Boca Raton, FL is a vibrant city with plenty of attractions for visitors and locals alike. Home to the headquarters of large companies such as Office Depot and Modernizing Medicine, it is an attractive location for many businesses. It offers a variety of activities including shopping at Town Center Mall, relaxing on one of the many beaches, or visiting the Gumbo Limbo Nature Center. The cost of living in Boca Raton is slightly higher than the US average, with 2 bedroom rent costing around $2,330 compared to $1,430 nationally. Additionally, groceries cost slightly more here with an index of 110 versus 100 in the US.
Boca Raton has an unemployment rate of 3.9%. The US average is 6.0%.
Boca Raton has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 43.8%, which is higher than the US average of 33.5%.
Tax Rates for Boca Raton
- The Sales Tax Rate for Boca Raton is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Boca Raton is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Boca Raton
- The average income of a Boca Raton resident is $48,918 a year. The US average is $28,555 a year.
- The Median household income of a Boca Raton resident is $89,776 a year. The US average is $69,021 a year.