Palm Harbor, Florida Income Statistics
Palm Harbor 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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C
Palm Harbor Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Palm Harbor | Florida Avg | US Average |
|---|---|---|---|
| Median Household Income | $79,658 | $74,580 | $80,455 |
| Median Personal Income | $66,001 | $52,322 | $60,758 |
| Average Yearly Income Growth | 4.8% | 5.4% | 4.8% |
| Six-Figure Earners | 14.8% | 11.6% | 13.9% |
| $200k+ Households | 12.1% | 11.0% | 13.2% |
The median household income in Palm Harbor is about 7% higher than in Florida. Income has been growing slower in Palm Harbor (4.8%/yr) than in Florida (5.4%/yr).
About 15% of adults in Palm Harbor 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 Palm Harbor, Florida grew by 45.2% from 2009 to 2024, reaching $79,658 in 2024. That's an average of about 4.8% per year.
Palm Harbor started 7.3% above the U.S. median household income in 2009 but had slipped below it by 2014, and has not been above it since. In 2024 its income was 1.0% lower.
Income Distribution in Palm Harbor
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 10,111 households (39.7% of all households) have an income of $100,000 or more.
Across the U.S.: 40.2% of all households.
In 2024, 21.1% of households in Palm Harbor had an income under $35,000 and 22.6% had $150,000 or more. Across the U.S., those shares were 21.6% and 22.8%.
Compared with the U.S., Palm Harbor has a larger share of households earning $50,000 to $74,999 (17.2% vs 15.5%) and a smaller share earning $15,000 to $24,999 (4.9% vs 6.4%).
| Household income | Households | Share | U.S. share |
|---|---|---|---|
| Under $10,000 | 1,340 | 5.3% | 5.1% |
| $10,000 to $14,999 | 851 | 3.3% | 3.5% |
| $15,000 to $24,999 | 1,246 | 4.9% | 6.4% |
| $25,000 to $34,999 | 1,936 | 7.6% | 6.7% |
| $35,000 to $49,999 | 2,383 | 9.4% | 10.1% |
| $50,000 to $74,999 | 4,372 | 17.2% | 15.5% |
| $75,000 to $99,999 | 3,217 | 12.6% | 12.6% |
| $100,000 to $149,999 | 4,347 | 17.1% | 17.4% |
| $150,000 to $199,999 | 2,687 | 10.6% | 9.5% |
| $200,000 or more | 3,077 | 12.1% | 13.2% |
Shares are of all 25,457 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 7,392 residents (14.8% 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 16.4% of residents who have any income.
In 2024, 9.9% of Palm Harbor residents aged 15 and over reported no personal income, 28.6% had some income but less than $25,000, and 23.3% 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 Harbor has a larger share of residents earning $50,000 to $74,999 (17.1% vs 14.3%) and a smaller share with no personal income (9.9% vs 12.8%).
| Personal income | Residents | Share | U.S. share |
|---|---|---|---|
| No income | 4,924 | 9.9% | 12.8% |
| $1 to $9,999 | 5,052 | 10.1% | 11.2% |
| $10,000 to $14,999 | 3,856 | 7.7% | 7.0% |
| $15,000 to $24,999 | 5,356 | 10.7% | 10.5% |
| $25,000 to $34,999 | 4,984 | 10.0% | 9.5% |
| $35,000 to $49,999 | 5,572 | 11.2% | 12.6% |
| $50,000 to $74,999 | 8,563 | 17.1% | 14.3% |
| $75,000 to $99,999 | 4,258 | 8.5% | 8.2% |
| $100,000 or more | 7,392 | 14.8% | 13.9% |
Shares are of the 49,958 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 9.9% 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 Harbor
| Metric | Palm Harbor | Florida Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.529 | 0.551 | 0.552 |
| Male Median Income | $77,179 | $60,595 | $69,667 |
| Female Median Income | $66,080 | $50,762 | $56,850 |
| Gender Pay Gap | 14.4% | 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 Harbor, it is 0.529, 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 17% more than women's income in Palm Harbor, Florida. Over a 35-year career, a 17% wage gap accumulates to roughly $388,465 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 Harbor, Florida has narrowed from about 28% to 14% in 2024. Over that period the gap was narrowest at 14% in 2022. In dollar terms, the gap has narrowed by $4,011 since 2009.
Employment
| Metric | Palm Harbor | Florida Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.4% | 4.8% | 5.2% |
| Working from Home | 22.4% | 15.7% | 15.0% |
| Commute time (minutes) | 23 | 23 | 22 |
Approximately 954 people are unemployed in Palm Harbor, Florida.
The average commute time in Palm Harbor is 23 minutes, about the same as in Florida.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Palm Harbor, Florida has fallen from 7.4% to 3.4% in 2024. Over that period the rate peaked at 8.9% in 2013 and fell as low as 2.9% in 2023.
Palm Harbor 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 2013, at 0.8 points lower. The gap has widened from 1.3 points in 2011 to 1.9 points in 2024.
Palm Harbor, FL Wealth Compared With Nearby Cities
Palm Harbor, FL is the largest of the 4 cities compared here, 57,735 residents against a local median of 31,654. Where Palm Harbor, FL breaks from the cities next to it is unemployment, sitting 28% below the local median of 4.7% at 3.4%. That is the better end of the local range on this measure.
Income growth tells the same story from another angle: 4.8%/yr against a local median of 6.6%/yr, 27% below it. The picture is mixed rather than uniform: unemployment runs ahead of the neighbourhood while income growth runs behind it, so Palm Harbor, FL is trading one against the other rather than simply out-performing what surrounds it. The cities themselves spread 1.1% on unemployment, so Palm Harbor, FL sits at one end of an already wide local range rather than apart from it. Palm Harbor, FL has the lowest unemployment of the 4 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. |
|---|---|---|---|---|---|
| Palm Harbor, FL | 57,735 | $79,658 #2/4 | 4.8%/yr #3/4 | 3.4% #1/4 | 0.529 #3/4 |
| Dunedin, FL | 36,661 | $74,115 | 6.6%/yr | 4.7% | 0.509 |
| Tarpon Springs, FL | 20,755 | $76,750 | 7.0%/yr | 3.8% | 0.508 |
| East Lake, FL | 31,654 | $98,862 | 2.8%/yr | 5.0% | 0.541 |
Conclusion
Considering all these factors, Palm Harbor, 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 Palm Harbor, Florida.
How Rich Is Palm Harbor, Florida?
Palm Harbor 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 $79,658, about 7% higher than the Florida average of $74,580.
How fast is household income rising in Palm Harbor, Florida?
Between 2009 and 2024, the median household income in Palm Harbor, Florida rose 45%, from $54,847 to $79,658. Over the same years, income here lagged behind Florida as a whole: +45% against +57%.
What was the median household income in Palm Harbor in 2023?
In 2023, the median household income in Palm Harbor, Florida was $75,769, up 6% from $71,211 in 2022. The Florida median that year was $71,864.
What was the median household income in Palm Harbor in 2020?
In 2020, the median household income in Palm Harbor, Florida was $63,382. By 2024 it had risen 26% to $79,658.
How strong is the job market in Palm Harbor, Florida?
Unemployment in Palm Harbor, 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 Palm Harbor, Florida?
The Gini coefficient in Palm Harbor is 0.529. 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 Harbor, Florida?
Since 2009, the income gap between men and women in Palm Harbor, Florida has narrowed from about 28% to 14% in 2024. Over that period the gap was narrowest at 14% in 2022. In dollar terms, the gap has narrowed by $4,011 since 2009.
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