Fort Lauderdale, Florida Income Statistics
Fort Lauderdale 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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B
Fort Lauderdale Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Fort Lauderdale | Florida Avg | US Average |
|---|---|---|---|
| Median Household Income | $83,310 | $74,580 | $80,455 |
| Median Personal Income | $60,205 | $52,322 | $60,758 |
| Average Yearly Income Growth | 6.3% | 5.4% | 4.8% |
| Six-Figure Earners | 18.1% | 11.6% | 13.9% |
| $200k+ Households | 15.4% | 11.0% | 13.2% |
The median household income in Fort Lauderdale is about 12% higher than in Florida. Income has been growing faster in Fort Lauderdale (6.3%/yr) than in Florida (5.4%/yr).
About 18% of adults in Fort Lauderdale 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 Fort Lauderdale, Florida grew by 66.4% from 2009 to 2024, reaching $83,310 in 2024. That's an average of about 6.3% per year.
Income Inequality and the Gender Pay Gap in Fort Lauderdale
| Metric | Fort Lauderdale | Florida Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.548 | 0.551 | 0.552 |
| Male Median Income | $68,097 | $60,595 | $69,667 |
| Female Median Income | $58,648 | $50,762 | $56,850 |
| Gender Pay Gap | 13.9% | 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 Fort Lauderdale, it is 0.548, 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 Fort Lauderdale, Florida. Over a 35-year career, a 16% wage gap accumulates to roughly $330,715 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Fort Lauderdale, Florida has narrowed from about 21% to 14% in 2024. Over that period the gap was widest at 22% in 2011, and was narrowest at 13% in 2016. In dollar terms, the gap has narrowed by $22 since 2009.
Employment
| Metric | Fort Lauderdale | Florida Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.3% | 4.8% | 5.2% |
| Working from Home | 18.4% | 15.7% | 15.0% |
| Commute time (minutes) | 22 | 23 | 22 |
Approximately 5,209 people are unemployed in Fort Lauderdale, Florida.
The average commute time in Fort Lauderdale is 22 minutes, shorter than the 23 minutes in Florida.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Fort Lauderdale, Florida has fallen from 10.8% to 5.3% in 2024. Over that period the rate peaked at 12.8% in 2013.
Conclusion
Considering all these factors, Fort Lauderdale, 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 Fort Lauderdale, Florida.
How Rich Is Fort Lauderdale, Florida?
Fort Lauderdale 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 $83,310, about 12% higher than the Florida average of $74,580.
How has median household income changed in Fort Lauderdale, Florida?
Between 2009 and 2024, the median household income in Fort Lauderdale, Florida rose 66%, from $50,070 to $83,310. Over the same years, income here outpaced Florida as a whole: +66% against +57%.
What was the median household income in Fort Lauderdale in 2023?
In 2023, the median household income in Fort Lauderdale, Florida was $79,919, up 8% from $74,173 in 2022. The Florida median that year was $71,864.
What was the median household income in Fort Lauderdale in 2020?
In 2020, the median household income in Fort Lauderdale, Florida was $62,682. By 2024 it had risen 33% to $83,310.
Is Fort Lauderdale, Florida a high-income area?
Yes. 18% of adults in Fort Lauderdale, Florida earn $100,000 or more a year (about 1 in 6), against 12% (about 1 in 9) in Florida. 15% of households have a combined income of $200,000 or more, compared with 11% in Florida.
What is the Gini coefficient in Fort Lauderdale, Florida?
The Gini coefficient in Fort Lauderdale is 0.548. 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 Fort Lauderdale, Florida?
Since 2009, the income gap between men and women in Fort Lauderdale, Florida has narrowed from about 21% to 14% in 2024. Over that period the gap was widest at 22% in 2011, and was narrowest at 13% in 2016. In dollar terms, the gap has narrowed by $22 since 2009.
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