Spring Hill, Florida Income Statistics
Spring Hill 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.
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D
Spring Hill Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Spring Hill | Florida Avg | US Average |
|---|---|---|---|
| Median Household Income | $69,085 | $74,580 | $80,455 |
| Median Personal Income | $49,060 | $52,322 | $60,758 |
| Average Yearly Income Growth | 6.1% | 5.4% | 4.8% |
| Six-Figure Earners | 6.2% | 11.6% | 13.9% |
| $200k+ Households | 5.0% | 11.0% | 13.2% |
The median household income in Spring Hill is about 7% lower than in Florida. Income has been growing faster in Spring Hill (6.1%/yr) than in Florida (5.4%/yr).
About 6% of adults in Spring Hill 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 Spring Hill, Florida grew by 58.9% from 2009 to 2024, reaching $69,085 in 2024. That's an average of about 6.1% per year.
Spring Hill 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 2023, at 14% lower. The gap has held fairly steady over the period.
Income Distribution in Spring Hill
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 12,949 households (29.5% of all households) have an income of $100,000 or more.
Across the U.S.: 40.2% of all households.
In 2024, 21.5% of households in Spring Hill had an income under $35,000 and 11.6% had $150,000 or more. Across the U.S., those shares were 21.6% and 22.8%.
Compared with the U.S., Spring Hill has a larger share of households earning $50,000 to $74,999 (21.3% vs 15.5%) and a smaller share earning $200,000 or more (5.0% vs 13.2%).
| Household income | Households | Share | U.S. share |
|---|---|---|---|
| Under $10,000 | 2,264 | 5.2% | 5.1% |
| $10,000 to $14,999 | 1,452 | 3.3% | 3.5% |
| $15,000 to $24,999 | 2,668 | 6.1% | 6.4% |
| $25,000 to $34,999 | 3,068 | 7.0% | 6.7% |
| $35,000 to $49,999 | 5,337 | 12.2% | 10.1% |
| $50,000 to $74,999 | 9,369 | 21.3% | 15.5% |
| $75,000 to $99,999 | 6,810 | 15.5% | 12.6% |
| $100,000 to $149,999 | 7,849 | 17.9% | 17.4% |
| $150,000 to $199,999 | 2,890 | 6.6% | 9.5% |
| $200,000 or more | 2,209 | 5.0% | 13.2% |
Shares are of all 43,916 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 5,987 residents (6.2% 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 7.1% of residents who have any income.
In 2024, 13.2% of Spring Hill residents aged 15 and over reported no personal income, 32.5% had some income but less than $25,000, and 13.1% had $75,000 or more. Across the U.S., those shares were 12.8%, 28.7% and 22.0%.
Compared with the U.S., Spring Hill has a larger share of residents earning $15,000 to $24,999 (14.5% vs 10.5%) and a smaller share earning $100,000 or more (6.2% vs 13.9%).
| Personal income | Residents | Share | U.S. share |
|---|---|---|---|
| No income | 12,762 | 13.2% | 12.8% |
| $1 to $9,999 | 9,871 | 10.2% | 11.2% |
| $10,000 to $14,999 | 7,536 | 7.8% | 7.0% |
| $15,000 to $24,999 | 14,072 | 14.5% | 10.5% |
| $25,000 to $34,999 | 12,186 | 12.6% | 9.5% |
| $35,000 to $49,999 | 13,282 | 13.7% | 12.6% |
| $50,000 to $74,999 | 14,479 | 14.9% | 14.3% |
| $75,000 to $99,999 | 6,704 | 6.9% | 8.2% |
| $100,000 or more | 5,987 | 6.2% | 13.9% |
Shares are of the 96,878 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 13.2% 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 Spring Hill
| Metric | Spring Hill | Florida Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.524 | 0.551 | 0.552 |
| Male Median Income | $58,014 | $60,595 | $69,667 |
| Female Median Income | $46,773 | $50,762 | $56,850 |
| Gender Pay Gap | 19.4% | 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 Spring Hill, it is 0.524, 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 24% more than women's income in Spring Hill, Florida. Over a 35-year career, a 24% wage gap accumulates to roughly $393,435 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Spring Hill, Florida has narrowed from about 22% to 19% in 2024. Over that period the gap was narrowest at 12% in 2017. In dollar terms, the gap has widened by $2,162 since 2009.
Employment
| Metric | Spring Hill | Florida Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.4% | 4.8% | 5.2% |
| Working from Home | 14.5% | 15.7% | 15.0% |
| Commute time (minutes) | 23 | 23 | 22 |
Approximately 2,797 people are unemployed in Spring Hill, Florida.
The average commute time in Spring Hill is 23 minutes, about the same as in Florida.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Spring Hill, Florida has fallen from 15.3% to 5.4% in 2024. Over that period the rate peaked at 18.1% in 2013.
Spring Hill has stayed well above the U.S. unemployment rate in every year from 2011 to 2024 and has never dropped below it. The gap has narrowed from 6.6 points in 2011 to 0.2 points in 2024, the closest it has been.
Conclusion
Considering all these factors, Spring Hill, 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 Spring Hill, Florida.
How Rich Is Spring Hill, Florida?
Spring Hill 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 $69,085, about 7% lower than the Florida average of $74,580.
How has median household income changed in Spring Hill, Florida?
Between 2009 and 2024, the median household income in Spring Hill, Florida rose 59%, from $43,480 to $69,085. Over the same years, income here outpaced Florida as a whole: +59% against +57%.
What was the median household income in Spring Hill in 2023?
In 2023, the median household income in Spring Hill, Florida was $67,592, up 9% from $61,852 in 2022. The Florida median that year was $71,864.
What was the median household income in Spring Hill in 2020?
In 2020, the median household income in Spring Hill, Florida was $52,598. By 2024 it had risen 31% to $69,085.
What is the Gini coefficient in Spring Hill, Florida?
The Gini coefficient in Spring Hill is 0.524. 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 Spring Hill, Florida?
Since 2009, the income gap between men and women in Spring Hill, Florida has narrowed from about 22% to 19% in 2024. Over that period the gap was narrowest at 12% in 2017. In dollar terms, the gap has widened by $2,162 since 2009.
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