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 | Jacksonville Beach | Florida Avg | US Average |
|---|---|---|---|
| Median Household Income | $118,080 | $71,865 | $78,145 |
| Median Personal Income | $83,936 | $53,537 | $61,726 |
| Average income growth | 8.6% | 5.7% | 5.1% |
| Six-Figure Earners | 26.2% | 10.9% | 13.2% |
The median household income in Jacksonville Beach is about 64% higher than in Florida. Income has been growing faster in Jacksonville Beach (8.6%/yr) than in Florida (5.7%/yr).
About 26% of adults in Jacksonville Beach 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 Jacksonville Beach, Florida grew by 90.5% from 2009 to 2023, reaching $118,080 in 2023. That's an average of about 8.6% per year.
Economic Inequality in Jacksonville Beach | Gender Pay Gap | Gini Coefficient
| Metric | Jacksonville Beach | Florida Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.488 | 0.566 | 0.570 |
| Male Median Income | $99,455 | $58,426 | $67,746 |
| Female Median Income | $71,031 | $48,893 | $54,793 |
| Gender Pay Gap | 28.6% | 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 Jacksonville Beach, it is 0.488, 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 40% more than women's income in Jacksonville Beach, Florida. Over a 35-year career, a 40% wage gap accumulates to roughly $994,840 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Jacksonville Beach, Florida has widened from about 6% to 29% in 2023. In dollar terms, the gap has widened by $25,485 since 2009.
Employment
| Metric | Jacksonville Beach | Florida Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 1.7% | 4.8% | 5.2% |
| Working from Home | 24.3% | 13.9% | 13.4% |
| Commute time (minutes) | 21 | 23 | 22 |
Approximately 237 people are unemployed in Jacksonville Beach, Florida.
The average commute time in Jacksonville Beach is 21 minutes, shorter than the 23 minutes in Florida.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Jacksonville Beach, Florida has fallen from 6.7% to 1.7% in 2023.
Conclusion
Considering all these factors, Jacksonville Beach, 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 Jacksonville Beach, Florida.
How Rich Is Jacksonville Beach, Florida?
Jacksonville Beach 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 $118,080, about 64% higher than the Florida average of $71,865.
What is the current median household income in Jacksonville Beach, Florida?
As of 2023, the median household income in Jacksonville Beach, Florida is $118,080.
What was the median household income in Jacksonville Beach in 2023?
In 2023, the median household income in Jacksonville Beach, Florida was $118,080.
What was the median household income in Jacksonville Beach in 2020?
In 2020, the median household income in Jacksonville Beach, Florida was $96,251.
What is the Gini coefficient in Jacksonville Beach, Florida?
The Gini coefficient in Jacksonville Beach is 0.488. 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 Jacksonville Beach, Florida?
Since 2009, the income gap between men and women in Jacksonville Beach, Florida has widened from about 6% to 29% in 2023. In dollar terms, the gap has widened by $25,485 since 2009.