Deerfield Beach, Florida Income Statistics
Deerfield 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.
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C
Deerfield Beach Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Deerfield Beach | Florida Avg | US Average |
|---|---|---|---|
| Median Household Income | $58,347 | $74,580 | $80,455 |
| Median Personal Income | $46,148 | $52,322 | $60,758 |
| Average Yearly Income Growth | 4.2% | 5.4% | 4.8% |
| Six-Figure Earners | 8.5% | 11.6% | 13.9% |
| $200k+ Households | 6.8% | 11.0% | 13.2% |
The median household income in Deerfield Beach is about 22% lower than in Florida. Income has been growing slower in Deerfield Beach (4.2%/yr) than in Florida (5.4%/yr).
About 8% of adults in Deerfield 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 Deerfield Beach, Florida grew by 43.8% from 2009 to 2024, reaching $58,347 in 2024. That's an average of about 4.2% per year.
Income Inequality and the Gender Pay Gap in Deerfield Beach
| Metric | Deerfield Beach | Florida Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.556 | 0.551 | 0.552 |
| Male Median Income | $54,858 | $60,595 | $69,667 |
| Female Median Income | $47,312 | $50,762 | $56,850 |
| Gender Pay Gap | 13.8% | 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 Deerfield Beach, it is 0.556, 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 16% more than women's income in Deerfield Beach, Florida. Over a 35-year career, a 16% wage gap accumulates to roughly $264,110 in unearned income for female workers in the area.
Income by Sex Over Time
The income gap between men and women in Deerfield Beach, Florida has stayed about the same since 2009, at around 14%. Over that period the gap was widest at 14% in 2010, and was narrowest at 5% in 2018. In dollar terms, the gap has widened by $2,168 since 2009.
Employment
| Metric | Deerfield Beach | Florida Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.6% | 4.8% | 5.2% |
| Working from Home | 12.4% | 15.7% | 15.0% |
| Commute time (minutes) | 25 | 23 | 22 |
Approximately 2,371 people are unemployed in Deerfield Beach, Florida.
The average commute time in Deerfield Beach is 25 minutes, longer than the 23 minutes in Florida.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Deerfield Beach, Florida has fallen from 10.9% to 5.6% in 2024. Over that period the rate peaked at 11.4% in 2012.
Deerfield Beach, FL Wealth Compared With Nearby Cities
How Deerfield Beach, 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. |
|---|---|---|---|---|---|
| Deerfield Beach, FL | 82,666 | $58,347 #3/3 | 4.2%/yr #2/3 | 5.6% #2/3 | 0.556 #3/3 |
| Coconut Creek, FL | 57,412 | $74,009 | 4.0%/yr | 5.1% | 0.537 |
| Pompano Beach, FL | 108,674 | $67,318 | 5.8%/yr | 8.2% | 0.544 |
Conclusion
Considering all these factors, Deerfield 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 Deerfield Beach, Florida.
How Rich Is Deerfield Beach, Florida?
Deerfield 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 $58,347, about 22% lower than the Florida average of $74,580.
Are incomes growing in Deerfield Beach, Florida?
Between 2009 and 2024, the median household income in Deerfield Beach, Florida rose 44%, from $40,566 to $58,347. Over the same years, income here lagged behind Florida as a whole: +44% against +57%.
What was the median household income in Deerfield Beach in 2023?
In 2023, the median household income in Deerfield Beach, Florida was $55,533, up 4% from $53,521 in 2022. The Florida median that year was $71,864.
What was the median household income in Deerfield Beach in 2020?
In 2020, the median household income in Deerfield Beach, Florida was $47,028. By 2024 it had risen 24% to $58,347.
What is the Gini coefficient in Deerfield Beach, Florida?
The Gini coefficient in Deerfield Beach is 0.556. 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 Deerfield Beach, Florida?
The income gap between men and women in Deerfield Beach, Florida has stayed about the same since 2009, at around 14%. Over that period the gap was widest at 14% in 2010, and was narrowest at 5% in 2018. In dollar terms, the gap has widened by $2,168 since 2009.
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