Carrollwood, Florida Income Statistics
Carrollwood 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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B
Carrollwood Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Carrollwood | Florida Avg | US Average |
|---|---|---|---|
| Median Household Income | $84,172 | $74,580 | $80,455 |
| Median Personal Income | $59,318 | $52,322 | $60,758 |
| Average Yearly Income Growth | 3.9% | 5.4% | 4.8% |
| Six-Figure Earners | 14.3% | 11.6% | 13.9% |
| $200k+ Households | 16.1% | 11.0% | 13.2% |
The median household income in Carrollwood is about 13% higher than in Florida. Income has been growing slower in Carrollwood (3.9%/yr) than in Florida (5.4%/yr).
About 14% of adults in Carrollwood earn six figures ($100,000 or more) a year, higher than the Florida average of 12%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Carrollwood, Florida grew by 48.3% from 2009 to 2024, reaching $84,172 in 2024. That's an average of about 3.9% per year.
Carrollwood has been above the U.S. median household income in most years since 2009, but dipped below it in 2020 and 2022. In 2024 its income was 4.6% higher.
Income Distribution in Carrollwood
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 6,417 households (43.1% of all households) have an income of $100,000 or more.
Across the U.S.: 40.2% of all households.
In 2024, 19.2% of households in Carrollwood had an income under $35,000 and 24.7% had $150,000 or more. Across the U.S., those shares were 21.6% and 22.8%.
Compared with the U.S., Carrollwood has a larger share of households earning $200,000 or more (16.1% vs 13.2%) and a smaller share earning $10,000 to $14,999 (1.4% vs 3.5%).
| Household income | Households | Share | U.S. share |
|---|---|---|---|
| Under $10,000 | 587 | 3.9% | 5.1% |
| $10,000 to $14,999 | 202 | 1.4% | 3.5% |
| $15,000 to $24,999 | 832 | 5.6% | 6.4% |
| $25,000 to $34,999 | 1,242 | 8.3% | 6.7% |
| $35,000 to $49,999 | 1,627 | 10.9% | 10.1% |
| $50,000 to $74,999 | 2,356 | 15.8% | 15.5% |
| $75,000 to $99,999 | 1,611 | 10.8% | 12.6% |
| $100,000 to $149,999 | 2,750 | 18.5% | 17.4% |
| $150,000 to $199,999 | 1,273 | 8.6% | 9.5% |
| $200,000 or more | 2,394 | 16.1% | 13.2% |
Shares are of all 14,873 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 4,434 residents (14.3% 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 16.1% of residents who have any income.
In 2024, 11.1% of Carrollwood residents aged 15 and over reported no personal income, 25.8% had some income but less than $25,000, and 22.6% had $75,000 or more. Across the U.S., those shares were 12.8%, 28.7% and 22.0%.
Compared with the U.S., Carrollwood has a larger share of residents earning $50,000 to $74,999 (16.3% vs 14.3%) and a smaller share earning $1 to $9,999 (9.1% vs 11.2%).
| Personal income | Residents | Share | U.S. share |
|---|---|---|---|
| No income | 3,441 | 11.1% | 12.8% |
| $1 to $9,999 | 2,819 | 9.1% | 11.2% |
| $10,000 to $14,999 | 1,731 | 5.6% | 7.0% |
| $15,000 to $24,999 | 3,429 | 11.1% | 10.5% |
| $25,000 to $34,999 | 3,354 | 10.9% | 9.5% |
| $35,000 to $49,999 | 4,109 | 13.3% | 12.6% |
| $50,000 to $74,999 | 5,038 | 16.3% | 14.3% |
| $75,000 to $99,999 | 2,555 | 8.3% | 8.2% |
| $100,000 or more | 4,434 | 14.3% | 13.9% |
Shares are of the 30,912 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 11.1% 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 Carrollwood
| Metric | Carrollwood | Florida Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.526 | 0.551 | 0.552 |
| Male Median Income | $64,924 | $60,595 | $69,667 |
| Female Median Income | $58,684 | $50,762 | $56,850 |
| Gender Pay Gap | 9.6% | 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 Carrollwood, it is 0.526, 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 Carrollwood, Florida. Over a 35-year career, a 11% wage gap accumulates to roughly $218,400 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Carrollwood, Florida has narrowed from about 18% to 10% in 2024. Over that period the gap was widest at 23% in 2011. In dollar terms, the gap has narrowed by $2,751 since 2009.
