West Melbourne, Florida Income Statistics
West Melbourne Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
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B
West Melbourne Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | West Melbourne | Florida Avg | US Average |
|---|---|---|---|
| Median Household Income | $86,907 | $74,580 | $80,455 |
| Median Personal Income | $61,410 | $52,322 | $60,758 |
| Average Yearly Income Growth | 5.6% | 5.4% | 4.8% |
| Six-Figure Earners | 13.3% | 11.6% | 13.9% |
| $200k+ Households | 12.6% | 11.0% | 13.2% |
The median household income in West Melbourne is about 17% higher than in Florida. Income has been growing faster in West Melbourne (5.6%/yr) than in Florida (5.4%/yr).
About 13% of adults in West Melbourne earn six figures ($100,000 or more) a year, higher than the Florida average of 12%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in West Melbourne, Florida grew by 73.4% from 2009 to 2024, reaching $86,907 in 2024. That's an average of about 5.6% per year.
West Melbourne started 2.0% below the U.S. median household income in 2009 but had overtaken it by 2015, and has not been below it since. In 2024 its income was 8.0% higher.
Income Distribution in West Melbourne
How incomes are spread across brackets, compared with the U.S. Pick a range to count who falls in it.
Households by income, 2024
Income range calculator
About 3,645 households (40.7% of all households) have an income of $100,000 or more.
Across the U.S.: 40.2% of all households.
In 2024, 17.0% of households in West Melbourne had an income under $35,000 and 22.7% had $150,000 or more. Across the U.S., those shares were 21.6% and 22.8%.
Compared with the U.S., West Melbourne has a larger share of households earning $75,000 to $99,999 (17.8% vs 12.6%) and a smaller share earning $50,000 to $74,999 (12.2% vs 15.5%).
| Household income | Households | Share | U.S. share |
|---|---|---|---|
| Under $10,000 | 289 | 3.2% | 5.1% |
| $10,000 to $14,999 | 121 | 1.3% | 3.5% |
| $15,000 to $24,999 | 400 | 4.5% | 6.4% |
| $25,000 to $34,999 | 716 | 8.0% | 6.7% |
| $35,000 to $49,999 | 1,100 | 12.3% | 10.1% |
| $50,000 to $74,999 | 1,096 | 12.2% | 15.5% |
| $75,000 to $99,999 | 1,597 | 17.8% | 12.6% |
| $100,000 to $149,999 | 1,610 | 18.0% | 17.4% |
| $150,000 to $199,999 | 905 | 10.1% | 9.5% |
| $200,000 or more | 1,130 | 12.6% | 13.2% |
Shares are of all 8,963 households, one per occupied home whatever its size. Households with zero or negative income are counted in the lowest bracket. Source: ACS 5-year estimates ending 2024 (table B19001).
Residents 15+ by personal income, 2024
Income range calculator
About 2,613 residents (13.3% of residents aged 15 and over) have a personal income of $100,000 or more.
Across the U.S.: 13.9% of residents aged 15 and over.
That is 14.9% of residents who have any income.
In 2024, 10.5% of West Melbourne residents aged 15 and over reported no personal income, 29.4% had some income but less than $25,000, and 21.6% had $75,000 or more. Across the U.S., those shares were 12.8%, 28.7% and 22.0%.
Compared with the U.S., West Melbourne has a larger share of residents earning $25,000 to $34,999 (11.8% vs 9.5%) and a smaller share with no personal income (10.5% vs 12.8%).
| Personal income | Residents | Share | U.S. share |
|---|---|---|---|
| No income | 2,065 | 10.5% | 12.8% |
| $1 to $9,999 | 2,024 | 10.3% | 11.2% |
| $10,000 to $14,999 | 1,336 | 6.8% | 7.0% |
| $15,000 to $24,999 | 2,416 | 12.3% | 10.5% |
| $25,000 to $34,999 | 2,312 | 11.8% | 9.5% |
| $35,000 to $49,999 | 2,619 | 13.4% | 12.6% |
| $50,000 to $74,999 | 2,615 | 13.3% | 14.3% |
| $75,000 to $99,999 | 1,616 | 8.2% | 8.2% |
| $100,000 or more | 2,613 | 13.3% | 13.9% |
Shares are of the 19,615 residents aged 15 and over, the only people the Census Bureau asks about income, and include those who reported none. A share of the whole population would count children as people without income, while a share of earners alone would hide the 10.5% with no income; the calculator adds that second share whenever your range leaves out people with no income. Source: ACS 5-year estimates ending 2024 (table B19325).
