Palm River-Clair Mel, Florida Income Statistics
Palm River-Clair Mel 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 River-Clair Mel Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Palm River-Clair Mel | Florida Avg | US Average |
|---|---|---|---|
| Median Household Income | $71,615 | $74,580 | $80,455 |
| Median Personal Income | $47,121 | $52,322 | $60,758 |
| Average Yearly Income Growth | 8.1% | 5.4% | 4.8% |
| Six-Figure Earners | 7.9% | 11.6% | 13.9% |
| $200k+ Households | 6.1% | 11.0% | 13.2% |
The median household income in Palm River-Clair Mel is about 4% lower than in Florida. Income has been growing faster in Palm River-Clair Mel (8.1%/yr) than in Florida (5.4%/yr).
About 8% of adults in Palm River-Clair Mel 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 River-Clair Mel, Florida grew by 70.1% from 2009 to 2024, reaching $71,615 in 2024. That's an average of about 8.1% per year.
Palm River-Clair Mel has stayed well below the U.S. median household income in every year from 2009 to 2024 and has never reached it. The gap has narrowed from 18% in 2009 to 11% in 2024, the closest it has been.
Income Distribution in Palm River-Clair Mel
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 2,895 households (30.2% of all households) have an income of $100,000 or more.
Across the U.S.: 40.2% of all households.
In 2024, 24.2% of households in Palm River-Clair Mel had an income under $35,000 and 13.4% had $150,000 or more. Across the U.S., those shares were 21.6% and 22.8%.
Compared with the U.S., Palm River-Clair Mel has a larger share of households earning $75,000 to $99,999 (17.5% vs 12.6%) and a smaller share earning $200,000 or more (6.1% vs 13.2%).
| Household income | Households | Share | U.S. share |
|---|---|---|---|
| Under $10,000 | 427 | 4.5% | 5.1% |
| $10,000 to $14,999 | 232 | 2.4% | 3.5% |
| $15,000 to $24,999 | 739 | 7.7% | 6.4% |
| $25,000 to $34,999 | 916 | 9.6% | 6.7% |
| $35,000 to $49,999 | 1,074 | 11.2% | 10.1% |
| $50,000 to $74,999 | 1,621 | 16.9% | 15.5% |
| $75,000 to $99,999 | 1,678 | 17.5% | 12.6% |
| $100,000 to $149,999 | 1,606 | 16.8% | 17.4% |
| $150,000 to $199,999 | 700 | 7.3% | 9.5% |
| $200,000 or more | 589 | 6.1% | 13.2% |
Shares are of all 9,583 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 1,661 residents (7.9% 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 9.2% of residents who have any income.
In 2024, 14.5% of Palm River-Clair Mel residents aged 15 and over reported no personal income, 28.5% had some income but less than $25,000, and 16.2% 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 River-Clair Mel has a larger share of residents earning $25,000 to $34,999 (14.0% vs 9.5%) and a smaller share earning $100,000 or more (7.9% vs 13.9%).
| Personal income | Residents | Share | U.S. share |
|---|---|---|---|
| No income | 3,073 | 14.5% | 12.8% |
| $1 to $9,999 | 2,009 | 9.5% | 11.2% |
| $10,000 to $14,999 | 1,545 | 7.3% | 7.0% |
| $15,000 to $24,999 | 2,474 | 11.7% | 10.5% |
| $25,000 to $34,999 | 2,953 | 14.0% | 9.5% |
| $35,000 to $49,999 | 2,836 | 13.4% | 12.6% |
| $50,000 to $74,999 | 2,830 | 13.4% | 14.3% |
| $75,000 to $99,999 | 1,755 | 8.3% | 8.2% |
| $100,000 or more | 1,661 | 7.9% | 13.9% |
Shares are of the 21,137 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 14.5% 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 River-Clair Mel
| Metric | Palm River-Clair Mel | Florida Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.536 | 0.551 | 0.552 |
| Male Median Income | $53,953 | $60,595 | $69,667 |
| Female Median Income | $46,458 | $50,762 | $56,850 |
| Gender Pay Gap | 13.9% | 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 River-Clair Mel, it is 0.536, 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 16% more than women's income in Palm River-Clair Mel, Florida. Over a 35-year career, a 16% wage gap accumulates to roughly $262,325 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 River-Clair Mel, Florida has widened from about 9% to 14% in 2024. Over that period the gap was widest at 29% in 2012. In dollar terms, the gap has widened by $4,505 since 2009.
Sharply against the trend: the pay gap in Palm River-Clair Mel widened by 4.7 points while Florida's narrowed by 2.5 points.
Employment
| Metric | Palm River-Clair Mel | Florida Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.7% | 4.8% | 5.2% |
| Working from Home | 16.9% | 15.7% | 15.0% |
| Commute time (minutes) | 26 | 23 | 22 |
Approximately 673 people are unemployed in Palm River-Clair Mel, Florida.
The average commute time in Palm River-Clair Mel is 26 minutes, longer than the 23 minutes in Florida.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Palm River-Clair Mel, Florida has fallen from 12.4% to 4.7% in 2024. Over that period the rate peaked at 16.9% in 2013 and fell as low as 4.6% in 2023.
Palm River-Clair Mel started 3.7 points above the U.S. unemployment rate in 2011 but had dropped below it by 2021, and has not been above it since. In 2024 its rate was 0.6 points lower.
Palm River-Clair Mel, FL Wealth Compared With Nearby Cities
How Palm River-Clair Mel, 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. |
|---|---|---|---|---|---|
| Palm River-Clair Mel, FL | 26,532 | $71,615 #2/3 | 8.1%/yr #1/3 | 4.7% #2/3 | 0.536 #3/3 |
| East Lake-Orient Park, FL | 30,711 | $57,270 | 5.5%/yr | 5.8% | 0.528 |
| Brandon, FL | 119,418 | $80,046 | 4.1%/yr | 4.5% | 0.531 |
Conclusion
Considering all these factors, Palm River-Clair Mel, 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 River-Clair Mel, Florida.
How Rich Is Palm River-Clair Mel, Florida?
Palm River-Clair Mel 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 $71,615, about 4% lower than the Florida average of $74,580.
Are incomes growing in Palm River-Clair Mel, Florida?
Between 2009 and 2024, the median household income in Palm River-Clair Mel, Florida rose 70%, from $42,113 to $71,615. Over the same years, income here outpaced Florida as a whole: +70% against +57%.
What was the median household income in Palm River-Clair Mel in 2023?
In 2023, the median household income in Palm River-Clair Mel, Florida was $63,465, up 10% from $57,754 in 2022. The Florida median that year was $71,864.
What was the median household income in Palm River-Clair Mel in 2020?
In 2020, the median household income in Palm River-Clair Mel, Florida was $47,950. By 2024 it had risen 49% to $71,615.
What is the Gini coefficient in Palm River-Clair Mel, Florida?
The Gini coefficient in Palm River-Clair Mel is 0.536. 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 River-Clair Mel, Florida?
Since 2009, the income gap between men and women in Palm River-Clair Mel, Florida has widened from about 9% to 14% in 2024. Over that period the gap was widest at 29% in 2012. In dollar terms, the gap has widened by $4,505 since 2009.
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