Martin County, Florida Income Statistics
Martin County Wealth Score
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.
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B
Martin County Around averageWealthier than 88% of counties in Florida
Source: Map AI Methodology
Income Statistics Overview
| Metric | Martin County | Florida Avg | US Average |
|---|---|---|---|
| Median Household Income | $83,704 | $74,580 | $80,455 |
| Median Personal Income | $59,725 | $52,322 | $60,758 |
| Average Yearly Income Growth | 5.9% | 5.4% | 4.8% |
| Six-Figure Earners | 15.7% | 11.6% | 13.9% |
| $200k+ Households | 15.0% | 11.0% | 13.2% |
The median household income in Martin County is about 12% higher than in Florida. Income has been growing faster in Martin County (5.9%/yr) than in Florida (5.4%/yr).
About 16% of adults in Martin County 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 Martin County, Florida grew by 57.1% from 2009 to 2024, reaching $83,704 in 2024. That's an average of about 5.9% per year.
Income Inequality and the Gender Pay Gap in Martin County
| Metric | Martin County | Florida Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.551 | 0.551 | 0.552 |
| Male Median Income | $70,973 | $60,595 | $69,667 |
| Female Median Income | $55,025 | $50,762 | $56,850 |
| Gender Pay Gap | 22.5% | 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 Martin County, it is 0.551, about the same as Florida's 0.551, so income here is about as evenly distributed as there, and about the same as the US's 0.552, so income here is about as evenly distributed as there.
Men's income is about 29% more than women's income in Martin County, Florida. Over a 35-year career, a 29% wage gap accumulates to roughly $558,180 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Martin County, Florida has narrowed from about 25% to 22% in 2024. Over that period the gap was narrowest at 11% in 2018. In dollar terms, the gap has widened by $3,993 since 2009.
Employment
| Metric | Martin County | Florida Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.9% | 4.8% | 5.2% |
| Working from Home | 15.5% | 15.7% | 15.0% |
| Commute time (minutes) | 23 | 23 | 22 |
Approximately 3,535 people are unemployed in Martin County, Florida.
The average commute time in Martin County is 23 minutes, about the same as in Florida.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Martin County, Florida has fallen from 10.7% to 4.9% in 2024. Over that period the rate peaked at 12.7% in 2013 and fell as low as 4.4% in 2022.
Martin County, FL Wealth Compared With Nearby Counties
Martin County, FL is typical in size for this group, 160,388 residents against a local median of 166,866, so the measures below are close to a like for like comparison. Where Martin County, FL breaks from the counties next to it is median household income, sitting 17% above the local median of $71,643 at $83,704. That is the better end of the local range on this measure.
The counties themselves spread $38,132 on median household income, so Martin County, FL sits at one end of an already wide local range rather than apart from it. Martin County, FL has the 2nd highest median household income of the 6 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. |
|---|---|---|---|---|---|
| Martin County, FL | 160,388 | $83,704 #2/6 | 5.9%/yr #2/6 | 4.9% #3/6 | 0.551 #3/6 |
| St. Lucie County, FL | 360,498 | $71,643 | 6.2%/yr | 6.0% | 0.534 |
| Palm Beach County, FL | 1,530,264 | $84,275 | 5.3%/yr | 5.5% | 0.552 |
| Okeechobee County, FL | 40,816 | $57,564 | 5.8%/yr | 4.4% | 0.577 |
| Indian River County, FL | 166,866 | $73,373 | 5.7%/yr | 4.5% | 0.530 |
| Glades County, FL | 12,560 | $46,143 | 4.0%/yr | 7.1% | 0.615 |
Conclusion
Considering all these factors, Martin County, Florida has an overall wealth index grade of B, making it somewhat better than Florida, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Martin County, Florida.
How Rich Is Martin County, Florida?
Martin County 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 $83,704, about 12% higher than the Florida average of $74,580.
How fast is household income rising in Martin County, Florida?
Between 2009 and 2024, the median household income in Martin County, Florida rose 57%, from $53,272 to $83,704. Over the same years, income here kept pace with Florida as a whole: +57% against +57%.
What was the median household income in Martin County in 2023?
In 2023, the median household income in Martin County, Florida was $81,664, up 4% from $78,749 in 2022. The Florida median that year was $71,864.
What was the median household income in Martin County in 2020?
In 2020, the median household income in Martin County, Florida was $66,043. By 2024 it had risen 27% to $83,704.
How many people earn six figures in Martin County, Florida?
Yes. 16% of adults in Martin County, Florida earn $100,000 or more a year (about 1 in 6), against 12% (about 1 in 9) in Florida. 15% of households have a combined income of $200,000 or more, compared with 11% in Florida.
What is the Gini coefficient in Martin County, Florida?
The Gini coefficient in Martin County is 0.551. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is almost the same as the US average of 0.552, so income is distributed about as equally as in the country overall.
How has the income gap between men and women changed in Martin County, Florida?
Since 2009, the income gap between men and women in Martin County, Florida has narrowed from about 25% to 22% in 2024. Over that period the gap was narrowest at 11% in 2018. In dollar terms, the gap has widened by $3,993 since 2009.
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