Taylor County, Florida Income Statistics
Taylor 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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F
Taylor County Well below averageAmong the 5 least wealthy counties in Florida
Source: Map AI Methodology
Income Statistics Overview
| Metric | Taylor County | Florida Avg | US Average |
|---|---|---|---|
| Median Household Income | $48,581 | $74,580 | $80,455 |
| Median Personal Income | $47,997 | $52,322 | $60,758 |
| Average Yearly Income Growth | 3.9% | 5.4% | 4.8% |
| Six-Figure Earners | 4.2% | 11.6% | 13.9% |
| $200k+ Households | 2.7% | 11.0% | 13.2% |
The median household income in Taylor County is about 35% lower than in Florida. Income has been growing slower in Taylor County (3.9%/yr) than in Florida (5.4%/yr).
About 4% of adults in Taylor 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 Taylor County, Florida grew by 35.3% from 2009 to 2024, reaching $48,581 in 2024. That's an average of about 3.9% per year.
Income Inequality and the Gender Pay Gap in Taylor County
| Metric | Taylor County | Florida Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.604 | 0.551 | 0.552 |
| Male Median Income | $60,075 | $60,595 | $69,667 |
| Female Median Income | $44,269 | $50,762 | $56,850 |
| Gender Pay Gap | 26.3% | 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 Taylor County, it is 0.604, 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 36% more than women's income in Taylor County, Florida. Over a 35-year career, a 36% wage gap accumulates to roughly $553,210 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Taylor County, Florida has narrowed from about 38% to 26% in 2024. Over that period the gap was widest at 39% in 2010, and was narrowest at 13% in 2020. In dollar terms, the gap has narrowed by $189 since 2009.
Employment
| Metric | Taylor County | Florida Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.4% | 4.8% | 5.2% |
| Working from Home | 8.0% | 15.7% | 15.0% |
| Commute time (minutes) | 13 | 23 | 22 |
Approximately 410 people are unemployed in Taylor County, Florida.
The average commute time in Taylor County is 13 minutes, shorter than the 23 minutes in Florida.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Taylor County, Florida has fallen from 15.1% to 5.4% in 2024. Over that period the rate fell as low as 5.1% in 2023.
Taylor County, FL Wealth Compared With Nearby Counties
Taylor County, FL is the 2nd largest of the 6 counties compared here, 21,503 residents against a local median of 17,058. Where Taylor County, FL breaks from the counties next to it is income growth, sitting 26% below the local median of 5.2%/yr at 3.9%/yr. That is the weaker end of the local range on this measure.
The counties themselves spread 2.4%/yr on income growth, so Taylor County, FL sits at one end of an already wide local range rather than apart from it. Taylor County, FL has the 6th highest income growth 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. |
|---|---|---|---|---|---|
| Taylor County, FL | 21,503 | $48,581 #6/6 | 3.9%/yr #6/6 | 5.4% #2/6 | 0.604 #5/6 |
| Lafayette County, FL | 8,161 | $62,193 | 7.2%/yr | 10.9% | 0.631 |
| Madison County, FL | 18,089 | $48,984 | 6.5%/yr | 5.8% | 0.595 |
| Jefferson County, FL | 15,091 | $62,677 | 5.2%/yr | 7.4% | 0.578 |
| Dixie County, FL | 17,058 | $50,207 | 4.8%/yr | 3.3% | 0.581 |
| Suwannee County, FL | 45,342 | $56,397 | 5.1%/yr | 6.3% | 0.567 |
Conclusion
Considering all these factors, Taylor County, Florida has an overall wealth index grade of F, making it somewhat worse than Florida, and worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Taylor County, Florida.
How Rich Is Taylor County, Florida?
Taylor County has a wealth index grade of F. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; an F grade means residents are well below the U.S. average. The median household income is $48,581, about 35% lower than the Florida average of $74,580.
How has median household income changed in Taylor County, Florida?
Between 2009 and 2024, the median household income in Taylor County, Florida rose 35%, from $35,902 to $48,581. Over the same years, income here lagged behind Florida as a whole: +35% against +57%.
What was the median household income in Taylor County in 2023?
In 2023, the median household income in Taylor County, Florida was $44,992, down 3% from $46,462 in 2022. The Florida median that year was $71,864.
What was the median household income in Taylor County in 2020?
In 2020, the median household income in Taylor County, Florida was $39,006. By 2024 it had risen 25% to $48,581.
What is the Gini coefficient in Taylor County, Florida?
The Gini coefficient in Taylor County is 0.604. 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 Taylor County, Florida?
Since 2009, the income gap between men and women in Taylor County, Florida has narrowed from about 38% to 26% in 2024. Over that period the gap was widest at 39% in 2010, and was narrowest at 13% in 2020. In dollar terms, the gap has narrowed by $189 since 2009.
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