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 | Kendale Lakes | Florida Avg | US Average |
|---|---|---|---|
| Median Household Income | $68,566 | $71,865 | $78,145 |
| Median Personal Income | $68,566 | $71,865 | $78,145 |
| Average income growth | 4.3% | 4.3% | 4.3% |
The median household income in Kendale Lakes is about 5% lower than in Florida. Income has been growing slower in Kendale Lakes (4.3%/yr) than in Florida (5.7%/yr).
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Kendale Lakes, Florida grew by 29.9% from 2009 to 2023, reaching $68,566 in 2023. That's an average of about 2.1% per year.
Economic Inequality in Kendale Lakes | Gender Pay Gap | Gini Coefficient
| Metric | Kendale Lakes | Florida Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.570 | 0.566 | 0.570 |
| Male Median Income | $53,940 | $58,426 | $67,746 |
| Female Median Income | $45,037 | $48,893 | $54,793 |
| Gender Pay Gap | 16.5% | 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 Kendale Lakes, it is 0.570, about the same as Florida's 0.566, so income here is about as evenly distributed as there, and about the same as the US's 0.570, so income here is about as evenly distributed as there.
Men's income is about 20% more than women's income in Kendale Lakes, Florida.
Income by Sex Over Time
The income gap between men and women in Kendale Lakes, Florida has stayed about the same since 2009, at around 17%.
Employment
| Metric | Kendale Lakes | Florida Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.0% | 4.8% | 5.2% |
| Working from Home | 9.6% | 13.9% | 13.4% |
| Commute time (minutes) | 30 | 23 | 22 |
The average commute time in Kendale Lakes is 30 minutes, longer than the 23 minutes in Florida.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Kendale Lakes, Florida has fallen from 10.6% to 4.0% in 2023.
Conclusion
Considering all these factors, Kendale Lakes, Florida has an overall wealth index grade of D, making it about on par with Florida, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Kendale Lakes, Florida.
How Rich Is Kendale Lakes, Florida?
Kendale Lakes 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 $68,566, about 5% lower than the Florida average of $71,865.
What is the current median household income in Kendale Lakes, Florida?
As of 2023, the median household income in Kendale Lakes, Florida is $68,566.
What was the median household income in Kendale Lakes in 2023?
In 2023, the median household income in Kendale Lakes, Florida was $68,566.
What was the median household income in Kendale Lakes in 2020?
In 2020, the median household income in Kendale Lakes, Florida was $59,772.
What is the Gini coefficient in Kendale Lakes, Florida?
The Gini coefficient in Kendale Lakes is 0.570. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is almost the same as the US average of 0.570, so income is distributed about as equally as in the country overall.
How has the income gap between men and women changed in Kendale Lakes, Florida?
The income gap between men and women in Kendale Lakes, Florida has stayed about the same since 2009, at around 17%.