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 | Buenaventura Lakes | Florida Avg | US Average |
|---|---|---|---|
| Median Household Income | $63,547 | $71,865 | $78,145 |
| Median Personal Income | $44,073 | $53,537 | $61,726 |
| Average income growth | 6.4% | 5.7% | 5.1% |
| Six-Figure Earners | 3.2% | 10.9% | 13.2% |
The median household income in Buenaventura Lakes is about 12% lower than in Florida. Income has been growing faster in Buenaventura Lakes (6.4%/yr) than in Florida (5.7%/yr).
About 3% of adults in Buenaventura Lakes 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 Buenaventura Lakes, Florida grew by 43.0% from 2009 to 2023, reaching $63,547 in 2023. That's an average of about 6.4% per year.
Economic Inequality in Buenaventura Lakes | Gender Pay Gap | Gini Coefficient
| Metric | Buenaventura Lakes | Florida Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.533 | 0.566 | 0.570 |
| Male Median Income | $48,513 | $58,426 | $67,746 |
| Female Median Income | $38,093 | $48,893 | $54,793 |
| Gender Pay Gap | 21.5% | 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 Buenaventura Lakes, it is 0.533, 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 27% more than women's income in Buenaventura Lakes, Florida. Over a 35-year career, a 27% wage gap accumulates to roughly $364,700 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Buenaventura Lakes, Florida has widened from about 20% to 21% in 2023. In dollar terms, the gap has widened by $3,958 since 2009.
Employment
| Metric | Buenaventura Lakes | Florida Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.2% | 4.8% | 5.2% |
| Working from Home | 8.8% | 13.9% | 13.4% |
| Commute time (minutes) | 31 | 23 | 22 |
Approximately 1,137 people are unemployed in Buenaventura Lakes, Florida.
The average commute time in Buenaventura Lakes is 31 minutes, longer than the 23 minutes in Florida.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Buenaventura Lakes, Florida has fallen from 11.5% to 6.2% in 2023.
Conclusion
Considering all these factors, Buenaventura Lakes, 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 Buenaventura Lakes, Florida.
How Rich Is Buenaventura Lakes, Florida?
Buenaventura Lakes 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 $63,547, about 12% lower than the Florida average of $71,865.
What is the current median household income in Buenaventura Lakes, Florida?
As of 2023, the median household income in Buenaventura Lakes, Florida is $63,547.
What was the median household income in Buenaventura Lakes in 2023?
In 2023, the median household income in Buenaventura Lakes, Florida was $63,547.
What was the median household income in Buenaventura Lakes in 2020?
In 2020, the median household income in Buenaventura Lakes, Florida was $55,507.
What is the Gini coefficient in Buenaventura Lakes, Florida?
The Gini coefficient in Buenaventura Lakes is 0.533. 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 Buenaventura Lakes, Florida?
Since 2009, the income gap between men and women in Buenaventura Lakes, Florida has widened from about 20% to 21% in 2023. In dollar terms, the gap has widened by $3,958 since 2009.