Altamonte Springs, Florida Income Statistics
Altamonte Springs Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
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C
Altamonte Springs Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Altamonte Springs | Florida Avg | US Average |
|---|---|---|---|
| Median Household Income | $67,739 | $74,580 | $80,455 |
| Median Personal Income | $50,992 | $52,322 | $60,758 |
| Average Yearly Income Growth | 3.7% | 5.4% | 4.8% |
| Six-Figure Earners | 9.8% | 11.6% | 13.9% |
| $200k+ Households | 6.4% | 11.0% | 13.2% |
The median household income in Altamonte Springs is about 9% lower than in Florida. Income has been growing slower in Altamonte Springs (3.7%/yr) than in Florida (5.4%/yr).
About 10% of adults in Altamonte Springs earn six figures ($100,000 or more) a year, lower than the Florida average of 12%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Altamonte Springs, Florida grew by 34.9% from 2009 to 2024, reaching $67,739 in 2024. That's an average of about 3.7% per year.
Altamonte Springs has stayed below the U.S. median household income in every year from 2009 to 2024 and has never reached it. It came closest in 2010, at 0.2% lower. The gap has widened from 1.8% in 2009 to 16% in 2024.
Income Distribution in Altamonte Springs
How incomes are spread across brackets, compared with the U.S. Pick a range to count who falls in it.
Households by income, 2024
Income range calculator
About 5,733 households (31.4% of all households) have an income of $100,000 or more.
Across the U.S.: 40.2% of all households.
In 2024, 20.2% of households in Altamonte Springs had an income under $35,000 and 12.2% had $150,000 or more. Across the U.S., those shares were 21.6% and 22.8%.
Compared with the U.S., Altamonte Springs has a larger share of households earning $50,000 to $74,999 (22.3% vs 15.5%) and a smaller share earning $200,000 or more (6.4% vs 13.2%).
| Household income | Households | Share | U.S. share |
|---|---|---|---|
| Under $10,000 | 751 | 4.1% | 5.1% |
| $10,000 to $14,999 | 317 | 1.7% | 3.5% |
| $15,000 to $24,999 | 952 | 5.2% | 6.4% |
| $25,000 to $34,999 | 1,662 | 9.1% | 6.7% |
| $35,000 to $49,999 | 2,499 | 13.7% | 10.1% |
| $50,000 to $74,999 | 4,072 | 22.3% | 15.5% |
| $75,000 to $99,999 | 2,282 | 12.5% | 12.6% |
| $100,000 to $149,999 | 3,501 | 19.2% | 17.4% |
| $150,000 to $199,999 | 1,055 | 5.8% | 9.5% |
| $200,000 or more | 1,177 | 6.4% | 13.2% |
Shares are of all 18,267 households, one per occupied home whatever its size. Households with zero or negative income are counted in the lowest bracket. Source: ACS 5-year estimates ending 2024 (table B19001).
Residents 15+ by personal income, 2024
Income range calculator
About 3,527 residents (9.8% of residents aged 15 and over) have a personal income of $100,000 or more.
Across the U.S.: 13.9% of residents aged 15 and over.
That is 11.0% of residents who have any income.
In 2024, 10.8% of Altamonte Springs residents aged 15 and over reported no personal income, 25.4% had some income but less than $25,000, and 16.3% had $75,000 or more. Across the U.S., those shares were 12.8%, 28.7% and 22.0%.
Compared with the U.S., Altamonte Springs has a larger share of residents earning $25,000 to $34,999 (14.1% vs 9.5%) and a smaller share earning $100,000 or more (9.8% vs 13.9%).
| Personal income | Residents | Share | U.S. share |
|---|---|---|---|
| No income | 3,888 | 10.8% | 12.8% |
| $1 to $9,999 | 3,116 | 8.7% | 11.2% |
| $10,000 to $14,999 | 2,154 | 6.0% | 7.0% |
| $15,000 to $24,999 | 3,842 | 10.7% | 10.5% |
| $25,000 to $34,999 | 5,055 | 14.1% | 9.5% |
| $35,000 to $49,999 | 5,512 | 15.4% | 12.6% |
| $50,000 to $74,999 | 6,453 | 18.0% | 14.3% |
| $75,000 to $99,999 | 2,329 | 6.5% | 8.2% |
| $100,000 or more | 3,527 | 9.8% | 13.9% |
Shares are of the 35,876 residents aged 15 and over, the only people the Census Bureau asks about income, and include those who reported none. A share of the whole population would count children as people without income, while a share of earners alone would hide the 10.8% with no income; the calculator adds that second share whenever your range leaves out people with no income. Source: ACS 5-year estimates ending 2024 (table B19325).
