what is the per capita for davenport fl

Natashya

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02-02-2025

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What is the Per Capita Income for Davenport, FL?

Finding the precise per capita income for Davenport, Florida, requires looking at data from multiple sources, as official government figures often aggregate data for larger areas. This article will explore where to find that information and what factors influence the per capita income in Davenport.

Understanding Per Capita Income

Per capita income is the average income per person in a specific geographic area. It's calculated by dividing the total income of all residents by the total population. This metric provides a valuable snapshot of the economic well-being of a community. However, it's important to remember that it's an average, and doesn't reflect the income distribution within that community. Some residents may earn significantly more or less than the average.

Where to Find Davenport's Per Capita Income Data

Unfortunately, precise per capita income data specifically for Davenport, FL, is not readily available on easily accessible government websites like the U.S. Census Bureau. The Census Bureau often releases data at the county (Polk County) or metropolitan statistical area (MSA) level. This means you'll find income data for larger areas encompassing Davenport.

Alternative Data Sources:

To get a better understanding of Davenport's income, you can try the following:

• Polk County Data: Search the Polk County website for economic development reports or data. These reports might include income information broken down by smaller regions within the county, potentially offering a closer approximation to Davenport's per capita income.
• American Community Survey (ACS): The ACS is a continuous survey conducted by the Census Bureau that provides detailed demographic and economic data. While it might not have a specific Davenport breakdown, you can use their tools to find data for smaller census tracts that might include Davenport. Be sure to check the data's margin of error.
• Private Data Providers: Companies specializing in demographic and economic data often have more granular information available, but this information usually comes at a cost.

Factors Influencing Davenport's Per Capita Income

Several factors influence the per capita income of any community, including Davenport:

• Employment Opportunities: The availability of high-paying jobs in various sectors (tourism, construction, agriculture, etc.) within and around Davenport significantly impacts the average income.
• Cost of Living: The cost of housing, transportation, and goods and services affects residents' disposable income. A higher cost of living can lower the perceived income level, even if average salaries are high.
• Education Levels: Generally, higher education levels correlate with higher incomes. The educational attainment of Davenport's residents will play a role in shaping the per capita income.
• Economic Growth: Overall economic growth in the Davenport area will positively affect income levels. Population growth and new businesses contribute to this.

Conclusion:

While obtaining the exact per capita income for Davenport, FL, requires some research across multiple sources, understanding the factors that influence this metric gives a valuable context. By exploring county data, utilizing the American Community Survey, or considering private data providers, you can get a clearer picture of the economic landscape of this Florida community. Remember that any number you find will be an approximation, and understanding the nuances of average income versus income distribution is crucial.