Income Inequality and the Gender Pay Gap in West Melbourne
| Metric | West Melbourne | Florida Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.536 | 0.551 | 0.552 |
| Male Median Income | $74,800 | $60,595 | $69,667 |
| Female Median Income | $53,493 | $50,762 | $56,850 |
| Gender Pay Gap | 28.5% | 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 West Melbourne, it is 0.536, lower than Florida's 0.551, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 40% more than women's income in West Melbourne, Florida. Over a 35-year career, a 40% wage gap accumulates to roughly $745,745 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in West Melbourne, Florida has narrowed from about 36% to 28% in 2024. Over that period the gap was widest at 40% in 2021, and was narrowest at 18% in 2014. In dollar terms, the gap has widened by $3,188 since 2009.
Employment
| Metric | West Melbourne | Florida Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.2% | 4.8% | 5.2% |
| Working from Home | 16.6% | 15.7% | 15.0% |
| Commute time (minutes) | 20 | 23 | 22 |
Approximately 488 people are unemployed in West Melbourne, Florida.
The average commute time in West Melbourne is 20 minutes, shorter than the 23 minutes in Florida.
Unemployment Rate Over Time
Since 2011, the unemployment rate in West Melbourne, Florida has fallen from 7.9% to 4.2% in 2024. Over that period the rate peaked at 9.9% in 2013 and fell as low as 3.6% in 2019.
West Melbourne has been below the U.S. unemployment rate in most years since 2011, but rose above it in 2013-2015 (as much as 0.5 points higher). In 2024 its rate was 1.0 point lower.
West Melbourne, FL Wealth Compared With Nearby Cities
How West Melbourne, FL compares with the 2 cities closest to it.
| 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. |
|---|---|---|---|---|---|
| West Melbourne, FL | 23,344 | $86,907 #1/3 | 5.6%/yr #3/3 | 4.2% #1/3 | 0.536 #1/3 |
| Melbourne, FL | 80,437 | $65,055 | 6.0%/yr | 4.7% | 0.544 |
| Palm Bay, FL | 126,086 | $73,260 | 6.6%/yr | 5.9% | 0.539 |
Conclusion
Considering all these factors, West Melbourne, Florida has an overall wealth index grade of B, making it somewhat better than Florida, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in West Melbourne, Florida.
How Rich Is West Melbourne, Florida?
West Melbourne 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 $86,907, about 17% higher than the Florida average of $74,580.
How has median household income changed in West Melbourne, Florida?
Between 2009 and 2024, the median household income in West Melbourne, Florida rose 73%, from $50,108 to $86,907. Over the same years, income here outpaced Florida as a whole: +73% against +57%.
What was the median household income in West Melbourne in 2023?
In 2023, the median household income in West Melbourne, Florida was $84,431, down 1% from $85,532 in 2022. The Florida median that year was $71,864.
What was the median household income in West Melbourne in 2020?
In 2020, the median household income in West Melbourne, Florida was $71,453. By 2024 it had risen 22% to $86,907.
What is the Gini coefficient in West Melbourne, Florida?
The Gini coefficient in West Melbourne is 0.536. 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 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in West Melbourne, Florida?
Since 2009, the income gap between men and women in West Melbourne, Florida has narrowed from about 36% to 28% in 2024. Over that period the gap was widest at 40% in 2021, and was narrowest at 18% in 2014. In dollar terms, the gap has widened by $3,188 since 2009.
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