Wealth Index
Less wealthy than 92% 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 | Hardee County | Florida Avg | US Average |
|---|---|---|---|
| Median Household Income | $54,373 | $71,865 | $78,145 |
| Median Personal Income | $43,143 | $53,537 | $61,726 |
| Average income growth | 6.1% | 5.7% | 5.1% |
| Six-Figure Earners | 4.1% | 10.9% | 13.2% |
The median household income in Hardee County is about 24% lower than in Florida. Income has been growing faster in Hardee County (6.1%/yr) than in Florida (5.7%/yr).
About 4% of adults in Hardee 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 Hardee County, Florida grew by 38.4% from 2009 to 2023, reaching $54,373 in 2023. That's an average of about 6.1% per year.
Economic Inequality in Hardee County | Gender Pay Gap | Gini Coefficient
| Metric | Hardee County | Florida Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.605 | 0.566 | 0.570 |
| Male Median Income | $47,811 | $58,426 | $67,746 |
| Female Median Income | $40,968 | $48,893 | $54,793 |
| Gender Pay Gap | 14.3% | 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 Hardee County, it is 0.605, 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 17% more than women's income in Hardee County, Florida. Over a 35-year career, a 17% wage gap accumulates to roughly $239,505 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Hardee County, Florida has widened from about 5% to 14% in 2023. In dollar terms, the gap has widened by $5,311 since 2009.
Employment
| Metric | Hardee County | Florida Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.8% | 4.8% | 5.2% |
| Working from Home | 4.0% | 13.9% | 13.4% |
| Commute time (minutes) | 22 | 23 | 22 |
Approximately 696 people are unemployed in Hardee County, Florida.
The average commute time in Hardee County is 22 minutes, shorter than the 23 minutes in Florida.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Hardee County, Florida has fallen from 11.8% to 6.8% in 2023.
Conclusion
Considering all these factors, Hardee 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 Hardee County, Florida.
How Rich Is Hardee County, Florida?
Hardee 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 $54,373, about 24% lower than the Florida average of $71,865.
What is the current median household income in Hardee County, Florida?
As of 2023, the median household income in Hardee County, Florida is $54,373.
What was the median household income in Hardee County in 2023?
In 2023, the median household income in Hardee County, Florida was $54,373.
What was the median household income in Hardee County in 2020?
In 2020, the median household income in Hardee County, Florida was $40,195.
What is the Gini coefficient in Hardee County, Florida?
The Gini coefficient in Hardee County is 0.605. 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 Hardee County, Florida?
Since 2009, the income gap between men and women in Hardee County, Florida has widened from about 5% to 14% in 2023. In dollar terms, the gap has widened by $5,311 since 2009.