Florida Income Statistics for 2024

The average income for households in Florida is $96,992,
which is 8% lower than the US average.

US $105,833 Poverty $27,750 FL

The median income for households in Florida is $67,917,
which is 10% lower than the US median.

US $75,149 Poverty $27,750 FL

More Texas income data: Richest Zips | Salaries | Individuals | Families | Retirement | Levels | By Age

Citations

Richest Florida Zip Codes (2024)

by Kristen Carney Kristen Carney

Updated: July 18, 2024

The richest zip code in Florida is 33109 with an average household income of $900,203 and 792 people according to the most current Census data available (citation).

10 Richest Florida Zip Codes

per the most current (2022) Census data with at least 500 people and a reasonable margin of error

Rank Zip Code Population Mean Income Median Household Income
1 33109 792 $900,203 $250,001
2 33480 10,853 $333,795 $163,929
3 33158 6,536 $284,824 $177,917
4 33149 14,639 $264,439 $169,792
5 32963 15,117 $248,440 $143,438
6 34102 10,767 $243,094 $111,742
7 33156 32,582 $231,573 $133,862
8 34228 7,479 $226,348 $141,250
9 33629 26,625 $223,527 $152,044
10 34103 11,214 $223,130 $99,615

To identify the richest zip codes in Florida, we downloaded the most current income data from the US Census Bureau, excluded zips with fewer than 500 people, excluded the zips with margins of error greater than 50% of the income estimate and sorted by mean income. Click on the links above in the chart to see more income statistics for these wealthy Florida zips codes or learn more about the highest income zip codes in the US.

Florida Salary Data

  • The average salary for full-time workers in Florida is $70,190.
  • The median salary for full-time workers in Florida is $49,515.

The salary data above comes from the most current (2022) US Census’ American Community Survey (ACS) 5-year dataset and is based on earnings data for full-time workers. Note that earnings data includes both wage and salary data. The Bureau of Labor Statistics also publishes wage and salary data, but their dataset doesn’t include self-employed workers whereas the ACS dataset does include self-employed workers. Get help in the Median versus Average section to decide which statistic is best for your purposes.

Florida Individual Incomes

  • The median income for single person households in Florida is $36,358. A single-person household is when one person lives alone in a home or apartment without any other people. They could be single, divorced, widowed, or just prefer living alone.
  • The average income per person in Florida is $38,850, which is also known as the Florida per capita income. This figure tends to be lower than other income statistics, such as median household income, because it divides the total income by all people, including children and individuals who may not be working, rather than just by those earning an income.

Florida Family Income Data

  • The average family income for Florida is $112,658.
  • The median family income for Florida is $81,514.

Family income reflects the combined income of all earners in a family unit. Single-person households are not included in this calculation, as family income specifically refers to households with more than one person. Get help in the Median versus Average section to decide which statistic is best for your purposes.

Florida Retirement Income

  • The total average retirement income in Florida is $57,332, which consists of $34,220 from retirement income and $23,112 from Social Security income.

Retirement income includes not only regular payments from pensions and retirement accounts like 401(k)s or IRAs but also survivor benefits for spouses or children of deceased individuals and disability pensions for those unable to work due to a disability. Social Security income includes payments from Social Security and U.S. railroad retirement pensions, survivor benefits, and disability insurance from the Social Security Administration, but excludes Medicare reimbursements.

Florida Income Levels or Income Distribution

Households 8,353,441 100%
Less than $10,000 432,707 5%
$10,000 to $14,999 310,031 4%
$15,000 to $19,999 300,883 4%
$20,000 to $24,999 337,713 4%
$25,000 to $29,999 349,938 4%
$30,000 to $34,999 346,993 4%
$35,000 to $39,999 336,384 4%
$40,000 to $44,999 331,788 4%
$45,000 to $49,999 341,798 4%
$50,000 to $59,999 642,392 8%
$60,000 to $74,999 827,314 10%
$75,000 to $99,999 1,099,260 13%
$100,000 to $124,999 794,559 10%
$125,000 to $149,999 538,175 6%
$150,000 to $199,999 615,715 7%
$200,000 or more 747,791 9%

Florida Median Income by of Age of Householder

Florida
Householder under 25 years $41,020
Householder 25 to 44 years $73,861
Householder 45 to 64 years $80,393
Householder 65 years and over $53,384

This table illustrates the median household income in Florida by the age of the householder. Younger householders under 25 years old have low median income at $41,020. Income levels increase significantly for householders in the middle age ranges. However, income tends to decrease for householders aged 65 and over, with a median income of $53,384. This pattern reflects typical income trends, where earnings tend to peak during mid-career years and taper off as individuals transition into retirement.

Median Income versus Average Income: Which Should You Use?

We usually suggest using median income data – either instead of or in addition to – average income data as a true indicator of wealth. If you haven’t thought about median versus average since your last standardized test, you aren’t alone. Here’s what they are:

  • average is the sum of a set of numbers divided by the count of numbers in the set
  • median is the middle number in the set of numbers
illustration of median vs average

Now let’s say you had the following simplified set of income data.

Household 1: $30,000
Household 2: $50,000
Household 3: $1,000,000

The average income for this set is $360,000. The outlier data point ($1,000,000) skews the average WAY up. Conversely, the average income would be skewed WAY down if someone had an income of $500. The median income for the same data set is $50,000. Outlier data doesn’t skew the median.

Most Business Owners Should Use Median Income

So most business owners should use the median income as a true indicator of wealth, because it provides a more accurate representation of a typical income, especially in areas with significant income disparity.

When Should You Use Average Income

If your target market is high-income households, the average income may be more relevant. This is because the average income can highlight the presence of a higher concentration of wealthy individuals, which is beneficial for luxury goods and services marketing. We’re using average income on this page because using the Census’s highest reported median value of $250,001 could result in multiple ties for the richest geography.

Why do so many zip codes have a median value of $250,001?

The Census' American Community Survey uses $250,000+ as a jam value for median income estimates to protect privacy, ensure data consistency, and simplify reporting. A "jam value" in survey data refers to a placeholder or default value used when actual data points are unavailable, incomplete, or exceed certain thresholds. We represent this jam value as $250,001 to make it easy for you to sort.

About the Data

Sources & Margins of Error

All statistics for Florida are the most current, comparable statistics available from the US Census Bureau and are from the American Community Survey 2022 5-year estimates. The income values are in 2022 inflation-adjusted dollars and were downloaded on 7 December 2023.

The following data tables were used:

  • B01001 Sex By Age
  • B19001 Household Income in the Past 12 Months (in 2022 inflation adjusted dollars)
  • B19013 Median Household Income in the Past 12 months (in 2022 inflation-adjusted dollars)
  • B19301 Per Capita Income in the Past 12 months (in 2022 inflation-adjusted dollars)
  • S1902 Mean Income in the Past 12 months (in 2022 inflation-adjusted dollars)
  • B19049 Median Household Income In The Past 12 Months (in 2022 Inflation-adjusted dollars) By Age Of Householder

Margins of error for the income data for Florida

  • Median Household Income: +/-$259
  • Average Household Income: +/-$396
  • Per Capita Income: +/-$186
  • High Income Households: +/-0.1%
  • Median Household Income: Householders under 25: +/-$987
  • Median Household Income: Householders 25 to 44: +/-$560
  • Median Household Income: Householders 45 to 64: +/-$495
  • Median Household Income: Householders 65+: +/-$343

Poverty Thresholds for 4 Person Households

U.S. Department of Health and Human Services. (2022). Annual update of the HHS poverty guidelines. Federal Register.

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