JACKSONVILLE, Fla. — The average Floridian makes less than U.S. median income, but the state is in the top 20 states where people have the highest income, according to a new WalletHub study.
The median income in Florida is $68,818. That compares to the nation’s median of around $74,600.
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The personal finance company compared the 50 states and the District of Columbia across three key factors: the average annual income of the top 5%, the average for the bottom 20%, and the median for all of each state’s residents.
The average annual income for the top 5% is $470,308 and $15,375 for the bottom 20%.
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Based on all three key factors, Florida ranked 16th overall.
Georgia ranked 13th overall with a median income of $66,612.
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Virginia ranked number one (median income of $89,393) and West Virginia number 51 (median income of $52,719).
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