Holmes County, Florida Income Statistics
Holmes 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
Holmes County Well below averageLess wealthy than 79% of counties in Florida
Source: Map AI Methodology
Income Statistics Overview
| Metric | Holmes County | Florida Avg | US Average |
|---|---|---|---|
| Median Household Income | $49,151 | $74,580 | $80,455 |
| Median Personal Income | $41,522 | $52,322 | $60,758 |
| Average Yearly Income Growth | 3.4% | 5.4% | 4.8% |
| Six-Figure Earners | 4.8% | 11.6% | 13.9% |
| $200k+ Households | 2.2% | 11.0% | 13.2% |
The median household income in Holmes County is about 34% lower than in Florida. Income has been growing slower in Holmes County (3.4%/yr) than in Florida (5.4%/yr).
About 5% of adults in Holmes 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 Holmes County, Florida grew by 47.3% from 2009 to 2024, reaching $49,151 in 2024. That's an average of about 3.4% per year.
Income Inequality and the Gender Pay Gap in Holmes County
| Metric | Holmes County | Florida Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.569 | 0.551 | 0.552 |
| Male Median Income | $45,586 | $60,595 | $69,667 |
| Female Median Income | $41,989 | $50,762 | $56,850 |
| Gender Pay Gap | 7.9% | 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 Holmes County, it is 0.569, higher than Florida's 0.551, so income is less evenly distributed here than there, and higher than the US's 0.552, so income is less evenly distributed here than there.
Men's income is about 9% more than women's income in Holmes County, Florida. Over a 35-year career, a 9% wage gap accumulates to roughly $125,895 in unearned income for female workers in the area.
Income by Sex Over Time
The income gap between men and women in Holmes County, Florida has stayed about the same since 2009, at around 8%. Over that period the gap was widest at 22% in 2011, and was narrowest at 4% in 2020. In dollar terms, the gap has widened by $934 since 2009.
Employment
| Metric | Holmes County | Florida Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.5% | 4.8% | 5.2% |
| Working from Home | 6.8% | 15.7% | 15.0% |
| Commute time (minutes) | 31 | 23 | 22 |
Approximately 347 people are unemployed in Holmes County, Florida.
The average commute time in Holmes County is 31 minutes, longer than the 23 minutes in Florida.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Holmes County, Florida has fallen from 8.8% to 4.5% in 2024. Over that period the rate peaked at 15.3% in 2015 and fell as low as 4.4% in 2023.
Holmes County, FL Wealth Compared With Nearby Counties
Holmes County, FL is the smallest of the 6 counties compared here, 19,513 residents against a local median of 54,920. Holmes County, FL's income growth, at 3.4%/yr, runs 32% below the 5.1%/yr typical of the counties around it. That is the weaker end of the local range on this measure.
Median household income tells the same story from another angle: $49,151 against a local median of $59,460, 17% below it. Every measure here with a clear better direction points the same way, and it is the wrong way: Holmes County, FL reads weaker than its neighbours on all of them. The counties themselves spread 3.3%/yr on income growth, so Holmes County, FL sits at one end of an already wide local range rather than apart from it. Holmes County, FL has the 6th 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. |
|---|---|---|---|---|---|
| Holmes County, FL | 19,513 | $49,151 #6/6 | 3.4%/yr #6/6 | 4.5% #2/6 | 0.569 #4/6 |
| Geneva County, AL | 26,887 | $54,060 | 5.1%/yr | 5.6% | 0.538 |
| Washington County, FL | 25,529 | $59,460 | 5.8%/yr | 3.6% | 0.574 |
| Walton County, FL | 82,948 | $83,983 | 7.6%/yr | 4.8% | 0.543 |
| Coffee County, AL | 54,920 | $68,847 | 4.5%/yr | 4.7% | 0.573 |
| Houston County, AL | 108,140 | $58,687 | 4.2%/yr | 4.5% | 0.549 |
Conclusion
Considering all these factors, Holmes 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 Holmes County, Florida.
How Rich Is Holmes County, Florida?
Holmes 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 $49,151, about 34% lower than the Florida average of $74,580.
How has median household income changed in Holmes County, Florida?
Between 2009 and 2024, the median household income in Holmes County, Florida rose 47%, from $33,377 to $49,151. Over the same years, income here lagged behind Florida as a whole: +47% against +57%.
What was the median household income in Holmes County in 2023?
In 2023, the median household income in Holmes County, Florida was $48,019, up 4% from $45,967 in 2022. The Florida median that year was $71,864.
What was the median household income in Holmes County in 2020?
In 2020, the median household income in Holmes County, Florida was $39,426. By 2024 it had risen 25% to $49,151.
What is the Gini coefficient in Holmes County, Florida?
The Gini coefficient in Holmes County is 0.569. 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 0.552, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in Holmes County, Florida?
The income gap between men and women in Holmes County, Florida has stayed about the same since 2009, at around 8%. Over that period the gap was widest at 22% in 2011, and was narrowest at 4% in 2020. In dollar terms, the gap has widened by $934 since 2009.
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