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51562 Income Statistics

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Comparison to Surrounding Areas

51562 Median Household Income

The median household income ($78,958) for 51562 is less than the median household income for 51565 ($95,308). But it's more than 51529 ($61,250), 51530 ($46,806), 51537 ($66,615), 51579 ($72,143), Shelby County ($70,295), and Panama city ($69,250).

51562$78,958
Panama city$69,250
Shelby County$70,295

51562 Average Household Income

The average household income ($88,670) for 51562 is less than the average household income for 51537 ($89,949), 51579 ($94,867), Shelby County ($91,452), and Panama city ($96,510). But it's more than 51529 ($80,487), 51530 ($75,931), and 51565 ($85,419).

51562$88,670
Panama city$96,510
Shelby County$91,452

51562 Per-Capita Income

The per-capita income for 51562 is $33,234. The per capita income ($33,234) for 51562 is less than 51530 ($34,045), 51565 ($36,948), 51579 ($35,853), 51529 ($34,298), 51537 ($38,464), Shelby County ($38,664), and Panama city ($36,077).

51562$33,234
Panama city$36,077
Shelby County$38,664

51562 High Income Households

10.8% of households make over $200,000 a year. The percent high income households (10.8%) for 51562 is more than 51530 (5.0%), 51565 (4.1%), 51579 (3.1%), 51529 (4.4%), 51537 (8.7%), Shelby County (8.9%), and Panama city (20.6%).

5156210.8%
Panama city20.6%
Shelby County8.9%

51562 Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
51562$-1$-1$113,125$50,104
Panama city$-1$-1$88,125$40,417
Shelby County$38,920$73,469$88,462$51,114

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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 51562 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+
51562+/-$44,432+/-$20,998+/-$6,040+/-14.4%+/-$-1+/-$-1+/-$25,105+/-$2,939
Panama city+/-$40,502+/-$32,391+/-$9,094+/-23.3%+/-$-1+/-$-1+/-$62,000+/-$21,390
Shelby County+/-$10,749+/-$8,350+/-$3,119+/-2.9%+/-$9,048+/-$12,702+/-$8,730+/-$6,296