CENSUS TRACT
Census Tract 502.02
Florida · Indian River County · 2,875 residents · 2.64 sq mi
Notable rankings
#139lowest short commute in FL17.0 minTRACT SHAPE · Indian River County, FL
The short version
Census Tract 502.02 has lower-than-average household income, with a median household income of $66,500. Population has declined 10% since 2020. Median home value is $322,100.
At a glance
Lower income
below the US median
US median: $82,259
Older
median age 42.5
US median: 38.9
Less educated
25% hold a bachelor's degree
US average: 36%
Stable housing
home values roughly flat, inflation adjusted
US median home: $376,019
Section 01
Population & growth
Total population
2,875
−10%since 2020
from 3,180 in 2020
2020 – 2024
Population density
1,089 / sq mi
−10%since 2020
from 1,205 / sq mi in 2020
US average: 281
Median age
42.5
+6%since 2020
from 40.1 in 2020
US average: 38.9
Population, 2020 – 2024
20243K
Section 02
Income & economy
Median household income
$66,500
−9%inflation adjusted, since 2020
from $60,541 in 2020
US average: $82,259
2020 – 2024
Per capita income
$31,990
+20%since 2020
from $26,563 in 2020
US average: $44,673
Households earning $100K+
41.6%
+1.3 ptssince 2020
from 40.4% in 2020
US average: 53.3%
Poverty rate
7.6%
+0.5 ptssince 2020
from 7.1% in 2020
US average: 12.5%
Income inequality (Gini)
0.392
+9%since 2020
from 0.360 in 2020
US average: 0.476
Workforce by industry, 2024
Information13.3%
Other services9.8%
Finance & insurance5.8%
Professional, scientific, technical5.8%
Public administration5.2%
Retail trade3.6%
Wholesale trade3.4%
Agriculture, forestry, fishing0.7%
Construction0.7%
Manufacturing0%
Transportation & warehousing0%
Education & health services0%
Arts, entertainment, food0%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03
Housing
Median home value
$322,100
+20%inflation adjusted, since 2020
from $221,600 in 2020
US average: $376,019
2020 – 2024
Median gross rent
$1,750
+23%inflation adjusted, since 2020
from $1,171 in 2020
US average: $1,442
Owner-occupied
80.5%
+0.6 ptssince 2020
from 80.0% in 2020
19.5% rent
Vacancy rate
19.4%
+11.7 ptssince 2020
from 7.8% in 2020
US average: 10.0%
Owner cost-burdened
26.1%
+1.2 ptssince 2020
from 24.9% in 2020
US average: 22.9%
Renter cost-burdened
65.7%
+20.1 ptssince 2020
from 45.6% in 2020
US average: 47.4%
Afford Score
4.8
+32%since 2020
from 3.7 in 2020
2020 – 2024
RELATED:See current rent listings in Census Tract 502.02 on RentDataNow
Section 04
Race & ethnicity
2020
White, non-Hispanic74.2%(2,360)
Black4.5%(142)
Hispanic / Latino13.6%(431)
Asian5.5%(174)
Other2.3%(73)
Diversity Score53.2%(1,691)
2024
White, non-Hispanic65%(1,870)
Black4.6%(131)
Hispanic / Latino26%(748)
Asian1%(29)
Other3.4%(97)
Diversity Score63.2%(1,818)
Diversity Score
63
+19%since 2020
from 53 in 2020
2020 – 2024
Section 05
Education
Bachelor's degree or higher
25.3%
−1.3 ptssince 2020
from 26.5% in 2020
US average: 35.6%
High school or higher
88.8%
+4.7 ptssince 2020
from 84.1% in 2020
US average: 89.6%
Graduate degree
10.0%
−0.6 ptssince 2020
from 10.7% in 2020
US average: 14.0%
Section 06
Commute & transportation
Average commute
17.0 min
−26%since 2020
from 23.0 min in 2020
US average: 26.5
Drive alone to work
81.4%
+6.5 ptssince 2020
from 74.9% in 2020
US average: 68.9%
Carpooled to work
2.5%
−6.7 ptssince 2020
from 9.2% in 2020
US average: 8.5%
Public transit
0.0%
−0.4 ptssince 2020
from 0.4% in 2020
US average: 3.2%
Worked from home
14.7%
+3.0 ptssince 2020
from 11.7% in 2020
US average: 15.0%
Walked to work
1.4%
+1.4 ptssince 2020
from 0.0% in 2020
US average: 2.4%
Biked to work
0.0%
Unchangedsince 2020
from 0.0% in 2020
US average: 0.4%
No vehicle available
1.9%
+1.0 ptssince 2020
from 0.9% in 2020
US average: 8.3%
Section 07
Work & employment
Unemployment rate
0.0%
−2.3 ptssince 2020
from 2.3% in 2020
US average: 5.2%
Labor force participation
48.2%
−3.8 ptssince 2020
from 52.0% in 2020
US average: 63.5%
Self-employed
7.9%
−3.9 ptssince 2020
from 11.7% in 2020
US average: 13.1%
Management & professional
36.5%
−0.4 ptssince 2020
from 36.9% in 2020
US average: 42.5%
Section 08
People & community
Male
53.8%
+2.8 ptssince 2020
from 51.0% in 2020
Female
46.2%
−2.8 ptssince 2020
from 49.0% in 2020
Foreign born
8.6%
+0.4 ptssince 2020
from 8.2% in 2020
US average: 14.1%
Veterans
6.8%
−0.9 ptssince 2020
from 7.7% in 2020
US average: 6.2%
With a disability
14.6%
+3.6 ptssince 2020
from 11.0% in 2020
US average: 13.3%
Uninsured
5.9%
−6.8 ptssince 2020
from 12.7% in 2020
US average: 8.4%
Broadband at home
92.8%
−1.7 ptssince 2020
from 94.5% in 2020
US average: 91.0%
English only at home
83.6%
−3.7 ptssince 2020
from 87.3% in 2020
US average: 77.7%
Spanish at home
11.3%
+4.1 ptssince 2020
from 7.3% in 2020
US average: 13.6%
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Compare Census Tract 502.02 to nearby tracts
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CENSUS TRACT 502.02 VS
Census Tract 507.08
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Home value$351,500+9%
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CENSUS TRACT 502.02 VS
Census Tract 503.04
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Home value$258,900−20%
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CENSUS TRACT 502.02 VS
Census Tract 502.01
Income$68,625+3%
Home value$277,300−14%
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Frequently asked
How many people live in this census tract?
this census tract has about 2,875 residents according to the 2024 American Community Survey.
What is the median household income in this census tract?
The typical household in this census tract earns about $66,500 a year. Half of households make more than that, and half make less.
Is this census tract expensive?
In this census tract, the median home is worth about $322,100, and the typical rent is about $1,750 a month.
How educated are people in this census tract?
About 25.3% of adults age 25 and over in this census tract hold a bachelor's degree or higher.
What is the poverty rate in this census tract?
About 7.6% of people in this census tract live below the federal poverty line.
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Containing area
Indian River CountyOther census tracts in Indian River County
Census Tract 508.11Census Tract 506.03Census Tract 509.03Census Tract 508.09Census Tract 507.06Census Tract 506.07Census Tract 506.08Census Tract 506.02Census Tract 508.06Census Tract 501.01Census Tract 508.07Census Tract 507.07Census Tract 509.08Census Tract 507.02Census Tract 509.05Census Tract 508.08DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024