Midway, Florida Income Statistics
Midway 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.
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B
Midway Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Midway | Florida Avg | US Average |
|---|---|---|---|
| Median Household Income | $103,895 | $74,580 | $80,455 |
| Median Personal Income | $66,505 | $52,322 | $60,758 |
| Average Yearly Income Growth | 5.7% | 5.4% | 4.8% |
| Six-Figure Earners | 16.5% | 11.6% | 13.9% |
| $200k+ Households | 13.3% | 11.0% | 13.2% |
The median household income in Midway is about 39% higher than in Florida. Income has been growing faster in Midway (5.7%/yr) than in Florida (5.4%/yr).
About 16% of adults in Midway 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 Midway, Florida grew by 65.8% from 2009 to 2024, reaching $103,895 in 2024. That's an average of about 5.7% per year.
Midway 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 2017, at 17% higher. The gap has widened from 23% in 2009 to 29% in 2024.
Income Distribution in Midway
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 4,245 households (51.9% of all households) have an income of $100,000 or more.
Across the U.S.: 40.2% of all households.
In 2024, 13.1% of households in Midway had an income under $35,000 and 29.2% had $150,000 or more. Across the U.S., those shares were 21.6% and 22.8%.
Compared with the U.S., Midway has a larger share of households earning $150,000 to $199,999 (16.0% vs 9.5%) and a smaller share earning $35,000 to $49,999 (6.5% vs 10.1%).
| Household income | Households | Share | U.S. share |
|---|---|---|---|
| Under $10,000 | 171 | 2.1% | 5.1% |
| $10,000 to $14,999 | 274 | 3.3% | 3.5% |
| $15,000 to $24,999 | 329 | 4.0% | 6.4% |
| $25,000 to $34,999 | 295 | 3.6% | 6.7% |
| $35,000 to $49,999 | 535 | 6.5% | 10.1% |
| $50,000 to $74,999 | 1,127 | 13.8% | 15.5% |
| $75,000 to $99,999 | 1,203 | 14.7% | 12.6% |
| $100,000 to $149,999 | 1,855 | 22.7% | 17.4% |
| $150,000 to $199,999 | 1,305 | 16.0% | 9.5% |
| $200,000 or more | 1,085 | 13.3% | 13.2% |
Shares are of all 8,179 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 2,951 residents (16.5% 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 18.6% of residents who have any income.
In 2024, 11.6% of Midway residents aged 15 and over reported no personal income, 27.6% had some income but less than $25,000, and 25.7% had $75,000 or more. Across the U.S., those shares were 12.8%, 28.7% and 22.0%.
Compared with the U.S., Midway has a larger share of residents earning $100,000 or more (16.5% vs 13.9%) and a smaller share earning $10,000 to $14,999 (5.2% vs 7.0%).
| Personal income | Residents | Share | U.S. share |
|---|---|---|---|
| No income | 2,076 | 11.6% | 12.8% |
| $1 to $9,999 | 2,242 | 12.5% | 11.2% |
| $10,000 to $14,999 | 937 | 5.2% | 7.0% |
| $15,000 to $24,999 | 1,766 | 9.9% | 10.5% |
| $25,000 to $34,999 | 1,664 | 9.3% | 9.5% |
| $35,000 to $49,999 | 1,961 | 10.9% | 12.6% |
| $50,000 to $74,999 | 2,680 | 14.9% | 14.3% |
| $75,000 to $99,999 | 1,652 | 9.2% | 8.2% |
| $100,000 or more | 2,951 | 16.5% | 13.9% |
Shares are of the 17,928 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 11.6% 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 Midway
| Metric | Midway | Florida Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.547 | 0.551 | 0.552 |
| Male Median Income | $74,070 | $60,595 | $69,667 |
| Female Median Income | $57,754 | $50,762 | $56,850 |
| Gender Pay Gap | 22.0% | 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 Midway, it is 0.547, about the same as Florida's 0.551, so income here is about as evenly distributed as there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 28% more than women's income in Midway, Florida. Over a 35-year career, a 28% wage gap accumulates to roughly $571,060 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Midway, Florida has narrowed from about 29% to 22% in 2024. Over that period the gap was widest at 35% in 2011. In dollar terms, the gap has widened by $854 since 2009.
Employment
| Metric | Midway | Florida Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.2% | 4.8% | 5.2% |
| Working from Home | 16.0% | 15.7% | 15.0% |
| Commute time (minutes) | 30 | 23 | 22 |
Approximately 354 people are unemployed in Midway, Florida.
The average commute time in Midway is 30 minutes, longer than the 23 minutes in Florida.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Midway, Florida has fallen from 7.0% to 3.2% in 2024. Over that period the rate fell as low as 2.8% in 2022.
Midway has stayed well below the U.S. unemployment rate in every year from 2011 to 2024 and has never risen above it. It came closest in 2018, at 0.5 points lower. The gap has held fairly steady over the period.
Conclusion
Considering all these factors, Midway, 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 Midway, Florida.
How Rich Is Midway, Florida?
Midway 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 $103,895, about 39% higher than the Florida average of $74,580.
Are incomes growing in Midway, Florida?
Between 2009 and 2024, the median household income in Midway, Florida rose 66%, from $62,663 to $103,895. Over the same years, income here outpaced Florida as a whole: +66% against +57%.
What was the median household income in Midway in 2023?
In 2023, the median household income in Midway, Florida was $97,827, up 3% from $94,613 in 2022. The Florida median that year was $71,864.
What was the median household income in Midway in 2020?
In 2020, the median household income in Midway, Florida was $77,842. By 2024 it had risen 33% to $103,895.
How many people earn six figures in Midway, Florida?
Yes. 16% of adults in Midway, Florida earn $100,000 or more a year (about 1 in 6), against 12% (about 1 in 9) in Florida. 13% of households have a combined income of $200,000 or more, compared with 11% in Florida.
How strong is the job market in Midway, Florida?
Unemployment in Midway, Florida is only 3.2%, 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 Midway, Florida?
The Gini coefficient in Midway is 0.547. 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 Midway, Florida?
Since 2009, the income gap between men and women in Midway, Florida has narrowed from about 29% to 22% in 2024. Over that period the gap was widest at 35% in 2011. In dollar terms, the gap has widened by $854 since 2009.
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