Hernando County, Florida Income Statistics
Hernando County Wealth Score
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.
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D
Hernando County Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Hernando County | Florida Avg | US Average |
|---|---|---|---|
| Median Household Income | $66,909 | $74,580 | $80,455 |
| Median Personal Income | $49,127 | $52,322 | $60,758 |
| Average Yearly Income Growth | 5.9% | 5.4% | 4.8% |
| Six-Figure Earners | 6.5% | 11.6% | 13.9% |
| $200k+ Households | 5.6% | 11.0% | 13.2% |
The median household income in Hernando County is about 10% lower than in Florida. Income has been growing faster in Hernando County (5.9%/yr) than in Florida (5.4%/yr).
About 6% of adults in Hernando County earn six figures ($100,000 or more) a year, lower than the Florida average of 12%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Hernando County, Florida grew by 57.5% from 2009 to 2024, reaching $66,909 in 2024. That's an average of about 5.9% per year.
Income Inequality and the Gender Pay Gap in Hernando County
| Metric | Hernando County | Florida Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.522 | 0.551 | 0.552 |
| Male Median Income | $56,575 | $60,595 | $69,667 |
| Female Median Income | $47,307 | $50,762 | $56,850 |
| Gender Pay Gap | 16.4% | 16.2% | 18.4% |
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 Hernando County, it is 0.522, lower than Florida's 0.551, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 20% more than women's income in Hernando County, Florida. Over a 35-year career, a 20% wage gap accumulates to roughly $324,380 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Hernando County, Florida has narrowed from about 23% to 16% in 2024. Over that period the gap was narrowest at 13% in 2017. In dollar terms, the gap has narrowed by $281 since 2009.
Employment
| Metric | Hernando County | Florida Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.3% | 4.8% | 5.2% |
| Working from Home | 14.4% | 15.7% | 15.0% |
| Commute time (minutes) | 25 | 23 | 22 |
Approximately 4,764 people are unemployed in Hernando County, Florida.
The average commute time in Hernando County is 25 minutes, longer than the 23 minutes in Florida.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Hernando County, Florida has fallen from 14.2% to 5.3% in 2024. Over that period the rate peaked at 17.2% in 2013.
Hernando County, FL Wealth Compared With Nearby Counties
Hernando County, FL is the 4th largest of the 6 counties compared here, 207,007 residents against a local median of 611,333. There is no headline here. Every measure below sits within 15% of the median across the nearest counties, which makes Hernando County, FL an unremarkable member of its own neighbourhood rather than an outlier in it.
The largest of those small differences is income growth, 9% above the local median at 5.9%/yr against 5.4%/yr. Hernando County, FL has the highest income growth of the 6 areas compared here.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Hernando County, FL | 207,007 | $66,909 #5/6 | 5.9%/yr #1/6 | 5.3% #4/6 | 0.522 #2/6 |
| Pasco County, FL | 611,333 | $70,925 | 5.5%/yr | 4.9% | 0.540 |
| Citrus County, FL | 162,471 | $56,112 | 4.6%/yr | 6.3% | 0.543 |
| Sumter County, FL | 143,408 | $76,563 | 4.9%/yr | 5.4% | 0.516 |
| Hillsborough County, FL | 1,519,188 | $79,532 | 5.4%/yr | 4.5% | 0.551 |
| Pinellas County, FL | 961,969 | $72,705 | 5.5%/yr | 4.4% | 0.526 |
Conclusion
Considering all these factors, Hernando County, Florida has an overall wealth index grade of D, making it about on par with Florida, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Hernando County, Florida.
How Rich Is Hernando County, Florida?
Hernando 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 $66,909, about 10% lower than the Florida average of $74,580.
Are incomes growing in Hernando County, Florida?
Between 2009 and 2024, the median household income in Hernando County, Florida rose 58%, from $42,481 to $66,909. Over the same years, income here kept pace with Florida as a whole: +58% against +57%.
What was the median household income in Hernando County in 2023?
In 2023, the median household income in Hernando County, Florida was $64,063, up 8% from $59,161 in 2022. The Florida median that year was $71,864.
What was the median household income in Hernando County in 2020?
In 2020, the median household income in Hernando County, Florida was $50,324. By 2024 it had risen 33% to $66,909.
What is the Gini coefficient in Hernando County, Florida?
The Gini coefficient in Hernando County is 0.522. 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 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Hernando County, Florida?
Since 2009, the income gap between men and women in Hernando County, Florida has narrowed from about 23% to 16% in 2024. Over that period the gap was narrowest at 13% in 2017. In dollar terms, the gap has narrowed by $281 since 2009.
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