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 | Four Corners | Florida Avg | US Average |
|---|---|---|---|
| Median Household Income | $76,024 | $71,865 | $78,145 |
| Median Personal Income | $47,255 | $53,537 | $61,726 |
| Average income growth | 4.7% | 5.7% | 5.1% |
| Six-Figure Earners | 9.7% | 10.9% | 13.2% |
The median household income in Four Corners is about 6% higher than in Florida. Income has been growing slower in Four Corners (4.7%/yr) than in Florida (5.7%/yr).
About 10% of adults in Four Corners 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 Four Corners, Florida grew by 25.6% from 2009 to 2023, reaching $76,024 in 2023. That's an average of about 4.7% per year.
Economic Inequality in Four Corners | Gender Pay Gap | Gini Coefficient
| Metric | Four Corners | Florida Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.518 | 0.566 | 0.570 |
| Male Median Income | $57,030 | $58,426 | $67,746 |
| Female Median Income | $42,615 | $48,893 | $54,793 |
| Gender Pay Gap | 25.3% | 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 Four Corners, it is 0.518, 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 34% more than women's income in Four Corners, Florida. Over a 35-year career, a 34% wage gap accumulates to roughly $504,525 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Four Corners, Florida has widened from about 23% to 25% in 2023. In dollar terms, the gap has widened by $3,907 since 2009.
Employment
| Metric | Four Corners | Florida Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.4% | 4.8% | 5.2% |
| Working from Home | 17.1% | 13.9% | 13.4% |
| Commute time (minutes) | 28 | 23 | 22 |
Approximately 1,438 people are unemployed in Four Corners, Florida.
The average commute time in Four Corners is 28 minutes, longer than the 23 minutes in Florida.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Four Corners, Florida has fallen from 10.0% to 5.4% in 2023.
Conclusion
Considering all these factors, Four Corners, Florida has an overall wealth index grade of B, making it somewhat better than Florida, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Four Corners, Florida.
How Rich Is Four Corners, Florida?
Four Corners 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 $76,024, about 6% higher than the Florida average of $71,865.
What is the current median household income in Four Corners, Florida?
As of 2023, the median household income in Four Corners, Florida is $76,024.
What was the median household income in Four Corners in 2023?
In 2023, the median household income in Four Corners, Florida was $76,024.
What was the median household income in Four Corners in 2020?
In 2020, the median household income in Four Corners, Florida was $58,984.
What is the Gini coefficient in Four Corners, Florida?
The Gini coefficient in Four Corners is 0.518. 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 Four Corners, Florida?
Since 2009, the income gap between men and women in Four Corners, Florida has widened from about 23% to 25% in 2023. In dollar terms, the gap has widened by $3,907 since 2009.