Gulf Stream Average Income, Population and Demographics

Are you tired of spending 10+ hours searching for demographic and population data for Gulf Stream, Florida? 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 Gulf Stream, covering popular demographics statistics like household income, race, age and gender, educational attainment, poverty, housing, and transportation.

Median Household Income

According to the latest ACS 5-year survey in 2020, the median household income in Gulf Stream is $250,001.00.

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

  • Under 25
    $0.00
  • 25 to 44
    $0.00
  • 45 to 64
    $250,001.00
  • 65 and over
    $163,125.00

Average Household Income

A very commonly asked question is "what is the average household income in Gulf Stream, Florida?". 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 Gulf Stream is $489,549.00.

54.40% of households in Gulf Stream, Florida 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 Gulf Stream 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 Gulf Stream

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 Gulf Stream, Florida 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
    9.59%
  • $25,000 to $49,999
    12.18%
  • $50,000 to $74,999
    6.99%
  • $75,000 to $99,999
    4.15%
  • $100,000 to $149,999
    6.74%
  • $150,000 to $199,999
    5.96%
  • $200,000 or more
    54.40%

Per Capita Income

The per capita income is the average income of all people in Gulf Stream, Florida. This is calculated by dividing the total income of all people in Gulf Stream by the total number of people in Gulf Stream.

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

The per capita income in Gulf Stream, Florida is $215,881.00.

Population in Gulf Stream by Race and Ethnicity

The total population in Gulf Stream is currently 885 people.

The race and ethnicity of the population in Gulf Stream 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 Gulf Stream, Florida.

  • 94.50% White
    836
  • 1.80% Black/African American
    16
  • 0.00% Native
    0
  • 3.10% Hispanic
    27
  • 0.70% Asian
    6
  • 0.00% Hawaiian/Pacific Islander
    0
  • 0.00% Two or more races
    0
  • 0.00% Other
    0

Population of Gulf Stream by Age and Gender

Another very important demographics statistic for Gulf Stream, Florida 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 40 44
10 to 19 Years 52 45
20 to 29 Years 10 12
30 to 39 Years 16 20
40 to 49 Years 39 53
50 to 59 Years 48 78
60 to 69 Years 114 82
70 Years and over 130 102

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 Gulf Stream, Florida.

  • Master's degree or higher
    22.90%
  • Bachelor's degree
    63.60%
  • Some college or associate's degree
    5.87%
  • High school diploma or equivalent
    7.63%
  • Less than high school diploma
    0.00%

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 Gulf Stream 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 Gulf Stream 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 Gulf Stream, Florida that are over the age of 16.

The current population in Gulf Stream that are over the age of 16 is 738 people.

The unemployment rate in Gulf Stream is 52.00%, which means 384 people are unemployed.

Median Age in Gulf Stream

The median age is an interesting metric because it gives us an idea of the age distribution of people in Gulf Stream, Florida. 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 Gulf Stream is 59.3 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 Gulf Stream

59.3

Total

60.7

Male

58

Female

Households and Families

There are a total of 386 households in Gulf Stream, and the average household size is 2.29 people.

For families, the total number is 270, and the average family size is 2.71 people.

1.90% of those families in Gulf Stream, Florida are living below the poverty line.

The table below shows the poverty thresholds for Gulf Stream 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 Gulf Stream, Florida for each type, as well as the average sizes.

Married Male Female Nonfamily
Total Households 259 5 6 116
Average Household Size 2.73 6 3.67 1.09
Total Families 259 5 6 0
Average Household Size 2.7 2.8 3 0

Housing Data in Gulf Stream

There are total of 580 housing units in Gulf Stream, Florida. Of those units, 386 (66.55%) are occupied, and 194 (33.45%) are vacant.

Rental Rates

Of the 580 housing units in Gulf Stream, 38 (6.55%) are occupied by renters. The median rent paid by renters is $2,031.00.

Owner occupied housing units make up the remaining 58.62% of housing units, with 340 housing units in total.

The table below breaks down how much rent is paid by renters in Gulf Stream, Florida.

  • No rent paid
    8
  • Less than $500
    0
  • $500 to $999
    6
  • $1,000 to $1,499
    10
  • $1,500 to $1,999
    2
  • $2,000 to $2,499
    16
  • $2,500 to $2,999
    0
  • $3,000 or more
    4

Property Values

The median value of a property in Gulf Stream is $2,000,001.00.

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

  • Less than $50,000
    0
  • $50,000 to $99,999
    0
  • $100,000 to $149,999
    3
  • $150,000 to $199,999
    0
  • $200,000 to $299,999
    4
  • $300,000 to $499,999
    33
  • $500,000 to $999,999
    56
  • $1,000,000 or more
    244

Property Age

We can also look at the number of properties built in a given year to see the spread of property age in Gulf Stream, Florida.

  • 1939 or earlier
    31
  • 1940 to 1949
    23
  • 1950 to 1959
    67
  • 1960 to 1969
    102
  • 1970 to 1979
    123
  • 1980 to 1989
    92
  • 1990 to 1999
    40
  • 2000 to 2009
    36
  • 2010 to 2013
    51
  • 2014 or later
    15

Vehicles Available per Household

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

  • No vehicles available
    16
  • 1 vehicle available
    135
  • 2 vehicles available
    164
  • 3 or more vehicles available
    71

Commuting to Work in Gulf Stream

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 Gulf Stream, Florida, how they commute, and how that correlates to other data points.

The average travel time is 21.4 minutes, and the chart below covers the range of travel times across the population of Gulf Stream.

  • Less than 5 minutes
    24
  • 5 to 9 minutes
    48
  • 10 to 14 minutes
    47
  • 15 to 19 minutes
    12
  • 20 to 24 minutes
    45
  • 25 to 29 minutes
    37
  • 30 to 34 minutes
    21
  • 35 to 39 minutes
    0
  • 40 to 44 minutes
    2
  • 45 to 59 minutes
    31
  • 60 to 89 minutes
    5
  • 90 or more minutes
    3

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

  • Drove alone
    233
  • Carpooled
    3
  • Public transportation
    0
  • Walked
    30
  • Other means
    9
  • Worked from home
    61

Conclusion

Hopefully this article has given you the demographics data you were looking for in Gulf Stream, Florida.

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 Gulf Stream.

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  • "Gulf Stream Average Income, Population and Demographics". NameCensus.com. Accessed on October 5, 2022. https://namecensus.com/demographics/florida/palm-beach-county/gulf-stream/.

  • "Gulf Stream Average Income, Population and Demographics". NameCensus.com, https://namecensus.com/demographics/florida/palm-beach-county/gulf-stream/. Accessed 5 October, 2022

  • Gulf Stream Average Income, Population and Demographics. NameCensus.com. Retrieved from https://namecensus.com/demographics/florida/palm-beach-county/gulf-stream/.