Wealth Index
Less wealthy than 80% of counties in Florida
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 | Glades County | Florida Avg | US Average |
|---|---|---|---|
| Median Household Income | $39,283 | $71,865 | $78,145 |
| Median Personal Income | $38,021 | $53,537 | $61,726 |
| Average income growth | 2.1% | 5.7% | 5.1% |
| Six-Figure Earners | 4.9% | 10.9% | 13.2% |
The median household income in Glades County is about 45% lower than in Florida. Income has been growing slower in Glades County (2.1%/yr) than in Florida (5.7%/yr).
About 5% of adults in Glades 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 Glades County, Florida grew by 0.3% from 2009 to 2023, reaching $39,283 in 2023. That's an average of about 2.1% per year.
Economic Inequality in Glades County | Gender Pay Gap | Gini Coefficient
| Metric | Glades County | Florida Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.609 | 0.566 | 0.570 |
| Male Median Income | $38,867 | $58,426 | $67,746 |
| Female Median Income | $36,135 | $48,893 | $54,793 |
| Gender Pay Gap | 7.0% | 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 Glades County, it is 0.609, higher than Florida's 0.566, so income is less evenly distributed here than there, and higher than the US's 0.570, so income is less evenly distributed here than there.
Men's income is about 8% more than women's income in Glades County, Florida. Over a 35-year career, a 8% wage gap accumulates to roughly $95,620 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Glades County, Florida has widened from about -5% to 7% in 2023. In dollar terms, the gap has widened by $4,368 since 2009.
Employment
| Metric | Glades County | Florida Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.2% | 4.8% | 5.2% |
| Working from Home | 4.1% | 13.9% | 13.4% |
| Commute time (minutes) | 23 | 23 | 22 |
Approximately 267 people are unemployed in Glades County, Florida.
The average commute time in Glades County is 23 minutes, about the same as in Florida.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Glades County, Florida has fallen from 10.6% to 6.2% in 2023.
Conclusion
Considering all these factors, Glades County, 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 Glades County, Florida.
How Rich Is Glades County, Florida?
Glades County 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 $39,283, about 45% lower than the Florida average of $71,865.
What is the current median household income in Glades County, Florida?
As of 2023, the median household income in Glades County, Florida is $39,283.
What was the median household income in Glades County in 2023?
In 2023, the median household income in Glades County, Florida was $39,283.
What was the median household income in Glades County in 2020?
In 2020, the median household income in Glades County, Florida was $39,626.
What is the Gini coefficient in Glades County, Florida?
The Gini coefficient in Glades County is 0.609. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is higher than the US average of 0.570, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in Glades County, Florida?
Since 2009, the income gap between men and women in Glades County, Florida has widened from about -5% to 7% in 2023. In dollar terms, the gap has widened by $4,368 since 2009.