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 | Keystone | Florida Avg | US Average |
|---|---|---|---|
| Median Household Income | $153,109 | $71,865 | $78,145 |
| Median Personal Income | $106,350 | $53,537 | $61,726 |
| Average income growth | 5.1% | 5.7% | 5.1% |
| Six-Figure Earners | 28.7% | 10.9% | 13.2% |
The median household income in Keystone is about 113% higher than in Florida. Income has been growing slower in Keystone (5.1%/yr) than in Florida (5.7%/yr).
About 29% of adults in Keystone 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 Keystone, Florida grew by 49.9% from 2009 to 2023, reaching $153,109 in 2023. That's an average of about 5.1% per year.
Economic Inequality in Keystone | Gender Pay Gap | Gini Coefficient
| Metric | Keystone | Florida Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.559 | 0.566 | 0.570 |
| Male Median Income | $117,088 | $58,426 | $67,746 |
| Female Median Income | $83,323 | $48,893 | $54,793 |
| Gender Pay Gap | 28.8% | 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 Keystone, it is 0.559, 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 41% more than women's income in Keystone, Florida. Over a 35-year career, a 41% wage gap accumulates to roughly $1,181,775 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Keystone, Florida has narrowed from about 37% to 29% in 2023. In dollar terms, the gap has widened by $2,580 since 2009.
Employment
| Metric | Keystone | Florida Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.9% | 4.8% | 5.2% |
| Working from Home | 27.4% | 13.9% | 13.4% |
| Commute time (minutes) | 31 | 23 | 22 |
Approximately 401 people are unemployed in Keystone, Florida.
The average commute time in Keystone is 31 minutes, longer than the 23 minutes in Florida.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Keystone, Florida has fallen from 4.9% to 2.9% in 2023.
Conclusion
Considering all these factors, Keystone, 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 Keystone, Florida.
How Rich Is Keystone, Florida?
Keystone 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 $153,109, about 113% higher than the Florida average of $71,865.
What is the current median household income in Keystone, Florida?
As of 2023, the median household income in Keystone, Florida is $153,109.
What was the median household income in Keystone in 2023?
In 2023, the median household income in Keystone, Florida was $153,109.
What was the median household income in Keystone in 2020?
In 2020, the median household income in Keystone, Florida was $125,184.
What is the Gini coefficient in Keystone, Florida?
The Gini coefficient in Keystone is 0.559. 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 Keystone, Florida?
Since 2009, the income gap between men and women in Keystone, Florida has narrowed from about 37% to 29% in 2023. In dollar terms, the gap has widened by $2,580 since 2009.