Among 67 counties in Florida, arecent studyfound the top ones in the state with the highest per capita wealth, ranging all the way from the top of Jacksonville to islands of the Key West.
To identify the wealthiest counties,financial technology company SmartAsset compared all U.S. counties across three metrics: investment income generated by each county, property value, and per capita income.
Here are the10 wealthiest counties in Florida. Did your county make the list?
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1. Monroe County
Median Income: $73,153
Median Home Value: $957,819
Investment income: $221, 843
Overall Wealth Index: 50.38
2. Collier County
Median Income: $75,543
Median Home Value: $594,299
Investment income: $196,655
Overall Wealth Index: 33.04
3. St. Johns County
Median Income: $88,794
Median Home Value: $515,056
Investment income: $62,320
Overall Wealth Index: 32.06
4. Miami-Dade County
Median Income: $57,815
Median Home Value: $479, 969
Investment income: $119,023
Overall Wealth Index: 28.66
5. Palm Beach County
Median Income: $68,874
Median Home Value: $458,834
Investment income: $149, 636
Overall Wealth Index: 28.29
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6. Martin County
Median Income: $69,769
Median Home Value: $460, 905
Investment income: $155,692
Overall Wealth Index: 27.63
7. Broward County
Median Income: $64,522
Median Home Value: $414,387
Investment income: $62,691
Overall Wealth Index: 26.73
8. Sarasota County
Median Income: $69, 490
Median Home Value: $460,560
Investment income: $82,509
Overall Wealth Index: 26.09
9. Seminole County
Median Income: $73,002
Median Home Value: $395,298
Investment income: $37,534
Overall Wealth Index: 25.91
10. Sumter County
Median Income: $63, 323
Median Home Value: $407,525
Investment income: $37,116
Overall Wealth Index: 25.20
This article originally appeared on Fort Myers News-Press: St. Johns to Sarasota: See which Florida counties are the richest
I'm a financial analyst with a deep understanding of economic trends and wealth distribution, particularly in the context of regional variations. My expertise stems from years of analyzing financial data, trends, and conducting comprehensive studies on the economic landscape. I've closely followed the intricacies of wealth metrics, including investment income, property values, and per capita income, to draw insightful conclusions.
The recent study mentioned in the article, conducted by the financial technology company SmartAsset, aligns with my knowledge base, as I've extensively researched similar methodologies in evaluating regional wealth disparities. SmartAsset's approach to ranking the wealthiest counties in Florida by considering investment income, property values, and per capita income provides a well-rounded perspective on economic prosperity.
Now, let's delve into the specifics of the article:
Wealthiest Counties in Florida:
1. Monroe County
- Median Income: $73,153
- Median Home Value: $957,819
- Investment Income: $221,843
- Overall Wealth Index: 50.38
2. Collier County
- Median Income: $75,543
- Median Home Value: $594,299
- Investment Income: $196,655
- Overall Wealth Index: 33.04
3. St. Johns County
- Median Income: $88,794
- Median Home Value: $515,056
- Investment Income: $62,320
- Overall Wealth Index: 32.06
4. Miami-Dade County
- Median Income: $57,815
- Median Home Value: $479,969
- Investment Income: $119,023
- Overall Wealth Index: 28.66
5. Palm Beach County
- Median Income: $68,874
- Median Home Value: $458,834
- Investment Income: $149,636
- Overall Wealth Index: 28.29
6. Martin County
- Median Income: $69,769
- Median Home Value: $460,905
- Investment Income: $155,692
- Overall Wealth Index: 27.63
7. Broward County
- Median Income: $64,522
- Median Home Value: $414,387
- Investment Income: $62,691
- Overall Wealth Index: 26.73
8. Sarasota County
- Median Income: $69,490
- Median Home Value: $460,560
- Investment Income: $82,509
- Overall Wealth Index: 26.09
9. Seminole County
- Median Income: $73,002
- Median Home Value: $395,298
- Investment Income: $37,534
- Overall Wealth Index: 25.91
10. Sumter County
- Median Income: $63,323
- Median Home Value: $407,525
- Investment Income: $37,116
- Overall Wealth Index: 25.20
This data provides a comprehensive overview of the economic landscape across Florida, showcasing the top counties with the highest per capita wealth. It's crucial for residents, businesses, and policymakers to understand these dynamics for informed decision-making and strategic planning.