Largo, Florida Income Statistics
Largo Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
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D
Largo Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Largo | Florida Avg | US Average |
|---|---|---|---|
| Median Household Income | $61,971 | $74,580 | $80,455 |
| Median Personal Income | $49,056 | $52,322 | $60,758 |
| Average Yearly Income Growth | 5.6% | 5.4% | 4.8% |
| Six-Figure Earners | 7.1% | 11.6% | 13.9% |
| $200k+ Households | 4.2% | 11.0% | 13.2% |
The median household income in Largo is about 17% lower than in Florida. Income has been growing faster in Largo (5.6%/yr) than in Florida (5.4%/yr).
About 7% of adults in Largo earn six figures ($100,000 or more) a year, lower than the Florida average of 12%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Largo, Florida grew by 56.6% from 2009 to 2024, reaching $61,971 in 2024. That's an average of about 5.6% per year.
Largo has stayed well below the U.S. median household income in every year from 2009 to 2024 and has never reached it. It came closest in 2010, at 22% lower. The gap has held fairly steady over the period.
Income Distribution in Largo
How incomes are spread across brackets, compared with the U.S. Pick a range to count who falls in it.
Households by income, 2024
Income range calculator
About 9,862 households (26.3% of all households) have an income of $100,000 or more.
Across the U.S.: 40.2% of all households.
In 2024, 24.5% of households in Largo had an income under $35,000 and 11.1% had $150,000 or more. Across the U.S., those shares were 21.6% and 22.8%.
Compared with the U.S., Largo has a larger share of households earning $50,000 to $74,999 (21.3% vs 15.5%) and a smaller share earning $200,000 or more (4.2% vs 13.2%).
| Household income | Households | Share | U.S. share |
|---|---|---|---|
| Under $10,000 | 2,313 | 6.2% | 5.1% |
| $10,000 to $14,999 | 1,408 | 3.8% | 3.5% |
| $15,000 to $24,999 | 2,544 | 6.8% | 6.4% |
| $25,000 to $34,999 | 2,904 | 7.7% | 6.7% |
| $35,000 to $49,999 | 5,314 | 14.2% | 10.1% |
| $50,000 to $74,999 | 8,003 | 21.3% | 15.5% |
| $75,000 to $99,999 | 5,139 | 13.7% | 12.6% |
| $100,000 to $149,999 | 5,688 | 15.2% | 17.4% |
| $150,000 to $199,999 | 2,608 | 7.0% | 9.5% |
| $200,000 or more | 1,566 | 4.2% | 13.2% |
Shares are of all 37,487 households, one per occupied home whatever its size. Households with zero or negative income are counted in the lowest bracket. Source: ACS 5-year estimates ending 2024 (table B19001).
Residents 15+ by personal income, 2024
Income range calculator
About 5,281 residents (7.1% of residents aged 15 and over) have a personal income of $100,000 or more.
Across the U.S.: 13.9% of residents aged 15 and over.
That is 8.0% of residents who have any income.
In 2024, 10.9% of Largo residents aged 15 and over reported no personal income, 29.6% had some income but less than $25,000, and 14.8% had $75,000 or more. Across the U.S., those shares were 12.8%, 28.7% and 22.0%.
Compared with the U.S., Largo has a larger share of residents earning $35,000 to $49,999 (15.9% vs 12.6%) and a smaller share earning $100,000 or more (7.1% vs 13.9%).
| Personal income | Residents | Share | U.S. share |
|---|---|---|---|
| No income | 8,046 | 10.9% | 12.8% |
| $1 to $9,999 | 8,024 | 10.8% | 11.2% |
| $10,000 to $14,999 | 5,032 | 6.8% | 7.0% |
| $15,000 to $24,999 | 8,905 | 12.0% | 10.5% |
| $25,000 to $34,999 | 8,920 | 12.0% | 9.5% |
| $35,000 to $49,999 | 11,781 | 15.9% | 12.6% |
| $50,000 to $74,999 | 12,438 | 16.8% | 14.3% |
| $75,000 to $99,999 | 5,690 | 7.7% | 8.2% |
| $100,000 or more | 5,281 | 7.1% | 13.9% |
Shares are of the 74,116 residents aged 15 and over, the only people the Census Bureau asks about income, and include those who reported none. A share of the whole population would count children as people without income, while a share of earners alone would hide the 10.9% with no income; the calculator adds that second share whenever your range leaves out people with no income. Source: ACS 5-year estimates ending 2024 (table B19325).
Income Inequality and the Gender Pay Gap in Largo
| Metric | Largo | Florida Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.508 | 0.551 | 0.552 |
| Male Median Income | $57,594 | $60,595 | $69,667 |
| Female Median Income | $50,404 | $50,762 | $56,850 |
| Gender Pay Gap | 12.5% | 16.2% | 18.4% |
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 Largo, it is 0.508, lower than Florida's 0.551, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 14% more than women's income in Largo, Florida. Over a 35-year career, a 14% wage gap accumulates to roughly $251,650 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Largo, Florida has narrowed from about 14% to 12% in 2024. Over that period the gap was narrowest at 4% in 2020. In dollar terms, the gap has widened by $1,869 since 2009.
Employment
| Metric | Largo | Florida Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.9% | 4.8% | 5.2% |
| Working from Home | 13.6% | 15.7% | 15.0% |
| Commute time (minutes) | 21 | 23 | 22 |
Approximately 2,103 people are unemployed in Largo, Florida.
The average commute time in Largo is 21 minutes, shorter than the 23 minutes in Florida.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Largo, Florida has fallen from 10.6% to 4.9% in 2024. Over that period the rate peaked at 12.2% in 2013 and fell as low as 4.7% in 2023.
Largo started 1.9 points above the U.S. unemployment rate in 2011 but had dropped below it by 2023, and has not been above it since. In 2024 its rate was 0.3 points lower.
Conclusion
Considering all these factors, Largo, 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 Largo, Florida.
How Rich Is Largo, Florida?
Largo 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 $61,971, about 17% lower than the Florida average of $74,580.
How has median household income changed in Largo, Florida?
Between 2009 and 2024, the median household income in Largo, Florida rose 57%, from $39,582 to $61,971. Over the same years, income here kept pace with Florida as a whole: +57% against +57%.
What was the median household income in Largo in 2023?
In 2023, the median household income in Largo, Florida was $60,102, up 7% from $56,272 in 2022. The Florida median that year was $71,864.
What was the median household income in Largo in 2020?
In 2020, the median household income in Largo, Florida was $47,690. By 2024 it had risen 30% to $61,971.
What is the Gini coefficient in Largo, Florida?
The Gini coefficient in Largo is 0.508. 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 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Largo, Florida?
Since 2009, the income gap between men and women in Largo, Florida has narrowed from about 14% to 12% in 2024. Over that period the gap was narrowest at 4% in 2020. In dollar terms, the gap has widened by $1,869 since 2009.
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