Coconut Creek, Florida Income Statistics
Coconut Creek 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.
-
B
Coconut Creek Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Coconut Creek | Florida Avg | US Average |
|---|---|---|---|
| Median Household Income | $74,009 | $74,580 | $80,455 |
| Median Personal Income | $55,910 | $52,322 | $60,758 |
| Average Yearly Income Growth | 4.0% | 5.4% | 4.8% |
| Six-Figure Earners | 11.2% | 11.6% | 13.9% |
| $200k+ Households | 8.7% | 11.0% | 13.2% |
The median household income in Coconut Creek is about 1% lower than in Florida. Income has been growing slower in Coconut Creek (4.0%/yr) than in Florida (5.4%/yr).
About 11% of adults in Coconut Creek earn six figures ($100,000 or more) a year, about the same as the Florida average of 12%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Coconut Creek, Florida grew by 56.0% from 2009 to 2024, reaching $74,009 in 2024. That's an average of about 4.0% per year.
Income Inequality and the Gender Pay Gap in Coconut Creek
| Metric | Coconut Creek | Florida Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.537 | 0.551 | 0.552 |
| Male Median Income | $66,010 | $60,595 | $69,667 |
| Female Median Income | $55,537 | $50,762 | $56,850 |
| Gender Pay Gap | 15.9% | 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 Coconut Creek, 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 19% more than women's income in Coconut Creek, Florida. Over a 35-year career, a 19% wage gap accumulates to roughly $366,555 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Coconut Creek, Florida has widened from about 11% to 16% in 2024. Over that period the gap was widest at 29% in 2021, and was narrowest at 9% in 2011. In dollar terms, the gap has widened by $5,446 since 2009.
Sharply against the trend: the pay gap in Coconut Creek widened by 4.7 points while Florida's narrowed by 2.5 points.
Employment
| Metric | Coconut Creek | Florida Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.1% | 4.8% | 5.2% |
| Working from Home | 14.1% | 15.7% | 15.0% |
| Commute time (minutes) | 28 | 23 | 22 |
Approximately 1,540 people are unemployed in Coconut Creek, Florida.
The average commute time in Coconut Creek is 28 minutes, longer than the 23 minutes in Florida.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Coconut Creek, Florida has fallen from 7.6% to 5.1% in 2024. Over that period the rate peaked at 10.1% in 2013 and fell as low as 4.1% in 2020.
Coconut Creek, FL Wealth Compared With Nearby Cities
Coconut Creek, FL is the smallest of the 4 cities compared here, 57,412 residents against a local median of 82,666. The measure that sets Coconut Creek, FL apart most is median household income: $74,009, 16% above the local median of $63,661. That is the better end of the local range on this measure.
The cities themselves spread $8,970 on median household income, so Coconut Creek, FL sits at one end of an already wide local range rather than apart from it. Coconut Creek, FL has the highest median household income of the 4 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. |
|---|---|---|---|---|---|
| Coconut Creek, FL | 57,412 | $74,009 #1/4 | 4.0%/yr #4/4 | 5.1% #2/4 | 0.537 #2/4 |
| Margate, FL | 58,812 | $63,661 | 4.7%/yr | 4.2% | 0.526 |
| Deerfield Beach, FL | 82,666 | $58,347 | 4.2%/yr | 5.6% | 0.556 |
| Pompano Beach, FL | 108,674 | $67,318 | 5.8%/yr | 8.2% | 0.544 |
Conclusion
Considering all these factors, Coconut Creek, Florida has an overall wealth index grade of B, making it somewhat better than Florida, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Coconut Creek, Florida.
How Rich Is Coconut Creek, Florida?
Coconut Creek 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 $74,009, about 1% lower than the Florida average of $74,580.
How has median household income changed in Coconut Creek, Florida?
Between 2009 and 2024, the median household income in Coconut Creek, Florida rose 56%, from $47,437 to $74,009. Over the same years, income here kept pace with Florida as a whole: +56% against +57%.
What was the median household income in Coconut Creek in 2023?
In 2023, the median household income in Coconut Creek, Florida was $74,186, up 4% from $71,381 in 2022. The Florida median that year was $71,864.
What was the median household income in Coconut Creek in 2020?
In 2020, the median household income in Coconut Creek, Florida was $64,200. By 2024 it had risen 15% to $74,009.
What is the Gini coefficient in Coconut Creek, Florida?
The Gini coefficient in Coconut Creek 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 Coconut Creek, Florida?
Since 2009, the income gap between men and women in Coconut Creek, Florida has widened from about 11% to 16% in 2024. Over that period the gap was widest at 29% in 2021, and was narrowest at 9% in 2011. In dollar terms, the gap has widened by $5,446 since 2009.
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