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 | Sunrise | Florida Avg | US Average |
|---|---|---|---|
| Median Household Income | $72,982 | $71,865 | $78,145 |
| Median Personal Income | $72,982 | $71,865 | $78,145 |
| Average income growth | 5.2% | 5.2% | 5.2% |
The median household income in Sunrise is about 2% higher than in Florida. Income has been growing slower in Sunrise (5.2%/yr) than in Florida (5.7%/yr).
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Sunrise, Florida grew by 47.0% from 2009 to 2023, reaching $72,982 in 2023. That's an average of about 3.4% per year.
Economic Inequality in Sunrise | Gender Pay Gap | Gini Coefficient
| Metric | Sunrise | Florida Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.554 | 0.566 | 0.570 |
| Male Median Income | $56,055 | $58,426 | $67,746 |
| Female Median Income | $47,491 | $48,893 | $54,793 |
| Gender Pay Gap | 15.3% | 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 Sunrise, it is 0.554, 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 18% more than women's income in Sunrise, Florida.
Income by Sex Over Time
The income gap between men and women in Sunrise, Florida has stayed about the same since 2009, at around 15%.
Employment
| Metric | Sunrise | Florida Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.4% | 4.8% | 5.2% |
| Working from Home | 12.0% | 13.9% | 13.4% |
| Commute time (minutes) | 26 | 23 | 22 |
The average commute time in Sunrise is 26 minutes, longer than the 23 minutes in Florida.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Sunrise, Florida has fallen from 9.9% to 5.4% in 2023.
Conclusion
Considering all these factors, Sunrise, Florida has an overall wealth index grade of C, making it somewhat better than Florida, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Sunrise, Florida.
How Rich Is Sunrise, Florida?
Sunrise has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $72,982, about 2% higher than the Florida average of $71,865.
What is the current median household income in Sunrise, Florida?
As of 2023, the median household income in Sunrise, Florida is $72,982.
What was the median household income in Sunrise in 2023?
In 2023, the median household income in Sunrise, Florida was $72,982.
What was the median household income in Sunrise in 2020?
In 2020, the median household income in Sunrise, Florida was $56,688.
What is the Gini coefficient in Sunrise, Florida?
The Gini coefficient in Sunrise is 0.554. 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 Sunrise, Florida?
The income gap between men and women in Sunrise, Florida has stayed about the same since 2009, at around 15%.