Boca Raton, Florida Income Statistics
Boca Raton Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
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B
Boca Raton Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Boca Raton | Florida Avg | US Average |
|---|---|---|---|
| Median Household Income | $102,309 | $74,580 | $80,455 |
| Median Personal Income | $82,291 | $52,322 | $60,758 |
| Average Yearly Income Growth | 4.9% | 5.4% | 4.8% |
| Six-Figure Earners | 22.9% | 11.6% | 13.9% |
| $200k+ Households | 24.7% | 11.0% | 13.2% |
The median household income in Boca Raton is about 37% higher than in Florida. Income has been growing slower in Boca Raton (4.9%/yr) than in Florida (5.4%/yr).
About 23% of adults in Boca Raton earn six figures ($100,000 or more) a year, higher than the Florida average of 12%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Boca Raton, Florida grew by 51.4% from 2009 to 2024, reaching $102,309 in 2024. That's an average of about 4.9% per year.
Income Inequality and the Gender Pay Gap in Boca Raton
| Metric | Boca Raton | Florida Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.554 | 0.551 | 0.552 |
| Male Median Income | $101,724 | $60,595 | $69,667 |
| Female Median Income | $68,943 | $50,762 | $56,850 |
| Gender Pay Gap | 32.2% | 16.2% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Boca Raton, it is 0.554, about the same as Florida's 0.551, so income here is about as evenly distributed as there, and about the same as the US's 0.552, so income here is about as evenly distributed as there.
Men's income is about 48% more than women's income in Boca Raton, Florida. Over a 35-year career, a 48% wage gap accumulates to roughly $1,147,335 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Boca Raton, Florida has widened from about 29% to 32% in 2024. Over that period the gap was widest at 40% in 2021, and was narrowest at 21% in 2014. In dollar terms, the gap has widened by $14,758 since 2009.
Sharply against the trend: the pay gap in Boca Raton widened by 3.4 points while Florida's narrowed by 2.5 points.
Employment
| Metric | Boca Raton | Florida Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.4% | 4.8% | 5.2% |
| Working from Home | 23.6% | 15.7% | 15.0% |
| Commute time (minutes) | 17 | 23 | 22 |
Approximately 2,830 people are unemployed in Boca Raton, Florida.
The average commute time in Boca Raton is 17 minutes, shorter than the 23 minutes in Florida.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Boca Raton, Florida has fallen from 8.4% to 5.4% in 2024. Over that period the rate peaked at 10.1% in 2013 and fell as low as 5.1% in 2018.
Boca Raton, FL Wealth Compared With Nearby Cities
How Boca Raton, FL compares with the 2 cities closest to it.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Boca Raton, FL | 103,926 | $102,309 #1/3 | 4.9%/yr #2/3 | 5.4% #1/3 | 0.554 #2/3 |
| Deerfield Beach, FL | 82,666 | $58,347 | 4.2%/yr | 5.6% | 0.556 |
| Delray Beach, FL | 65,408 | $80,808 | 5.6%/yr | 5.5% | 0.534 |
Conclusion
Considering all these factors, Boca Raton, Florida has an overall wealth index grade of B, making it notably better than Florida, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Boca Raton, Florida.
How Rich Is Boca Raton, Florida?
Boca Raton has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $102,309, about 37% higher than the Florida average of $74,580.
How fast is household income rising in Boca Raton, Florida?
Between 2009 and 2024, the median household income in Boca Raton, Florida rose 51%, from $67,561 to $102,309. Over the same years, income here lagged behind Florida as a whole: +51% against +57%.
What was the median household income in Boca Raton in 2023?
In 2023, the median household income in Boca Raton, Florida was $98,610, up 3% from $95,503 in 2022. The Florida median that year was $71,864.
What was the median household income in Boca Raton in 2020?
In 2020, the median household income in Boca Raton, Florida was $81,745. By 2024 it had risen 25% to $102,309.
Is Boca Raton, Florida a high-income area?
Yes. 23% of adults in Boca Raton, Florida earn $100,000 or more a year (about 1 in 4), against 12% (about 1 in 9) in Florida. 25% of households have a combined income of $200,000 or more, compared with 11% in Florida.
What is the Gini coefficient in Boca Raton, Florida?
The Gini coefficient in Boca Raton is 0.554. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is almost the same as the US average of 0.552, so income is distributed about as equally as in the country overall.
How has the income gap between men and women changed in Boca Raton, Florida?
Since 2009, the income gap between men and women in Boca Raton, Florida has widened from about 29% to 32% in 2024. Over that period the gap was widest at 40% in 2021, and was narrowest at 21% in 2014. In dollar terms, the gap has widened by $14,758 since 2009.
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