- With a median annual household income of just over $22,000, Gifford, Florida, located in Indian River County near Vero Beach, is the state’s poorest community
- Florida’s median household income is over $61,000 per year, with a statewide poverty rate of 13 percent
- The poverty rate in Gifford clocks in at over 48 percent – nearly one in two households
- The poorest community in the nation is located in Texas, with a median annual household income of just $9,110
According to the latest data, the typical American household earned an average of $69,021 over the five years ending in 2021. While this latest figure represents a modest 6% increase over estimates from the five-year period ending in 2020, for most Americans, any increase in income has been wiped out by surging inflation.
Though the consumer price index has dipped since hitting a multi-decade high of 9.1% in June 2022, inflation remains at historic highs, and Americans across the country are feeling the pinch – particularly those on the lower end of the income spectrum, without the means to absorb rising costs.
According to the latest five-year ACS data, the typical household in Florida earns $61,777 a year, though there are many places in the state where incomes are far lower. Of the 592 towns in the state with available data, Gifford ranks as the poorest. The typical Gifford household earns just $22,353 a year, 63.8% less than the statewide median household income.
Given the low incomes, it is not surprising that a larger than average share of residents live in poverty. The local poverty rate in the town stands at 48.6%, compared to the statewide poverty rate of 13.1%.
All data in this story are five-year estimates from the U.S. Census Bureau’s 2021 American Community Survey. For the purposes of this story, towns are defined as incorporated legal entities or census-designated statistical areas with populations between 1,000 to 25,000 people. Towns were excluded if median household income was not available in the 2021 ACS or if the sampling error associated with a town’s data was deemed too high.
|State||Poorest town||Median household income in town ($)||Median household income in state ($)||Poverty rate in town (%)||Poverty rate in state (%)||Number of towns considered in state|
|Hawaii||Hawaiian Ocean View||25,402||88,005||39.2||9.5||114|
|New Mexico||University Park||19,125||54,020||53.2||18.3||141|
|New York||Rochester Institute of Technology||18,229||75,157||49.8||13.5||750|
|North Carolina||Scotland Neck||15,985||60,516||47.4||13.7||405|
|North Dakota||New Rockford||35,595||68,131||11.3||10.7||50|
|Rhode Island||Central Falls||40,235||74,489||24.9||11.3||19|
|South Dakota||Fort Thompson||24,125||63,920||47.4||12.5||74|
|Wisconsin||Lac du Flambeau||26,076||67,080||29.9||10.7||357|