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 | Horizon West | Florida Avg | US Average |
|---|---|---|---|
| Median Household Income | $119,760 | $71,865 | $78,145 |
| Median Personal Income | $76,009 | $53,537 | $61,726 |
| Average income growth | 5.0% | 5.7% | 5.1% |
| Six-Figure Earners | 20.0% | 10.9% | 13.2% |
The median household income in Horizon West is about 67% higher than in Florida. Income has been growing slower in Horizon West (5.0%/yr) than in Florida (5.7%/yr).
About 20% of adults in Horizon West earn six figures ($100,000 or more) a year, higher than the Florida average of 11%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Horizon West, Florida grew by 63.3% from 2009 to 2023, reaching $119,760 in 2023. That's an average of about 5.0% per year.
Economic Inequality in Horizon West | Gender Pay Gap | Gini Coefficient
| Metric | Horizon West | Florida Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.560 | 0.566 | 0.570 |
| Male Median Income | $86,230 | $58,426 | $67,746 |
| Female Median Income | $68,702 | $48,893 | $54,793 |
| Gender Pay Gap | 20.3% | 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 Horizon West, it is 0.560, 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 26% more than women's income in Horizon West, Florida. Over a 35-year career, a 26% wage gap accumulates to roughly $613,480 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Horizon West, Florida has narrowed from about 26% to 20% in 2023. In dollar terms, the gap has widened by $3,929 since 2009.
Employment
| Metric | Horizon West | Florida Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.3% | 4.8% | 5.2% |
| Working from Home | 24.9% | 13.9% | 13.4% |
| Commute time (minutes) | 30 | 23 | 22 |
Approximately 850 people are unemployed in Horizon West, Florida.
The average commute time in Horizon West is 30 minutes, longer than the 23 minutes in Florida.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Horizon West, Florida has fallen from 6.4% to 3.3% in 2023.
Conclusion
Considering all these factors, Horizon West, Florida has an overall wealth index grade of A+, making it far better than Florida, and far better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Horizon West, Florida.
How Rich Is Horizon West, Florida?
Horizon West has a wealth index grade of A+. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; an A+ grade means it is one of the most prosperous areas in the country. The median household income is $119,760, about 67% higher than the Florida average of $71,865.
What is the current median household income in Horizon West, Florida?
As of 2023, the median household income in Horizon West, Florida is $119,760.
What was the median household income in Horizon West in 2023?
In 2023, the median household income in Horizon West, Florida was $119,760.
What was the median household income in Horizon West in 2020?
In 2020, the median household income in Horizon West, Florida was $98,912.
What is the Gini coefficient in Horizon West, Florida?
The Gini coefficient in Horizon West is 0.560. 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 Horizon West, Florida?
Since 2009, the income gap between men and women in Horizon West, Florida has narrowed from about 26% to 20% in 2023. In dollar terms, the gap has widened by $3,929 since 2009.