Coral Springs, Florida Income Statistics
Coral Springs 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
Coral Springs Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Coral Springs | Florida Avg | US Average |
|---|---|---|---|
| Median Household Income | $93,880 | $74,580 | $80,455 |
| Median Personal Income | $59,193 | $52,322 | $60,758 |
| Average Yearly Income Growth | 4.0% | 5.4% | 4.8% |
| Six-Figure Earners | 14.2% | 11.6% | 13.9% |
| $200k+ Households | 15.7% | 11.0% | 13.2% |
The median household income in Coral Springs is about 26% higher than in Florida. Income has been growing slower in Coral Springs (4.0%/yr) than in Florida (5.4%/yr).
About 14% of adults in Coral Springs 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 Coral Springs, Florida grew by 32.2% from 2009 to 2024, reaching $93,880 in 2024. That's an average of about 4.0% per year.
Income Inequality and the Gender Pay Gap in Coral Springs
| Metric | Coral Springs | Florida Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.550 | 0.551 | 0.552 |
| Male Median Income | $68,922 | $60,595 | $69,667 |
| Female Median Income | $56,204 | $50,762 | $56,850 |
| Gender Pay Gap | 18.5% | 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 Coral Springs, it is 0.550, 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 23% more than women's income in Coral Springs, Florida. Over a 35-year career, a 23% wage gap accumulates to roughly $445,130 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Coral Springs, Florida has narrowed from about 29% to 18% in 2024. Over that period the gap was widest at 31% in 2010, and was narrowest at 15% in 2023. In dollar terms, the gap has narrowed by $3,245 since 2009.
Employment
| Metric | Coral Springs | Florida Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.9% | 4.8% | 5.2% |
| Working from Home | 14.8% | 15.7% | 15.0% |
| Commute time (minutes) | 30 | 23 | 22 |
Approximately 3,587 people are unemployed in Coral Springs, Florida.
The average commute time in Coral Springs is 30 minutes, longer than the 23 minutes in Florida.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Coral Springs, Florida has fallen from 9.7% to 4.9% in 2024. Over that period the rate peaked at 12.0% in 2013.
Coral Springs, FL Wealth Compared With Nearby Cities
Coral Springs, FL is the largest of the 6 cities compared here, 133,960 residents against a local median of 57,412. The measure that sets Coral Springs, FL apart most is median household income: $93,880, 38% above the local median of $68,117. That is the better end of the local range on this measure.
Income growth tells the same story from another angle: 4.0%/yr against a local median of 4.7%/yr, 15% below it. The picture is mixed rather than uniform: median household income runs ahead of the neighbourhood while income growth runs behind it, so Coral Springs, FL is trading one against the other rather than simply out-performing what surrounds it. The cities themselves spread $127,137 on median household income, so Coral Springs, FL sits at one end of an already wide local range rather than apart from it. Coral Springs, FL has the 2nd highest median household income 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. |
|---|---|---|---|---|---|
| Coral Springs, FL | 133,960 | $93,880 #2/6 | 4.0%/yr #6/6 | 4.9% #3/6 | 0.550 #6/6 |
| Parkland, FL | 36,099 | $188,370 | 4.9%/yr | 3.9% | 0.543 |
| Margate, FL | 58,812 | $63,661 | 4.7%/yr | 4.2% | 0.526 |
| Tamarac, FL | 71,922 | $61,234 | 4.3%/yr | 5.0% | 0.519 |
| North Lauderdale, FL | 43,820 | $68,117 | 6.2%/yr | 6.2% | 0.499 |
| Coconut Creek, FL | 57,412 | $74,009 | 4.0%/yr | 5.1% | 0.537 |
Conclusion
Considering all these factors, Coral Springs, 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 Coral Springs, Florida.
How Rich Is Coral Springs, Florida?
Coral Springs 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 $93,880, about 26% higher than the Florida average of $74,580.
How fast is household income rising in Coral Springs, Florida?
Between 2009 and 2024, the median household income in Coral Springs, Florida rose 32%, from $71,010 to $93,880. Over the same years, income here lagged behind Florida as a whole: +32% against +57%.
What was the median household income in Coral Springs in 2023?
In 2023, the median household income in Coral Springs, Florida was $90,783, up 3% from $88,085 in 2022. The Florida median that year was $71,864.
What was the median household income in Coral Springs in 2020?
In 2020, the median household income in Coral Springs, Florida was $78,072. By 2024 it had risen 20% to $93,880.
What is the Gini coefficient in Coral Springs, Florida?
The Gini coefficient in Coral Springs is 0.550. 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 Coral Springs, Florida?
Since 2009, the income gap between men and women in Coral Springs, Florida has narrowed from about 29% to 18% in 2024. Over that period the gap was widest at 31% in 2010, and was narrowest at 15% in 2023. In dollar terms, the gap has narrowed by $3,245 since 2009.
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