Lutz, Florida Income Statistics
Lutz 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.
-
B
Lutz Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Lutz | Florida Avg | US Average |
|---|---|---|---|
| Median Household Income | $104,411 | $74,580 | $80,455 |
| Median Personal Income | $67,533 | $52,322 | $60,758 |
| Average Yearly Income Growth | 6.0% | 5.4% | 4.8% |
| Six-Figure Earners | 18.1% | 11.6% | 13.9% |
| $200k+ Households | 24.4% | 11.0% | 13.2% |
The median household income in Lutz is about 40% higher than in Florida. Income has been growing faster in Lutz (6.0%/yr) than in Florida (5.4%/yr).
About 18% of adults in Lutz earn six figures ($100,000 or more) a year, higher than the Florida average of 12%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Lutz, Florida grew by 45.9% from 2009 to 2024, reaching $104,411 in 2024. That's an average of about 6.0% per year.
Lutz has stayed well above the U.S. median household income in every year from 2009 to 2024 and has never fallen below it. It came closest in 2014, at 18% higher. The gap has narrowed from 40% in 2009 to 30% in 2024.
Income Distribution in Lutz
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 5,992 households (51.6% of all households) have an income of $100,000 or more.
Across the U.S.: 40.2% of all households.
In 2024, 14.8% of households in Lutz had an income under $35,000 and 35.6% had $150,000 or more. Across the U.S., those shares were 21.6% and 22.8%.
Compared with the U.S., Lutz has a larger share of households earning $200,000 or more (24.4% vs 13.2%) and a smaller share earning $15,000 to $24,999 (2.9% vs 6.4%).
| Household income | Households | Share | U.S. share |
|---|---|---|---|
| Under $10,000 | 551 | 4.7% | 5.1% |
| $10,000 to $14,999 | 244 | 2.1% | 3.5% |
| $15,000 to $24,999 | 339 | 2.9% | 6.4% |
| $25,000 to $34,999 | 584 | 5.0% | 6.7% |
| $35,000 to $49,999 | 1,038 | 8.9% | 10.1% |
| $50,000 to $74,999 | 1,522 | 13.1% | 15.5% |
| $75,000 to $99,999 | 1,335 | 11.5% | 12.6% |
| $100,000 to $149,999 | 1,861 | 16.0% | 17.4% |
| $150,000 to $199,999 | 1,295 | 11.2% | 9.5% |
| $200,000 or more | 2,836 | 24.4% | 13.2% |
Shares are of all 11,607 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 4,756 residents (18.1% 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 20.8% of residents who have any income.
In 2024, 13.3% of Lutz residents aged 15 and over reported no personal income, 23.8% had some income but less than $25,000, and 26.4% had $75,000 or more. Across the U.S., those shares were 12.8%, 28.7% and 22.0%.
Compared with the U.S., Lutz has a larger share of residents earning $100,000 or more (18.1% vs 13.9%) and a smaller share earning $15,000 to $24,999 (8.3% vs 10.5%).
| Personal income | Residents | Share | U.S. share |
|---|---|---|---|
| No income | 3,500 | 13.3% | 12.8% |
| $1 to $9,999 | 2,543 | 9.7% | 11.2% |
| $10,000 to $14,999 | 1,531 | 5.8% | 7.0% |
| $15,000 to $24,999 | 2,194 | 8.3% | 10.5% |
| $25,000 to $34,999 | 2,143 | 8.1% | 9.5% |
| $35,000 to $49,999 | 3,621 | 13.8% | 12.6% |
| $50,000 to $74,999 | 3,834 | 14.6% | 14.3% |
| $75,000 to $99,999 | 2,194 | 8.3% | 8.2% |
| $100,000 or more | 4,756 | 18.1% | 13.9% |
Shares are of the 26,316 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 13.3% 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 Lutz
| Metric | Lutz | Florida Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.543 | 0.551 | 0.552 |
| Male Median Income | $84,570 | $60,595 | $69,667 |
| Female Median Income | $59,694 | $50,762 | $56,850 |
| Gender Pay Gap | 29.4% | 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 Lutz, it is 0.543, 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 42% more than women's income in Lutz, Florida. Over a 35-year career, a 42% wage gap accumulates to roughly $870,660 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Lutz, Florida has widened from about 26% to 29% in 2024. Over that period the gap was narrowest at 13% in 2017. In dollar terms, the gap has widened by $8,560 since 2009.
