Lake Worth Beach, Florida Income Statistics
Lake Worth 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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D
Lake Worth Beach Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Lake Worth Beach | Florida Avg | US Average |
|---|---|---|---|
| Median Household Income | $62,294 | $74,580 | $80,455 |
| Median Personal Income | $40,955 | $52,322 | $60,758 |
| Average Yearly Income Growth | 6.9% | 5.4% | 4.8% |
| Six-Figure Earners | 6.2% | 11.6% | 13.9% |
| $200k+ Households | 6.3% | 11.0% | 13.2% |
The median household income in Lake Worth Beach is about 16% lower than in Florida. Income has been growing faster in Lake Worth Beach (6.9%/yr) than in Florida (5.4%/yr).
About 6% of adults in Lake Worth 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 Lake Worth Beach, Florida grew by 62.8% from 2009 to 2024, reaching $62,294 in 2024. That's an average of about 6.9% per year.
Lake Worth Beach has stayed well below the U.S. median household income in every year from 2009 to 2024 and has never reached it. It came closest in 2023, at 21% lower. The gap has narrowed from 25% in 2009 to 23% in 2024.
Income Distribution in Lake Worth Beach
How incomes are spread across brackets, compared with the U.S. Pick a range to count who falls in it.
Households by income, 2024
Income range calculator
About 3,852 households (25.6% of all households) have an income of $100,000 or more.
Across the U.S.: 40.2% of all households.
In 2024, 28.1% of households in Lake Worth Beach had an income under $35,000 and 13.5% had $150,000 or more. Across the U.S., those shares were 21.6% and 22.8%.
Compared with the U.S., Lake Worth Beach has a larger share of households earning $25,000 to $34,999 (12.4% vs 6.7%) and a smaller share earning $200,000 or more (6.3% vs 13.2%).
| Household income | Households | Share | U.S. share |
|---|---|---|---|
| Under $10,000 | 655 | 4.3% | 5.1% |
| $10,000 to $14,999 | 437 | 2.9% | 3.5% |
| $15,000 to $24,999 | 1,278 | 8.5% | 6.4% |
| $25,000 to $34,999 | 1,864 | 12.4% | 6.7% |
| $35,000 to $49,999 | 1,943 | 12.9% | 10.1% |
| $50,000 to $74,999 | 2,990 | 19.9% | 15.5% |
| $75,000 to $99,999 | 2,039 | 13.5% | 12.6% |
| $100,000 to $149,999 | 1,821 | 12.1% | 17.4% |
| $150,000 to $199,999 | 1,087 | 7.2% | 9.5% |
| $200,000 or more | 944 | 6.3% | 13.2% |
Shares are of all 15,058 households, one per occupied home whatever its size. Households with zero or negative income are counted in the lowest bracket. Source: ACS 5-year estimates ending 2024 (table B19001).
Residents 15+ by personal income, 2024
Income range calculator
About 2,121 residents (6.2% of residents aged 15 and over) have a personal income of $100,000 or more.
Across the U.S.: 13.9% of residents aged 15 and over.
That is 7.3% of residents who have any income.
In 2024, 15.7% of Lake Worth Beach residents aged 15 and over reported no personal income, 32.6% had some income but less than $25,000, and 11.3% had $75,000 or more. Across the U.S., those shares were 12.8%, 28.7% and 22.0%.
Compared with the U.S., Lake Worth Beach has a larger share of residents earning $25,000 to $34,999 (14.6% vs 9.5%) and a smaller share earning $100,000 or more (6.2% vs 13.9%).
| Personal income | Residents | Share | U.S. share |
|---|---|---|---|
| No income | 5,410 | 15.7% | 12.8% |
| $1 to $9,999 | 3,575 | 10.4% | 11.2% |
| $10,000 to $14,999 | 2,471 | 7.2% | 7.0% |
| $15,000 to $24,999 | 5,165 | 15.0% | 10.5% |
| $25,000 to $34,999 | 5,022 | 14.6% | 9.5% |
| $35,000 to $49,999 | 5,058 | 14.7% | 12.6% |
| $50,000 to $74,999 | 3,808 | 11.1% | 14.3% |
| $75,000 to $99,999 | 1,777 | 5.2% | 8.2% |
| $100,000 or more | 2,121 | 6.2% | 13.9% |
Shares are of the 34,406 residents aged 15 and over, the only people the Census Bureau asks about income, and include those who reported none. A share of the whole population would count children as people without income, while a share of earners alone would hide the 15.7% with no income; the calculator adds that second share whenever your range leaves out people with no income. Source: ACS 5-year estimates ending 2024 (table B19325).