Income Inequality and the Gender Pay Gap in Altamonte Springs
| Metric | Altamonte Springs | Florida Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.502 | 0.551 | 0.552 |
| Male Median Income | $58,533 | $60,595 | $69,667 |
| Female Median Income | $52,615 | $50,762 | $56,850 |
| Gender Pay Gap | 10.1% | 16.2% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Altamonte Springs, it is 0.502, lower than Florida's 0.551, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 11% more than women's income in Altamonte Springs, Florida. Over a 35-year career, a 11% wage gap accumulates to roughly $207,130 in unearned income for female workers in the area.
Income by Sex Over Time
The income gap between men and women in Altamonte Springs, Florida has stayed about the same since 2009, at around 10%. Over that period the gap was widest at 16% in 2010, and was narrowest at 2% in 2022. In dollar terms, the gap has widened by $2,114 since 2009.
Against the trend: the pay gap in Altamonte Springs widened by 0.6 points while Florida's narrowed by 2.5 points.
Employment
| Metric | Altamonte Springs | Florida Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.1% | 4.8% | 5.2% |
| Working from Home | 16.5% | 15.7% | 15.0% |
| Commute time (minutes) | 23 | 23 | 22 |
Approximately 1,278 people are unemployed in Altamonte Springs, Florida.
The average commute time in Altamonte Springs is 23 minutes, about the same as in Florida.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Altamonte Springs, Florida has fallen from 8.4% to 5.1% in 2024. Over that period the rate peaked at 10.8% in 2013 and fell as low as 4.6% in 2019.
Altamonte Springs has been below the U.S. unemployment rate in most years since 2011, but rose above it in 2012-2015 (as much as 1.4 points higher). In 2024 its rate was 0.1 points lower.
Altamonte Springs, FL Wealth Compared With Nearby Cities
How Altamonte Springs, FL compares with the 1 cities closest to it.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Altamonte Springs, FL | 42,393 | $67,739 #2/2 | 3.7%/yr #2/2 | 5.1% #2/2 | 0.502 #1/2 |
| Wekiwa Springs, FL | 21,415 | $111,975 | 5.1%/yr | 3.6% | 0.520 |
Conclusion
Considering all these factors, Altamonte Springs, Florida has an overall wealth index grade of C, making it somewhat better than Florida, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Altamonte Springs, Florida.
How Wealthy Is Altamonte Springs, Florida?
Altamonte Springs has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $67,739, about 9% lower than the Florida average of $74,580.
How has median household income changed in Altamonte Springs, Florida?
Between 2009 and 2024, the median household income in Altamonte Springs, Florida rose 35%, from $50,209 to $67,739. Over the same years, income here lagged behind Florida as a whole: +35% against +57%.
What was the median household income in Altamonte Springs in 2023?
In 2023, the median household income in Altamonte Springs, Florida was $66,582, up 4% from $63,904 in 2022. The Florida median that year was $71,864.
What was the median household income in Altamonte Springs in 2020?
In 2020, the median household income in Altamonte Springs, Florida was $57,312. By 2024 it had risen 18% to $67,739.
What is the Gini coefficient in Altamonte Springs, Florida?
The Gini coefficient in Altamonte Springs is 0.502. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Altamonte Springs, Florida?
The income gap between men and women in Altamonte Springs, Florida has stayed about the same since 2009, at around 10%. Over that period the gap was widest at 16% in 2010, and was narrowest at 2% in 2022. In dollar terms, the gap has widened by $2,114 since 2009.
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