Boynton Beach, Florida Income Statistics
Boynton Beach 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.
-
C
Boynton Beach Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Boynton Beach | Florida Avg | US Average |
|---|---|---|---|
| Median Household Income | $70,960 | $74,580 | $80,455 |
| Median Personal Income | $48,927 | $52,322 | $60,758 |
| Average Yearly Income Growth | 5.2% | 5.4% | 4.8% |
| Six-Figure Earners | 10.2% | 11.6% | 13.9% |
| $200k+ Households | 8.1% | 11.0% | 13.2% |
The median household income in Boynton Beach is about 5% lower than in Florida. Income has been growing slower in Boynton Beach (5.2%/yr) than in Florida (5.4%/yr).
About 10% of adults in Boynton Beach earn six figures ($100,000 or more) a year, lower than the Florida average of 12%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Boynton Beach, Florida grew by 59.8% from 2009 to 2024, reaching $70,960 in 2024. That's an average of about 5.2% per year.
Income Inequality and the Gender Pay Gap in Boynton Beach
| Metric | Boynton Beach | Florida Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.537 | 0.551 | 0.552 |
| Male Median Income | $53,394 | $60,595 | $69,667 |
| Female Median Income | $50,800 | $50,762 | $56,850 |
| Gender Pay Gap | 4.9% | 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 Boynton Beach, it is 0.537, lower than Florida's 0.551, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 5% more than women's income in Boynton Beach, Florida. Over a 35-year career, a 5% wage gap accumulates to roughly $90,790 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Boynton Beach, Florida has narrowed from about 12% to 5% in 2024. Over that period the gap was widest at 13% in 2010, and was narrowest at 4% in 2017. In dollar terms, the gap has narrowed by $2,459 since 2009.
Employment
| Metric | Boynton Beach | Florida Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.4% | 4.8% | 5.2% |
| Working from Home | 10.7% | 15.7% | 15.0% |
| Commute time (minutes) | 23 | 23 | 22 |
Approximately 2,710 people are unemployed in Boynton Beach, Florida.
The average commute time in Boynton Beach is 23 minutes, about the same as in Florida.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Boynton Beach, Florida has fallen from 12.7% to 6.4% in 2024. Over that period the rate peaked at 14.0% in 2013 and fell as low as 6.0% in 2023.
Conclusion
Considering all these factors, Boynton Beach, Florida has an overall wealth index grade of C, making it about on par with Florida, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Boynton Beach, Florida.
How Rich Is Boynton Beach, Florida?
Boynton Beach has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $70,960, about 5% lower than the Florida average of $74,580.
How has median household income changed in Boynton Beach, Florida?
Between 2009 and 2024, the median household income in Boynton Beach, Florida rose 60%, from $44,419 to $70,960. Over the same years, income here outpaced Florida as a whole: +60% against +57%.
What was the median household income in Boynton Beach in 2023?
In 2023, the median household income in Boynton Beach, Florida was $72,532, up 4% from $69,551 in 2022. The Florida median that year was $71,864.
What was the median household income in Boynton Beach in 2020?
In 2020, the median household income in Boynton Beach, Florida was $57,018. By 2024 it had risen 24% to $70,960.
Is unemployment high in Boynton Beach, Florida?
Unemployment in Boynton Beach, Florida is 6.4%, well above the Florida rate of 4.8%, so job seekers may face more competition than elsewhere.
What is the Gini coefficient in Boynton Beach, Florida?
The Gini coefficient in Boynton Beach is 0.537. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Boynton Beach, Florida?
Since 2009, the income gap between men and women in Boynton Beach, Florida has narrowed from about 12% to 5% in 2024. Over that period the gap was widest at 13% in 2010, and was narrowest at 4% in 2017. In dollar terms, the gap has narrowed by $2,459 since 2009.
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