Lauderdale Lakes, Florida Income Statistics
Lauderdale Lakes 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
Lauderdale Lakes Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Lauderdale Lakes | Florida Avg | US Average |
|---|---|---|---|
| Median Household Income | $50,621 | $74,580 | $80,455 |
| Median Personal Income | $36,068 | $52,322 | $60,758 |
| Average Yearly Income Growth | 4.7% | 5.4% | 4.8% |
| Six-Figure Earners | 4.4% | 11.6% | 13.9% |
| $200k+ Households | 2.7% | 11.0% | 13.2% |
The median household income in Lauderdale Lakes is about 32% lower than in Florida. Income has been growing slower in Lauderdale Lakes (4.7%/yr) than in Florida (5.4%/yr).
About 4% of adults in Lauderdale Lakes 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 Lauderdale Lakes, Florida grew by 41.7% from 2009 to 2024, reaching $50,621 in 2024. That's an average of about 4.7% per year.
Income Inequality and the Gender Pay Gap in Lauderdale Lakes
| Metric | Lauderdale Lakes | Florida Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.541 | 0.551 | 0.552 |
| Male Median Income | $42,877 | $60,595 | $69,667 |
| Female Median Income | $35,548 | $50,762 | $56,850 |
| Gender Pay Gap | 17.1% | 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 Lauderdale Lakes, 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.
Men's income is about 21% more than women's income in Lauderdale Lakes, Florida. Over a 35-year career, a 21% wage gap accumulates to roughly $256,515 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Lauderdale Lakes, Florida has widened from about 1% to 17% in 2024. Over that period the gap was widest at 19% in 2012. In dollar terms, the gap has widened by $6,882 since 2009.
Sharply against the trend: the pay gap in Lauderdale Lakes widened by 15.7 points while Florida's narrowed by 2.5 points.
Employment
| Metric | Lauderdale Lakes | Florida Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 8.5% | 4.8% | 5.2% |
| Working from Home | 4.7% | 15.7% | 15.0% |
| Commute time (minutes) | 25 | 23 | 22 |
Approximately 1,533 people are unemployed in Lauderdale Lakes, Florida.
The average commute time in Lauderdale Lakes is 25 minutes, longer than the 23 minutes in Florida.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Lauderdale Lakes, Florida has fallen from 15.7% to 8.5% in 2024. Over that period the rate peaked at 19.9% in 2013 and fell as low as 7.0% in 2020.
Lauderdale Lakes, FL Wealth Compared With Nearby Cities
How Lauderdale Lakes, 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. |
|---|---|---|---|---|---|
| Lauderdale Lakes, FL | 35,781 | $50,621 #3/3 | 4.7%/yr #2/3 | 8.5% #3/3 | 0.541 #3/3 |
| Lauderhill, FL | 73,979 | $50,949 | 3.8%/yr | 8.5% | 0.533 |
| North Lauderdale, FL | 43,820 | $68,117 | 6.2%/yr | 6.2% | 0.499 |
Conclusion
Considering all these factors, Lauderdale Lakes, Florida has an overall wealth index grade of D, making it somewhat worse than Florida, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Lauderdale Lakes, Florida.
How Rich Is Lauderdale Lakes, Florida?
Lauderdale Lakes 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 $50,621, about 32% lower than the Florida average of $74,580.
How fast is household income rising in Lauderdale Lakes, Florida?
Between 2009 and 2024, the median household income in Lauderdale Lakes, Florida rose 42%, from $35,727 to $50,621. Over the same years, income here lagged behind Florida as a whole: +42% against +57%.
What was the median household income in Lauderdale Lakes in 2023?
In 2023, the median household income in Lauderdale Lakes, Florida was $45,271, up 7% from $42,144 in 2022. The Florida median that year was $71,864.
What was the median household income in Lauderdale Lakes in 2020?
In 2020, the median household income in Lauderdale Lakes, Florida was $37,400. By 2024 it had risen 35% to $50,621.
Is it hard to find a job in Lauderdale Lakes, Florida?
Unemployment in Lauderdale Lakes, Florida is 8.5%, well above the Florida rate of 4.8%, so job seekers may face more competition than elsewhere.
What is the Gini coefficient in Lauderdale Lakes, Florida?
The Gini coefficient in Lauderdale Lakes 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 Lauderdale Lakes, Florida?
Since 2009, the income gap between men and women in Lauderdale Lakes, Florida has widened from about 1% to 17% in 2024. Over that period the gap was widest at 19% in 2012. In dollar terms, the gap has widened by $6,882 since 2009.
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