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 | Holiday | Florida Avg | US Average |
|---|---|---|---|
| Median Household Income | $44,196 | $71,865 | $78,145 |
| Median Personal Income | $45,782 | $53,537 | $61,726 |
| Average income growth | 4.3% | 5.7% | 5.1% |
| Six-Figure Earners | 2.4% | 10.9% | 13.2% |
The median household income in Holiday is about 39% lower than in Florida. Income has been growing slower in Holiday (4.3%/yr) than in Florida (5.7%/yr).
About 2% of adults in Holiday 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 Holiday, Florida grew by 27.1% from 2009 to 2023, reaching $44,196 in 2023. That's an average of about 4.3% per year.
Economic Inequality in Holiday | Gender Pay Gap | Gini Coefficient
| Metric | Holiday | Florida Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.481 | 0.566 | 0.570 |
| Male Median Income | $48,450 | $58,426 | $67,746 |
| Female Median Income | $41,689 | $48,893 | $54,793 |
| Gender Pay Gap | 14.0% | 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 Holiday, it is 0.481, 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 16% more than women's income in Holiday, Florida. Over a 35-year career, a 16% wage gap accumulates to roughly $236,635 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Holiday, Florida has widened from about 11% to 14% in 2023. In dollar terms, the gap has widened by $2,880 since 2009.
Employment
| Metric | Holiday | Florida Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.2% | 4.8% | 5.2% |
| Working from Home | 16.0% | 13.9% | 13.4% |
| Commute time (minutes) | 26 | 23 | 22 |
Approximately 524 people are unemployed in Holiday, Florida.
The average commute time in Holiday is 26 minutes, longer than the 23 minutes in Florida.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Holiday, Florida has fallen from 13.7% to 5.2% in 2023.
Conclusion
Considering all these factors, Holiday, 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 Holiday, Florida.
How Rich Is Holiday, Florida?
Holiday 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 $44,196, about 39% lower than the Florida average of $71,865.
What is the current median household income in Holiday, Florida?
As of 2023, the median household income in Holiday, Florida is $44,196.
What was the median household income in Holiday in 2023?
In 2023, the median household income in Holiday, Florida was $44,196.
What was the median household income in Holiday in 2020?
In 2020, the median household income in Holiday, Florida was $37,355.
What is the Gini coefficient in Holiday, Florida?
The Gini coefficient in Holiday is 0.481. 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 Holiday, Florida?
Since 2009, the income gap between men and women in Holiday, Florida has widened from about 11% to 14% in 2023. In dollar terms, the gap has widened by $2,880 since 2009.