Employment
| Metric | Carrollwood | Florida Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.4% | 4.8% | 5.2% |
| Working from Home | 22.6% | 15.7% | 15.0% |
| Commute time (minutes) | 23 | 23 | 22 |
Approximately 909 people are unemployed in Carrollwood, Florida.
The average commute time in Carrollwood is 23 minutes, about the same as in Florida.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Carrollwood, Florida has fallen from 9.3% to 4.4% in 2024. Over that period the rate peaked at 10.2% in 2013 and fell as low as 4.0% in 2022.
Carrollwood has crossed the U.S. unemployment rate 3 times since 2011, most recently dropping below it by 2022. In 2024 its rate was 0.8 points lower.
Carrollwood, FL Wealth Compared With Nearby Cities
Carrollwood, FL is the 2nd largest of the 6 cities compared here, 37,566 residents against a local median of 31,109. The measure that sets Carrollwood, FL apart most is income growth: 3.9%/yr, 20% below the local median of 4.9%/yr. That is the weaker end of the local range on this measure.
The cities themselves sit within 0.5%/yr of each other on income growth, a tighter band than the gap between any of them and Carrollwood, FL, which makes it a genuine outlier here rather than one end of a wide local spread. Carrollwood, FL has the 6th highest income growth of the 6 areas compared here.
| 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. |
|---|---|---|---|---|---|
| Carrollwood, FL | 37,566 | $84,172 #3/6 | 3.9%/yr #6/6 | 4.4% #3/6 | 0.526 #3/6 |
| Egypt Lake-Leto, FL | 35,150 | $54,729 | 4.9%/yr | 6.9% | 0.532 |
| Lake Magdalene, FL | 31,109 | $76,402 | 4.6%/yr | 3.3% | 0.524 |
| Northdale, FL | 24,991 | $100,830 | 5.1%/yr | 3.6% | 0.509 |
| Citrus Park, FL | 27,910 | $87,436 | 4.9%/yr | 5.0% | 0.545 |
| Town 'n' Country, FL | 84,768 | $72,958 | 4.6%/yr | 4.8% | 0.536 |
Conclusion
Considering all these factors, Carrollwood, Florida has an overall wealth index grade of B, making it somewhat better than Florida, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Carrollwood, Florida.
How Rich Is Carrollwood, Florida?
Carrollwood has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $84,172, about 13% higher than the Florida average of $74,580.
Are incomes growing in Carrollwood, Florida?
Between 2009 and 2024, the median household income in Carrollwood, Florida rose 48%, from $56,747 to $84,172. Over the same years, income here lagged behind Florida as a whole: +48% against +57%.
What was the median household income in Carrollwood in 2023?
In 2023, the median household income in Carrollwood, Florida was $79,533, up 7% from $74,272 in 2022. The Florida median that year was $71,864.
What was the median household income in Carrollwood in 2020?
In 2020, the median household income in Carrollwood, Florida was $62,739. By 2024 it had risen 34% to $84,172.
What is the Gini coefficient in Carrollwood, Florida?
The Gini coefficient in Carrollwood is 0.526. 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 Carrollwood, Florida?
Since 2009, the income gap between men and women in Carrollwood, Florida has narrowed from about 18% to 10% in 2024. Over that period the gap was widest at 23% in 2011. In dollar terms, the gap has narrowed by $2,751 since 2009.
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