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34240 Income Statistics

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Comparison to Surrounding Areas

34240 Median Household Income

The median household income ($120,581) for 34240 is less than the median household income for 34201 ($123,105) and Old Miakka CDP ($129,265). But it's more than 34251 ($82,926), 34233 ($74,365), 34241 ($105,794), 34243 ($77,236), 34202 ($114,234), 34232 ($79,806), Sarasota County ($77,213), Fruitville CDP ($84,070), and Lakewood Ranch CDP ($114,511).

34240$120,581
Fruitville CDP$84,070
Lakewood Ranch CDP$114,511
Old Miakka CDP$129,265
Sarasota County$77,213

34240 Average Household Income

The average household income ($146,683) for 34240 is less than the average household income for 34201 ($165,356), 34202 ($163,766), and Lakewood Ranch CDP ($153,097). But it's more than 34251 ($105,870), 34233 ($103,833), 34241 ($130,687), 34243 ($97,160), 34232 ($100,982), Sarasota County ($115,389), Fruitville CDP ($102,877), and Old Miakka CDP ($138,292).

34240$146,683
Fruitville CDP$102,877
Lakewood Ranch CDP$153,097
Old Miakka CDP$138,292
Sarasota County$115,389

34240 Per-Capita Income

The per-capita income for 34240 is $57,387. The per capita income ($57,387) for 34240 is less than the per capita income for 34201 ($80,577), 34202 ($64,497), and Lakewood Ranch CDP ($60,255). But it's more than 34251 ($33,177), 34233 ($46,562), 34241 ($50,363), 34243 ($42,466), 34232 ($44,237), Sarasota County ($53,149), Fruitville CDP ($45,809), and Old Miakka CDP ($49,028).

34240$57,387
Fruitville CDP$45,809
Lakewood Ranch CDP$60,255
Old Miakka CDP$49,028
Sarasota County$53,149

34240 High Income Households

24.4% of households make over $200,000 a year. The percent high income households (24.4%) for 34240 is more than 34251 (7.4%), 34232 (8.3%), 34233 (8.8%), 34241 (18.2%), 34243 (8.3%), 34201 (22.7%), 34202 (22.7%), Sarasota County (11.5%), Fruitville CDP (9.9%), Lakewood Ranch CDP (23.0%), and Old Miakka CDP (14.7%).

3424024.4%
Fruitville CDP9.9%
Lakewood Ranch CDP23.0%
Old Miakka CDP14.7%
Sarasota County11.5%

34240 Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
34240$-1$148,016$128,261$96,772
Fruitville CDP$56,324$107,692$100,688$61,682
Lakewood Ranch CDP$-1$151,126$140,425$86,818
Old Miakka CDP$-1$148,696$128,315$127,778
Sarasota County$57,158$86,182$88,758$68,147

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About the Data

Sources & Margins of Error

All income statistics above are the most current, comparable income statistics available from the US Census Bureau and are from the American Community Survey 2022 5-year estimates. You can find this information and other demographics for 34240 on the US Census Bureau’s website. These values are in 2022 inflation-adjusted dollars and were downloaded on 7 December 2023.

The following data tables were used:

  • B19001 Household Income in the Past 12 Months (in 2022 inflation-adjusted dollars)
  • B19013 Median Household Income in the Past 12 Months (in 2022 inflation-adjusted dollars)
  • B19301 Per Capita Income in the Past 12 Months (in 2022 inflation-adjusted dollars)
  • S1902 Mean Income in the Past 12 Months (in 2022 inflation-adjusted dollars)
  • B19049 Median Household Income in the Past 12 Months (in 2022 inflation-adjusted dollars) By Age Of Householder

Margins of error for the above income data are:

Median Household Income Average Household Income Per Capita Income High Income Households Median Household Income by Age of Householder
under 25 25 to 44 45 to 64 65+
34240+/-$16,538+/-$15,984+/-$7,111+/-5.9%+/-$-1+/-$42,958+/-$20,845+/-$9,226
Fruitville CDP+/-$7,546+/-$7,194+/-$3,316+/-2.5%+/-$12,305+/-$20,454+/-$9,303+/-$6,992
Lakewood Ranch CDP+/-$8,326+/-$10,561+/-$4,953+/-3.3%+/-$-1+/-$15,078+/-$16,744+/-$10,299
Old Miakka CDP+/-$11,159+/-$18,797+/-$7,307+/-13.2%+/-$-1+/-$63,301+/-$7,682+/-$45,386
Sarasota County+/-$1,558+/-$3,940+/-$1,766+/-0.5%+/-$13,034+/-$1,737+/-$3,113+/-$1,446