Palm Coast, Florida Income Statistics
Palm Coast 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
Palm Coast Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Palm Coast | Florida Avg | US Average |
|---|---|---|---|
| Median Household Income | $76,900 | $74,580 | $80,455 |
| Median Personal Income | $51,504 | $52,322 | $60,758 |
| Average Yearly Income Growth | 5.8% | 5.4% | 4.8% |
| Six-Figure Earners | 10.2% | 11.6% | 13.9% |
| $200k+ Households | 9.4% | 11.0% | 13.2% |
The median household income in Palm Coast is about 3% higher than in Florida. Income has been growing faster in Palm Coast (5.8%/yr) than in Florida (5.4%/yr).
About 10% of adults in Palm Coast 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 Palm Coast, Florida grew by 61.2% from 2009 to 2024, reaching $76,900 in 2024. That's an average of about 5.8% per year.
Palm Coast has stayed below the U.S. median household income in every year from 2009 to 2024 and has never reached it. The gap has narrowed from 6.7% in 2009 to 4.4% in 2024, the closest it has been.
Income Distribution in Palm Coast
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 13,329 households (37.6% of all households) have an income of $100,000 or more.
Across the U.S.: 40.2% of all households.
In 2024, 20.6% of households in Palm Coast had an income under $35,000 and 17.1% had $150,000 or more. Across the U.S., those shares were 21.6% and 22.8%.
Compared with the U.S., Palm Coast has a larger share of households earning $100,000 to $149,999 (20.5% vs 17.4%) and a smaller share earning $200,000 or more (9.4% vs 13.2%).
| Household income | Households | Share | U.S. share |
|---|---|---|---|
| Under $10,000 | 1,852 | 5.2% | 5.1% |
| $10,000 to $14,999 | 650 | 1.8% | 3.5% |
| $15,000 to $24,999 | 2,336 | 6.6% | 6.4% |
| $25,000 to $34,999 | 2,446 | 6.9% | 6.7% |
| $35,000 to $49,999 | 4,522 | 12.8% | 10.1% |
| $50,000 to $74,999 | 5,542 | 15.6% | 15.5% |
| $75,000 to $99,999 | 4,739 | 13.4% | 12.6% |
| $100,000 to $149,999 | 7,264 | 20.5% | 17.4% |
| $150,000 to $199,999 | 2,739 | 7.7% | 9.5% |
| $200,000 or more | 3,327 | 9.4% | 13.2% |
Shares are of all 35,417 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 7,736 residents (10.2% 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 11.6% of residents who have any income.
In 2024, 12.1% of Palm Coast residents aged 15 and over reported no personal income, 29.5% had some income but less than $25,000, and 17.4% had $75,000 or more. Across the U.S., those shares were 12.8%, 28.7% and 22.0%.
Compared with the U.S., Palm Coast has a larger share of residents earning $35,000 to $49,999 (14.9% vs 12.6%) and a smaller share earning $100,000 or more (10.2% vs 13.9%).
| Personal income | Residents | Share | U.S. share |
|---|---|---|---|
| No income | 9,125 | 12.1% | 12.8% |
| $1 to $9,999 | 7,838 | 10.4% | 11.2% |
| $10,000 to $14,999 | 5,300 | 7.0% | 7.0% |
| $15,000 to $24,999 | 9,197 | 12.2% | 10.5% |
| $25,000 to $34,999 | 8,454 | 11.2% | 9.5% |
| $35,000 to $49,999 | 11,297 | 14.9% | 12.6% |
| $50,000 to $74,999 | 11,232 | 14.9% | 14.3% |
| $75,000 to $99,999 | 5,411 | 7.2% | 8.2% |
| $100,000 or more | 7,736 | 10.2% | 13.9% |
Shares are of the 75,589 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 12.1% 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 Palm Coast
| Metric | Palm Coast | Florida Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.534 | 0.551 | 0.552 |
| Male Median Income | $58,178 | $60,595 | $69,667 |
| Female Median Income | $53,178 | $50,762 | $56,850 |
| Gender Pay Gap | 8.6% | 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 Palm Coast, it is 0.534, 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 9% more than women's income in Palm Coast, Florida. Over a 35-year career, a 9% wage gap accumulates to roughly $175,000 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Palm Coast, Florida has narrowed from about 21% to 9% in 2024. Over that period the gap was widest at 22% in 2018. In dollar terms, the gap has narrowed by $3,423 since 2009.
Employment
| Metric | Palm Coast | Florida Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.5% | 4.8% | 5.2% |
| Working from Home | 17.2% | 15.7% | 15.0% |
| Commute time (minutes) | 21 | 23 | 22 |
Approximately 1,733 people are unemployed in Palm Coast, Florida.
The average commute time in Palm Coast is 21 minutes, shorter than the 23 minutes in Florida.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Palm Coast, Florida has fallen from 10.2% to 4.5% in 2024. Over that period the rate peaked at 12.2% in 2013 and fell as low as 3.9% in 2023.
Palm Coast started 1.5 points above the U.S. unemployment rate in 2011 but had dropped below it by 2017, and has not been above it since. In 2024 its rate was 0.7 points lower.
Conclusion
Considering all these factors, Palm Coast, Florida has an overall wealth index grade of D, making it about on par with Florida, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Palm Coast, Florida.
How Rich Is Palm Coast, Florida?
Palm Coast 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 $76,900, about 3% higher than the Florida average of $74,580.
Are incomes growing in Palm Coast, Florida?
Between 2009 and 2024, the median household income in Palm Coast, Florida rose 61%, from $47,711 to $76,900. Over the same years, income here outpaced Florida as a whole: +61% against +57%.
What was the median household income in Palm Coast in 2023?
In 2023, the median household income in Palm Coast, Florida was $72,330, up 4% from $69,231 in 2022. The Florida median that year was $71,864.
What was the median household income in Palm Coast in 2020?
In 2020, the median household income in Palm Coast, Florida was $57,648. By 2024 it had risen 33% to $76,900.
What is the Gini coefficient in Palm Coast, Florida?
The Gini coefficient in Palm Coast is 0.534. 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 Palm Coast, Florida?
Since 2009, the income gap between men and women in Palm Coast, Florida has narrowed from about 21% to 9% in 2024. Over that period the gap was widest at 22% in 2018. In dollar terms, the gap has narrowed by $3,423 since 2009.
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