Okaloosa County, Florida Income Statistics
Okaloosa 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
Okaloosa County Around averageWealthier than 91% of counties in Florida
Source: Map AI Methodology
Income Statistics Overview
| Metric | Okaloosa County | Florida Avg | US Average |
|---|---|---|---|
| Median Household Income | $82,690 | $74,580 | $80,455 |
| Median Personal Income | $56,607 | $52,322 | $60,758 |
| Average Yearly Income Growth | 4.6% | 5.4% | 4.8% |
| Six-Figure Earners | 13.8% | 11.6% | 13.9% |
| $200k+ Households | 11.6% | 11.0% | 13.2% |
The median household income in Okaloosa County is about 11% higher than in Florida. Income has been growing slower in Okaloosa County (4.6%/yr) than in Florida (5.4%/yr).
About 14% of adults in Okaloosa 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 Okaloosa County, Florida grew by 53.5% from 2009 to 2024, reaching $82,690 in 2024. That's an average of about 4.6% per year.
Income Inequality and the Gender Pay Gap in Okaloosa County
| Metric | Okaloosa County | Florida Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.531 | 0.551 | 0.552 |
| Male Median Income | $65,968 | $60,595 | $69,667 |
| Female Median Income | $50,962 | $50,762 | $56,850 |
| Gender Pay Gap | 22.7% | 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 Okaloosa County, it is 0.531, 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 29% more than women's income in Okaloosa County, Florida. Over a 35-year career, a 29% wage gap accumulates to roughly $525,210 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Okaloosa County, Florida has narrowed from about 26% to 23% in 2024. Over that period the gap was widest at 27% in 2021, and was narrowest at 22% in 2016. In dollar terms, the gap has widened by $3,430 since 2009.
Employment
| Metric | Okaloosa County | Florida Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.4% | 4.8% | 5.2% |
| Working from Home | 9.7% | 15.7% | 15.0% |
| Commute time (minutes) | 21 | 23 | 22 |
Approximately 3,789 people are unemployed in Okaloosa County, Florida.
The average commute time in Okaloosa County is 21 minutes, shorter than the 23 minutes in Florida.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Okaloosa County, Florida has fallen from 7.6% to 3.4% in 2024. Over that period the rate peaked at 8.1% in 2013 and fell as low as 2.8% in 2023.
Okaloosa County, FL Wealth Compared With Nearby Counties
Okaloosa County, FL is the 2nd largest of the 6 counties compared here, 216,584 residents against a local median of 82,948. The measure that sets Okaloosa County, FL apart most is unemployment: 3.4%, 35% below the local median of 5.2%. That is the better end of the local range on this measure.
Median household income tells the same story from another angle: $82,690 against a local median of $68,372, 21% above it. Every measure here with a clear better direction points the same way, so Okaloosa County, FL is not trading one advantage for another, it reads stronger than its neighbours across the board. The counties themselves spread 5.8% on unemployment, so Okaloosa County, FL sits at one end of an already wide local range rather than apart from it. Okaloosa 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. |
|---|---|---|---|---|---|
| Okaloosa County, FL | 216,584 | $82,690 #3/6 | 4.6%/yr #5/6 | 3.4% #1/6 | 0.531 #1/6 |
| Walton County, FL | 82,948 | $83,983 | 7.6%/yr | 4.8% | 0.543 |
| Santa Rosa County, FL | 198,472 | $92,227 | 5.4%/yr | 4.2% | 0.549 |
| Covington County, AL | 37,628 | $52,694 | 4.3%/yr | 5.2% | 0.559 |
| Escambia County, FL | 325,414 | $68,372 | 5.1%/yr | 5.5% | 0.543 |
| Escambia County, AL | 36,629 | $48,221 | 5.1%/yr | 10.0% | 0.597 |
Conclusion
Considering all these factors, Okaloosa 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 Okaloosa County, Florida.
How Wealthy Is Okaloosa County, Florida?
Okaloosa 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 $82,690, about 11% higher than the Florida average of $74,580.
How fast is household income rising in Okaloosa County, Florida?
Between 2009 and 2024, the median household income in Okaloosa County, Florida rose 53%, from $53,882 to $82,690. Over the same years, income here lagged behind Florida as a whole: +53% against +57%.
What was the median household income in Okaloosa County in 2023?
In 2023, the median household income in Okaloosa County, Florida was $79,455, up 7% from $74,259 in 2022. The Florida median that year was $71,864.
What was the median household income in Okaloosa County in 2020?
In 2020, the median household income in Okaloosa County, Florida was $65,341. By 2024 it had risen 27% to $82,690.
Is it hard to find a job in Okaloosa County, Florida?
Unemployment in Okaloosa County, Florida is only 3.4%, 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 Okaloosa County, Florida?
The Gini coefficient in Okaloosa County is 0.531. 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 Okaloosa County, Florida?
Since 2009, the income gap between men and women in Okaloosa County, Florida has narrowed from about 26% to 23% in 2024. Over that period the gap was widest at 27% in 2021, and was narrowest at 22% in 2016. In dollar terms, the gap has widened by $3,430 since 2009.
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