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 | Fish Hawk | Florida Avg | US Average |
|---|---|---|---|
| Median Household Income | $122,967 | $71,865 | $78,145 |
| Median Personal Income | $93,009 | $53,537 | $61,726 |
| Average income growth | 2.1% | 5.7% | 5.1% |
| Six-Figure Earners | 24.4% | 10.9% | 13.2% |
The median household income in Fish Hawk is about 71% higher than in Florida. Income has been growing slower in Fish Hawk (2.1%/yr) than in Florida (5.7%/yr).
About 24% of adults in Fish Hawk 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 Fish Hawk, Florida grew by 29.1% from 2009 to 2023, reaching $122,967 in 2023. That's an average of about 2.1% per year.
Economic Inequality in Fish Hawk | Gender Pay Gap | Gini Coefficient
| Metric | Fish Hawk | Florida Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.577 | 0.566 | 0.570 |
| Male Median Income | $112,953 | $58,426 | $67,746 |
| Female Median Income | $60,547 | $48,893 | $54,793 |
| Gender Pay Gap | 46.4% | 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 Fish Hawk, it is 0.577, higher than Florida's 0.566, so income is less evenly distributed here than there, and higher than the US's 0.570, so income is less evenly distributed here than there.
Men's income is about 87% more than women's income in Fish Hawk, Florida. Over a 35-year career, a 87% wage gap accumulates to roughly $1,834,210 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Fish Hawk, Florida has widened from about 40% to 46% in 2023. In dollar terms, the gap has widened by $19,870 since 2009.
Employment
| Metric | Fish Hawk | Florida Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.0% | 4.8% | 5.2% |
| Working from Home | 25.0% | 13.9% | 13.4% |
| Commute time (minutes) | 37 | 23 | 22 |
Approximately 392 people are unemployed in Fish Hawk, Florida.
The average commute time in Fish Hawk is 37 minutes, longer than the 23 minutes in Florida.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Fish Hawk, Florida has fallen from 5.6% to 4.0% in 2023.
Conclusion
Considering all these factors, Fish Hawk, Florida has an overall wealth index grade of A+, making it far better than Florida, and far better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Fish Hawk, Florida.
How Rich Is Fish Hawk, Florida?
Fish Hawk has a wealth index grade of A+. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; an A+ grade means it is one of the most prosperous areas in the country. The median household income is $122,967, about 71% higher than the Florida average of $71,865.
What is the current median household income in Fish Hawk, Florida?
As of 2023, the median household income in Fish Hawk, Florida is $122,967.
What was the median household income in Fish Hawk in 2023?
In 2023, the median household income in Fish Hawk, Florida was $122,967.
What was the median household income in Fish Hawk in 2020?
In 2020, the median household income in Fish Hawk, Florida was $106,428.
What is the Gini coefficient in Fish Hawk, Florida?
The Gini coefficient in Fish Hawk is 0.577. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is higher than the US average of 0.570, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in Fish Hawk, Florida?
Since 2009, the income gap between men and women in Fish Hawk, Florida has widened from about 40% to 46% in 2023. In dollar terms, the gap has widened by $19,870 since 2009.