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 | Sun City Center | Florida Avg | US Average |
|---|---|---|---|
| Median Household Income | $64,329 | $71,865 | $78,145 |
| Median Personal Income | $61,596 | $53,537 | $61,726 |
| Average income growth | 5.8% | 5.7% | 5.1% |
| Six-Figure Earners | 8.1% | 10.9% | 13.2% |
The median household income in Sun City Center is about 10% lower than in Florida. Income has been growing faster in Sun City Center (5.8%/yr) than in Florida (5.7%/yr).
About 8% of adults in Sun City Center 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 Sun City Center, Florida grew by 47.5% from 2009 to 2023, reaching $64,329 in 2023. That's an average of about 5.8% per year.
Economic Inequality in Sun City Center | Gender Pay Gap | Gini Coefficient
| Metric | Sun City Center | Florida Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.489 | 0.566 | 0.570 |
| Male Median Income | $66,456 | $58,426 | $67,746 |
| Female Median Income | $55,831 | $48,893 | $54,793 |
| Gender Pay Gap | 16.0% | 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 Sun City Center, it is 0.489, 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 19% more than women's income in Sun City Center, Florida. Over a 35-year career, a 19% wage gap accumulates to roughly $371,875 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Sun City Center, Florida has widened from about 1% to 16% in 2023. In dollar terms, the gap has widened by $10,127 since 2009.
Employment
| Metric | Sun City Center | Florida Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.0% | 4.8% | 5.2% |
| Working from Home | 26.4% | 13.9% | 13.4% |
| Commute time (minutes) | 30 | 23 | 22 |
Approximately 231 people are unemployed in Sun City Center, Florida.
The average commute time in Sun City Center is 30 minutes, longer than the 23 minutes in Florida.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Sun City Center, Florida has fallen from 13.5% to 4.0% in 2023.
Conclusion
Considering all these factors, Sun City Center, 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 Sun City Center, Florida.
How Rich Is Sun City Center, Florida?
Sun City Center 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 $64,329, about 10% lower than the Florida average of $71,865.
What is the current median household income in Sun City Center, Florida?
As of 2023, the median household income in Sun City Center, Florida is $64,329.
What was the median household income in Sun City Center in 2023?
In 2023, the median household income in Sun City Center, Florida was $64,329.
What was the median household income in Sun City Center in 2020?
In 2020, the median household income in Sun City Center, Florida was $47,011.
What is the Gini coefficient in Sun City Center, Florida?
The Gini coefficient in Sun City Center is 0.489. 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 Sun City Center, Florida?
Since 2009, the income gap between men and women in Sun City Center, Florida has widened from about 1% to 16% in 2023. In dollar terms, the gap has widened by $10,127 since 2009.