Tamarac, Florida Income Statistics
Tamarac 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.
-
C
Tamarac Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Tamarac | Florida Avg | US Average |
|---|---|---|---|
| Median Household Income | $61,234 | $74,580 | $80,455 |
| Median Personal Income | $50,148 | $52,322 | $60,758 |
| Average Yearly Income Growth | 4.3% | 5.4% | 4.8% |
| Six-Figure Earners | 7.0% | 11.6% | 13.9% |
| $200k+ Households | 5.0% | 11.0% | 13.2% |
The median household income in Tamarac is about 18% lower than in Florida. Income has been growing slower in Tamarac (4.3%/yr) than in Florida (5.4%/yr).
About 7% of adults in Tamarac 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 Tamarac, Florida grew by 49.8% from 2009 to 2024, reaching $61,234 in 2024. That's an average of about 4.3% per year.
Income Inequality and the Gender Pay Gap in Tamarac
| Metric | Tamarac | Florida Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.519 | 0.551 | 0.552 |
| Male Median Income | $53,309 | $60,595 | $69,667 |
| Female Median Income | $52,664 | $50,762 | $56,850 |
| Gender Pay Gap | 1.2% | 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 Tamarac, it is 0.519, 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 1% more than women's income in Tamarac, Florida. Over a 35-year career, a 1% wage gap accumulates to roughly $22,575 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Tamarac, Florida has narrowed from about 3% to 1% in 2024. Over that period the gap was widest at 11% in 2016, and was narrowest at 0% in 2021. In dollar terms, the gap has narrowed by $540 since 2009.
Employment
| Metric | Tamarac | Florida Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.0% | 4.8% | 5.2% |
| Working from Home | 12.4% | 15.7% | 15.0% |
| Commute time (minutes) | 28 | 23 | 22 |
Approximately 1,876 people are unemployed in Tamarac, Florida.
The average commute time in Tamarac is 28 minutes, longer than the 23 minutes in Florida.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Tamarac, Florida has fallen from 11.9% to 5.0% in 2024.
Tamarac, FL Wealth Compared With Nearby Cities
Tamarac, FL is the 3rd largest of the 6 cities compared here, 71,922 residents against a local median of 58,812. The measure that sets Tamarac, FL apart most is unemployment: 5.0%, 19% below the local median of 6.2%. That is the better end of the local range on this measure.
The cities themselves spread 4.4% on unemployment, so Tamarac, FL sits at one end of an already wide local range rather than apart from it. Tamarac, FL has the 3rd lowest unemployment of the 6 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. |
|---|---|---|---|---|---|
| Tamarac, FL | 71,922 | $61,234 #4/6 | 4.3%/yr #4/6 | 5.0% #3/6 | 0.519 #2/6 |
| North Lauderdale, FL | 43,820 | $68,117 | 6.2%/yr | 6.2% | 0.499 |
| Lauderhill, FL | 73,979 | $50,949 | 3.8%/yr | 8.5% | 0.533 |
| Margate, FL | 58,812 | $63,661 | 4.7%/yr | 4.2% | 0.526 |
| Lauderdale Lakes, FL | 35,781 | $50,621 | 4.7%/yr | 8.5% | 0.541 |
| Coral Springs, FL | 133,960 | $93,880 | 4.0%/yr | 4.9% | 0.550 |
Conclusion
Considering all these factors, Tamarac, Florida has an overall wealth index grade of C, making it somewhat better than Florida, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Tamarac, Florida.
How Rich Is Tamarac, Florida?
Tamarac has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $61,234, about 18% lower than the Florida average of $74,580.
Are incomes growing in Tamarac, Florida?
Between 2009 and 2024, the median household income in Tamarac, Florida rose 50%, from $40,869 to $61,234. Over the same years, income here lagged behind Florida as a whole: +50% against +57%.
What was the median household income in Tamarac in 2023?
In 2023, the median household income in Tamarac, Florida was $58,172, about the same as in 2022. The Florida median that year was $71,864.
What was the median household income in Tamarac in 2020?
In 2020, the median household income in Tamarac, Florida was $50,752. By 2024 it had risen 21% to $61,234.
What is the Gini coefficient in Tamarac, Florida?
The Gini coefficient in Tamarac is 0.519. 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 Tamarac, Florida?
Since 2009, the income gap between men and women in Tamarac, Florida has narrowed from about 3% to 1% in 2024. Over that period the gap was widest at 11% in 2016, and was narrowest at 0% in 2021. In dollar terms, the gap has narrowed by $540 since 2009.
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