Monroe County, Florida Income Statistics
Monroe 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
Monroe County Around averageAmong the top 3 wealthiest counties in Florida
Source: Map AI Methodology
Income Statistics Overview
| Metric | Monroe County | Florida Avg | US Average |
|---|---|---|---|
| Median Household Income | $89,372 | $74,580 | $80,455 |
| Median Personal Income | $55,421 | $52,322 | $60,758 |
| Average Yearly Income Growth | 5.0% | 5.4% | 4.8% |
| Six-Figure Earners | 17.0% | 11.6% | 13.9% |
| $200k+ Households | 16.3% | 11.0% | 13.2% |
The median household income in Monroe County is about 20% higher than in Florida. Income has been growing slower in Monroe County (5.0%/yr) than in Florida (5.4%/yr).
About 17% of adults in Monroe 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 Monroe County, Florida grew by 61.3% from 2009 to 2024, reaching $89,372 in 2024. That's an average of about 5.0% per year.
Income Inequality and the Gender Pay Gap in Monroe County
| Metric | Monroe County | Florida Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.518 | 0.551 | 0.552 |
| Male Median Income | $66,980 | $60,595 | $69,667 |
| Female Median Income | $53,596 | $50,762 | $56,850 |
| Gender Pay Gap | 20.0% | 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 Monroe County, it is 0.518, 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 25% more than women's income in Monroe County, Florida. Over a 35-year career, a 25% wage gap accumulates to roughly $468,440 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Monroe County, Florida has widened from about 14% to 20% in 2024. Over that period the gap was widest at 20% in 2022, and was narrowest at 10% in 2018. In dollar terms, the gap has widened by $7,674 since 2009.
Sharply against the trend: the pay gap in Monroe County widened by 6.3 points while Florida's narrowed by 2.5 points.
Employment
| Metric | Monroe County | Florida Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.8% | 4.8% | 5.2% |
| Working from Home | 13.2% | 15.7% | 15.0% |
| Commute time (minutes) | 16 | 23 | 22 |
Approximately 1,254 people are unemployed in Monroe County, Florida.
The average commute time in Monroe County is 16 minutes, shorter than the 23 minutes in Florida.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Monroe County, Florida has fallen from 5.9% to 2.8% in 2024. Over that period the rate peaked at 7.3% in 2013 and fell as low as 2.8% in 2018.
Monroe County, FL Wealth Compared With Nearby Counties
Monroe County, FL is the 5th largest of the 6 counties compared here, 81,860 residents against a local median of 815,257. Where Monroe County, FL breaks from the counties next to it is unemployment, sitting 35% below the local median of 4.4% at 2.8%. That is the better end of the local range on this measure.
Median household income tells the same story from another angle: $89,372 against a local median of $76,097, 17% above it. Every measure here with a clear better direction points the same way, so Monroe County, FL is not trading one advantage for another, it reads stronger than its neighbours across the board. The counties themselves spread 1.5% on unemployment, so Monroe County, FL sits at one end of an already wide local range rather than apart from it. Monroe County, FL has the lowest unemployment 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. |
|---|---|---|---|---|---|
| Monroe County, FL | 81,860 | $89,372 #2/6 | 5.0%/yr #5/6 | 2.8% #1/6 | 0.518 #1/6 |
| Miami-Dade County, FL | 2,733,460 | $71,937 | 6.2%/yr | 4.6% | 0.577 |
| Collier County, FL | 398,267 | $90,750 | 5.4%/yr | 3.9% | 0.542 |
| Broward County, FL | 1,975,984 | $77,494 | 4.8%/yr | 5.4% | 0.553 |
| Hendry County, FL | 42,373 | $57,352 | 5.7%/yr | 4.4% | 0.563 |
| Lee County, FL | 815,257 | $76,097 | 5.3%/yr | 4.0% | 0.535 |
Conclusion
Considering all these factors, Monroe 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 Monroe County, Florida.
How Rich Is Monroe County, Florida?
Monroe 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 $89,372, about 20% higher than the Florida average of $74,580.
Are incomes growing in Monroe County, Florida?
Between 2009 and 2024, the median household income in Monroe County, Florida rose 61%, from $55,396 to $89,372. Over the same years, income here outpaced Florida as a whole: +61% against +57%.
What was the median household income in Monroe County in 2023?
In 2023, the median household income in Monroe County, Florida was $83,464, up 3% from $80,952 in 2022. The Florida median that year was $71,864.
What was the median household income in Monroe County in 2020?
In 2020, the median household income in Monroe County, Florida was $73,234. By 2024 it had risen 22% to $89,372.
How many people earn six figures in Monroe County, Florida?
Yes. 17% of adults in Monroe County, Florida earn $100,000 or more a year (about 1 in 6), against 12% (about 1 in 9) in Florida. 16% of households have a combined income of $200,000 or more, compared with 11% in Florida.
Is unemployment high in Monroe County, Florida?
Unemployment in Monroe County, Florida is only 2.8%, 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 Monroe County, Florida?
The Gini coefficient in Monroe County is 0.518. 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 Monroe County, Florida?
Since 2009, the income gap between men and women in Monroe County, Florida has widened from about 14% to 20% in 2024. Over that period the gap was widest at 20% in 2022, and was narrowest at 10% in 2018. In dollar terms, the gap has widened by $7,674 since 2009.
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