Data: American Community Survey; Map: Jared Whalen/Axios
Median household incomes significantly increased across the region between 2015 and 2020, according to new census data.
In Hillsborough County, the median household income jumped from $51,000 to $61,000, an increase of nearly 20%.
In the same period, Pinellas increased from $46,000 to $56,000, a 23% jump and the highest increase in the Tampa Bay area. Sarasota County registered a 25% jump, from $52,000 to $65,000.
Why it matters: The census data provides a snapshot of a rapidly changing economy.
The intrigue: Home values outgrew median incomes in most major metro areas last year, including here, according to a new Zillow study.
In the Tampa– St. Petersburg– Clearwater metro:
Typical home valuesgrew $74,754 in 2021, while median pretax income in the area was $46,000.
That means homesmade $28,754 more than the median income.