Suwannee County, Florida Income Statistics
Suwannee County Wealth Score
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.
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D
Suwannee County Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Suwannee County | Florida Avg | US Average |
|---|---|---|---|
| Median Household Income | $56,397 | $74,580 | $80,455 |
| Median Personal Income | $43,648 | $52,322 | $60,758 |
| Average Yearly Income Growth | 5.1% | 5.4% | 4.8% |
| Six-Figure Earners | 4.9% | 11.6% | 13.9% |
| $200k+ Households | 5.4% | 11.0% | 13.2% |
The median household income in Suwannee County is about 24% lower than in Florida. Income has been growing slower in Suwannee County (5.1%/yr) than in Florida (5.4%/yr).
About 5% of adults in Suwannee County 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 Suwannee County, Florida grew by 64.9% from 2009 to 2024, reaching $56,397 in 2024. That's an average of about 5.1% per year.
Income Inequality and the Gender Pay Gap in Suwannee County
| Metric | Suwannee County | Florida Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.567 | 0.551 | 0.552 |
| Male Median Income | $46,485 | $60,595 | $69,667 |
| Female Median Income | $46,147 | $50,762 | $56,850 |
| Gender Pay Gap | 0.7% | 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 Suwannee County, it is 0.567, higher than Florida's 0.551, so income is less evenly distributed here than there, and higher than the US's 0.552, so income is less evenly distributed here than there.
Men's income is about 1% more than women's income in Suwannee County, Florida.
Income by Sex Over Time
Since 2009, the income gap between men and women in Suwannee County, Florida has narrowed from about 32% to 1% in 2024. Over that period the gap was narrowest at 0% in 2023. In dollar terms, the gap has narrowed by $11,798 since 2009.
Employment
| Metric | Suwannee County | Florida Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.3% | 4.8% | 5.2% |
| Working from Home | 8.3% | 15.7% | 15.0% |
| Commute time (minutes) | 23 | 23 | 22 |
Approximately 1,185 people are unemployed in Suwannee County, Florida.
The average commute time in Suwannee County is 23 minutes, about the same as in Florida.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Suwannee County, Florida has fallen from 9.1% to 6.3% in 2024. Over that period the rate peaked at 11.9% in 2014 and fell as low as 5.2% in 2020.
Suwannee County, FL Wealth Compared With Nearby Counties
Suwannee County, FL is the 2nd largest of the 6 counties compared here, 45,342 residents against a local median of 13,616. Suwannee County, FL's unemployment, at 6.3%, runs 18% above the 5.3% typical of the counties around it. That is the weaker end of the local range on this measure.
The counties themselves spread 9.2% on unemployment, so Suwannee County, FL sits at one end of an already wide local range rather than apart from it. Suwannee County, FL has the 4th lowest unemployment of the 6 areas compared here.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Suwannee County, FL | 45,342 | $56,397 #5/6 | 5.1%/yr #4/6 | 6.3% #4/6 | 0.567 #3/6 |
| Lafayette County, FL | 8,161 | $62,193 | 7.2%/yr | 10.9% | 0.631 |
| Hamilton County, FL | 13,616 | $50,135 | 3.6%/yr | 6.7% | 0.600 |
| Columbia County, FL | 71,789 | $59,118 | 4.1%/yr | 5.3% | 0.547 |
| Gilchrist County, FL | 19,040 | $65,044 | 5.9%/yr | 3.5% | 0.572 |
| Echols County, GA | 3,709 | $59,682 | 7.5%/yr | 1.7% | 0.536 |
Conclusion
Considering all these factors, Suwannee County, Florida has an overall wealth index grade of D, making it somewhat worse than Florida, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Suwannee County, Florida.
How Rich Is Suwannee County, Florida?
Suwannee County 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 $56,397, about 24% lower than the Florida average of $74,580.
How has median household income changed in Suwannee County, Florida?
Between 2009 and 2024, the median household income in Suwannee County, Florida rose 65%, from $34,193 to $56,397. Over the same years, income here outpaced Florida as a whole: +65% against +57%.
What was the median household income in Suwannee County in 2023?
In 2023, the median household income in Suwannee County, Florida was $55,689, up 12% from $49,731 in 2022. The Florida median that year was $71,864.
What was the median household income in Suwannee County in 2020?
In 2020, the median household income in Suwannee County, Florida was $46,303. By 2024 it had risen 22% to $56,397.
How strong is the job market in Suwannee County, Florida?
Unemployment in Suwannee County, Florida is 6.3%, well above the Florida rate of 4.8%, so job seekers may face more competition than elsewhere.
What is the Gini coefficient in Suwannee County, Florida?
The Gini coefficient in Suwannee County is 0.567. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is higher than the US average of 0.552, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in Suwannee County, Florida?
Since 2009, the income gap between men and women in Suwannee County, Florida has narrowed from about 32% to 1% in 2024. Over that period the gap was narrowest at 0% in 2023. In dollar terms, the gap has narrowed by $11,798 since 2009.
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