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 West | Florida Avg | US Average |
|---|---|---|---|
| Median Household Income | $66,490 | $71,865 | $78,145 |
| Median Personal Income | $66,490 | $71,865 | $78,145 |
| Average income growth | 5.6% | 5.6% | 5.6% |
The median household income in Kendall West is about 7% lower than in Florida. Income has been growing slower in Kendall West (5.6%/yr) than in Florida (5.7%/yr).
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Kendall West, Florida grew by 52.3% from 2009 to 2023, reaching $66,490 in 2023. That's an average of about 3.7% per year.
Economic Inequality in Kendall West | Gender Pay Gap | Gini Coefficient
| Metric | Kendall West | Florida Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.569 | 0.566 | 0.570 |
| Male Median Income | $45,726 | $58,426 | $67,746 |
| Female Median Income | $39,104 | $48,893 | $54,793 |
| Gender Pay Gap | 14.5% | 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 Kendall West, it is 0.569, 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 17% more than women's income in Kendall West, Florida.
Income by Sex Over Time
Since 2009, the income gap between men and women in Kendall West, Florida has narrowed from about 20% to 14% in 2023.
Employment
| Metric | Kendall West | Florida Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.7% | 4.8% | 5.2% |
| Working from Home | 8.6% | 13.9% | 13.4% |
| Commute time (minutes) | 32 | 23 | 22 |
The average commute time in Kendall West is 32 minutes, longer than the 23 minutes in Florida.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Kendall West, Florida has fallen from 8.8% to 2.7% in 2023.
Conclusion
Considering all these factors, Kendall West, Florida has an overall wealth index grade of D, making it somewhat worse than Florida, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Kendall West, Florida.
How Rich Is Kendall West, Florida?
Kendall West 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 $66,490, about 7% lower than the Florida average of $71,865.
What is the current median household income in Kendall West, Florida?
As of 2023, the median household income in Kendall West, Florida is $66,490.
What was the median household income in Kendall West in 2023?
In 2023, the median household income in Kendall West, Florida was $66,490.
What was the median household income in Kendall West in 2020?
In 2020, the median household income in Kendall West, Florida was $60,151.
What is the Gini coefficient in Kendall West, Florida?
The Gini coefficient in Kendall West is 0.569. 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 Kendall West, Florida?
Since 2009, the income gap between men and women in Kendall West, Florida has narrowed from about 20% to 14% in 2023.