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 | Dunedin | Florida Avg | US Average |
|---|---|---|---|
| Median Household Income | $69,611 | $71,865 | $78,145 |
| Median Personal Income | $64,171 | $53,537 | $61,726 |
| Average income growth | 6.6% | 5.7% | 5.1% |
| Six-Figure Earners | 11.4% | 10.9% | 13.2% |
The median household income in Dunedin is about 3% lower than in Florida. Income has been growing faster in Dunedin (6.6%/yr) than in Florida (5.7%/yr).
About 11% of adults in Dunedin earn six figures ($100,000 or more) a year, higher than the Florida average of 11%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Dunedin, Florida grew by 62.9% from 2009 to 2023, reaching $69,611 in 2023. That's an average of about 6.6% per year.
Economic Inequality in Dunedin | Gender Pay Gap | Gini Coefficient
| Metric | Dunedin | Florida Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.524 | 0.566 | 0.570 |
| Male Median Income | $68,060 | $58,426 | $67,746 |
| Female Median Income | $60,433 | $48,893 | $54,793 |
| Gender Pay Gap | 11.2% | 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 Dunedin, it is 0.524, 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 13% more than women's income in Dunedin, Florida. Over a 35-year career, a 13% wage gap accumulates to roughly $266,945 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Dunedin, Florida has narrowed from about 20% to 11% in 2023. In dollar terms, the gap has narrowed by $1,106 since 2009.
Employment
| Metric | Dunedin | Florida Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.1% | 4.8% | 5.2% |
| Working from Home | 22.9% | 13.9% | 13.4% |
| Commute time (minutes) | 21 | 23 | 22 |
Approximately 902 people are unemployed in Dunedin, Florida.
The average commute time in Dunedin is 21 minutes, shorter than the 23 minutes in Florida.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Dunedin, Florida has fallen from 8.6% to 5.1% in 2023.
Conclusion
Considering all these factors, Dunedin, Florida has an overall wealth index grade of C, making it somewhat better than Florida, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Dunedin, Florida.
How Rich Is Dunedin, Florida?
Dunedin 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 $69,611, about 3% lower than the Florida average of $71,865.
What is the current median household income in Dunedin, Florida?
As of 2023, the median household income in Dunedin, Florida is $69,611.
What was the median household income in Dunedin in 2023?
In 2023, the median household income in Dunedin, Florida was $69,611.
What was the median household income in Dunedin in 2020?
In 2020, the median household income in Dunedin, Florida was $52,128.
What is the Gini coefficient in Dunedin, Florida?
The Gini coefficient in Dunedin 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 0.570, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Dunedin, Florida?
Since 2009, the income gap between men and women in Dunedin, Florida has narrowed from about 20% to 11% in 2023. In dollar terms, the gap has narrowed by $1,106 since 2009.