Broward County, Florida Income Statistics
Broward County Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of a county's residents based on income levels, employment rates, and income inequality metrics.
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C
Broward County Below averageWealthier than 80% of counties in Florida
Source: Map AI Methodology
Income Statistics Overview
| Metric | Broward County | Florida Avg | US Average |
|---|---|---|---|
| Median Household Income | $77,494 | $74,580 | $80,455 |
| Median Personal Income | $54,211 | $52,322 | $60,758 |
| Average Yearly Income Growth | 4.8% | 5.4% | 4.8% |
| Six-Figure Earners | 12.5% | 11.6% | 13.9% |
| $200k+ Households | 12.2% | 11.0% | 13.2% |
The median household income in Broward County is about 4% higher than in Florida. Income has been growing slower in Broward County (4.8%/yr) than in Florida (5.4%/yr).
About 13% of adults in Broward County 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 Broward County, Florida grew by 49.0% from 2009 to 2024, reaching $77,494 in 2024. That's an average of about 4.8% per year.
Income Inequality and the Gender Pay Gap in Broward County
| Metric | Broward County | Florida Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.553 | 0.551 | 0.552 |
| Male Median Income | $60,854 | $60,595 | $69,667 |
| Female Median Income | $52,816 | $50,762 | $56,850 |
| Gender Pay Gap | 13.2% | 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 Broward County, it is 0.553, 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 15% more than women's income in Broward County, Florida. Over a 35-year career, a 15% wage gap accumulates to roughly $281,330 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Broward County, Florida has narrowed from about 18% to 13% in 2024. Over that period the gap was widest at 19% in 2010, and was narrowest at 12% in 2022. In dollar terms, the gap has widened by $23 since 2009.
Employment
| Metric | Broward County | Florida Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.4% | 4.8% | 5.2% |
| Working from Home | 14.7% | 15.7% | 15.0% |
| Commute time (minutes) | 26 | 23 | 22 |
Approximately 58,000 people are unemployed in Broward County, Florida.
The average commute time in Broward County is 26 minutes, longer than the 23 minutes in Florida.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Broward County, Florida has fallen from 10.5% to 5.4% in 2024. Over that period the rate peaked at 11.9% in 2013.
Broward County, FL Wealth Compared With Nearby Counties
Broward County, FL is the 2nd largest of the 6 counties compared here, 1,975,984 residents against a local median of 398,267. Broward County, FL's unemployment, at 5.4%, runs 18% above the 4.6% typical of the counties around it. That is the weaker end of the local range on this measure.
Income growth tells the same story from another angle: 4.8%/yr against a local median of 5.7%/yr, 17% below it. Every measure here with a clear better direction points the same way, and it is the wrong way: Broward County, FL reads weaker than its neighbours on all of them. The counties themselves spread 1.5% on unemployment, so Broward County, FL sits at one end of an already wide local range rather than apart from it. Broward County, FL has the 5th lowest unemployment of the 6 areas compared here.
| 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. |
|---|---|---|---|---|---|
| Broward County, FL | 1,975,984 | $77,494 #4/6 | 4.8%/yr #6/6 | 5.4% #5/6 | 0.553 #4/6 |
| Palm Beach County, FL | 1,530,264 | $84,275 | 5.3%/yr | 5.5% | 0.552 |
| Miami-Dade County, FL | 2,733,460 | $71,937 | 6.2%/yr | 4.6% | 0.577 |
| Hendry County, FL | 42,373 | $57,352 | 5.7%/yr | 4.4% | 0.563 |
| Martin County, FL | 160,388 | $83,704 | 5.9%/yr | 4.9% | 0.551 |
| Collier County, FL | 398,267 | $90,750 | 5.4%/yr | 3.9% | 0.542 |
Conclusion
Considering all these factors, Broward County, Florida has an overall wealth index grade of C, making it somewhat better than Florida, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Broward County, Florida.
How Rich Is Broward County, Florida?
Broward County 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 $77,494, about 4% higher than the Florida average of $74,580.
How fast is household income rising in Broward County, Florida?
Between 2009 and 2024, the median household income in Broward County, Florida rose 49%, from $51,997 to $77,494. Over the same years, income here lagged behind Florida as a whole: +49% against +57%.
What was the median household income in Broward County in 2023?
In 2023, the median household income in Broward County, Florida was $74,549, up 6% from $70,445 in 2022. The Florida median that year was $71,864.
What was the median household income in Broward County in 2020?
In 2020, the median household income in Broward County, Florida was $61,024. By 2024 it had risen 27% to $77,494.
What is the Gini coefficient in Broward County, Florida?
The Gini coefficient in Broward County is 0.553. 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 Broward County, Florida?
Since 2009, the income gap between men and women in Broward County, Florida has narrowed from about 18% to 13% in 2024. Over that period the gap was widest at 19% in 2010, and was narrowest at 12% in 2022. In dollar terms, the gap has widened by $23 since 2009.
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