The Florida Panhandle, located along the Gulf Coast of the United States, is an area rich with beaches, fishing, and a variety of culture. It is home to some of the most popular tourist destinations in the country, and it is a popular spot for retirees. With its unique atmosphere and diverse population, the Florida Panhandle is an area of opportunity for many. But what is the average income in the Florida Panhandle?
Due to its popularity as a tourist destination, the average income in the Florida Panhandle is higher than the national average. According to the U.S. Census Bureau, the median household income for the Florida Panhandle for 2017 was $49,747, which is 6.5 percent higher than the national median household income of $46,800. The per capita income in the region was $27,846 in 2017, which is 7.5 percent higher than the national per capita income of $25,801.
The Florida Panhandle is also home to a variety of industries, which can influence the average income. The industries that are most prominent in the region include tourism, health care, government, and retail. These industries provide a variety of job opportunities for people in the region, and they are often the sources of higher average incomes. Additionally, the area is known for its high-end real estate, which can also contribute to higher incomes in the region.
In addition to the industries and real estate, the cost of living in the Florida Panhandle can also have an effect on average incomes. The cost of living in the area is lower than the national average, which can help to offset the higher incomes earned by those in the region. The cost of living in the Florida Panhandle is 11.9 percent lower than the national average, according to the Council for Community and Economic Research.
In conclusion, the average income in the Florida Panhandle is higher than the national average, due to its variety of industries, high-end real estate, and lower cost of living. Additionally, the area is a popular destination for tourists and retirees, which can also contribute to higher incomes for those in the region. Therefore, those looking to relocate to the Florida Panhandle can expect to have a higher income than the national average.
The Average Income In The Florida Panhandle: An Overview
The Florida Panhandle is a great place to live, work and play. But what is the average income in the Florida Panhandle? This question can be a bit complicated to answer, as there are many factors that can influence the average income of a particular region.
The average annual household income in the Florida Panhandle is $48,948. This figure is lower than the US median household income of $59,039. When you break it down by county, the average incomes vary significantly. In Escambia County, the average household income is $49,651, while in Bay County it’s $42,185. In Okaloosa County, the average household income is $50,543, and in Walton County, it’s $51,045.
When it comes to industries, the highest-paying industries in the Florida Panhandle are mining, oil and gas extraction, and the federal government. The lowest-paying industries are retail trade, accommodation, and food services. The most popular job in the Florida Panhandle is retail salesperson, followed by registered nurses, construction laborers, and cashiers.
The cost of living in the Florida Panhandle is slightly lower than the national average. The median home value in the state is $206,300, compared to the US median home value of $225,300. The median rent price for a two-bedroom apartment is $1,032, which is slightly lower than the US median of $1,063.
The average income in the Florida Panhandle is slightly lower than the US average, but the cost of living is also lower. With a variety of job opportunities and a relatively low cost of living, the Florida Panhandle is an attractive place to live and work.
Exploring Average Income By County In The Florida Panhandle
Are you curious about the average income of people living in the Florida Panhandle? If so, this article is for you. In this article, we’ll discuss the average income by county in the Florida Panhandle and how you can use this information to make an informed decision about where to live.
The Florida Panhandle is a region of the United States comprising the northernmost part of the state of Florida. It is one of the most populous regions in the country, with a population of over 3.5 million people. Its population is geographically distributed across 31 counties in the region, each with their own distinct characteristics.
So what is the average income of people living in the Florida Panhandle? According to the U.S. Census Bureau, the median household income for the Florida Panhandle as a whole is $46,948. However, when broken down by county, the median household incomes range from a low of $31,593 in Holmes County to a high of $71,843 in Santa Rosa County.
To get a better understanding of the income differences in each county, let’s take a look at the table below. It shows the median household income for each county in the Florida Panhandle as of 2019:
| County | Median Household Income |
|---|---|
| Holmes | $31,593 |
| Washington | $37,578 |
| Bay | $41,190 |
| Okaloosa | $46,500 |
| Santa Rosa | $71,843 |
As you can see, incomes vary widely across the counties in the Florida Panhandle. Factors such as the local economy, industry, and job market can all have an impact on the average income of the region’s residents. So if you’re looking for a new place to live in the Florida Panhandle, it’s important to do your research and find out information about the local job market and cost of living before making a decision.
In conclusion, the average income in the Florida Panhandle is reflective of the county-level differences in the region. To get a better understanding of the local job market and cost of living, it’s important to do your research before making a decision about where to live.
According to the US Census Bureau, the median household income in the Florida Panhandle is $48,867.
The Florida Panhandle has a slightly lower average income than the state average of $52,594.
The highest paying occupation in the Florida Panhandle is management, which has an average annual salary of $95,235.
The lowest paying occupation in the Florida Panhandle is food preparation and serving, with an average annual salary of $19,183.
The average salary for a college-educated worker in the Florida Panhandle is $47,171.
Approximately 24% of the population in the Florida Panhandle earns above the state median income.
The unemployment rate in the Florida Panhandle is 3.9%.
According to Zillow, the median home value in the Florida Panhandle is $194,400.
The poverty rate in the Florida Panhandle is 14.1%.
The largest industries in the Florida Panhandle are tourism, military, agriculture, and manufacturing.