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 | Escambia County | Florida Avg | US Average |
|---|---|---|---|
| Median Household Income | $66,305 | $71,865 | $78,145 |
| Median Personal Income | $51,095 | $53,537 | $61,726 |
| Average income growth | 5.4% | 5.7% | 5.1% |
| Six-Figure Earners | 9.1% | 10.9% | 13.2% |
The median household income in Escambia County is about 8% lower than in Florida. Income has been growing slower in Escambia County (5.4%/yr) than in Florida (5.7%/yr).
About 9% of adults in Escambia County 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 Escambia County, Florida grew by 53.3% from 2009 to 2023, reaching $66,305 in 2023. That's an average of about 5.4% per year.
Economic Inequality in Escambia County | Gender Pay Gap | Gini Coefficient
| Metric | Escambia County | Florida Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.542 | 0.566 | 0.570 |
| Male Median Income | $55,879 | $58,426 | $67,746 |
| Female Median Income | $47,184 | $48,893 | $54,793 |
| Gender Pay Gap | 15.6% | 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 Escambia County, it is 0.542, 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 18% more than women's income in Escambia County, Florida. Over a 35-year career, a 18% wage gap accumulates to roughly $304,325 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Escambia County, Florida has narrowed from about 21% to 16% in 2023. In dollar terms, the gap has widened by $478 since 2009.
Employment
| Metric | Escambia County | Florida Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.5% | 4.8% | 5.2% |
| Working from Home | 13.2% | 13.9% | 13.4% |
| Commute time (minutes) | 20 | 23 | 22 |
Approximately 8,944 people are unemployed in Escambia County, Florida.
The average commute time in Escambia County is 20 minutes, shorter than the 23 minutes in Florida.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Escambia County, Florida has fallen from 10.2% to 5.5% in 2023.
Conclusion
Considering all these factors, Escambia County, 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 Escambia County, Florida.
How Wealthy Is Escambia County, Florida?
Escambia 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 $66,305, about 8% lower than the Florida average of $71,865.
What is the current median household income in Escambia County, Florida?
As of 2023, the median household income in Escambia County, Florida is $66,305.
What was the median household income in Escambia County in 2023?
In 2023, the median household income in Escambia County, Florida was $66,305.
What was the median household income in Escambia County in 2020?
In 2020, the median household income in Escambia County, Florida was $53,788.
What is the Gini coefficient in Escambia County, Florida?
The Gini coefficient in Escambia County is 0.542. 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 Escambia County, Florida?
Since 2009, the income gap between men and women in Escambia County, Florida has narrowed from about 21% to 16% in 2023. In dollar terms, the gap has widened by $478 since 2009.