Florida - Income



According to the Bureau of Economic Analysis, in 2001, Florida had a per capita personal income (PCPI) of $29,048 which ranked 22nd in the United States (including the District of Columbia) and was 96% of the national average, $30,413. The 2001 PCPI reflected an increase of 2.4% from 2000 compared to the national change of 2.2%. In 2001, Florida had a total personal income (TPI) of $475,606,702,000 which ranked 4th in the United States and accounted for 5.5% of the national total. The 2001 TPI reflected an increase of 4.5% from 2000 compared to the national change of 3.3%.

Earnings of persons employed in Florida increased from $284,163,202,000 in 2000 to $296,484,468,000 in 2001, an increase of 4.3%. The largest industries in 2001 were services, 35.0% of earnings; state and local government, 11.8%; and retail trade, 11.0%. Of the industries that accounted for at least 5% of earnings in 2001, the slowest growing from 2000 to 2001 was wholesale trade (6.4% of earnings in 2001), which increased 0.8%; the fastest was construction (6.3% of earnings in 2001), which increased 7.1%.

According to data released by the US Census Bureau, in 2000, the median household income was $37,998 compared to the national average of $42,148. In 2001, the median income for a family of four was $56,824 compared to the national average of $63,278. For the period 1999 to 2001, the average poverty rate was 12.0% which placed it 31 among the 50 states and the District of Columbia ranked lowest to highest.



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