Indian River County, Florida Income Statistics
Indian River 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
Indian River County Below averageWealthier than 71% of counties in Florida
Source: Map AI Methodology
Income Statistics Overview
| Metric | Indian River County | Florida Avg | US Average |
|---|---|---|---|
| Median Household Income | $73,373 | $74,580 | $80,455 |
| Median Personal Income | $52,492 | $52,322 | $60,758 |
| Average Yearly Income Growth | 5.7% | 5.4% | 4.8% |
| Six-Figure Earners | 12.3% | 11.6% | 13.9% |
| $200k+ Households | 11.5% | 11.0% | 13.2% |
The median household income in Indian River County is about 2% lower than in Florida. Income has been growing faster in Indian River County (5.7%/yr) than in Florida (5.4%/yr).
About 12% of adults in Indian River 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 Indian River County, Florida grew by 57.5% from 2009 to 2024, reaching $73,373 in 2024. That's an average of about 5.7% per year.
Income Inequality and the Gender Pay Gap in Indian River County
| Metric | Indian River County | Florida Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.530 | 0.551 | 0.552 |
| Male Median Income | $60,877 | $60,595 | $69,667 |
| Female Median Income | $52,193 | $50,762 | $56,850 |
| Gender Pay Gap | 14.3% | 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 Indian River County, it is 0.530, 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 17% more than women's income in Indian River County, Florida. Over a 35-year career, a 17% wage gap accumulates to roughly $303,940 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Indian River County, Florida has narrowed from about 15% to 14% in 2024. Over that period the gap was widest at 26% in 2014, and was narrowest at 12% in 2020. In dollar terms, the gap has widened by $2,583 since 2009.
Employment
| Metric | Indian River County | Florida Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.5% | 4.8% | 5.2% |
| Working from Home | 13.6% | 15.7% | 15.0% |
| Commute time (minutes) | 18 | 23 | 22 |
Approximately 3,132 people are unemployed in Indian River County, Florida.
The average commute time in Indian River County is 18 minutes, shorter than the 23 minutes in Florida.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Indian River County, Florida has fallen from 12.4% to 4.5% in 2024. Over that period the rate peaked at 14.7% in 2013.
Indian River County, FL Wealth Compared With Nearby Counties
Indian River County, FL is the 4th largest of the 6 counties compared here, 166,866 residents against a local median of 360,498. There is no headline here. Every measure below sits within 15% of the median across the nearest counties, which makes Indian River County, FL an unremarkable member of its own neighbourhood rather than an outlier in it.
The largest of those small differences is unemployment, 9% below the local median at 4.5% against 4.9%. Indian River County, FL has the 2nd lowest unemployment 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. |
|---|---|---|---|---|---|
| Indian River County, FL | 166,866 | $73,373 #3/6 | 5.7%/yr #6/6 | 4.5% #2/6 | 0.530 #1/6 |
| St. Lucie County, FL | 360,498 | $71,643 | 6.2%/yr | 6.0% | 0.534 |
| Okeechobee County, FL | 40,816 | $57,564 | 5.8%/yr | 4.4% | 0.577 |
| Brevard County, FL | 628,683 | $79,568 | 6.0%/yr | 4.8% | 0.543 |
| Martin County, FL | 160,388 | $83,704 | 5.9%/yr | 4.9% | 0.551 |
| Osceola County, FL | 427,393 | $72,294 | 5.9%/yr | 5.4% | 0.546 |
Conclusion
Considering all these factors, Indian River 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 Indian River County, Florida.
How Wealthy Is Indian River County, Florida?
Indian River 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 $73,373, about 2% lower than the Florida average of $74,580.
How fast is household income rising in Indian River County, Florida?
Between 2009 and 2024, the median household income in Indian River County, Florida rose 58%, from $46,582 to $73,373. Over the same years, income here kept pace with Florida as a whole: +58% against +57%.
What was the median household income in Indian River County in 2023?
In 2023, the median household income in Indian River County, Florida was $70,219, up 4% from $67,349 in 2022. The Florida median that year was $71,864.
What was the median household income in Indian River County in 2020?
In 2020, the median household income in Indian River County, Florida was $57,687. By 2024 it had risen 27% to $73,373.
What is the Gini coefficient in Indian River County, Florida?
The Gini coefficient in Indian River County is 0.530. 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 Indian River County, Florida?
Since 2009, the income gap between men and women in Indian River County, Florida has narrowed from about 15% to 14% in 2024. Over that period the gap was widest at 26% in 2014, and was narrowest at 12% in 2020. In dollar terms, the gap has widened by $2,583 since 2009.
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