Wealth Index
Wealthier than 70% of counties in Florida
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 | Orange County | Florida Avg | US Average |
|---|---|---|---|
| Median Household Income | $77,244 | $71,865 | $78,145 |
| Median Personal Income | $53,618 | $53,537 | $61,726 |
| Average income growth | 6.6% | 5.7% | 5.1% |
| Six-Figure Earners | 10.9% | 10.9% | 13.2% |
The median household income in Orange County is about 7% higher than in Florida. Income has been growing faster in Orange County (6.6%/yr) than in Florida (5.7%/yr).
About 11% of adults in Orange County earn six figures ($100,000 or more) a year, about the same as the Florida average of 11%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Orange County, Florida grew by 53.3% from 2009 to 2023, reaching $77,244 in 2023. That's an average of about 6.6% per year.
Economic Inequality in Orange County | Gender Pay Gap | Gini Coefficient
| Metric | Orange County | Florida Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.575 | 0.566 | 0.570 |
| Male Median Income | $59,050 | $58,426 | $67,746 |
| Female Median Income | $48,402 | $48,893 | $54,793 |
| Gender Pay Gap | 18.0% | 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 Orange County, it is 0.575, higher than Florida's 0.566, so income is less evenly distributed here than there, and about the same as the US's 0.570, so income here is about as evenly distributed as there.
Men's income is about 22% more than women's income in Orange County, Florida. Over a 35-year career, a 22% wage gap accumulates to roughly $372,680 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Orange County, Florida has narrowed from about 20% to 18% in 2023. In dollar terms, the gap has widened by $2,669 since 2009.
Employment
| Metric | Orange County | Florida Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.5% | 4.8% | 5.2% |
| Working from Home | 15.9% | 13.9% | 13.4% |
| Commute time (minutes) | 26 | 23 | 22 |
Approximately 42,842 people are unemployed in Orange County, Florida.
The average commute time in Orange County is 26 minutes, longer than the 23 minutes in Florida.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Orange County, Florida has fallen from 10.2% to 5.5% in 2023.
Conclusion
Considering all these factors, Orange County, 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 Orange County, Florida.
How Wealthy Is Orange County, Florida?
Orange County 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 $77,244, about 7% higher than the Florida average of $71,865.
What is the current median household income in Orange County, Florida?
As of 2023, the median household income in Orange County, Florida is $77,244.
What was the median household income in Orange County in 2023?
In 2023, the median household income in Orange County, Florida was $77,244.
What was the median household income in Orange County in 2020?
In 2020, the median household income in Orange County, Florida was $61,680.
What is the Gini coefficient in Orange County, Florida?
The Gini coefficient in Orange County is 0.575. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is almost the same as the US average of 0.570, so income is distributed about as equally as in the country overall.
How has the income gap between men and women changed in Orange County, Florida?
Since 2009, the income gap between men and women in Orange County, Florida has narrowed from about 20% to 18% in 2023. In dollar terms, the gap has widened by $2,669 since 2009.