Wealth Index
The wealth index reflects the overall economic prosperity and financial well-being of a county's residents based on income levels, employment rates, and income inequality metrics.
Income Statistics Overview
| Metric | Port St. Lucie | Florida Avg | US Average |
|---|---|---|---|
| Median Household Income | $78,969 | $71,865 | $78,145 |
| Median Personal Income | $50,544 | $53,537 | $61,726 |
| Average income growth | 6.4% | 5.7% | 5.1% |
| Six-Figure Earners | 8.2% | 10.9% | 13.2% |
The median household income in Port St. Lucie is about 10% higher than in Florida. Income has been growing faster in Port St. Lucie (6.4%/yr) than in Florida (5.7%/yr).
About 8% of adults in Port St. Lucie earn six figures ($100,000 or more) a year, lower than the Florida average of 11%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Port St. Lucie, Florida grew by 51.3% from 2009 to 2023, reaching $78,969 in 2023. That's an average of about 6.4% per year.
Economic Inequality in Port St. Lucie | Gender Pay Gap | Gini Coefficient
| Metric | Port St. Lucie | Florida Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.544 | 0.566 | 0.570 |
| Male Median Income | $56,103 | $58,426 | $67,746 |
| Female Median Income | $45,115 | $48,893 | $54,793 |
| Gender Pay Gap | 19.6% | 16.3% | 19.1% |
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 St. Lucie, it is 0.544, lower than Florida's 0.566, so income is more evenly distributed here than there, and lower than the US's 0.570, so income is more evenly distributed here than there.
Men's income is about 24% more than women's income in Port St. Lucie, Florida. Over a 35-year career, a 24% wage gap accumulates to roughly $384,580 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Port St. Lucie, Florida has narrowed from about 22% to 20% in 2023. In dollar terms, the gap has widened by $1,466 since 2009.
Employment
| Metric | Port St. Lucie | Florida Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.5% | 4.8% | 5.2% |
| Working from Home | 10.5% | 13.9% | 13.4% |
| Commute time (minutes) | 27 | 23 | 22 |
Approximately 5,813 people are unemployed in Port St. Lucie, Florida.
The average commute time in Port St. Lucie is 27 minutes, longer than the 23 minutes in Florida.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Port St. Lucie, Florida has fallen from 13.7% to 5.5% in 2023.
Conclusion
Considering all these factors, Port St. Lucie, 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 Port St. Lucie, Florida.
How Rich Is Port St. Lucie, Florida?
Port St. Lucie 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 $78,969, about 10% higher than the Florida average of $71,865.
What is the current median household income in Port St. Lucie, Florida?
As of 2023, the median household income in Port St. Lucie, Florida is $78,969.
What was the median household income in Port St. Lucie in 2023?
In 2023, the median household income in Port St. Lucie, Florida was $78,969.
What was the median household income in Port St. Lucie in 2020?
In 2020, the median household income in Port St. Lucie, Florida was $62,382.
What is the Gini coefficient in Port St. Lucie, Florida?
The Gini coefficient in Port St. Lucie is 0.544. 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 0.570, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Port St. Lucie, Florida?
Since 2009, the income gap between men and women in Port St. Lucie, Florida has narrowed from about 22% to 20% in 2023. In dollar terms, the gap has widened by $1,466 since 2009.