Oviedo, Florida Income Statistics
Oviedo 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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B
Oviedo Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Oviedo | Florida Avg | US Average |
|---|---|---|---|
| Median Household Income | $106,716 | $74,580 | $80,455 |
| Median Personal Income | $66,169 | $52,322 | $60,758 |
| Average Yearly Income Growth | 5.2% | 5.4% | 4.8% |
| Six-Figure Earners | 16.5% | 11.6% | 13.9% |
| $200k+ Households | 15.9% | 11.0% | 13.2% |
The median household income in Oviedo is about 43% higher than in Florida. Income has been growing slower in Oviedo (5.2%/yr) than in Florida (5.4%/yr).
About 17% of adults in Oviedo 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 Oviedo, Florida grew by 53.2% from 2009 to 2024, reaching $106,716 in 2024. That's an average of about 5.2% per year.
Oviedo has been far above the U.S. median household income in every year from 2009 to 2024. Even at its closest, in 2017, its income was 27% higher. The gap has narrowed from 36% in 2009 to 33% in 2024.
Income Distribution in Oviedo
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 5,583 households (53.2% of all households) have an income of $100,000 or more.
Across the U.S.: 40.2% of all households.
In 2024, 12.7% of households in Oviedo had an income under $35,000 and 30.0% had $150,000 or more. Across the U.S., those shares were 21.6% and 22.8%.
Compared with the U.S., Oviedo has a larger share of households earning $100,000 to $149,999 (23.1% vs 17.4%) and a smaller share earning $25,000 to $34,999 (2.9% vs 6.7%).
| Household income | Households | Share | U.S. share |
|---|---|---|---|
| Under $10,000 | 361 | 3.4% | 5.1% |
| $10,000 to $14,999 | 168 | 1.6% | 3.5% |
| $15,000 to $24,999 | 503 | 4.8% | 6.4% |
| $25,000 to $34,999 | 305 | 2.9% | 6.7% |
| $35,000 to $49,999 | 753 | 7.2% | 10.1% |
| $50,000 to $74,999 | 1,755 | 16.7% | 15.5% |
| $75,000 to $99,999 | 1,076 | 10.2% | 12.6% |
| $100,000 to $149,999 | 2,432 | 23.1% | 17.4% |
| $150,000 to $199,999 | 1,477 | 14.1% | 9.5% |
| $200,000 or more | 1,674 | 15.9% | 13.2% |
Shares are of all 10,504 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 4,103 residents (16.5% 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 19.4% of residents who have any income.
In 2024, 14.8% of Oviedo residents aged 15 and over reported no personal income, 27.6% had some income but less than $25,000, and 23.8% had $75,000 or more. Across the U.S., those shares were 12.8%, 28.7% and 22.0%.
Compared with the U.S., Oviedo has a larger share of residents earning $100,000 or more (16.5% vs 13.9%) and a smaller share earning $25,000 to $34,999 (7.2% vs 9.5%).
| Personal income | Residents | Share | U.S. share |
|---|---|---|---|
| No income | 3,682 | 14.8% | 12.8% |
| $1 to $9,999 | 2,811 | 11.3% | 11.2% |
| $10,000 to $14,999 | 1,621 | 6.5% | 7.0% |
| $15,000 to $24,999 | 2,423 | 9.8% | 10.5% |
| $25,000 to $34,999 | 1,784 | 7.2% | 9.5% |
| $35,000 to $49,999 | 3,022 | 12.2% | 12.6% |
| $50,000 to $74,999 | 3,563 | 14.4% | 14.3% |
| $75,000 to $99,999 | 1,805 | 7.3% | 8.2% |
| $100,000 or more | 4,103 | 16.5% | 13.9% |
Shares are of the 24,813 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 14.8% 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 Oviedo
| Metric | Oviedo | Florida Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.566 | 0.551 | 0.552 |
| Male Median Income | $74,975 | $60,595 | $69,667 |
| Female Median Income | $62,578 | $50,762 | $56,850 |
| Gender Pay Gap | 16.5% | 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 Oviedo, it is 0.566, higher than Florida's 0.551, so income is less evenly distributed here than there, and higher than the US's 0.552, so income is less evenly distributed here than there.
Men's income is about 20% more than women's income in Oviedo, Florida. Over a 35-year career, a 20% wage gap accumulates to roughly $433,895 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Oviedo, Florida has narrowed from about 34% to 17% in 2024. In dollar terms, the gap has narrowed by $8,325 since 2009.
Employment
| Metric | Oviedo | Florida Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.9% | 4.8% | 5.2% |
| Working from Home | 26.0% | 15.7% | 15.0% |
| Commute time (minutes) | 26 | 23 | 22 |
Approximately 801 people are unemployed in Oviedo, Florida.
The average commute time in Oviedo is 26 minutes, longer than the 23 minutes in Florida.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Oviedo, Florida has fallen from 8.2% to 4.9% in 2024. Over that period the rate peaked at 9.5% in 2013 and fell as low as 4.5% in 2019.
Oviedo has stayed below the U.S. unemployment rate in every year from 2011 to 2024 and has never risen above it. It came closest in 2014, at 0.2 points lower. The gap has held fairly steady over the period.
Oviedo, FL Wealth Compared With Nearby Cities
How Oviedo, 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. |
|---|---|---|---|---|---|
| Oviedo, FL | 30,478 | $106,716 #1/3 | 5.2%/yr #2/3 | 4.9% #2/3 | 0.566 #2/3 |
| University, FL | 42,090 | $62,438 | 5.3%/yr | 8.1% | 0.770 |
| Winter Springs, FL | 33,252 | $90,363 | 4.5%/yr | 3.8% | 0.527 |
Conclusion
Considering all these factors, Oviedo, 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 Oviedo, Florida.
How Wealthy Is Oviedo, Florida?
Oviedo 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 $106,716, about 43% higher than the Florida average of $74,580.
Are incomes growing in Oviedo, Florida?
Between 2009 and 2024, the median household income in Oviedo, Florida rose 53%, from $69,678 to $106,716. Over the same years, income here lagged behind Florida as a whole: +53% against +57%.
What was the median household income in Oviedo in 2023?
In 2023, the median household income in Oviedo, Florida was $102,999, up 2% from $101,024 in 2022. The Florida median that year was $71,864.
What was the median household income in Oviedo in 2020?
In 2020, the median household income in Oviedo, Florida was $86,258. By 2024 it had risen 24% to $106,716.
Do many residents of Oviedo, Florida earn over $100,000?
Yes. 17% of adults in Oviedo, Florida earn $100,000 or more a year (about 1 in 6), against 12% (about 1 in 9) in Florida. 16% of households have a combined income of $200,000 or more, compared with 11% in Florida.
What is the Gini coefficient in Oviedo, Florida?
The Gini coefficient in Oviedo is 0.566. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is higher than the US average of 0.552, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in Oviedo, Florida?
Since 2009, the income gap between men and women in Oviedo, Florida has narrowed from about 34% to 17% in 2024. In dollar terms, the gap has narrowed by $8,325 since 2009.
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