New Smyrna Beach, Florida Income Statistics
New Smyrna Beach 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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C
New Smyrna Beach Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | New Smyrna Beach | Florida Avg | US Average |
|---|---|---|---|
| Median Household Income | $79,459 | $74,580 | $80,455 |
| Median Personal Income | $55,478 | $52,322 | $60,758 |
| Average Yearly Income Growth | 6.6% | 5.4% | 4.8% |
| Six-Figure Earners | 15.0% | 11.6% | 13.9% |
| $200k+ Households | 9.0% | 11.0% | 13.2% |
The median household income in New Smyrna Beach is about 7% higher than in Florida. Income has been growing faster in New Smyrna Beach (6.6%/yr) than in Florida (5.4%/yr).
About 15% of adults in New Smyrna Beach 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 New Smyrna Beach, Florida grew by 86.1% from 2009 to 2024, reaching $79,459 in 2024. That's an average of about 6.6% per year.
Income Inequality and the Gender Pay Gap in New Smyrna Beach
| Metric | New Smyrna Beach | Florida Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.502 | 0.551 | 0.552 |
| Male Median Income | $61,211 | $60,595 | $69,667 |
| Female Median Income | $57,846 | $50,762 | $56,850 |
| Gender Pay Gap | 5.5% | 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 New Smyrna Beach, it is 0.502, 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 6% more than women's income in New Smyrna Beach, Florida. Over a 35-year career, a 6% wage gap accumulates to roughly $117,775 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in New Smyrna Beach, Florida has narrowed from about 22% to 5% in 2024. Over that period the gap was widest at 29% in 2019. In dollar terms, the gap has narrowed by $5,160 since 2009.
Employment
| Metric | New Smyrna Beach | Florida Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.1% | 4.8% | 5.2% |
| Working from Home | 20.7% | 15.7% | 15.0% |
| Commute time (minutes) | 23 | 23 | 22 |
Approximately 382 people are unemployed in New Smyrna Beach, Florida.
The average commute time in New Smyrna Beach is 23 minutes, about the same as in Florida.
Unemployment Rate Over Time
Since 2011, the unemployment rate in New Smyrna Beach, Florida has fallen from 5.6% to 4.1% in 2024. Over that period the rate peaked at 9.5% in 2013 and fell as low as 2.4% in 2019.
New Smyrna Beach, FL Wealth Compared With Nearby Cities
How New Smyrna Beach, FL compares with the 1 cities closest to it.
| 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. |
|---|---|---|---|---|---|
| New Smyrna Beach, FL | 20,446 | $79,459 #1/2 | 6.6%/yr #1/2 | 4.1% #2/2 | 0.502 #1/2 |
| Port Orange, FL | 51,713 | $72,026 | 6.4%/yr | 4.0% | 0.514 |
Conclusion
Considering all these factors, New Smyrna Beach, 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 New Smyrna Beach, Florida.
How Rich Is New Smyrna Beach, Florida?
New Smyrna Beach 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 $79,459, about 7% higher than the Florida average of $74,580.
Are incomes growing in New Smyrna Beach, Florida?
Between 2009 and 2024, the median household income in New Smyrna Beach, Florida rose 86%, from $42,689 to $79,459. Over the same years, income here outpaced Florida as a whole: +86% against +57%.
What was the median household income in New Smyrna Beach in 2023?
In 2023, the median household income in New Smyrna Beach, Florida was $76,460, up 7% from $71,201 in 2022. The Florida median that year was $71,864.
What was the median household income in New Smyrna Beach in 2020?
In 2020, the median household income in New Smyrna Beach, Florida was $61,146. By 2024 it had risen 30% to $79,459.
What is the Gini coefficient in New Smyrna Beach, Florida?
The Gini coefficient in New Smyrna Beach is 0.502. 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 New Smyrna Beach, Florida?
Since 2009, the income gap between men and women in New Smyrna Beach, Florida has narrowed from about 22% to 5% in 2024. Over that period the gap was widest at 29% in 2019. In dollar terms, the gap has narrowed by $5,160 since 2009.
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