Charlotte County, Florida Income Statistics
Charlotte County Wealth Score
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.
-
D
Charlotte County Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Charlotte County | Florida Avg | US Average |
|---|---|---|---|
| Median Household Income | $69,727 | $74,580 | $80,455 |
| Median Personal Income | $51,983 | $52,322 | $60,758 |
| Average Yearly Income Growth | 5.7% | 5.4% | 4.8% |
| Six-Figure Earners | 9.9% | 11.6% | 13.9% |
| $200k+ Households | 7.4% | 11.0% | 13.2% |
The median household income in Charlotte County is about 7% lower than in Florida. Income has been growing faster in Charlotte County (5.7%/yr) than in Florida (5.4%/yr).
About 10% of adults in Charlotte County 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 Charlotte County, Florida grew by 56.3% from 2009 to 2024, reaching $69,727 in 2024. That's an average of about 5.7% per year.
Income Inequality and the Gender Pay Gap in Charlotte County
| Metric | Charlotte County | Florida Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.524 | 0.551 | 0.552 |
| Male Median Income | $62,563 | $60,595 | $69,667 |
| Female Median Income | $50,707 | $50,762 | $56,850 |
| Gender Pay Gap | 18.9% | 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 Charlotte County, it is 0.524, 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 23% more than women's income in Charlotte County, Florida. Over a 35-year career, a 23% wage gap accumulates to roughly $414,960 in unearned income for female workers in the area.
Income by Sex Over Time
The income gap between men and women in Charlotte County, Florida has stayed about the same since 2009, at around 19%. Over that period the gap was widest at 24% in 2013, and was narrowest at 11% in 2018. In dollar terms, the gap has widened by $3,813 since 2009.
Employment
| Metric | Charlotte County | Florida Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.4% | 4.8% | 5.2% |
| Working from Home | 16.2% | 15.7% | 15.0% |
| Commute time (minutes) | 21 | 23 | 22 |
Approximately 4,191 people are unemployed in Charlotte County, Florida.
The average commute time in Charlotte County is 21 minutes, shorter than the 23 minutes in Florida.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Charlotte County, Florida has fallen from 13.0% to 5.4% in 2024. Over that period the rate peaked at 13.7% in 2013.
Charlotte County, FL Wealth Compared With Nearby Counties
Charlotte County, FL is the 4th largest of the 6 counties compared here, 201,064 residents against a local median of 429,651. Charlotte County, FL's unemployment, at 5.4%, runs 18% above the 4.6% typical of the counties around it. That is the weaker end of the local range on this measure.
The counties themselves spread 5.8% on unemployment, so Charlotte County, FL sits at one end of an already wide local range rather than apart from it. Charlotte County, FL has the 4th lowest unemployment 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. |
|---|---|---|---|---|---|
| Charlotte County, FL | 201,064 | $69,727 #4/6 | 5.7%/yr #3/6 | 5.4% #4/6 | 0.524 #2/6 |
| Lee County, FL | 815,257 | $76,097 | 5.3%/yr | 4.0% | 0.535 |
| DeSoto County, FL | 35,386 | $53,666 | 5.4%/yr | 9.5% | 0.562 |
| Sarasota County, FL | 459,530 | $83,523 | 5.8%/yr | 3.7% | 0.515 |
| Hardee County, FL | 25,673 | $61,052 | 6.8%/yr | 5.9% | 0.591 |
| Manatee County, FL | 429,651 | $78,967 | 5.5%/yr | 4.6% | 0.533 |
Conclusion
Considering all these factors, Charlotte County, Florida has an overall wealth index grade of D, making it about on par with Florida, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Charlotte County, Florida.
How Rich Is Charlotte County, Florida?
Charlotte County 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 $69,727, about 7% lower than the Florida average of $74,580.
How has median household income changed in Charlotte County, Florida?
Between 2009 and 2024, the median household income in Charlotte County, Florida rose 56%, from $44,613 to $69,727. Over the same years, income here kept pace with Florida as a whole: +56% against +57%.
What was the median household income in Charlotte County in 2023?
In 2023, the median household income in Charlotte County, Florida was $66,048, up 7% from $61,940 in 2022. The Florida median that year was $71,864.
What was the median household income in Charlotte County in 2020?
In 2020, the median household income in Charlotte County, Florida was $52,820. By 2024 it had risen 32% to $69,727.
What is the Gini coefficient in Charlotte County, Florida?
The Gini coefficient in Charlotte County is 0.524. 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 Charlotte County, Florida?
The income gap between men and women in Charlotte County, Florida has stayed about the same since 2009, at around 19%. Over that period the gap was widest at 24% in 2013, and was narrowest at 11% in 2018. In dollar terms, the gap has widened by $3,813 since 2009.
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