Sanibel Island is considered an affluent community, characterized by significantly high income levels and a low poverty rate. The economic indicators for the island reflect a prosperous area.
Key Economic Indicators
Analyzing the most recent available data, Sanibel Island exhibits strong financial health:
- High Income Levels: Both household and individual incomes on Sanibel Island are robust.
- The median household income (in 2022 dollars, for the period 2018-2022) was recorded at $111,683. This figure is substantially higher than the national median, indicating a wealthy resident base.
- The per capita income (in 2022 dollars, for the period 2018-2022) was even higher at $114,484. This suggests a high concentration of wealth per person, common in areas with many retirees or high-value properties.
- Low Poverty Rate: The percentage of persons living in poverty on Sanibel Island is relatively low.
- Only 9.5% of the population falls below the poverty line. This is lower than the national average, further supporting its status as an affluent area.
These figures collectively demonstrate that Sanibel Island is an economically well-off locale, with residents enjoying high incomes and a relatively low incidence of poverty.
Sanibel Island Economic Snapshot
| Indicator | Value |
|---|---|
| Median household income (2018-2022, 2022 dollars) | $111,683 |
| Per capita income (2018-2022, 2022 dollars) | $114,484 |
| Persons in poverty, percent | 9.5% |
This data paints a clear picture of Sanibel Island as a wealthy destination and residential area, rather than a poor one.
