Port Charlotte, Florida Income Statistics
Port Charlotte 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.
-
D
Port Charlotte Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Port Charlotte | Florida Avg | US Average |
|---|---|---|---|
| Median Household Income | $63,811 | $74,580 | $80,455 |
| Median Personal Income | $44,070 | $52,322 | $60,758 |
| Average Yearly Income Growth | 6.5% | 5.4% | 4.8% |
| Six-Figure Earners | 6.1% | 11.6% | 13.9% |
| $200k+ Households | 4.0% | 11.0% | 13.2% |
The median household income in Port Charlotte is about 14% lower than in Florida. Income has been growing faster in Port Charlotte (6.5%/yr) than in Florida (5.4%/yr).
About 6% of adults in Port Charlotte 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 Port Charlotte, Florida grew by 56.1% from 2009 to 2024, reaching $63,811 in 2024. That's an average of about 6.5% per year.
Port Charlotte has stayed well below the U.S. median household income in every year from 2009 to 2024 and has never reached it. It came closest in 2009, at 20% lower. The gap has held fairly steady over the period.
Income Distribution in Port Charlotte
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 5,839 households (24.2% of all households) have an income of $100,000 or more.
Across the U.S.: 40.2% of all households.
In 2024, 25.3% of households in Port Charlotte had an income under $35,000 and 8.9% had $150,000 or more. Across the U.S., those shares were 21.6% and 22.8%.
Compared with the U.S., Port Charlotte has a larger share of households earning $50,000 to $74,999 (22.8% vs 15.5%) and a smaller share earning $200,000 or more (4.0% vs 13.2%).
| Household income | Households | Share | U.S. share |
|---|---|---|---|
| Under $10,000 | 1,168 | 4.8% | 5.1% |
| $10,000 to $14,999 | 670 | 2.8% | 3.5% |
| $15,000 to $24,999 | 2,038 | 8.4% | 6.4% |
| $25,000 to $34,999 | 2,239 | 9.3% | 6.7% |
| $35,000 to $49,999 | 3,038 | 12.6% | 10.1% |
| $50,000 to $74,999 | 5,507 | 22.8% | 15.5% |
| $75,000 to $99,999 | 3,677 | 15.2% | 12.6% |
| $100,000 to $149,999 | 3,691 | 15.3% | 17.4% |
| $150,000 to $199,999 | 1,184 | 4.9% | 9.5% |
| $200,000 or more | 964 | 4.0% | 13.2% |
Shares are of all 24,176 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 3,136 residents (6.1% 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 6.8% of residents who have any income.
In 2024, 10.4% of Port Charlotte residents aged 15 and over reported no personal income, 37.1% had some income but less than $25,000, and 11.6% had $75,000 or more. Across the U.S., those shares were 12.8%, 28.7% and 22.0%.
Compared with the U.S., Port Charlotte has a larger share of residents earning $15,000 to $24,999 (16.8% vs 10.5%) and a smaller share earning $100,000 or more (6.1% vs 13.9%).
| Personal income | Residents | Share | U.S. share |
|---|---|---|---|
| No income | 5,334 | 10.4% | 12.8% |
| $1 to $9,999 | 5,635 | 11.0% | 11.2% |
| $10,000 to $14,999 | 4,781 | 9.3% | 7.0% |
| $15,000 to $24,999 | 8,644 | 16.8% | 10.5% |
| $25,000 to $34,999 | 6,246 | 12.2% | 9.5% |
| $35,000 to $49,999 | 7,692 | 15.0% | 12.6% |
| $50,000 to $74,999 | 7,036 | 13.7% | 14.3% |
| $75,000 to $99,999 | 2,804 | 5.5% | 8.2% |
| $100,000 or more | 3,136 | 6.1% | 13.9% |
Shares are of the 51,307 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 10.4% 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 Port Charlotte
| Metric | Port Charlotte | Florida Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.518 | 0.551 | 0.552 |
| Male Median Income | $52,222 | $60,595 | $69,667 |
| Female Median Income | $43,614 | $50,762 | $56,850 |
| Gender Pay Gap | 16.5% | 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 Port Charlotte, it is 0.518, 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 20% more than women's income in Port Charlotte, Florida. Over a 35-year career, a 20% wage gap accumulates to roughly $301,280 in unearned income for female workers in the area.
Income by Sex Over Time
The income gap between men and women in Port Charlotte, Florida has stayed about the same since 2009, at around 16%. Over that period the gap was widest at 29% in 2012, and was narrowest at 4% in 2021. In dollar terms, the gap has widened by $2,206 since 2009.
Employment
| Metric | Port Charlotte | Florida Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.8% | 4.8% | 5.2% |
| Working from Home | 11.6% | 15.7% | 15.0% |
| Commute time (minutes) | 20 | 23 | 22 |
Approximately 1,685 people are unemployed in Port Charlotte, Florida.
The average commute time in Port Charlotte is 20 minutes, shorter than the 23 minutes in Florida.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Port Charlotte, Florida has fallen from 14.2% to 6.8% in 2024. Over that period the rate peaked at 14.3% in 2012 and fell as low as 5.9% in 2020.
Port Charlotte has stayed well above the U.S. unemployment rate in every year from 2011 to 2024 and has never dropped below it. It came closest in 2020, at 0.5 points higher. The gap has narrowed from 5.5 points in 2011 to 1.6 points in 2024.
Port Charlotte, FL Wealth Compared With Nearby Cities
How Port Charlotte, 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. |
|---|---|---|---|---|---|
| Port Charlotte, FL | 57,766 | $63,811 #2/2 | 6.5%/yr #1/2 | 6.8% #2/2 | 0.518 #2/2 |
| North Port, FL | 83,833 | $84,442 | 5.6%/yr | 4.9% | 0.513 |
Conclusion
Considering all these factors, Port Charlotte, 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 Port Charlotte, Florida.
How Rich Is Port Charlotte, Florida?
Port Charlotte 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 $63,811, about 14% lower than the Florida average of $74,580.
Are incomes growing in Port Charlotte, Florida?
Between 2009 and 2024, the median household income in Port Charlotte, Florida rose 56%, from $40,872 to $63,811. Over the same years, income here kept pace with Florida as a whole: +56% against +57%.
What was the median household income in Port Charlotte in 2023?
In 2023, the median household income in Port Charlotte, Florida was $60,511, up 4% from $58,298 in 2022. The Florida median that year was $71,864.
What was the median household income in Port Charlotte in 2020?
In 2020, the median household income in Port Charlotte, Florida was $50,643. By 2024 it had risen 26% to $63,811.
Is it hard to find a job in Port Charlotte, Florida?
Unemployment in Port Charlotte, Florida is 6.8%, well above the Florida rate of 4.8%, so job seekers may face more competition than elsewhere.
What is the Gini coefficient in Port Charlotte, Florida?
The Gini coefficient in Port Charlotte is 0.518. 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 Port Charlotte, Florida?
The income gap between men and women in Port Charlotte, Florida has stayed about the same since 2009, at around 16%. Over that period the gap was widest at 29% in 2012, and was narrowest at 4% in 2021. In dollar terms, the gap has widened by $2,206 since 2009.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →