Wealth Index
Wealthier than 77% of counties in Florida
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 | Duval County | Florida Avg | US Average |
|---|---|---|---|
| Median Household Income | $68,659 | $71,865 | $78,145 |
| Median Personal Income | $54,224 | $53,537 | $61,726 |
| Average income growth | 4.9% | 5.7% | 5.1% |
| Six-Figure Earners | 10.4% | 10.9% | 13.2% |
The median household income in Duval County is about 4% lower than in Florida. Income has been growing slower in Duval County (4.9%/yr) than in Florida (5.7%/yr).
About 10% of adults in Duval County earn six figures ($100,000 or more) a year, about the same as the Florida average of 11%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Duval County, Florida grew by 40.0% from 2009 to 2023, reaching $68,659 in 2023. That's an average of about 4.9% per year.
Economic Inequality in Duval County | Gender Pay Gap | Gini Coefficient
| Metric | Duval County | Florida Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.544 | 0.566 | 0.570 |
| Male Median Income | $59,119 | $58,426 | $67,746 |
| Female Median Income | $49,331 | $48,893 | $54,793 |
| Gender Pay Gap | 16.6% | 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 Duval County, it is 0.544, 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 20% more than women's income in Duval County, Florida. Over a 35-year career, a 20% wage gap accumulates to roughly $342,580 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Duval County, Florida has narrowed from about 20% to 17% in 2023. In dollar terms, the gap has widened by $1,013 since 2009.
Employment
| Metric | Duval County | Florida Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.4% | 4.8% | 5.2% |
| Working from Home | 13.9% | 13.9% | 13.4% |
| Commute time (minutes) | 22 | 23 | 22 |
Approximately 22,978 people are unemployed in Duval County, Florida.
The average commute time in Duval County is 22 minutes, shorter than the 23 minutes in Florida.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Duval County, Florida has fallen from 9.8% to 4.4% in 2023.
Conclusion
Considering all these factors, Duval County, 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 Duval County, Florida.
How Rich Is Duval County, Florida?
Duval County 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 $68,659, about 4% lower than the Florida average of $71,865.
What is the current median household income in Duval County, Florida?
As of 2023, the median household income in Duval County, Florida is $68,659.
What was the median household income in Duval County in 2023?
In 2023, the median household income in Duval County, Florida was $68,659.
What was the median household income in Duval County in 2020?
In 2020, the median household income in Duval County, Florida was $57,378.
What is the Gini coefficient in Duval County, Florida?
The Gini coefficient in Duval County is 0.544. 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 Duval County, Florida?
Since 2009, the income gap between men and women in Duval County, Florida has narrowed from about 20% to 17% in 2023. In dollar terms, the gap has widened by $1,013 since 2009.