Income Inequality and the Gender Pay Gap in Lake Worth Beach
| Metric | Lake Worth Beach | Florida Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.541 | 0.551 | 0.552 |
| Male Median Income | $40,726 | $60,595 | $69,667 |
| Female Median Income | $46,952 | $50,762 | $56,850 |
| Gender Pay Gap | -15.3% | 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 Lake Worth Beach, it is 0.541, 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.
Women's income is about 15% more than men's income in Lake Worth Beach, Florida. Over a 35-year career, a 15% wage gap accumulates to roughly $217,910 in unearned income for male workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Lake Worth Beach, Florida has widened from about 3% to -15% in 2024. Over that period the gap in 2014 women out-earned men by 29%. In dollar terms, the gap has narrowed by $7,057 since 2009.
Employment
| Metric | Lake Worth Beach | Florida Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.0% | 4.8% | 5.2% |
| Working from Home | 8.7% | 15.7% | 15.0% |
| Commute time (minutes) | 25 | 23 | 22 |
Approximately 1,355 people are unemployed in Lake Worth Beach, Florida.
The average commute time in Lake Worth Beach is 25 minutes, longer than the 23 minutes in Florida.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Lake Worth Beach, Florida has fallen from 16.7% to 6.0% in 2024. Over that period the rate peaked at 19.1% in 2013 and fell as low as 5.2% in 2022.
Lake Worth Beach has been above the U.S. unemployment rate in most years since 2011, but briefly dipped below it in 2022 (0.2 points lower). In 2024 its rate was 0.7 points higher.
Lake Worth Beach, FL Wealth Compared With Nearby Cities
How Lake Worth Beach, FL compares with the 1 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. |
|---|---|---|---|---|---|
| Lake Worth Beach, FL | 43,319 | $62,294 #2/2 | 6.9%/yr #2/2 | 6.0% #1/2 | 0.541 #2/2 |
| Palm Springs, FL | 30,360 | $68,896 | 8.4%/yr | 6.6% | 0.535 |
Conclusion
Considering all these factors, Lake Worth Beach, Florida has an overall wealth index grade of D, making it about on par with Florida, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Lake Worth Beach, Florida.
How Rich Is Lake Worth Beach, Florida?
Lake Worth Beach has a wealth index grade of D. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a D grade means residents are somewhat worse off than the U.S. average. The median household income is $62,294, about 16% lower than the Florida average of $74,580.
How fast is household income rising in Lake Worth Beach, Florida?
Between 2009 and 2024, the median household income in Lake Worth Beach, Florida rose 63%, from $38,266 to $62,294. Over the same years, income here outpaced Florida as a whole: +63% against +57%.
What was the median household income in Lake Worth Beach in 2023?
In 2023, the median household income in Lake Worth Beach, Florida was $61,407, up 6% from $58,059 in 2022. The Florida median that year was $71,864.
What was the median household income in Lake Worth Beach in 2020?
In 2020, the median household income in Lake Worth Beach, Florida was $42,854. By 2024 it had risen 45% to $62,294.
What is the Gini coefficient in Lake Worth Beach, Florida?
The Gini coefficient in Lake Worth Beach is 0.541. 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 Lake Worth Beach, Florida?
Since 2009, the income gap between men and women in Lake Worth Beach, Florida has widened from about 3% to -15% in 2024. Over that period the gap in 2014 women out-earned men by 29%. In dollar terms, the gap has narrowed by $7,057 since 2009.
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