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 | Winter Garden | Florida Avg | US Average |
|---|---|---|---|
| Median Household Income | $100,750 | $71,865 | $78,145 |
| Median Personal Income | $60,474 | $53,537 | $61,726 |
| Average income growth | 7.4% | 5.7% | 5.1% |
| Six-Figure Earners | 16.2% | 10.9% | 13.2% |
The median household income in Winter Garden is about 40% higher than in Florida. Income has been growing faster in Winter Garden (7.4%/yr) than in Florida (5.7%/yr).
About 16% of adults in Winter Garden 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 Winter Garden, Florida grew by 50.7% from 2009 to 2023, reaching $100,750 in 2023. That's an average of about 7.4% per year.
Economic Inequality in Winter Garden | Gender Pay Gap | Gini Coefficient
| Metric | Winter Garden | Florida Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.590 | 0.566 | 0.570 |
| Male Median Income | $70,296 | $58,426 | $67,746 |
| Female Median Income | $52,838 | $48,893 | $54,793 |
| Gender Pay Gap | 24.8% | 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 Winter Garden, it is 0.590, higher than Florida's 0.566, so income is less evenly distributed here than there, and higher than the US's 0.570, so income is less evenly distributed here than there.
Men's income is about 33% more than women's income in Winter Garden, Florida. Over a 35-year career, a 33% wage gap accumulates to roughly $611,030 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Winter Garden, Florida has widened from about 22% to 25% in 2023. In dollar terms, the gap has widened by $7,002 since 2009.
Employment
| Metric | Winter Garden | Florida Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.7% | 4.8% | 5.2% |
| Working from Home | 17.2% | 13.9% | 13.4% |
| Commute time (minutes) | 30 | 23 | 22 |
Approximately 1,105 people are unemployed in Winter Garden, Florida.
The average commute time in Winter Garden is 30 minutes, longer than the 23 minutes in Florida.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Winter Garden, Florida has fallen from 8.5% to 5.7% in 2023.
Conclusion
Considering all these factors, Winter Garden, 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 Winter Garden, Florida.
How Rich Is Winter Garden, Florida?
Winter Garden 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 $100,750, about 40% higher than the Florida average of $71,865.
What is the current median household income in Winter Garden, Florida?
As of 2023, the median household income in Winter Garden, Florida is $100,750.
What was the median household income in Winter Garden in 2023?
In 2023, the median household income in Winter Garden, Florida was $100,750.
What was the median household income in Winter Garden in 2020?
In 2020, the median household income in Winter Garden, Florida was $78,596.
What is the Gini coefficient in Winter Garden, Florida?
The Gini coefficient in Winter Garden is 0.590. 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 0.570, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in Winter Garden, Florida?
Since 2009, the income gap between men and women in Winter Garden, Florida has widened from about 22% to 25% in 2023. In dollar terms, the gap has widened by $7,002 since 2009.