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 | Liberty Triangle | Florida Avg | US Average |
|---|---|---|---|
| Median Household Income | $68,090 | $71,865 | $78,145 |
| Median Personal Income | $59,600 | $53,537 | $61,726 |
| Average income growth | 4.5% | 5.7% | 5.1% |
| Six-Figure Earners | 8.1% | 10.9% | 13.2% |
The median household income in Liberty Triangle is about 5% lower than in Florida. Income has been growing slower in Liberty Triangle (4.5%/yr) than in Florida (5.7%/yr).
About 8% of adults in Liberty Triangle earn six figures ($100,000 or more) a year, lower than the Florida average of 11%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Liberty Triangle, Florida grew by 58.4% from 2009 to 2023, reaching $68,090 in 2023. That's an average of about 4.5% per year.
Economic Inequality in Liberty Triangle | Gender Pay Gap | Gini Coefficient
| Metric | Liberty Triangle | Florida Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.486 | 0.566 | 0.570 |
| Male Median Income | $62,535 | $58,426 | $67,746 |
| Female Median Income | $55,459 | $48,893 | $54,793 |
| Gender Pay Gap | 11.3% | 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 Liberty Triangle, it is 0.486, 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 13% more than women's income in Liberty Triangle, Florida. Over a 35-year career, a 13% wage gap accumulates to roughly $247,660 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Liberty Triangle, Florida has narrowed from about 31% to 11% in 2023. In dollar terms, the gap has narrowed by $6,372 since 2009.
Employment
| Metric | Liberty Triangle | Florida Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.6% | 4.8% | 5.2% |
| Working from Home | 10.1% | 13.9% | 13.4% |
| Commute time (minutes) | 26 | 23 | 22 |
Approximately 628 people are unemployed in Liberty Triangle, Florida.
The average commute time in Liberty Triangle is 26 minutes, longer than the 23 minutes in Florida.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Liberty Triangle, Florida has fallen from 9.6% to 6.6% in 2023.
Conclusion
Considering all these factors, Liberty Triangle, 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 Liberty Triangle, Florida.
How Rich Is Liberty Triangle, Florida?
Liberty Triangle 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 $68,090, about 5% lower than the Florida average of $71,865.
What is the current median household income in Liberty Triangle, Florida?
As of 2023, the median household income in Liberty Triangle, Florida is $68,090.
What was the median household income in Liberty Triangle in 2023?
In 2023, the median household income in Liberty Triangle, Florida was $68,090.
What was the median household income in Liberty Triangle in 2020?
In 2020, the median household income in Liberty Triangle, Florida was $53,082.
What is the Gini coefficient in Liberty Triangle, Florida?
The Gini coefficient in Liberty Triangle is 0.486. 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 Liberty Triangle, Florida?
Since 2009, the income gap between men and women in Liberty Triangle, Florida has narrowed from about 31% to 11% in 2023. In dollar terms, the gap has narrowed by $6,372 since 2009.