Hillsborough County, Florida Income Statistics
Hillsborough 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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C
Hillsborough County Below averageWealthier than 79% of counties in Florida
Source: Map AI Methodology
Income Statistics Overview
| Metric | Hillsborough County | Florida Avg | US Average |
|---|---|---|---|
| Median Household Income | $79,532 | $74,580 | $80,455 |
| Median Personal Income | $55,609 | $52,322 | $60,758 |
| Average Yearly Income Growth | 5.4% | 5.4% | 4.8% |
| Six-Figure Earners | 13.3% | 11.6% | 13.9% |
| $200k+ Households | 12.9% | 11.0% | 13.2% |
The median household income in Hillsborough County is about 7% higher than in Florida. Income has been growing faster in Hillsborough County (5.4%/yr) than in Florida (5.4%/yr).
About 13% of adults in Hillsborough County earn six figures ($100,000 or more) a year, higher than the Florida average of 12%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Hillsborough County, Florida grew by 59.9% from 2009 to 2024, reaching $79,532 in 2024. That's an average of about 5.4% per year.
Income Inequality and the Gender Pay Gap in Hillsborough County
| Metric | Hillsborough County | Florida Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.551 | 0.551 | 0.552 |
| Male Median Income | $64,862 | $60,595 | $69,667 |
| Female Median Income | $54,164 | $50,762 | $56,850 |
| Gender Pay Gap | 16.5% | 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 Hillsborough County, it is 0.551, about the same as Florida's 0.551, so income here is about as evenly distributed as there, and about the same as the US's 0.552, so income here is about as evenly distributed as there.
Men's income is about 20% more than women's income in Hillsborough County, Florida. Over a 35-year career, a 20% wage gap accumulates to roughly $374,430 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Hillsborough County, Florida has narrowed from about 17% to 16% in 2024. Over that period the gap was widest at 19% in 2011, and was narrowest at 15% in 2020. In dollar terms, the gap has widened by $3,190 since 2009.
Employment
| Metric | Hillsborough County | Florida Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.5% | 4.8% | 5.2% |
| Working from Home | 20.7% | 15.7% | 15.0% |
| Commute time (minutes) | 26 | 23 | 22 |
Approximately 36,206 people are unemployed in Hillsborough County, Florida.
The average commute time in Hillsborough County is 26 minutes, longer than the 23 minutes in Florida.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Hillsborough County, Florida has fallen from 9.8% to 4.5% in 2024. Over that period the rate peaked at 10.9% in 2013.
Hillsborough County, FL Wealth Compared With Nearby Counties
Hillsborough County, FL is the largest of the 6 counties compared here, 1,519,188 residents against a local median of 611,333. Nothing separates Hillsborough County, FL sharply from the counties around it. Each measure below lands within 15% of the local median, close enough that the differences are within what survey sampling alone would produce.
The largest of those small differences is median household income, 12% above the local median at $79,532 against $70,925. Hillsborough County, FL has the highest median household income 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. |
|---|---|---|---|---|---|
| Hillsborough County, FL | 1,519,188 | $79,532 #1/6 | 5.4%/yr #5/6 | 4.5% #2/6 | 0.551 #6/6 |
| Manatee County, FL | 429,651 | $78,967 | 5.5%/yr | 4.6% | 0.533 |
| Pinellas County, FL | 961,969 | $72,705 | 5.5%/yr | 4.4% | 0.526 |
| Pasco County, FL | 611,333 | $70,925 | 5.5%/yr | 4.9% | 0.540 |
| Polk County, FL | 790,685 | $66,901 | 5.3%/yr | 4.8% | 0.543 |
| Hernando County, FL | 207,007 | $66,909 | 5.9%/yr | 5.3% | 0.522 |
Conclusion
Considering all these factors, Hillsborough County, Florida has an overall wealth index grade of C, making it somewhat better than Florida, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Hillsborough County, Florida.
How Rich Is Hillsborough County, Florida?
Hillsborough County has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $79,532, about 7% higher than the Florida average of $74,580.
Are incomes growing in Hillsborough County, Florida?
Between 2009 and 2024, the median household income in Hillsborough County, Florida rose 60%, from $49,734 to $79,532. Over the same years, income here outpaced Florida as a whole: +60% against +57%.
What was the median household income in Hillsborough County in 2023?
In 2023, the median household income in Hillsborough County, Florida was $74,908, up 5% from $71,074 in 2022. The Florida median that year was $71,864.
What was the median household income in Hillsborough County in 2020?
In 2020, the median household income in Hillsborough County, Florida was $60,533. By 2024 it had risen 31% to $79,532.
What is the Gini coefficient in Hillsborough County, Florida?
The Gini coefficient in Hillsborough County is 0.551. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is almost the same as the US average of 0.552, so income is distributed about as equally as in the country overall.
How has the income gap between men and women changed in Hillsborough County, Florida?
Since 2009, the income gap between men and women in Hillsborough County, Florida has narrowed from about 17% to 16% in 2024. Over that period the gap was widest at 19% in 2011, and was narrowest at 15% in 2020. In dollar terms, the gap has widened by $3,190 since 2009.
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