Wealth Index
Wealthier than 86% of counties in Florida
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 | Santa Rosa County | Florida Avg | US Average |
|---|---|---|---|
| Median Household Income | $88,611 | $71,865 | $78,145 |
| Median Personal Income | $59,259 | $53,537 | $61,726 |
| Average income growth | 5.6% | 5.7% | 5.1% |
| Six-Figure Earners | 12.4% | 10.9% | 13.2% |
The median household income in Santa Rosa County is about 23% higher than in Florida. Income has been growing slower in Santa Rosa County (5.6%/yr) than in Florida (5.7%/yr).
About 12% of adults in Santa Rosa County earn six figures ($100,000 or more) a year, higher than the Florida average of 11%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Santa Rosa County, Florida grew by 61.4% from 2009 to 2023, reaching $88,611 in 2023. That's an average of about 5.6% per year.
Economic Inequality in Santa Rosa County | Gender Pay Gap | Gini Coefficient
| Metric | Santa Rosa County | Florida Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.561 | 0.566 | 0.570 |
| Male Median Income | $67,000 | $58,426 | $67,746 |
| Female Median Income | $49,556 | $48,893 | $54,793 |
| Gender Pay Gap | 26.0% | 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 Santa Rosa County, it is 0.561, 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 35% more than women's income in Santa Rosa County, Florida. Over a 35-year career, a 35% wage gap accumulates to roughly $610,540 in unearned income for female workers in the area.
Income by Sex Over Time
The income gap between men and women in Santa Rosa County, Florida has stayed about the same since 2009, at around 26%. In dollar terms, the gap has widened by $5,156 since 2009.
Employment
| Metric | Santa Rosa County | Florida Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.2% | 4.8% | 5.2% |
| Working from Home | 11.6% | 13.9% | 13.4% |
| Commute time (minutes) | 30 | 23 | 22 |
Approximately 3,920 people are unemployed in Santa Rosa County, Florida.
The average commute time in Santa Rosa County is 30 minutes, longer than the 23 minutes in Florida.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Santa Rosa County, Florida has fallen from 9.6% to 4.2% in 2023.
Conclusion
Considering all these factors, Santa Rosa County, Florida has an overall wealth index grade of B, making it somewhat better than Florida, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Santa Rosa County, Florida.
How Rich Is Santa Rosa County, Florida?
Santa Rosa County has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $88,611, about 23% higher than the Florida average of $71,865.
What is the current median household income in Santa Rosa County, Florida?
As of 2023, the median household income in Santa Rosa County, Florida is $88,611.
What was the median household income in Santa Rosa County in 2023?
In 2023, the median household income in Santa Rosa County, Florida was $88,611.
What was the median household income in Santa Rosa County in 2020?
In 2020, the median household income in Santa Rosa County, Florida was $70,422.
What is the Gini coefficient in Santa Rosa County, Florida?
The Gini coefficient in Santa Rosa County is 0.561. 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 Santa Rosa County, Florida?
The income gap between men and women in Santa Rosa County, Florida has stayed about the same since 2009, at around 26%. In dollar terms, the gap has widened by $5,156 since 2009.