Ocala, Florida Income Statistics
Ocala 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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D
Ocala Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Ocala | Florida Avg | US Average |
|---|---|---|---|
| Median Household Income | $53,073 | $74,580 | $80,455 |
| Median Personal Income | $44,869 | $52,322 | $60,758 |
| Average Yearly Income Growth | 4.9% | 5.4% | 4.8% |
| Six-Figure Earners | 6.1% | 11.6% | 13.9% |
| $200k+ Households | 5.4% | 11.0% | 13.2% |
The median household income in Ocala is about 29% lower than in Florida. Income has been growing slower in Ocala (4.9%/yr) than in Florida (5.4%/yr).
About 6% of adults in Ocala earn six figures ($100,000 or more) a year, lower than the Florida average of 12%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Ocala, Florida grew by 41.9% from 2009 to 2024, reaching $53,073 in 2024. That's an average of about 4.9% per year.
Ocala has been far below the U.S. median household income in every year from 2009 to 2024. The gap has widened from 27% in 2009, the closest it has been, to 34% in 2024.
Income Distribution in Ocala
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 6,118 households (22.4% of all households) have an income of $100,000 or more.
Across the U.S.: 40.2% of all households.
In 2024, 33.3% of households in Ocala had an income under $35,000 and 9.8% had $150,000 or more. Across the U.S., those shares were 21.6% and 22.8%.
Compared with the U.S., Ocala has a larger share of households earning $25,000 to $34,999 (12.5% vs 6.7%) and a smaller share earning $200,000 or more (5.4% vs 13.2%).
| Household income | Households | Share | U.S. share |
|---|---|---|---|
| Under $10,000 | 1,924 | 7.0% | 5.1% |
| $10,000 to $14,999 | 1,270 | 4.7% | 3.5% |
| $15,000 to $24,999 | 2,479 | 9.1% | 6.4% |
| $25,000 to $34,999 | 3,403 | 12.5% | 6.7% |
| $35,000 to $49,999 | 3,972 | 14.6% | 10.1% |
| $50,000 to $74,999 | 4,707 | 17.2% | 15.5% |
| $75,000 to $99,999 | 3,416 | 12.5% | 12.6% |
| $100,000 to $149,999 | 3,444 | 12.6% | 17.4% |
| $150,000 to $199,999 | 1,208 | 4.4% | 9.5% |
| $200,000 or more | 1,466 | 5.4% | 13.2% |
Shares are of all 27,290 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 3,311 residents (6.1% 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 7.0% of residents who have any income.
In 2024, 12.6% of Ocala residents aged 15 and over reported no personal income, 34.6% had some income but less than $25,000, and 12.3% had $75,000 or more. Across the U.S., those shares were 12.8%, 28.7% and 22.0%.
Compared with the U.S., Ocala has a larger share of residents earning $25,000 to $34,999 (13.2% vs 9.5%) and a smaller share earning $100,000 or more (6.1% vs 13.9%).
| Personal income | Residents | Share | U.S. share |
|---|---|---|---|
| No income | 6,806 | 12.6% | 12.8% |
| $1 to $9,999 | 6,472 | 12.0% | 11.2% |
| $10,000 to $14,999 | 4,709 | 8.7% | 7.0% |
| $15,000 to $24,999 | 7,462 | 13.8% | 10.5% |
| $25,000 to $34,999 | 7,129 | 13.2% | 9.5% |
| $35,000 to $49,999 | 7,711 | 14.3% | 12.6% |
| $50,000 to $74,999 | 7,011 | 13.0% | 14.3% |
| $75,000 to $99,999 | 3,319 | 6.2% | 8.2% |
| $100,000 or more | 3,311 | 6.1% | 13.9% |
Shares are of the 53,930 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 12.6% 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 Ocala
| Metric | Ocala | Florida Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.535 | 0.551 | 0.552 |
| Male Median Income | $53,268 | $60,595 | $69,667 |
| Female Median Income | $42,317 | $50,762 | $56,850 |
| Gender Pay Gap | 20.6% | 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 Ocala, it is 0.535, 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 26% more than women's income in Ocala, Florida. Over a 35-year career, a 26% wage gap accumulates to roughly $383,285 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Ocala, Florida has narrowed from about 23% to 21% in 2024. Over that period the gap was widest at 23% in 2022, and was narrowest at 12% in 2017. In dollar terms, the gap has widened by $1,823 since 2009.
Employment
| Metric | Ocala | Florida Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.1% | 4.8% | 5.2% |
| Working from Home | 11.4% | 15.7% | 15.0% |
| Commute time (minutes) | 16 | 23 | 22 |
Approximately 1,477 people are unemployed in Ocala, Florida.
The average commute time in Ocala is 16 minutes, shorter than the 23 minutes in Florida.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Ocala, Florida has fallen from 12.3% to 5.1% in 2024. Over that period the rate peaked at 14.6% in 2013.
Ocala stayed above the U.S. unemployment rate from 2011 to 2023, starting 3.6 points higher, and dropped below it in the latest figures (2024), at 0.1 points lower.
Ocala, FL Wealth Compared With Nearby Cities
How Ocala, FL compares with the 2 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. |
|---|---|---|---|---|---|
| Ocala, FL | 65,969 | $53,073 #3/3 | 4.9%/yr #2/3 | 5.1% #3/3 | 0.535 #3/3 |
| Liberty Triangle, FL | 25,008 | $66,741 | 3.7%/yr | 4.4% | 0.499 |
| Silver Springs Shores, FL | 26,805 | $65,114 | 7.4%/yr | 4.0% | 0.504 |
Conclusion
Considering all these factors, Ocala, Florida has an overall wealth index grade of D, making it somewhat worse than Florida, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Ocala, Florida.
How Wealthy Is Ocala, Florida?
Ocala 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 $53,073, about 29% lower than the Florida average of $74,580.
Are incomes growing in Ocala, Florida?
Between 2009 and 2024, the median household income in Ocala, Florida rose 42%, from $37,406 to $53,073. Over the same years, income here lagged behind Florida as a whole: +42% against +57%.
What was the median household income in Ocala in 2023?
In 2023, the median household income in Ocala, Florida was $50,671, up 4% from $48,575 in 2022. The Florida median that year was $71,864.
What was the median household income in Ocala in 2020?
In 2020, the median household income in Ocala, Florida was $41,726. By 2024 it had risen 27% to $53,073.
What is the Gini coefficient in Ocala, Florida?
The Gini coefficient in Ocala is 0.535. 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 Ocala, Florida?
Since 2009, the income gap between men and women in Ocala, Florida has narrowed from about 23% to 21% in 2024. Over that period the gap was widest at 23% in 2022, and was narrowest at 12% in 2017. In dollar terms, the gap has widened by $1,823 since 2009.
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