Florida Bucked National Trend With Increase In Household Income

FLORIDA — Median household income rose slightly in Florida in 2021, compared with two years earlier before the start of the pandemic, according to a new report from the Census Bureau.

Nationally, median household income remained about the same in 2021 versus pre-pandemic 2019, increasing a meager $78 to $69,717, according to American Community Survey responses. The last time median household income flat lined or went down was in 2013.

At the same time, the so-called “Gini index,” which measures wealth and income inequality, increased by 0.8 percent nationally. The wealth gap also widened in 21 states and the District of Columbia.

Survey responses from 2020 were thrown out of the comparison. Responses were down during pandemic disruptions, and those who did respond had statistically different social, economic and housing situations than those who did, leading to “unreasonable estimates,” the Census Bureau said.

Florida bucked the national trend line.

Breaking down the statistics, Florida residents as a whole saw a 0.5 percent increase in median income.

The median household income was $63,062 in 2021, compared with $62,767 in 2019.

The Gini index in Florida decreased by 1.3 percent.

Comparable numbers were reported for the Miami-Fort Lauderdale-Pompano Beach metro area, where the median household income was $62,951 in 2021, compared with $61,367 in 2019. This was an increase of 2.6 percent.

Similar figures were reported for the Tampa-St. Petersburg-Clearwater metro area, where the median household income was $63,814 in 2021, compared with $63,736 in 2019. This was a increase of 0.1 percent.

Similar figures were reported for the Miami-Fort Lauderdale-Pompano Beach metro area, where the median household income was $63,814 in 2021, compared with $63,736 in 2019. This was a increase of 0.1 percent.

Importantly, the report looks at median rather than average income. The median is the middle point in the data set that includes income distribution above and below it, including those without income.

The Gini index ranges from 0 to 1, with 0 representing perfect equality with a proportional distribution of income, and 1 representing perfect inequality, according to the report.

Some other findings:

• White, Asian and Hispanic households saw the greatest increase in median household income between 2019 and 2021. Income remained about the same in Black households.
• Households headed by householders aged 25 to 44 experienced an increase in median household income between 2019 and 2021 while households maintained by householders 65 years and older experienced a decrease.
• The other age groups saw no significant change in median household income.