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 | The Acreage | Florida Avg | US Average |
|---|---|---|---|
| Median Household Income | $104,582 | $71,865 | $78,145 |
| Median Personal Income | $61,426 | $53,537 | $61,726 |
| Average income growth | 3.5% | 5.7% | 5.1% |
| Six-Figure Earners | 12.5% | 10.9% | 13.2% |
The median household income in The Acreage is about 46% higher than in Florida. Income has been growing slower in The Acreage (3.5%/yr) than in Florida (5.7%/yr).
About 13% of adults in The Acreage 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 The Acreage, Florida grew by 29.6% from 2009 to 2023, reaching $104,582 in 2023. That's an average of about 3.5% per year.
Economic Inequality in The Acreage | Gender Pay Gap | Gini Coefficient
| Metric | The Acreage | Florida Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.547 | 0.566 | 0.570 |
| Male Median Income | $70,350 | $58,426 | $67,746 |
| Female Median Income | $52,379 | $48,893 | $54,793 |
| Gender Pay Gap | 25.5% | 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 The Acreage, it is 0.547, 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 34% more than women's income in The Acreage, Florida. Over a 35-year career, a 34% wage gap accumulates to roughly $628,985 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in The Acreage, Florida has widened from about 21% to 26% in 2023. In dollar terms, the gap has widened by $6,953 since 2009.
Employment
| Metric | The Acreage | Florida Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.7% | 4.8% | 5.2% |
| Working from Home | 11.4% | 13.9% | 13.4% |
| Commute time (minutes) | 32 | 23 | 22 |
Approximately 655 people are unemployed in The Acreage, Florida.
The average commute time in The Acreage is 32 minutes, longer than the 23 minutes in Florida.
Unemployment Rate Over Time
Since 2011, the unemployment rate in The Acreage, Florida has fallen from 11.7% to 3.7% in 2023.
Conclusion
Considering all these factors, The Acreage, 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 The Acreage, Florida.
How Wealthy Is The Acreage, Florida?
The Acreage 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 $104,582, about 46% higher than the Florida average of $71,865.
What is the current median household income in The Acreage, Florida?
As of 2023, the median household income in The Acreage, Florida is $104,582.
What was the median household income in The Acreage in 2023?
In 2023, the median household income in The Acreage, Florida was $104,582.
What was the median household income in The Acreage in 2020?
In 2020, the median household income in The Acreage, Florida was $86,278.
What is the Gini coefficient in The Acreage, Florida?
The Gini coefficient in The Acreage is 0.547. 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 The Acreage, Florida?
Since 2009, the income gap between men and women in The Acreage, Florida has widened from about 21% to 26% in 2023. In dollar terms, the gap has widened by $6,953 since 2009.