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 | Haines City | Florida Avg | US Average |
|---|---|---|---|
| Median Household Income | $56,780 | $71,865 | $78,145 |
| Median Personal Income | $41,484 | $53,537 | $61,726 |
| Average income growth | 9.2% | 5.7% | 5.1% |
| Six-Figure Earners | 4.7% | 10.9% | 13.2% |
The median household income in Haines City is about 21% lower than in Florida. Income has been growing faster in Haines City (9.2%/yr) than in Florida (5.7%/yr).
About 5% of adults in Haines City 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 Haines City, Florida grew by 67.6% from 2009 to 2023, reaching $56,780 in 2023. That's an average of about 9.2% per year.
Economic Inequality in Haines City | Gender Pay Gap | Gini Coefficient
| Metric | Haines City | Florida Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.553 | 0.566 | 0.570 |
| Male Median Income | $43,682 | $58,426 | $67,746 |
| Female Median Income | $38,416 | $48,893 | $54,793 |
| Gender Pay Gap | 12.1% | 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 Haines City, it is 0.553, 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 14% more than women's income in Haines City, Florida. Over a 35-year career, a 14% wage gap accumulates to roughly $184,310 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Haines City, Florida has widened from about 10% to 12% in 2023. In dollar terms, the gap has widened by $2,576 since 2009.
Employment
| Metric | Haines City | Florida Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.3% | 4.8% | 5.2% |
| Working from Home | 9.9% | 13.9% | 13.4% |
| Commute time (minutes) | 33 | 23 | 22 |
Approximately 524 people are unemployed in Haines City, Florida.
The average commute time in Haines City is 33 minutes, longer than the 23 minutes in Florida.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Haines City, Florida has fallen from 13.3% to 4.3% in 2023.
Conclusion
Considering all these factors, Haines City, 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 Haines City, Florida.
How Rich Is Haines City, Florida?
Haines City 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 $56,780, about 21% lower than the Florida average of $71,865.
What is the current median household income in Haines City, Florida?
As of 2023, the median household income in Haines City, Florida is $56,780.
What was the median household income in Haines City in 2023?
In 2023, the median household income in Haines City, Florida was $56,780.
What was the median household income in Haines City in 2020?
In 2020, the median household income in Haines City, Florida was $45,184.
What is the Gini coefficient in Haines City, Florida?
The Gini coefficient in Haines City is 0.553. 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 Haines City, Florida?
Since 2009, the income gap between men and women in Haines City, Florida has widened from about 10% to 12% in 2023. In dollar terms, the gap has widened by $2,576 since 2009.