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 | Kendall | Florida Avg | US Average |
|---|---|---|---|
| Median Household Income | $86,736 | $71,865 | $78,145 |
| Median Personal Income | $86,736 | $71,865 | $78,145 |
| Average income growth | 4.4% | 4.4% | 4.4% |
The median household income in Kendall is about 21% higher than in Florida. Income has been growing slower in Kendall (4.4%/yr) than in Florida (5.7%/yr).
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Kendall, Florida grew by 43.2% from 2009 to 2023, reaching $86,736 in 2023. That's an average of about 3.1% per year.
Economic Inequality in Kendall | Gender Pay Gap | Gini Coefficient
| Metric | Kendall | Florida Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.578 | 0.566 | 0.570 |
| Male Median Income | $66,980 | $58,426 | $67,746 |
| Female Median Income | $58,442 | $48,893 | $54,793 |
| Gender Pay Gap | 12.7% | 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 Kendall, it is 0.578, higher than Florida's 0.566, so income is less evenly distributed here than there, and higher than the US's 0.570, so income is less evenly distributed here than there.
Men's income is about 15% more than women's income in Kendall, Florida.
Income by Sex Over Time
Since 2009, the income gap between men and women in Kendall, Florida has narrowed from about 23% to 13% in 2023.
Employment
| Metric | Kendall | Florida Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.3% | 4.8% | 5.2% |
| Working from Home | 13.7% | 13.9% | 13.4% |
| Commute time (minutes) | 28 | 23 | 22 |
The average commute time in Kendall is 28 minutes, longer than the 23 minutes in Florida.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Kendall, Florida has fallen from 7.2% to 3.3% in 2023.
Conclusion
Considering all these factors, Kendall, Florida has an overall wealth index grade of B, making it somewhat better than Florida, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Kendall, Florida.
How Rich Is Kendall, Florida?
Kendall has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $86,736, about 21% higher than the Florida average of $71,865.
What is the current median household income in Kendall, Florida?
As of 2023, the median household income in Kendall, Florida is $86,736.
What was the median household income in Kendall in 2023?
In 2023, the median household income in Kendall, Florida was $86,736.
What was the median household income in Kendall in 2020?
In 2020, the median household income in Kendall, Florida was $73,348.
What is the Gini coefficient in Kendall, Florida?
The Gini coefficient in Kendall is 0.578. 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 0.570, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in Kendall, Florida?
Since 2009, the income gap between men and women in Kendall, Florida has narrowed from about 23% to 13% in 2023.