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 | Flagler County | Florida Avg | US Average |
|---|---|---|---|
| Median Household Income | $73,269 | $71,865 | $78,145 |
| Median Personal Income | $54,407 | $53,537 | $61,726 |
| Average income growth | 6.0% | 5.7% | 5.1% |
| Six-Figure Earners | 10.3% | 10.9% | 13.2% |
The median household income in Flagler County is about 2% higher than in Florida. Income has been growing faster in Flagler County (6.0%/yr) than in Florida (5.7%/yr).
About 10% of adults in Flagler 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 Flagler County, Florida grew by 53.3% from 2009 to 2023, reaching $73,269 in 2023. That's an average of about 6.0% per year.
Economic Inequality in Flagler County | Gender Pay Gap | Gini Coefficient
| Metric | Flagler County | Florida Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.551 | 0.566 | 0.570 |
| Male Median Income | $58,915 | $58,426 | $67,746 |
| Female Median Income | $50,647 | $48,893 | $54,793 |
| Gender Pay Gap | 14.0% | 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 Flagler County, it is 0.551, 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 Flagler County, Florida. Over a 35-year career, a 16% wage gap accumulates to roughly $289,380 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Flagler County, Florida has narrowed from about 21% to 14% in 2023. In dollar terms, the gap has narrowed by $438 since 2009.
Employment
| Metric | Flagler County | Florida Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.6% | 4.8% | 5.2% |
| Working from Home | 16.2% | 13.9% | 13.4% |
| Commute time (minutes) | 22 | 23 | 22 |
Approximately 1,891 people are unemployed in Flagler County, Florida.
The average commute time in Flagler County is 22 minutes, shorter than the 23 minutes in Florida.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Flagler County, Florida has fallen from 10.3% to 3.6% in 2023.
Conclusion
Considering all these factors, Flagler 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 Flagler County, Florida.
How Rich Is Flagler County, Florida?
Flagler 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 $73,269, about 2% higher than the Florida average of $71,865.
What is the current median household income in Flagler County, Florida?
As of 2023, the median household income in Flagler County, Florida is $73,269.
What was the median household income in Flagler County in 2023?
In 2023, the median household income in Flagler County, Florida was $73,269.
What was the median household income in Flagler County in 2020?
In 2020, the median household income in Flagler County, Florida was $57,751.
What is the Gini coefficient in Flagler County, Florida?
The Gini coefficient in Flagler County is 0.551. 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 Flagler County, Florida?
Since 2009, the income gap between men and women in Flagler County, Florida has narrowed from about 21% to 14% in 2023. In dollar terms, the gap has narrowed by $438 since 2009.