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orlandosentinel.com orlandosentinel.com 14 Jan, 2022 19:00 am

Central Florida residents earn median of $4,700 in passive income per year, report says

Central Florida residents earn median of $4,700 in passive income per year, report says
A new report says Central Florida residents are tops when it comes to making a few thousand extra dollars through passive income per year.

A new report says Central Florida residents are tops when making a few thousand extra dollars through passive income per year.1% of households earning passive income from interest, dividends, and/or net rental income.Central Florida resident earnings of $4,700 in passive income from households who receive it is higher than the national average median of $4,200.White non-Hispanics account for 25% of the households that have passive income as opposed to just 7% of Hispanic households and 6% of Black households, according to researchers.

Metro areas were ranked by median passive income from homes that received it, including the percentage of households with passive income, median total income, and the poverty rate.Census Bureau data shows Florida households are among the top earners, according to researchers at ChambersofCommerce.

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