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 | Fort Pierce | Florida Avg | US Average |
|---|---|---|---|
| Median Household Income | $44,330 | $71,865 | $78,145 |
| Median Personal Income | $40,871 | $53,537 | $61,726 |
| Average income growth | 8.4% | 5.7% | 5.1% |
| Six-Figure Earners | 3.6% | 10.9% | 13.2% |
The median household income in Fort Pierce is about 38% lower than in Florida. Income has been growing faster in Fort Pierce (8.4%/yr) than in Florida (5.7%/yr).
About 4% of adults in Fort Pierce 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 Fort Pierce, Florida grew by 34.9% from 2009 to 2023, reaching $44,330 in 2023. That's an average of about 8.4% per year.
Economic Inequality in Fort Pierce | Gender Pay Gap | Gini Coefficient
| Metric | Fort Pierce | Florida Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.562 | 0.566 | 0.570 |
| Male Median Income | $44,213 | $58,426 | $67,746 |
| Female Median Income | $36,648 | $48,893 | $54,793 |
| Gender Pay Gap | 17.1% | 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 Fort Pierce, it is 0.562, about the same as Florida's 0.566, so income here is about as evenly distributed as there, and lower than the US's 0.570, so income is more evenly distributed here than there.
Men's income is about 21% more than women's income in Fort Pierce, Florida. Over a 35-year career, a 21% wage gap accumulates to roughly $264,775 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Fort Pierce, Florida has widened from about 7% to 17% in 2023. In dollar terms, the gap has widened by $5,580 since 2009.
Employment
| Metric | Fort Pierce | Florida Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 9.9% | 4.8% | 5.2% |
| Working from Home | 7.8% | 13.9% | 13.4% |
| Commute time (minutes) | 21 | 23 | 22 |
Approximately 1,897 people are unemployed in Fort Pierce, Florida.
The average commute time in Fort Pierce is 21 minutes, shorter than the 23 minutes in Florida.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Fort Pierce, Florida has fallen from 18.0% to 9.9% in 2023.
Conclusion
Considering all these factors, Fort Pierce, Florida has an overall wealth index grade of D, making it somewhat worse than Florida, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Fort Pierce, Florida.
How Rich Is Fort Pierce, Florida?
Fort Pierce has a wealth index grade of D. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a D grade means residents are somewhat worse off than the U.S. average. The median household income is $44,330, about 38% lower than the Florida average of $71,865.
What is the current median household income in Fort Pierce, Florida?
As of 2023, the median household income in Fort Pierce, Florida is $44,330.
What was the median household income in Fort Pierce in 2023?
In 2023, the median household income in Fort Pierce, Florida was $44,330.
What was the median household income in Fort Pierce in 2020?
In 2020, the median household income in Fort Pierce, Florida was $37,230.
What is the Gini coefficient in Fort Pierce, Florida?
The Gini coefficient in Fort Pierce is 0.562. 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 Fort Pierce, Florida?
Since 2009, the income gap between men and women in Fort Pierce, Florida has widened from about 7% to 17% in 2023. In dollar terms, the gap has widened by $5,580 since 2009.