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 | Meadow Woods | Florida Avg | US Average |
|---|---|---|---|
| Median Household Income | $79,854 | $71,865 | $78,145 |
| Median Personal Income | $48,441 | $53,537 | $61,726 |
| Average income growth | 6.0% | 5.7% | 5.1% |
| Six-Figure Earners | 7.4% | 10.9% | 13.2% |
The median household income in Meadow Woods is about 11% higher than in Florida. Income has been growing faster in Meadow Woods (6.0%/yr) than in Florida (5.7%/yr).
About 7% of adults in Meadow Woods 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 Meadow Woods, Florida grew by 68.6% from 2009 to 2023, reaching $79,854 in 2023. That's an average of about 6.0% per year.
Economic Inequality in Meadow Woods | Gender Pay Gap | Gini Coefficient
| Metric | Meadow Woods | Florida Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.543 | 0.566 | 0.570 |
| Male Median Income | $52,008 | $58,426 | $67,746 |
| Female Median Income | $46,301 | $48,893 | $54,793 |
| Gender Pay Gap | 11.0% | 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 Meadow Woods, 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 12% more than women's income in Meadow Woods, Florida. Over a 35-year career, a 12% wage gap accumulates to roughly $199,745 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Meadow Woods, Florida has narrowed from about 12% to 11% in 2023. In dollar terms, the gap has widened by $1,863 since 2009.
Employment
| Metric | Meadow Woods | Florida Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.5% | 4.8% | 5.2% |
| Working from Home | 12.7% | 13.9% | 13.4% |
| Commute time (minutes) | 31 | 23 | 22 |
Approximately 934 people are unemployed in Meadow Woods, Florida.
The average commute time in Meadow Woods is 31 minutes, longer than the 23 minutes in Florida.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Meadow Woods, Florida has fallen from 12.9% to 4.5% in 2023.
Conclusion
Considering all these factors, Meadow Woods, 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 Meadow Woods, Florida.
How Rich Is Meadow Woods, Florida?
Meadow Woods 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 $79,854, about 11% higher than the Florida average of $71,865.
What is the current median household income in Meadow Woods, Florida?
As of 2023, the median household income in Meadow Woods, Florida is $79,854.
What was the median household income in Meadow Woods in 2023?
In 2023, the median household income in Meadow Woods, Florida was $79,854.
What was the median household income in Meadow Woods in 2020?
In 2020, the median household income in Meadow Woods, Florida was $67,889.
What is the Gini coefficient in Meadow Woods, Florida?
The Gini coefficient in Meadow Woods 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 Meadow Woods, Florida?
Since 2009, the income gap between men and women in Meadow Woods, Florida has narrowed from about 12% to 11% in 2023. In dollar terms, the gap has widened by $1,863 since 2009.