Wealth Index
Wealthiest county 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 | St. Johns County | Florida Avg | US Average |
|---|---|---|---|
| Median Household Income | $105,817 | $71,865 | $78,145 |
| Median Personal Income | $77,659 | $53,537 | $61,726 |
| Average income growth | 6.0% | 5.7% | 5.1% |
| Six-Figure Earners | 19.5% | 10.9% | 13.2% |
The median household income in St. Johns County is about 47% higher than in Florida. Income has been growing faster in St. Johns County (6.0%/yr) than in Florida (5.7%/yr).
About 20% of adults in St. Johns 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 St. Johns County, Florida grew by 65.5% from 2009 to 2023, reaching $105,817 in 2023. That's an average of about 6.0% per year.
Economic Inequality in St. Johns County | Gender Pay Gap | Gini Coefficient
| Metric | St. Johns County | Florida Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.574 | 0.566 | 0.570 |
| Male Median Income | $91,125 | $58,426 | $67,746 |
| Female Median Income | $63,074 | $48,893 | $54,793 |
| Gender Pay Gap | 30.8% | 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 St. Johns County, it is 0.574, higher than Florida's 0.566, so income is less evenly distributed here than 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 44% more than women's income in St. Johns County, Florida. Over a 35-year career, a 44% wage gap accumulates to roughly $981,785 in unearned income for female workers in the area.
Income by Sex Over Time
The income gap between men and women in St. Johns County, Florida has stayed about the same since 2009, at around 31%. In dollar terms, the gap has widened by $10,268 since 2009.
Employment
| Metric | St. Johns County | Florida Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.9% | 4.8% | 5.2% |
| Working from Home | 23.7% | 13.9% | 13.4% |
| Commute time (minutes) | 25 | 23 | 22 |
Approximately 5,531 people are unemployed in St. Johns County, Florida.
The average commute time in St. Johns County is 25 minutes, longer than the 23 minutes in Florida.
Unemployment Rate Over Time
Since 2011, the unemployment rate in St. Johns County, Florida has fallen from 7.1% to 3.9% in 2023.
Conclusion
Considering all these factors, St. Johns County, Florida has an overall wealth index grade of B, making it notably better than Florida, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in St. Johns County, Florida.
How Rich Is St. Johns County, Florida?
St. Johns 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 $105,817, about 47% higher than the Florida average of $71,865.
What is the current median household income in St. Johns County, Florida?
As of 2023, the median household income in St. Johns County, Florida is $105,817.
What was the median household income in St. Johns County in 2023?
In 2023, the median household income in St. Johns County, Florida was $105,817.
What was the median household income in St. Johns County in 2020?
In 2020, the median household income in St. Johns County, Florida was $85,457.
What is the Gini coefficient in St. Johns County, Florida?
The Gini coefficient in St. Johns County is 0.574. 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 St. Johns County, Florida?
The income gap between men and women in St. Johns County, Florida has stayed about the same since 2009, at around 31%. In dollar terms, the gap has widened by $10,268 since 2009.