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 | North Fort Myers | Florida Avg | US Average |
|---|---|---|---|
| Median Household Income | $58,540 | $71,865 | $78,145 |
| Median Personal Income | $49,624 | $53,537 | $61,726 |
| Average income growth | 4.9% | 5.7% | 5.1% |
| Six-Figure Earners | 6.9% | 10.9% | 13.2% |
The median household income in North Fort Myers is about 19% lower than in Florida. Income has been growing slower in North Fort Myers (4.9%/yr) than in Florida (5.7%/yr).
About 7% of adults in North Fort Myers 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 North Fort Myers, Florida grew by 42.4% from 2009 to 2023, reaching $58,540 in 2023. That's an average of about 4.9% per year.
Economic Inequality in North Fort Myers | Gender Pay Gap | Gini Coefficient
| Metric | North Fort Myers | Florida Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.512 | 0.566 | 0.570 |
| Male Median Income | $56,344 | $58,426 | $67,746 |
| Female Median Income | $44,887 | $48,893 | $54,793 |
| Gender Pay Gap | 20.3% | 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 North Fort Myers, it is 0.512, 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 26% more than women's income in North Fort Myers, Florida. Over a 35-year career, a 26% wage gap accumulates to roughly $400,995 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in North Fort Myers, Florida has narrowed from about 26% to 20% in 2023. In dollar terms, the gap has widened by $689 since 2009.
Employment
| Metric | North Fort Myers | Florida Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.6% | 4.8% | 5.2% |
| Working from Home | 12.6% | 13.9% | 13.4% |
| Commute time (minutes) | 23 | 23 | 22 |
Approximately 517 people are unemployed in North Fort Myers, Florida.
The average commute time in North Fort Myers is 23 minutes, about the same as in Florida.
Unemployment Rate Over Time
Since 2011, the unemployment rate in North Fort Myers, Florida has fallen from 14.0% to 3.6% in 2023.
Conclusion
Considering all these factors, North Fort Myers, Florida has an overall wealth index grade of D, making it about on par with Florida, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in North Fort Myers, Florida.
How Rich Is North Fort Myers, Florida?
North Fort Myers has a wealth index grade of D. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a D grade means residents are somewhat worse off than the U.S. average. The median household income is $58,540, about 19% lower than the Florida average of $71,865.
What is the current median household income in North Fort Myers, Florida?
As of 2023, the median household income in North Fort Myers, Florida is $58,540.
What was the median household income in North Fort Myers in 2023?
In 2023, the median household income in North Fort Myers, Florida was $58,540.
What was the median household income in North Fort Myers in 2020?
In 2020, the median household income in North Fort Myers, Florida was $49,566.
What is the Gini coefficient in North Fort Myers, Florida?
The Gini coefficient in North Fort Myers is 0.512. 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 North Fort Myers, Florida?
Since 2009, the income gap between men and women in North Fort Myers, Florida has narrowed from about 26% to 20% in 2023. In dollar terms, the gap has widened by $689 since 2009.