Florida Ridge, Florida Income Statistics
Florida Ridge Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
-
C
Florida Ridge Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Florida Ridge | Florida Avg | US Average |
|---|---|---|---|
| Median Household Income | $68,447 | $74,580 | $80,455 |
| Median Personal Income | $42,066 | $52,322 | $60,758 |
| Average Yearly Income Growth | 4.9% | 5.4% | 4.8% |
| Six-Figure Earners | 7.7% | 11.6% | 13.9% |
| $200k+ Households | 6.1% | 11.0% | 13.2% |
The median household income in Florida Ridge is about 8% lower than in Florida. Income has been growing slower in Florida Ridge (4.9%/yr) than in Florida (5.4%/yr).
About 8% of adults in Florida Ridge earn six figures ($100,000 or more) a year, lower than the Florida average of 12%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Florida Ridge, Florida grew by 41.3% from 2009 to 2024, reaching $68,447 in 2024. That's an average of about 4.9% per year.
Income Inequality and the Gender Pay Gap in Florida Ridge
| Metric | Florida Ridge | Florida Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.501 | 0.551 | 0.552 |
| Male Median Income | $52,898 | $60,595 | $69,667 |
| Female Median Income | $49,544 | $50,762 | $56,850 |
| Gender Pay Gap | 6.3% | 16.2% | 18.4% |
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 Florida Ridge, it is 0.501, lower than Florida's 0.551, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 7% more than women's income in Florida Ridge, Florida. Over a 35-year career, a 7% wage gap accumulates to roughly $117,390 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Florida Ridge, Florida has narrowed from about 19% to 6% in 2024. Over that period the gap was widest at 22% in 2010, and in 2015 women out-earned men by 6%. In dollar terms, the gap has narrowed by $4,504 since 2009.
Employment
| Metric | Florida Ridge | Florida Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.0% | 4.8% | 5.2% |
| Working from Home | 12.5% | 15.7% | 15.0% |
| Commute time (minutes) | 21 | 23 | 22 |
Approximately 400 people are unemployed in Florida Ridge, Florida.
The average commute time in Florida Ridge is 21 minutes, shorter than the 23 minutes in Florida.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Florida Ridge, Florida has fallen from 12.6% to 4.0% in 2024. Over that period the rate peaked at 15.6% in 2013 and fell as low as 3.3% in 2023.
Florida Ridge, FL Wealth Compared With Nearby Cities
How Florida Ridge, FL compares with the 1 cities closest to it.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Florida Ridge, FL | 21,714 | $68,447 #2/2 | 4.9%/yr #2/2 | 4.0% #2/2 | 0.501 #1/2 |
| Vero Beach South, FL | 23,698 | $73,628 | 5.9%/yr | 2.9% | 0.502 |
Conclusion
Considering all these factors, Florida Ridge, 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 Florida Ridge, Florida.
How Rich Is Florida Ridge, Florida?
Florida Ridge 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 $68,447, about 8% lower than the Florida average of $74,580.
Are incomes growing in Florida Ridge, Florida?
Between 2009 and 2024, the median household income in Florida Ridge, Florida rose 41%, from $48,449 to $68,447. Over the same years, income here lagged behind Florida as a whole: +41% against +57%.
What was the median household income in Florida Ridge in 2023?
In 2023, the median household income in Florida Ridge, Florida was $64,916, up 7% from $60,619 in 2022. The Florida median that year was $71,864.
What was the median household income in Florida Ridge in 2020?
In 2020, the median household income in Florida Ridge, Florida was $50,538. By 2024 it had risen 35% to $68,447.
What is the Gini coefficient in Florida Ridge, Florida?
The Gini coefficient in Florida Ridge is 0.501. 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 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Florida Ridge, Florida?
Since 2009, the income gap between men and women in Florida Ridge, Florida has narrowed from about 19% to 6% in 2024. Over that period the gap was widest at 22% in 2010, and in 2015 women out-earned men by 6%. In dollar terms, the gap has narrowed by $4,504 since 2009.
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