Pasadena Hills, Florida Income Statistics
Pasadena Hills 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.
-
C
Pasadena Hills Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Pasadena Hills | Florida Avg | US Average |
|---|---|---|---|
| Median Household Income | $84,802 | $74,580 | $80,455 |
| Median Personal Income | $56,859 | $52,322 | $60,758 |
| Average Yearly Income Growth | 7.1% | 5.4% | 4.8% |
| Six-Figure Earners | 11.7% | 11.6% | 13.9% |
| $200k+ Households | 10.0% | 11.0% | 13.2% |
The median household income in Pasadena Hills is about 14% higher than in Florida. Income has been growing faster in Pasadena Hills (7.1%/yr) than in Florida (5.4%/yr).
About 12% of adults in Pasadena Hills earn six figures ($100,000 or more) a year, about the same as the Florida average of 12%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Pasadena Hills, Florida grew by 70.3% from 2009 to 2024, reaching $84,802 in 2024. That's an average of about 7.1% per year.
Income Inequality and the Gender Pay Gap in Pasadena Hills
| Metric | Pasadena Hills | Florida Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.538 | 0.551 | 0.552 |
| Male Median Income | $69,967 | $60,595 | $69,667 |
| Female Median Income | $56,978 | $50,762 | $56,850 |
| Gender Pay Gap | 18.6% | 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 Pasadena Hills, it is 0.538, 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 23% more than women's income in Pasadena Hills, Florida. Over a 35-year career, a 23% wage gap accumulates to roughly $454,615 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Pasadena Hills, Florida has narrowed from about 25% to 19% in 2024. Over that period the gap was widest at 31% in 2015, and was narrowest at 11% in 2022. In dollar terms, the gap has widened by $2,108 since 2009.
Employment
| Metric | Pasadena Hills | Florida Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.0% | 4.8% | 5.2% |
| Working from Home | 24.0% | 15.7% | 15.0% |
| Commute time (minutes) | 31 | 23 | 22 |
Approximately 416 people are unemployed in Pasadena Hills, Florida.
The average commute time in Pasadena Hills is 31 minutes, longer than the 23 minutes in Florida.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Pasadena Hills, Florida has fallen from 9.9% to 4.0% in 2024. Over that period the rate peaked at 11.1% in 2012 and fell as low as 3.8% in 2021.
Conclusion
Considering all these factors, Pasadena Hills, 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 Pasadena Hills, Florida.
How Rich Is Pasadena Hills, Florida?
Pasadena Hills 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 $84,802, about 14% higher than the Florida average of $74,580.
How fast is household income rising in Pasadena Hills, Florida?
Between 2009 and 2024, the median household income in Pasadena Hills, Florida rose 70%, from $49,783 to $84,802. Over the same years, income here outpaced Florida as a whole: +70% against +57%.
What was the median household income in Pasadena Hills in 2023?
In 2023, the median household income in Pasadena Hills, Florida was $74,630, up 11% from $67,100 in 2022. The Florida median that year was $71,864.
What was the median household income in Pasadena Hills in 2020?
In 2020, the median household income in Pasadena Hills, Florida was $57,479. By 2024 it had risen 48% to $84,802.
What is the Gini coefficient in Pasadena Hills, Florida?
The Gini coefficient in Pasadena Hills is 0.538. 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 Pasadena Hills, Florida?
Since 2009, the income gap between men and women in Pasadena Hills, Florida has narrowed from about 25% to 19% in 2024. Over that period the gap was widest at 31% in 2015, and was narrowest at 11% in 2022. In dollar terms, the gap has widened by $2,108 since 2009.
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