34224 Zip Code Income, Population and Demographics

Are you tired of spending 10+ hours searching for demographic and population data for the 34224 zip code? We have all of the data you need by state, county, city, and zip code that will save you many hours of research!

In this article, we'll explore most of the 190+ data points we have for 34224, covering popular demographics statistics like household income, race, age and gender, educational attainment, poverty, housing, and transportation.

34224 is a zip code in Charlotte County and Sarasota County, Florida, which covers Grove City-Rotonda CCD and Interior County, with a total population of 16,369 people.

Median Household Income

According to the latest ACS 5-year survey in 2020, the median household income in 34224 is $43,863.00.

The chart below shows the average household income by age in 34224.

  • Under 25
    $2,499.00
  • 25 to 44
    $57,708.00
  • 45 to 64
    $46,228.00
  • 65 and over
    $43,827.00

Average Household Income

A very commonly asked question is "what is the average household income in the 34224 zip code?". The official term for the average household income is the mean household income. The mean household income is the total income of all households divided by the number of households.

The average (or mean) household income in 34224 is $59,174.00.

1.68% of households in the 34224 zip code are classed as high income households (making $200,000+ per year).

The difference between a median and an average income

The difference between a median and mean household income is that the median income is the middle point of the set of numbers whereas the mean income is an average of all numbers.

Both metrics are important when looking at the income statistics for 34224 but because the median value doesn't depend on other numbers in the dataset, it doesn't change as much when some of the values are extremely low or extremely high.

Household Income Tiers for 34224

We can also look at the household income tiers. This lets you see how many households fall into each of the earnings brackets and what percentage that bracket is of the total number of households.

The chart below shows the household income brackets to see which age groups have the highest median income. The actual data is more granular than these brackets, but we've simplified them into bigger categories to make reviewing the data for the 34224 zip code easier to view.

You can purchase the raw data above, which will have the full income tiers with smaller jumps in household income.

  • Less than $24,999
    24.96%
  • $25,000 to $49,999
    30.31%
  • $50,000 to $74,999
    23.71%
  • $75,000 to $99,999
    8.71%
  • $100,000 to $149,999
    6.84%
  • $150,000 to $199,999
    3.79%
  • $200,000 or more
    1.68%

Per Capita Income

The per capita income is the average income of all people in the 34224 zip code. This is calculated by dividing the total income of all people in 34224 by the total number of people in 34224.

It differs from the average or mean household income because it includes all people in 34224 and not just the people who earn an income (i.e. children, retirees, unemployed, etc.).

The per capita income in the 34224 zip code is $29,448.00.

Population in 34224 by Race and Ethnicity

The total population in 34224 is currently 16,369 people.

The race and ethnicity of the population in 34224 can be very important for social research, economics, and marketing to a multi-culturial society.

Whether you want to target products or services to a particular race or ethnicity, or provide housing and new businesses to improve areas with a larger ethnic minority population, this data is very valuable for discovering suitable areas.

The chart below breaks down the population and percentage for each race and ethnicity in the 34224 zip code.

  • 91.80% White
    15,026
  • 0.00% Black/African American
    3
  • 0.10% Native
    22
  • 3.60% Hispanic
    597
  • 1.40% Asian
    228
  • 0.00% Hawaiian/Pacific Islander
    0
  • 2.90% Two or more races
    472
  • 0.10% Other
    21

Population of 34224 by Age and Gender

Another very important demographics statistic for the 34224 zip code is the age and gender of the population. The age and gender of the population can be used to track trends in population growth or decline, and for businesses, the data can be used to identify people important to you and your business need.

In the table below, we show age groups at a 10 year granularity for ease of use. The raw data, which can be purchased above, includes age and gender at a 5 year granularity.

Age Group Male Female
0 to 9 Years 391 422
10 to 19 Years 557 531
20 to 29 Years 533 589
30 to 39 Years 427 403
40 to 49 Years 453 684
50 to 59 Years 1,160 1,211
60 to 69 Years 1,399 2,091
70 Years and over 2,933 2,585

Education Levels

Educational attainment is a very useful statistic that can give insights into other data such as the average household income, unemployment levels, and literacy.

What this means is that it is likely for areas that have higher levels of education to have higher average household incomes, lower unemployment rates, and higher literacy rates.

The chart below shows the educational attainment of the population in the 34224 zip code.

  • Master's degree or higher
    11.30%
  • Bachelor's degree
    22.76%
  • Some college or associate's degree
    13.44%
  • High school diploma or equivalent
    50.64%
  • Less than high school diploma
    1.86%

Unemployment Rates

The unemployment rate is the percentage of the population that is actively looking for work but is unable to find a job. The unemployment rate is a very important statistic for 34224 because it can show how many people are actively looking for work and how many people are unable to find a job.

Lower levels of unemployment is generally seen as a positive sign for the economy. It also makes the government in 34224 look good because it shows that they are doing a good job of creating jobs, working to capacity, being efficient, and keeping the economy strong.

The unemployment rate is calculated using the total population in the 34224 zip code that are over the age of 16.

The current population in 34224 that are over the age of 16 is 15,094 people.

The unemployment rate in 34224 is 60.70%, which means 9,162 people are unemployed.

Median Age in 34224

The median age is an interesting metric because it gives us an idea of the age distribution of people in the 34224 zip code. You know when you see a median age that it is the age where half of the population is older and half is younger than it.

For demographic studies, this can be used to infer and compare date to things such as birth rates, the age of parents, and so on.

