Parkland, Florida Income Statistics
Parkland 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.
-
A+
Parkland Top grade
Source: Map AI Methodology
Income Statistics Overview
| Metric | Parkland | Florida Avg | US Average |
|---|---|---|---|
| Median Household Income | $188,370 | $74,580 | $80,455 |
| Median Personal Income | $100,114 | $52,322 | $60,758 |
| Average Yearly Income Growth | 4.9% | 5.4% | 4.8% |
| Six-Figure Earners | 29.4% | 11.6% | 13.9% |
| $200k+ Households | 47.0% | 11.0% | 13.2% |
The median household income in Parkland is about 153% higher than in Florida. Income has been growing slower in Parkland (4.9%/yr) than in Florida (5.4%/yr).
About 29% of adults in Parkland 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 Parkland, Florida grew by 73.4% from 2009 to 2024, reaching $188,370 in 2024. That's an average of about 4.9% per year.
Income Inequality and the Gender Pay Gap in Parkland
| Metric | Parkland | Florida Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.543 | 0.551 | 0.552 |
| Male Median Income | $108,847 | $60,595 | $69,667 |
| Female Median Income | $80,103 | $50,762 | $56,850 |
| Gender Pay Gap | 26.4% | 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 Parkland, it is 0.543, 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 36% more than women's income in Parkland, Florida. Over a 35-year career, a 36% wage gap accumulates to roughly $1,006,040 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Parkland, Florida has narrowed from about 43% to 26% in 2024. Over that period the gap was widest at 50% in 2012, and was narrowest at 22% in 2022. In dollar terms, the gap has narrowed by $9,350 since 2009.
Employment
| Metric | Parkland | Florida Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.9% | 4.8% | 5.2% |
| Working from Home | 28.2% | 15.7% | 15.0% |
| Commute time (minutes) | 30 | 23 | 22 |
Approximately 721 people are unemployed in Parkland, Florida.
The average commute time in Parkland is 30 minutes, longer than the 23 minutes in Florida.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Parkland, Florida has fallen from 5.4% to 3.9% in 2024. Over that period the rate peaked at 7.2% in 2014 and fell as low as 3.7% in 2019.
Parkland, FL Wealth Compared With Nearby Cities
Parkland, FL is the smallest of the 4 cities compared here, 36,099 residents against a local median of 58,812. Where Parkland, FL breaks from the cities next to it is median household income, sitting 155% above the local median of $74,009 at $188,370. That is the better end of the local range on this measure.
Income growth tells the same story from another angle: 4.9%/yr against a local median of 4.0%/yr, 21% above it. Every measure here with a clear better direction points the same way, so Parkland, FL is not trading one advantage for another, it reads stronger than its neighbours across the board. The cities themselves sit within $30,218 of each other on median household income, a tighter band than the gap between any of them and Parkland, FL, which makes it a genuine outlier here rather than one end of a wide local spread. Parkland, FL has the highest median household income of the 4 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. |
|---|---|---|---|---|---|
| Parkland, FL | 36,099 | $188,370 #1/4 | 4.9%/yr #1/4 | 3.9% #1/4 | 0.543 #3/4 |
| Coral Springs, FL | 133,960 | $93,880 | 4.0%/yr | 4.9% | 0.550 |
| Coconut Creek, FL | 57,412 | $74,009 | 4.0%/yr | 5.1% | 0.537 |
| Margate, FL | 58,812 | $63,661 | 4.7%/yr | 4.2% | 0.526 |
Conclusion
Considering all these factors, Parkland, Florida has an overall wealth index grade of A+, making it far better than Florida, and far better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Parkland, Florida.
How Rich Is Parkland, Florida?
Parkland has a wealth index grade of A+. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; an A+ grade means it is one of the most prosperous areas in the country. The median household income is $188,370, about 153% higher than the Florida average of $74,580.
How fast is household income rising in Parkland, Florida?
Between 2009 and 2024, the median household income in Parkland, Florida rose 73%, from $108,649 to $188,370. Over the same years, income here outpaced Florida as a whole: +73% against +57%.
What was the median household income in Parkland in 2023?
In 2023, the median household income in Parkland, Florida was $192,367, up 7% from $179,759 in 2022. The Florida median that year was $71,864.
What was the median household income in Parkland in 2020?
In 2020, the median household income in Parkland, Florida was $153,249. By 2024 it had risen 23% to $188,370.
Do many residents of Parkland, Florida earn over $100,000?
Yes. 29% of adults in Parkland, Florida earn $100,000 or more a year (about 1 in 3), against 12% (about 1 in 9) in Florida. 47% of households have a combined income of $200,000 or more, compared with 11% in Florida.
What is the Gini coefficient in Parkland, Florida?
The Gini coefficient in Parkland is 0.543. 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 Parkland, Florida?
Since 2009, the income gap between men and women in Parkland, Florida has narrowed from about 43% to 26% in 2024. Over that period the gap was widest at 50% in 2012, and was narrowest at 22% in 2022. In dollar terms, the gap has narrowed by $9,350 since 2009.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →