Pace, Florida Income Statistics
Pace 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
Pace Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Pace | Florida Avg | US Average |
|---|---|---|---|
| Median Household Income | $83,843 | $74,580 | $80,455 |
| Median Personal Income | $57,137 | $52,322 | $60,758 |
| Average Yearly Income Growth | 4.2% | 5.4% | 4.8% |
| Six-Figure Earners | 11.0% | 11.6% | 13.9% |
| $200k+ Households | 9.1% | 11.0% | 13.2% |
The median household income in Pace is about 12% higher than in Florida. Income has been growing slower in Pace (4.2%/yr) than in Florida (5.4%/yr).
About 11% of adults in Pace 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 Pace, Florida grew by 45.0% from 2009 to 2024, reaching $83,843 in 2024. That's an average of about 4.2% per year.
Pace has been above the U.S. median household income in most years since 2009, but dipped below it in 2020-2021 (as much as 1.4% lower). In 2024 its income was 4.2% higher.
Income Distribution in Pace
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 3,093 households (41.8% of all households) have an income of $100,000 or more.
Across the U.S.: 40.2% of all households.
In 2024, 14.9% of households in Pace had an income under $35,000 and 19.0% had $150,000 or more. Across the U.S., those shares were 21.6% and 22.8%.
Compared with the U.S., Pace has a larger share of households earning $100,000 to $149,999 (22.8% vs 17.4%) and a smaller share earning $200,000 or more (9.1% vs 13.2%).
| Household income | Households | Share | U.S. share |
|---|---|---|---|
| Under $10,000 | 135 | 1.8% | 5.1% |
| $10,000 to $14,999 | 92 | 1.2% | 3.5% |
| $15,000 to $24,999 | 531 | 7.2% | 6.4% |
| $25,000 to $34,999 | 344 | 4.6% | 6.7% |
| $35,000 to $49,999 | 964 | 13.0% | 10.1% |
| $50,000 to $74,999 | 1,303 | 17.6% | 15.5% |
| $75,000 to $99,999 | 942 | 12.7% | 12.6% |
| $100,000 to $149,999 | 1,689 | 22.8% | 17.4% |
| $150,000 to $199,999 | 733 | 9.9% | 9.5% |
| $200,000 or more | 671 | 9.1% | 13.2% |
Shares are of all 7,404 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 1,829 residents (11.0% 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 12.6% of residents who have any income.
In 2024, 12.8% of Pace residents aged 15 and over reported no personal income, 29.5% had some income but less than $25,000, and 19.4% had $75,000 or more. Across the U.S., those shares were 12.8%, 28.7% and 22.0%.
Compared with the U.S., Pace has a larger share of residents earning $1 to $9,999 (13.6% vs 11.2%) and a smaller share earning $100,000 or more (11.0% vs 13.9%).
| Personal income | Residents | Share | U.S. share |
|---|---|---|---|
| No income | 2,128 | 12.8% | 12.8% |
| $1 to $9,999 | 2,258 | 13.6% | 11.2% |
| $10,000 to $14,999 | 945 | 5.7% | 7.0% |
| $15,000 to $24,999 | 1,691 | 10.2% | 10.5% |
| $25,000 to $34,999 | 1,725 | 10.4% | 9.5% |
| $35,000 to $49,999 | 1,877 | 11.3% | 12.6% |
| $50,000 to $74,999 | 2,760 | 16.6% | 14.3% |
| $75,000 to $99,999 | 1,393 | 8.4% | 8.2% |
| $100,000 or more | 1,829 | 11.0% | 13.9% |
Shares are of the 16,606 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 12.8% 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 Pace
| Metric | Pace | Florida Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.549 | 0.551 | 0.552 |
| Male Median Income | $70,491 | $60,595 | $69,667 |
| Female Median Income | $53,512 | $50,762 | $56,850 |
| Gender Pay Gap | 24.1% | 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 Pace, it is 0.549, about the same as Florida's 0.551, so income here is about as evenly distributed as there, and about the same as the US's 0.552, so income here is about as evenly distributed as there.
Men's income is about 32% more than women's income in Pace, Florida. Over a 35-year career, a 32% wage gap accumulates to roughly $594,265 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Pace, Florida has narrowed from about 37% to 24% in 2024. Over that period the gap was narrowest at 24% in 2020. In dollar terms, the gap has narrowed by $1,627 since 2009.
Employment
| Metric | Pace | Florida Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.4% | 4.8% | 5.2% |
| Working from Home | 13.0% | 15.7% | 15.0% |
| Commute time (minutes) | 27 | 23 | 22 |
Approximately 510 people are unemployed in Pace, Florida.
The average commute time in Pace is 27 minutes, longer than the 23 minutes in Florida.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Pace, Florida has fallen from 8.5% to 5.4% in 2024. Over that period the rate peaked at 9.1% in 2012 and fell as low as 2.8% in 2017.
Pace stayed below the U.S. unemployment rate from 2011 to 2023, starting 0.2 points lower, and rose above it in the latest figures (2024), at 0.2 points higher.
Pace, FL Wealth Compared With Nearby Cities
How Pace, FL compares with the 1 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. |
|---|---|---|---|---|---|
| Pace, FL | 21,081 | $83,843 #1/2 | 4.2%/yr #2/2 | 5.4% #1/2 | 0.549 #2/2 |
| Ferry Pass, FL | 32,041 | $66,266 | 5.4%/yr | 5.6% | 0.525 |
Conclusion
Considering all these factors, Pace, 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 Pace, Florida.
How Rich Is Pace, Florida?
Pace 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 $83,843, about 12% higher than the Florida average of $74,580.
Are incomes growing in Pace, Florida?
Between 2009 and 2024, the median household income in Pace, Florida rose 45%, from $57,814 to $83,843. Over the same years, income here lagged behind Florida as a whole: +45% against +57%.
What was the median household income in Pace in 2023?
In 2023, the median household income in Pace, Florida was $87,072, up 16% from $74,815 in 2022. The Florida median that year was $71,864.
What was the median household income in Pace in 2020?
In 2020, the median household income in Pace, Florida was $64,055. By 2024 it had risen 31% to $83,843.
What is the Gini coefficient in Pace, Florida?
The Gini coefficient in Pace is 0.549. 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 0.552, so income is distributed about as equally as in the country overall.
How has the income gap between men and women changed in Pace, Florida?
Since 2009, the income gap between men and women in Pace, Florida has narrowed from about 37% to 24% in 2024. Over that period the gap was narrowest at 24% in 2020. In dollar terms, the gap has narrowed by $1,627 since 2009.
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