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 | Fleming Island | Florida Avg | US Average |
|---|---|---|---|
| Median Household Income | $119,369 | $71,865 | $78,145 |
| Median Personal Income | $82,941 | $53,537 | $61,726 |
| Average income growth | 4.9% | 5.7% | 5.1% |
| Six-Figure Earners | 20.8% | 10.9% | 13.2% |
The median household income in Fleming Island is about 66% higher than in Florida. Income has been growing slower in Fleming Island (4.9%/yr) than in Florida (5.7%/yr).
About 21% of adults in Fleming Island 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 Fleming Island, Florida grew by 43.4% from 2009 to 2023, reaching $119,369 in 2023. That's an average of about 4.9% per year.
Economic Inequality in Fleming Island | Gender Pay Gap | Gini Coefficient
| Metric | Fleming Island | Florida Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.548 | 0.566 | 0.570 |
| Male Median Income | $91,653 | $58,426 | $67,746 |
| Female Median Income | $71,550 | $48,893 | $54,793 |
| Gender Pay Gap | 21.9% | 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 Fleming Island, it is 0.548, 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 28% more than women's income in Fleming Island, Florida. Over a 35-year career, a 28% wage gap accumulates to roughly $703,605 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Fleming Island, Florida has narrowed from about 32% to 22% in 2023. In dollar terms, the gap has narrowed by $1,461 since 2009.
Employment
| Metric | Fleming Island | Florida Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 1.8% | 4.8% | 5.2% |
| Working from Home | 18.9% | 13.9% | 13.4% |
| Commute time (minutes) | 28 | 23 | 22 |
Approximately 255 people are unemployed in Fleming Island, Florida.
The average commute time in Fleming Island is 28 minutes, longer than the 23 minutes in Florida.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Fleming Island, Florida has fallen from 7.7% to 1.8% in 2023.
Conclusion
Considering all these factors, Fleming Island, Florida has an overall wealth index grade of B, making it notably better than Florida, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Fleming Island, Florida.
How Rich Is Fleming Island, Florida?
Fleming Island has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $119,369, about 66% higher than the Florida average of $71,865.
What is the current median household income in Fleming Island, Florida?
As of 2023, the median household income in Fleming Island, Florida is $119,369.
What was the median household income in Fleming Island in 2023?
In 2023, the median household income in Fleming Island, Florida was $119,369.
What was the median household income in Fleming Island in 2020?
In 2020, the median household income in Fleming Island, Florida was $100,283.
What is the Gini coefficient in Fleming Island, Florida?
The Gini coefficient in Fleming Island is 0.548. 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 Fleming Island, Florida?
Since 2009, the income gap between men and women in Fleming Island, Florida has narrowed from about 32% to 22% in 2023. In dollar terms, the gap has narrowed by $1,461 since 2009.