Wealth Index
The wealth index reflects the overall economic prosperity and financial well-being of a county's residents based on income levels, employment rates, and income inequality metrics.
Income Statistics Overview
| Metric | Brent | Florida Avg | US Average |
|---|---|---|---|
| Median Household Income | $49,141 | $71,865 | $78,145 |
| Median Personal Income | $43,381 | $53,537 | $61,726 |
| Average income growth | 3.6% | 5.7% | 5.1% |
| Six-Figure Earners | 3.2% | 10.9% | 13.2% |
The median household income in Brent is about 32% lower than in Florida. Income has been growing slower in Brent (3.6%/yr) than in Florida (5.7%/yr).
About 3% of adults in Brent earn six figures ($100,000 or more) a year, lower than the Florida average of 11%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Brent, Florida grew by 57.2% from 2009 to 2023, reaching $49,141 in 2023. That's an average of about 3.6% per year.
Economic Inequality in Brent | Gender Pay Gap | Gini Coefficient
| Metric | Brent | Florida Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.528 | 0.566 | 0.570 |
| Male Median Income | $43,681 | $58,426 | $67,746 |
| Female Median Income | $43,069 | $48,893 | $54,793 |
| Gender Pay Gap | 1.4% | 16.3% | 19.1% |
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 Brent, it is 0.528, lower than Florida's 0.566, so income is more evenly distributed here than there, and lower than the US's 0.570, so income is more evenly distributed here than there.
Men's income is about 1% more than women's income in Brent, Florida. Over a 35-year career, a 1% wage gap accumulates to roughly $21,420 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Brent, Florida has narrowed from about 29% to 1% in 2023. In dollar terms, the gap has narrowed by $9,406 since 2009.
Employment
| Metric | Brent | Florida Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.9% | 4.8% | 5.2% |
| Working from Home | 21.1% | 13.9% | 13.4% |
| Commute time (minutes) | 17 | 23 | 22 |
Approximately 689 people are unemployed in Brent, Florida.
The average commute time in Brent is 17 minutes, shorter than the 23 minutes in Florida.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Brent, Florida has fallen from 13.2% to 6.9% in 2023.
Conclusion
Considering all these factors, Brent, Florida has an overall wealth index grade of D, making it somewhat worse than Florida, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Brent, Florida.
How Rich Is Brent, Florida?
Brent has a wealth index grade of D. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a D grade means residents are somewhat worse off than the U.S. average. The median household income is $49,141, about 32% lower than the Florida average of $71,865.
What is the current median household income in Brent, Florida?
As of 2023, the median household income in Brent, Florida is $49,141.
What was the median household income in Brent in 2023?
In 2023, the median household income in Brent, Florida was $49,141.
What was the median household income in Brent in 2020?
In 2020, the median household income in Brent, Florida was $40,517.
What is the Gini coefficient in Brent, Florida?
The Gini coefficient in Brent is 0.528. 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 0.570, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Brent, Florida?
Since 2009, the income gap between men and women in Brent, Florida has narrowed from about 29% to 1% in 2023. In dollar terms, the gap has narrowed by $9,406 since 2009.