What is the median household income in Boca Raton, FL?
The median household income in Boca Raton, FL is $106,273 (±$6,300) a year (2020–2024 American Community Survey).
Paying the median gross rent of $2,508 a month would take about $100,300 a year at the common guideline of spending no more than 30% of income on rent.
In Boca Raton, the median household income went from $83,114 in 2015–2019 to $106,273 in 2020–2024 (+27.9%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median household income
- $106,273 (±$6,300)
- Median renter income
- $71,818 (±$9,584)
- Income to afford median rent
- about $100,300
Income in Boca Raton against Palm Beach County, its state and the nation
| Boca Raton | Palm Beach County | Florida | United States | |
|---|---|---|---|---|
| Median household income | $106,273 (±$6,300) | $83,581 (±$1,022) | $74,568 (±$284) | $80,734 |
| Median renter household income | $71,818 (±$9,584) | $60,689 (±$1,327) | $53,617 (±$353) | $52,966 |
| Median owner household income | $132,662 (±$7,779) | $97,651 (±$1,709) | $88,144 (±$469) | $100,009 |
| Median gross rent | $2,508 (±$116) | $1,916 (±$19) | $1,669 (±$5) | $1,413 |
In Boca Raton, median household income is higher than in Palm Beach County ($83,581).
It is also higher than in Florida ($74,568).
It is higher than the national figure ($80,734).
In Palm Beach County, Boca Raton ranks 19 of 53 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 125 of 846.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How much you need to earn to rent in Boca Raton
Many landlords and housing programs use 30% of gross income as the most a household should spend on rent.
At that guideline, the median gross rent of $2,508 a month ($30,096 a year) needs an income of about $100,300 a year.
The median renting household in Boca Raton earns $71,818 a year, less than that.
This is arithmetic on the published medians, not a rule any landlord must follow; screening criteria vary and some places limit how income may be weighed.
Income against housing costs since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median household income | $83,114 (±$3,720) | $106,273 (±$6,300) | +27.9% | No measurable change after inflation |
| Median gross rent | $1,760 (±$42) | $2,508 (±$116) | +42.5% | Up after inflation |
| Median home value | $458,600 (±$12,712) | $722,700 (±$23,292) | +57.6% | Up after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median household income in places near Boca Raton
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Boca Raton | — | $106,273 (±$6,300) | — |
| Highland Beach | 3.6 mi | $145,485 (±$15,308) | Higher |
| Deerfield Beach | 4.4 mi | $59,730 (±$3,347) | Lower |
| Delray Beach | 5.8 mi | $82,041 (±$5,459) | Lower |
| Lighthouse Point | 6.6 mi | $92,135 (±$10,447) | Lower |
| Hillsboro Beach | 6.7 mi | $94,432 (±$28,213) | Not measurably different |
| Watergate | 7.2 mi | $67,071 (±$17,438) | Lower |
| Coconut Creek | 8.1 mi | $75,014 (±$4,945) | Lower |
| Gulf Stream | 8.3 mi | $226,563 (±$54,770) | Higher |
Nearby places with a measurably lower figure: Deerfield Beach, FL ($59,730), Delray Beach, FL ($82,041), Lighthouse Point, FL ($92,135).
Nearby places with a measurably higher figure: Highland Beach, FL ($145,485), Gulf Stream, FL ($226,563).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Palm Beach County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 13 | Atlantis | $116,715 (±$15,424) |
| 14 | Wellington | $115,632 (±$8,506) |
| 15 | Loxahatchee Groves | $111,699 (±$30,194) |
| 16 | Jupiter | $110,240 (±$6,103) |
| 17 | The Acreage | $109,032 (±$8,202) |
| 18 | Palm Beach Gardens | $106,947 (±$5,750) |
| 19 | Boca Raton | $106,273 (±$6,300) |
| 20 | Tequesta | $98,271 (±$21,498) |
| 21 | Royal Palm Beach | $96,027 (±$4,284) |
| 22 | South Palm Beach | $91,750 (±$40,946) |
| 23 | Limestone Creek | $90,910 (±$25,993) |
| 24 | North Palm Beach | $90,049 (±$10,726) |
| 25 | Cabana Colony | $89,875 (±$31,874) |
Showing 13 of 53 places in Palm Beach County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Boca Raton
What is the median household income in Boca Raton?
The median household income in Boca Raton is $106,273 (±$6,300) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Boca Raton?
About $100,300 a year, if rent is to stay at or below 30% of income at the median gross rent of $2,508 a month.
Have incomes in Boca Raton kept up with inflation?
In Boca Raton, the median household income went from $83,114 in 2015–2019 to $106,273 in 2020–2024 (+27.9%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
What do renters earn in Boca Raton?
The median renting household in Boca Raton, FL earns $71,818 (±$9,584) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Boca Raton city, Florida
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Boca Raton city, Florida
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Boca Raton city, Florida
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Boca Raton city, Florida
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Boca Raton city, Florida
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Boca Raton city, Florida
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Boca Raton city, Florida (place:07300, in state:12).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B19013_001E, B19013_001M, B25064_001E, B25064_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP03_0062E, DP03_0062M, B25119_003E, B25119_003M, B25119_002E, B25119_002M, DP04_0134E, DP04_0134M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
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- Renters and owners in Boca Raton
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- Homeowner costs in Boca Raton
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- Crime reported to police in Boca Raton
- Population growth in Boca Raton
- How long people stay in Boca Raton
- Crowding and facilities in Boca Raton
- Fair Market Rent in Boca Raton
- Florida landlord and tenant rules
- Housing across Palm Beach County
- Florida places ranked by median household income
- Housing data for every place in Florida