Wealth Index
Among the top 5 wealthiest 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 | Seminole County | Florida Avg | US Average |
|---|---|---|---|
| Median Household Income | $83,872 | $71,865 | $78,145 |
| Median Personal Income | $60,436 | $53,537 | $61,726 |
| Average income growth | 5.2% | 5.7% | 5.1% |
| Six-Figure Earners | 13.8% | 10.9% | 13.2% |
The median household income in Seminole County is about 17% higher than in Florida. Income has been growing slower in Seminole County (5.2%/yr) than in Florida (5.7%/yr).
About 14% of adults in Seminole 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 Seminole County, Florida grew by 44.0% from 2009 to 2023, reaching $83,872 in 2023. That's an average of about 5.2% per year.
Economic Inequality in Seminole County | Gender Pay Gap | Gini Coefficient
| Metric | Seminole County | Florida Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.565 | 0.566 | 0.570 |
| Male Median Income | $66,591 | $58,426 | $67,746 |
| Female Median Income | $54,502 | $48,893 | $54,793 |
| Gender Pay Gap | 18.2% | 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 Seminole County, it is 0.565, about the same as Florida's 0.566, so income here is about as evenly distributed as there, and about the same as the US's 0.570, so income here is about as evenly distributed as there.
Men's income is about 22% more than women's income in Seminole County, Florida. Over a 35-year career, a 22% wage gap accumulates to roughly $423,115 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Seminole County, Florida has narrowed from about 26% to 18% in 2023. In dollar terms, the gap has narrowed by $641 since 2009.
Employment
| Metric | Seminole County | Florida Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.1% | 4.8% | 5.2% |
| Working from Home | 19.2% | 13.9% | 13.4% |
| Commute time (minutes) | 23 | 23 | 22 |
Approximately 10,643 people are unemployed in Seminole County, Florida.
The average commute time in Seminole County is 23 minutes, about the same as in Florida.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Seminole County, Florida has fallen from 8.8% to 4.1% in 2023.
Conclusion
Considering all these factors, Seminole 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 Seminole County, Florida.
How Rich Is Seminole County, Florida?
Seminole 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 $83,872, about 17% higher than the Florida average of $71,865.
What is the current median household income in Seminole County, Florida?
As of 2023, the median household income in Seminole County, Florida is $83,872.
What was the median household income in Seminole County in 2023?
In 2023, the median household income in Seminole County, Florida was $83,872.
What was the median household income in Seminole County in 2020?
In 2020, the median household income in Seminole County, Florida was $70,857.
What is the Gini coefficient in Seminole County, Florida?
The Gini coefficient in Seminole County is 0.565. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is almost the same as the US average of 0.570, so income is distributed about as equally as in the country overall.
How has the income gap between men and women changed in Seminole County, Florida?
Since 2009, the income gap between men and women in Seminole County, Florida has narrowed from about 26% to 18% in 2023. In dollar terms, the gap has narrowed by $641 since 2009.