Florida Income Statistics
Florida Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of a state's residents based on income levels, employment rates, and income inequality metrics.
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C
Florida Below averageLess wealthy than 82% of states in US
Source: Map AI Methodology
Wealthiest and Least Wealthy Counties in Florida
- St. Johns County (115% of U.S. avg)
- Monroe County (109% of U.S. avg)
- Nassau County (106% of U.S. avg)
- Union County (59% of U.S. avg)
- Hamilton County (62% of U.S. avg)
- Liberty County (66% of U.S. avg)
Ranked by the Map AI Wealth Index, which combines income, employment, and income inequality metrics.
Income Statistics Overview
| Metric | Florida | US Average |
|---|---|---|
| Median Household Income | $74,580 | $80,455 |
| Median Personal Income | $52,322 | $60,758 |
| Average Yearly Income Growth | 5.4% | 4.8% |
| Six-Figure Earners | 11.6% | 13.9% |
| $200k+ Households | 11.0% | 13.2% |
The median household income in Florida is about 7% lower than in US. Income has been growing faster in Florida (5.4%/yr) than in US (4.8%/yr).
About 12% of adults in Florida earn six figures ($100,000 or more) a year, lower than the US average of 14%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Florida grew by 56.9% from 2009 to 2024, reaching $74,580 in 2024. That's an average of about 5.4% per year.
Income Inequality and the Gender Pay Gap in Florida
| Metric | Florida | US Average |
|---|---|---|
| Gini Coefficient | 0.551 | 0.552 |
| Male Median Income | $60,595 | $69,667 |
| Female Median Income | $50,762 | $56,850 |
| Gender Pay Gap | 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 Florida, it is 0.551, about the same as US's 0.552, so income here is about as evenly distributed as there.
Men's income is about 19% more than women's income in Florida. Over a 35-year career, a 19% wage gap accumulates to roughly $344,155 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Florida has narrowed from about 19% to 16% in 2024. Over that period the gap was widest at 19% in 2010, and was narrowest at 14% in 2018. In dollar terms, the gap has widened by $2,050 since 2009.
Employment
| Metric | Florida | US Average |
|---|---|---|
| Unemployment Rate | 4.8% | 5.2% |
| Working from Home | 15.7% | 15.0% |
| Commute time (minutes) | 23 | 22 |
Approximately 531,448 people are unemployed in Florida.
The average commute time in Florida is 23 minutes, longer than the 22 minutes in US.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Florida has fallen from 10.2% to 4.8% in 2024. Over that period the rate peaked at 11.7% in 2013 and fell as low as 4.8% in 2023.
Florida Wealth Compared With Nearby States
Florida is the largest of the 6 states compared here, 22,388,905 residents against a local median of 5,295,781. Nothing separates Florida sharply from the states around it. Each measure below lands within 15% of the local median, close enough that the differences are within what survey sampling alone would produce.
The largest of those small differences is income growth, 8% above the local median at 5.4%/yr against 5.0%/yr. Florida has the 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. |
|---|---|---|---|---|---|
| Florida | 22,388,905 | $74,580 #2/6 | 5.4%/yr #1/6 | 4.8% #3/6 | 0.551 #3/6 |
| Georgia | 10,939,918 | $77,523 | 5.3%/yr | 5.1% | 0.561 |
| South Carolina | 5,295,781 | $69,383 | 5.0%/yr | 4.8% | 0.547 |
| Alabama | 5,083,438 | $64,544 | 4.7%/yr | 4.7% | 0.560 |
| North Carolina | 10,724,323 | $72,438 | 5.2%/yr | 4.6% | 0.547 |
| Mississippi | 2,946,497 | $56,669 | 4.3%/yr | 5.7% | 0.566 |
Conclusion
Considering all these factors, Florida has an overall wealth index grade of C, making it about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Florida.
How Rich Is Florida?
Florida 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 $74,580, about 7% lower than the US average of $80,455.
Are incomes growing in Florida?
Between 2009 and 2024, the median household income in Florida rose 57%, from $47,520 to $74,580. Over the same years, income here kept pace with the U.S. as a whole: +57% against +57%.
What was the median household income in Florida in 2023?
In 2023, the median household income in Florida was $71,864, up 6% from $68,072 in 2022. The US median that year was $78,147.
What was the median household income in Florida in 2020?
In 2020, the median household income in Florida was $57,986. By 2024 it had risen 29% to $74,580.
What is the Gini coefficient in Florida?
The Gini coefficient in Florida is 0.551. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is almost the same as the US average of 0.552, so income is distributed about as equally as in the country overall.
How has the income gap between men and women changed in Florida?
Since 2009, the income gap between men and women in Florida has narrowed from about 19% to 16% in 2024. Over that period the gap was widest at 19% in 2010, and was narrowest at 14% in 2018. In dollar terms, the gap has widened by $2,050 since 2009.
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