Sharply against the trend: the pay gap in Lutz widened by 3.3 points while Florida's narrowed by 2.5 points.
Employment
| Metric | Lutz | Florida Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.4% | 4.8% | 5.2% |
| Working from Home | 24.6% | 15.7% | 15.0% |
| Commute time (minutes) | 30 | 23 | 22 |
Approximately 556 people are unemployed in Lutz, Florida.
The average commute time in Lutz is 30 minutes, longer than the 23 minutes in Florida.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Lutz, Florida has fallen from 9.2% to 3.4% in 2024. Over that period the rate peaked at 9.9% in 2012 and fell as low as 3.2% in 2023.
Lutz started 0.5 points above the U.S. unemployment rate in 2011 but had dropped below it by 2013, and has not been above it since. In 2024 its rate was 1.9 points lower.
Lutz, FL Wealth Compared With Nearby Cities
Lutz, FL is typical in size for this group, 32,806 residents against a local median of 33,649, so the measures below are close to a like for like comparison. Lutz, FL's income growth, at 6.0%/yr, runs 23% above the 4.9%/yr typical of the cities around it. That is the better end of the local range on this measure.
Unemployment tells the same story from another angle: 3.4% against a local median of 4.3%, 21% below it. Every measure here with a clear better direction points the same way, so Lutz, FL is not trading one advantage for another, it reads stronger than its neighbours across the board. The cities themselves spread 1.7%/yr on income growth, so Lutz, FL sits at one end of an already wide local range rather than apart from it. Lutz, FL has the highest income growth of the 5 areas compared here.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Lutz, FL | 32,806 | $104,411 #1/5 | 6.0%/yr #1/5 | 3.4% #2/5 | 0.543 #5/5 |
| Lake Magdalene, FL | 31,109 | $76,402 | 4.6%/yr | 3.3% | 0.524 |
| University, FL | 45,630 | $38,990 | 5.9%/yr | 5.0% | 0.526 |
| Land O' Lakes, FL | 36,189 | $99,621 | 4.2%/yr | 5.2% | 0.526 |
| Northdale, FL | 24,991 | $100,830 | 5.1%/yr | 3.6% | 0.509 |
Conclusion
Considering all these factors, Lutz, Florida has an overall wealth index grade of B, making it notably better than Florida, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Lutz, Florida.
How Rich Is Lutz, Florida?
Lutz 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 $104,411, about 40% higher than the Florida average of $74,580.
Are incomes growing in Lutz, Florida?
Between 2009 and 2024, the median household income in Lutz, Florida rose 46%, from $71,546 to $104,411. Over the same years, income here lagged behind Florida as a whole: +46% against +57%.
What was the median household income in Lutz in 2023?
In 2023, the median household income in Lutz, Florida was $99,811, up 10% from $90,468 in 2022. The Florida median that year was $71,864.
What was the median household income in Lutz in 2020?
In 2020, the median household income in Lutz, Florida was $83,670. By 2024 it had risen 25% to $104,411.
How many people earn six figures in Lutz, Florida?
Yes. 18% of adults in Lutz, Florida earn $100,000 or more a year (about 1 in 6), against 12% (about 1 in 9) in Florida. 24% of households have a combined income of $200,000 or more, compared with 11% in Florida.
How strong is the job market in Lutz, Florida?
Unemployment in Lutz, Florida is only 3.4%, well below the Florida rate of 4.8%, a sign of a tight labor market where employers compete for workers.
What is the Gini coefficient in Lutz, Florida?
The Gini coefficient in Lutz is 0.543. 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 Lutz, Florida?
Since 2009, the income gap between men and women in Lutz, Florida has widened from about 26% to 29% in 2024. Over that period the gap was narrowest at 13% in 2017. In dollar terms, the gap has widened by $8,560 since 2009.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →