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 Villages | Florida Avg | US Average |
|---|---|---|---|
| Median Household Income | $76,274 | $71,865 | $78,145 |
| Median Personal Income | $65,981 | $53,537 | $61,726 |
| Average income growth | 4.1% | 5.7% | 5.1% |
| Six-Figure Earners | 11.6% | 10.9% | 13.2% |
The median household income in The Villages is about 6% higher than in Florida. Income has been growing slower in The Villages (4.1%/yr) than in Florida (5.7%/yr).
About 12% of adults in The Villages 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 Villages, Florida grew by 64.1% from 2009 to 2023, reaching $76,274 in 2023. That's an average of about 4.1% per year.
Economic Inequality in The Villages | Gender Pay Gap | Gini Coefficient
| Metric | The Villages | Florida Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.486 | 0.566 | 0.570 |
| Male Median Income | $77,382 | $58,426 | $67,746 |
| Female Median Income | $58,775 | $48,893 | $54,793 |
| Gender Pay Gap | 24.0% | 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 The Villages, it is 0.486, 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 32% more than women's income in The Villages, Florida. Over a 35-year career, a 32% wage gap accumulates to roughly $651,245 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 Villages, Florida has widened from about 13% to 24% in 2023. In dollar terms, the gap has widened by $13,676 since 2009.
Employment
| Metric | The Villages | Florida Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.6% | 4.8% | 5.2% |
| Working from Home | 25.4% | 13.9% | 13.4% |
| Commute time (minutes) | 18 | 23 | 22 |
Approximately 424 people are unemployed in The Villages, Florida.
The average commute time in The Villages is 18 minutes, shorter than the 23 minutes in Florida.
Unemployment Rate Over Time
Since 2011, the unemployment rate in The Villages, Florida has fallen from 10.0% to 4.6% in 2023.
Conclusion
Considering all these factors, The Villages, 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 The Villages, Florida.
How Rich Is The Villages, Florida?
The Villages 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 $76,274, about 6% higher than the Florida average of $71,865.
What is the current median household income in The Villages, Florida?
As of 2023, the median household income in The Villages, Florida is $76,274.
What was the median household income in The Villages in 2023?
In 2023, the median household income in The Villages, Florida was $76,274.
What was the median household income in The Villages in 2020?
In 2020, the median household income in The Villages, Florida was $66,069.
What is the Gini coefficient in The Villages, Florida?
The Gini coefficient in The Villages is 0.486. 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 Villages, Florida?
Since 2009, the income gap between men and women in The Villages, Florida has widened from about 13% to 24% in 2023. In dollar terms, the gap has widened by $13,676 since 2009.