The origin of the name “Hypoluxo” is disputed. The word is composed of the Greek root “hypo-“(under, below average) and the Latin “lux” (light). It is possible the name comes from a loose translation of the Seminole for Lake Worth, roughly translated “water all ’round — no get out.”
There were 1,112 households out of which 9.8% had children under the age of 18 living with them, 41.7% weremarried couples living together, 5.7% had a female householder with no husband present, and 50.6% were non-families. 39.0% of all households were made up of individuals and 11.5% had someone living alone who was 65 years of age or older. The average household size was 1.81 and the average family size was 2.33.
In the town the population was spread out with 8.8% under the age of 18, 4.8% from 18 to 24, 30.3% from 25 to 44, 30.6% from 45 to 64, and 25.6% who were 65 years of age or older. The median age was 49 years. For every 100 females there were 96.0 males. For every 100 females age 18 and over, there were 92.0 males.
The median income for a household in the town was $50,284, and the median income for a family was $64,375. Males had a median income of $50,431 versus $32,647 for females. The per capita income for the town was $43,960. About 8.6% of families and 7.1% of the population were below the poverty line, including 10.5% of those under age 18 and 5.5% of those age 65 or over.