Florida's Income Growth Ranks Middle of the Pack Among Largest States
• Florida's income growth ranks in the middle among the 10 most populous states based on real per capita personal income from 2019 to 2022. It trails states like Michigan, Ohio, Texas, and California.
• Florida ranks second based on change in real median household income from 2019 to 2022. Georgia ranked first as the only state where real median household income increased over that period.
• Florida ranks first in growth of average hourly earnings for private-sector workers from January 2019 through 2022, edging out North Carolina.
• After Florida's economic reopening during the pandemic in 2021, its income growth was middling compared to other large states.
• The statistic showing Florida first in income growth is a narrow one - average hourly earnings. Using broader income measures, Florida does not rank first.