Pompano Beach, Florida Income Statistics
Pompano 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
Pompano Beach Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Pompano Beach | Florida Avg | US Average |
|---|---|---|---|
| Median Household Income | $67,318 | $74,580 | $80,455 |
| Median Personal Income | $49,690 | $52,322 | $60,758 |
| Average Yearly Income Growth | 5.8% | 5.4% | 4.8% |
| Six-Figure Earners | 9.4% | 11.6% | 13.9% |
| $200k+ Households | 7.3% | 11.0% | 13.2% |
The median household income in Pompano Beach is about 10% lower than in Florida. Income has been growing faster in Pompano Beach (5.8%/yr) than in Florida (5.4%/yr).
About 9% of adults in Pompano 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 Pompano Beach, Florida grew by 56.8% from 2009 to 2024, reaching $67,318 in 2024. That's an average of about 5.8% per year.
Income Inequality and the Gender Pay Gap in Pompano Beach
| Metric | Pompano Beach | Florida Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.544 | 0.551 | 0.552 |
| Male Median Income | $54,341 | $60,595 | $69,667 |
| Female Median Income | $50,152 | $50,762 | $56,850 |
| Gender Pay Gap | 7.7% | 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 Pompano Beach, it is 0.544, 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 8% more than women's income in Pompano Beach, Florida. Over a 35-year career, a 8% wage gap accumulates to roughly $146,615 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Pompano Beach, Florida has narrowed from about 15% to 8% in 2024. Over that period the gap was widest at 20% in 2010, and was narrowest at 4% in 2017. In dollar terms, the gap has narrowed by $1,029 since 2009.
Employment
| Metric | Pompano Beach | Florida Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 8.2% | 4.8% | 5.2% |
| Working from Home | 11.4% | 15.7% | 15.0% |
| Commute time (minutes) | 23 | 23 | 22 |
Approximately 4,723 people are unemployed in Pompano Beach, Florida.
The average commute time in Pompano Beach is 23 minutes, about the same as in Florida.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Pompano Beach, Florida has fallen from 12.7% to 8.2% in 2024. Over that period the rate peaked at 14.2% in 2013 and fell as low as 7.7% in 2019.
Pompano Beach, FL Wealth Compared With Nearby Cities
How Pompano 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. |
|---|---|---|---|---|---|
| Pompano Beach, FL | 108,674 | $67,318 #2/3 | 5.8%/yr #1/3 | 8.2% #3/3 | 0.544 #2/3 |
| Deerfield Beach, FL | 82,666 | $58,347 | 4.2%/yr | 5.6% | 0.556 |
| Coconut Creek, FL | 57,412 | $74,009 | 4.0%/yr | 5.1% | 0.537 |
Conclusion
Considering all these factors, Pompano 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 Pompano Beach, Florida.
How Rich Is Pompano Beach, Florida?
Pompano 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 $67,318, about 10% lower than the Florida average of $74,580.
How has median household income changed in Pompano Beach, Florida?
Between 2009 and 2024, the median household income in Pompano Beach, Florida rose 57%, from $42,945 to $67,318. Over the same years, income here kept pace with Florida as a whole: +57% against +57%.
What was the median household income in Pompano Beach in 2023?
In 2023, the median household income in Pompano Beach, Florida was $64,386, up 5% from $61,298 in 2022. The Florida median that year was $71,864.
What was the median household income in Pompano Beach in 2020?
In 2020, the median household income in Pompano Beach, Florida was $52,898. By 2024 it had risen 27% to $67,318.
Is it hard to find a job in Pompano Beach, Florida?
Unemployment in Pompano Beach, Florida is 8.2%, well above the Florida rate of 4.8%, so job seekers may face more competition than elsewhere.
What is the Gini coefficient in Pompano Beach, Florida?
The Gini coefficient in Pompano Beach is 0.544. 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 Pompano Beach, Florida?
Since 2009, the income gap between men and women in Pompano Beach, Florida has narrowed from about 15% to 8% in 2024. Over that period the gap was widest at 20% in 2010, and was narrowest at 4% in 2017. In dollar terms, the gap has narrowed by $1,029 since 2009.
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