An increasing median age can be a sign of an aging population, which can be a sign of a declining population. This is because older people tend to have fewer children and die more often than younger people.

The median age in 34224 is 62.6 years old.

We can also look at the median age by gender to compare the see how each group compares to the total median age:

Median age by gender in 34224

62.6

Total

63.7

Male

62.1

Female

Households and Families

There are a total of 7,631 households in 34224, and the average household size is 2.13 people.

For families, the total number is 4,039, and the average family size is 2.77 people.

4.40% of those families in the 34224 zip code are living below the poverty line.

The table below shows the poverty thresholds for 34224 in 2022.

Household Size Poverty Threshold
1 Person $13,590.00
2 People $18,310.00
3 People $23,030.00
4 People $27,750.00
5 People $32,470.00
6 People $37,190.00
7 People $41,910.00
8 People $46,630.00

Please note that the poverty thresholds shown above are from 2022, while the latest demographics data we have is from 2020.

Households and Families by Marital Status

There are four types of household and family, as defined by the Census Bureau:

  • Married-couple
  • Male householder, no spouse present
  • Female householder, no spouse present
  • Nonfamily household

In the table below, you can see the total households and families in the 34224 zip code for each type, as well as the average sizes.

Married Male Female Nonfamily
Total Households 3,337 139 563 3,592
Average Household Size 2.6 3.9 4.56 1.24
Total Families 3,337 139 563 0
Average Household Size 2.56 3.83 3.77 0

Housing Data in 34224

There are total of 10,913 housing units in the 34224 zip code. Of those units, 7,631 (69.93%) are occupied, and 3,282 (30.07%) are vacant.

Rental Rates

Of the 10,913 housing units in 34224, 1,562 (14.31%) are occupied by renters. The median rent paid by renters is $950.00.

Owner occupied housing units make up the remaining 54.93% of housing units, with 5,994 housing units in total.

The table below breaks down how much rent is paid by renters in the 34224 zip code.

  • No rent paid
    75
  • Less than $500
    135
  • $500 to $999
    788
  • $1,000 to $1,499
    562
  • $1,500 to $1,999
    37
  • $2,000 to $2,499
    0
  • $2,500 to $2,999
    0
  • $3,000 or more
    40

Property Values

The median value of a property in 34224 is $174,200.00.

The table below breaks down the range of valuations for all properties in 34224.

  • Less than $50,000
    295
  • $50,000 to $99,999
    732
  • $100,000 to $149,999
    1,215
  • $150,000 to $199,999
    1,244
  • $200,000 to $299,999
    1,689
  • $300,000 to $499,999
    583
  • $500,000 to $999,999
    201
  • $1,000,000 or more
    35

Property Age

We can also look at the number of properties built in a given year to see the spread of property age in the 34224 zip code.

  • 1939 or earlier
    0
  • 1940 to 1949
    0
  • 1950 to 1959
    381
  • 1960 to 1969
    694
  • 1970 to 1979
    1,752
  • 1980 to 1989
    3,821
  • 1990 to 1999
    2,706
  • 2000 to 2009
    1,295
  • 2010 to 2013
    30
  • 2014 or later
    234

Vehicles Available per Household

Finally, we have data on how many vehicles each household in 34224 has. The table below breaks down the number of vehicles available per household.

  • No vehicles available
    396
  • 1 vehicle available
    3,614
  • 2 vehicles available
    2,977
  • 3 or more vehicles available
    644

Commuting to Work in 34224

The time and means of commuting to work are useful metrics to look at because they can be correlated against other data such as income and education level.

Does a longer commuting time indicate a higher average income? If so, has the huge increase in home working during the pandemic changed this?

Using these metrics, we can get a better understanding of the demographics of the 34224 zip code, how they commute, and how that correlates to other data points.

The average travel time is 24.8 minutes, and the chart below covers the range of travel times across the population of 34224.

  • Less than 5 minutes
    388
  • 5 to 9 minutes
    762
  • 10 to 14 minutes
    569
  • 15 to 19 minutes
    873
  • 20 to 24 minutes
    425
  • 25 to 29 minutes
    276
  • 30 to 34 minutes
    542
  • 35 to 39 minutes
    210
  • 40 to 44 minutes
    152
  • 45 to 59 minutes
    390
  • 60 to 89 minutes
    273
  • 90 or more minutes
    99

We can also look at the means of transport in 34224 to see which modes of transport people are using to commute to work.

  • Drove alone
    4,430
  • Carpooled
    131
  • Public transportation
    0
  • Walked
    215
  • Other means
    183
  • Worked from home
    488

Conclusion

Hopefully this article has given you the demographics data you were looking for in the 34224 zip code.

If you need more demographics data, or you need the data listed above in spreadsheet form with more granular grouping, head back to the top of this page where you can purchase the complete demographics data for 34224.

Link To or Reference This Page

We spent a lot of time downloading, cleaning, merging, and formatting the data that is shown on the site.

If you found the data or information on this page useful in your research, please use the tool below to properly cite or reference Name Census as the source. We appreciate your support!

  • "34224 Zip Code Income, Population and Demographics". NameCensus.com. Accessed on November 28, 2022. https://namecensus.com/demographics/florida/34224/.

  • "34224 Zip Code Income, Population and Demographics". NameCensus.com, https://namecensus.com/demographics/florida/34224/. Accessed 28 November, 2022

  • 34224 Zip Code Income, Population and Demographics. NameCensus.com. Retrieved from https://namecensus.com/demographics/florida/34224/.