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 | Dania Beach | Florida Avg | US Average |
|---|---|---|---|
| Median Household Income | $58,274 | $71,865 | $78,145 |
| Median Personal Income | $58,274 | $71,865 | $78,145 |
| Average income growth | 3.1% | 3.1% | 3.1% |
The median household income in Dania Beach is about 19% lower than in Florida. Income has been growing slower in Dania Beach (3.1%/yr) than in Florida (5.7%/yr).
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Dania Beach, Florida grew by 22.3% from 2009 to 2023, reaching $58,274 in 2023. That's an average of about 1.6% per year.
Economic Inequality in Dania Beach | Gender Pay Gap | Gini Coefficient
| Metric | Dania Beach | Florida Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.550 | 0.566 | 0.570 |
| Male Median Income | $58,077 | $58,426 | $67,746 |
| Female Median Income | $48,880 | $48,893 | $54,793 |
| Gender Pay Gap | 15.8% | 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 Dania Beach, it is 0.550, 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 19% more than women's income in Dania Beach, Florida.
Income by Sex Over Time
Since 2009, the income gap between men and women in Dania Beach, Florida has widened from about 15% to 16% in 2023.
Employment
| Metric | Dania Beach | Florida Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 7.6% | 4.8% | 5.2% |
| Working from Home | 12.5% | 13.9% | 13.4% |
| Commute time (minutes) | 23 | 23 | 22 |
The average commute time in Dania Beach is 23 minutes, about the same as in Florida.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Dania Beach, Florida has fallen from 11.4% to 7.6% in 2023.
Conclusion
Considering all these factors, Dania Beach, Florida has an overall wealth index grade of C, making it about on par with Florida, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Dania Beach, Florida.
How Rich Is Dania Beach, Florida?
Dania Beach 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 $58,274, about 19% lower than the Florida average of $71,865.
What is the current median household income in Dania Beach, Florida?
As of 2023, the median household income in Dania Beach, Florida is $58,274.
What was the median household income in Dania Beach in 2023?
In 2023, the median household income in Dania Beach, Florida was $58,274.
What was the median household income in Dania Beach in 2020?
In 2020, the median household income in Dania Beach, Florida was $50,533.
What is the Gini coefficient in Dania Beach, Florida?
The Gini coefficient in Dania Beach is 0.550. 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 Dania Beach, Florida?
Since 2009, the income gap between men and women in Dania Beach, Florida has widened from about 15% to 16% in 2023.