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 | East Lake-Orient Park | Florida Avg | US Average |
|---|---|---|---|
| Median Household Income | $55,226 | $71,865 | $78,145 |
| Median Personal Income | $41,822 | $53,537 | $61,726 |
| Average income growth | 5.7% | 5.7% | 5.1% |
| Six-Figure Earners | 4.4% | 10.9% | 13.2% |
The median household income in East Lake-Orient Park is about 23% lower than in Florida. Income has been growing faster in East Lake-Orient Park (5.7%/yr) than in Florida (5.7%/yr).
About 4% of adults in East Lake-Orient Park earn six figures ($100,000 or more) a year, lower than the Florida average of 11%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in East Lake-Orient Park, Florida grew by 47.5% from 2009 to 2023, reaching $55,226 in 2023. That's an average of about 5.7% per year.
Economic Inequality in East Lake-Orient Park | Gender Pay Gap | Gini Coefficient
| Metric | East Lake-Orient Park | Florida Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.522 | 0.566 | 0.570 |
| Male Median Income | $44,547 | $58,426 | $67,746 |
| Female Median Income | $38,437 | $48,893 | $54,793 |
| Gender Pay Gap | 13.7% | 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 East Lake-Orient Park, it is 0.522, 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 16% more than women's income in East Lake-Orient Park, Florida. Over a 35-year career, a 16% wage gap accumulates to roughly $213,850 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in East Lake-Orient Park, Florida has widened from about 11% to 14% in 2023. In dollar terms, the gap has widened by $2,561 since 2009.
Employment
| Metric | East Lake-Orient Park | Florida Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.6% | 4.8% | 5.2% |
| Working from Home | 17.7% | 13.9% | 13.4% |
| Commute time (minutes) | 23 | 23 | 22 |
Approximately 1,026 people are unemployed in East Lake-Orient Park, Florida.
The average commute time in East Lake-Orient Park is 23 minutes, about the same as in Florida.
Unemployment Rate Over Time
Since 2011, the unemployment rate in East Lake-Orient Park, Florida has fallen from 14.8% to 6.6% in 2023.
Conclusion
Considering all these factors, East Lake-Orient Park, Florida has an overall wealth index grade of D, making it somewhat worse than Florida, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in East Lake-Orient Park, Florida.
How Wealthy Is East Lake-Orient Park, Florida?
East Lake-Orient Park 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 $55,226, about 23% lower than the Florida average of $71,865.
What is the current median household income in East Lake-Orient Park, Florida?
As of 2023, the median household income in East Lake-Orient Park, Florida is $55,226.
What was the median household income in East Lake-Orient Park in 2023?
In 2023, the median household income in East Lake-Orient Park, Florida was $55,226.
What was the median household income in East Lake-Orient Park in 2020?
In 2020, the median household income in East Lake-Orient Park, Florida was $40,962.
What is the Gini coefficient in East Lake-Orient Park, Florida?
The Gini coefficient in East Lake-Orient Park is 0.522. 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 East Lake-Orient Park, Florida?
Since 2009, the income gap between men and women in East Lake-Orient Park, Florida has widened from about 11% to 14% in 2023. In dollar terms, the gap has widened by $2,561 since 2009.