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 | Vieques Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Median Household Income | $19,095 | $25,099 | $78,145 |
| Median Personal Income | $18,920 | $28,660 | $61,726 |
| Average income growth | 0.8% | 3.6% | 5.1% |
| Six-Figure Earners | 0.0% | 2.0% | 13.2% |
The median household income in Vieques Municipio is about 24% lower than in Puerto Rico. Income has been growing slower in Vieques Municipio (0.8%/yr) than in Puerto Rico (3.6%/yr).
About 0% of adults in Vieques Municipio earn six figures ($100,000 or more) a year, lower than the Puerto Rico average of 2%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Vieques Municipio, Puerto Rico grew by 28.1% from 2009 to 2023, reaching $19,095 in 2023. That's an average of about 0.8% per year.
Economic Inequality in Vieques Municipio | Gender Pay Gap | Gini Coefficient
| Metric | Vieques Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.560 | 0.633 | 0.570 |
| Male Median Income | $18,906 | $28,516 | $67,746 |
| Female Median Income | $18,934 | $28,791 | $54,793 |
| Gender Pay Gap | -0.1% | -1.0% | 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 Vieques Municipio, it is 0.560, lower than Puerto Rico's 0.633, 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.
Women's income is about 0% more than men's income in Vieques Municipio, Puerto Rico.
Income by Sex Over Time
Since 2009, the income gap between men and women in Vieques Municipio, Puerto Rico has narrowed from about 2% to -0% in 2023. In dollar terms, the gap has narrowed by $295 since 2009.
Employment
| Metric | Vieques Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 8.6% | 12.1% | 5.2% |
| Working from Home | 30.1% | 5.4% | 13.4% |
| Commute time (minutes) | 16 | 23 | 22 |
Approximately 223 people are unemployed in Vieques Municipio, Puerto Rico.
The average commute time in Vieques Municipio is 16 minutes, shorter than the 23 minutes in Puerto Rico.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Vieques Municipio, Puerto Rico has fallen from 11.3% to 8.6% in 2023.
Conclusion
Considering all these factors, Vieques Municipio, Puerto Rico has an overall wealth index grade of F, making it about on par with Puerto Rico, and worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Vieques Municipio, Puerto Rico.
How Rich Is Vieques Municipio, Puerto Rico?
Vieques Municipio has a wealth index grade of F. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; an F grade means residents are well below the U.S. average. The median household income is $19,095, about 24% lower than the Puerto Rico average of $25,099.
What is the current median household income in Vieques Municipio, Puerto Rico?
As of 2023, the median household income in Vieques Municipio, Puerto Rico is $19,095.
What was the median household income in Vieques Municipio in 2023?
In 2023, the median household income in Vieques Municipio, Puerto Rico was $19,095.
What was the median household income in Vieques Municipio in 2020?
In 2020, the median household income in Vieques Municipio, Puerto Rico was $13,847.
What is the Gini coefficient in Vieques Municipio, Puerto Rico?
The Gini coefficient in Vieques Municipio is 0.560. 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 Vieques Municipio, Puerto Rico?
Since 2009, the income gap between men and women in Vieques Municipio, Puerto Rico has narrowed from about 2% to -0% in 2023. In dollar terms, the gap has narrowed by $295 since 2009.