Wealth Index
Wealthier than 76% of counties in Florida
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 | Manatee County | Florida Avg | US Average |
|---|---|---|---|
| Median Household Income | $75,978 | $71,865 | $78,145 |
| Median Personal Income | $56,841 | $53,537 | $61,726 |
| Average income growth | 5.7% | 5.7% | 5.1% |
| Six-Figure Earners | 12.1% | 10.9% | 13.2% |
The median household income in Manatee County is about 6% higher than in Florida. Income has been growing faster in Manatee County (5.7%/yr) than in Florida (5.7%/yr).
About 12% of adults in Manatee County 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 Manatee County, Florida grew by 58.1% from 2009 to 2023, reaching $75,978 in 2023. That's an average of about 5.7% per year.
Economic Inequality in Manatee County | Gender Pay Gap | Gini Coefficient
| Metric | Manatee County | Florida Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.543 | 0.566 | 0.570 |
| Male Median Income | $63,165 | $58,426 | $67,746 |
| Female Median Income | $51,800 | $48,893 | $54,793 |
| Gender Pay Gap | 18.0% | 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 Manatee County, it is 0.543, 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 22% more than women's income in Manatee County, Florida. Over a 35-year career, a 22% wage gap accumulates to roughly $397,775 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Manatee County, Florida has narrowed from about 22% to 18% in 2023. In dollar terms, the gap has widened by $2,139 since 2009.
Employment
| Metric | Manatee County | Florida Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.0% | 4.8% | 5.2% |
| Working from Home | 14.9% | 13.9% | 13.4% |
| Commute time (minutes) | 23 | 23 | 22 |
Approximately 9,624 people are unemployed in Manatee County, Florida.
The average commute time in Manatee County is 23 minutes, about the same as in Florida.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Manatee County, Florida has fallen from 10.6% to 5.0% in 2023.
Conclusion
Considering all these factors, Manatee County, Florida has an overall wealth index grade of C, making it somewhat better than Florida, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Manatee County, Florida.
How Rich Is Manatee County, Florida?
Manatee County has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $75,978, about 6% higher than the Florida average of $71,865.
What is the current median household income in Manatee County, Florida?
As of 2023, the median household income in Manatee County, Florida is $75,978.
What was the median household income in Manatee County in 2023?
In 2023, the median household income in Manatee County, Florida was $75,978.
What was the median household income in Manatee County in 2020?
In 2020, the median household income in Manatee County, Florida was $59,964.
What is the Gini coefficient in Manatee County, Florida?
The Gini coefficient in Manatee County 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 0.570, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Manatee County, Florida?
Since 2009, the income gap between men and women in Manatee County, Florida has narrowed from about 22% to 18% in 2023. In dollar terms, the gap has widened by $2,139 since 2009.