Pompano Beach, FL Economy


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Pompano Beach, FL is a thriving city located in Broward County. It is home to many businesses which range from small mom and pop shops to large corporations. Some notable companies include the Pompano Beach Arts & Historical Center, which offers a variety of art exhibits and educational programs, and the Oceanview Hospital, which provides top notch medical services. There are also many retail stores such as Walmart and Target, as well as restaurants including Outback Steakhouse and Bonefish Grill. Additionally, there are several financial institutions like Wells Fargo Bank and SunTrust Bank that provide banking services for local residents. The city is also home to a number of tech companies such as Pompano Computing Solutions and CyberTech Technologies. With its diverse economy, Pompano Beach is an ideal place to call home or visit for business or leisure activities.

Pompano Beach has an unemployment rate of 6.2%. The US average is 6.0%.

Pompano Beach has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 40.4%, which is higher than the US average of 33.5%.

Tax Rates for Pompano Beach
- The Sales Tax Rate for Pompano Beach is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Pompano Beach 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 Pompano Beach
- The average income of a Pompano Beach resident is $24,829 a year. The US average is $28,555 a year.
- The Median household income of a Pompano Beach resident is $56,109 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyPompano Beach, FloridaUnited States
  6.26
  -7.7%-6.2%
  40.4%33.5%
  7.0%6.2%
  0.0%4.6%
  $32,880$37,638
  $56,109$69,021
  $63,839$85,028
  Population by Occupation
  0.2%1.2%
  0.0%0.5%
  12.2%6.8%
  6.2%10.0%
  3.2%2.5%
  12.3%11.0%
  4.8%4.8%
  0.3%0.8%
  2.0%1.9%
  4.1%4.7%
  2.6%1.9%
  8.0%7.6%
  0.2%0.1%
  8.4%4.2%
  4.8%9.3%
  10.2%14.0%
  2.4%2.1%
  8.9%7.0%
  6.0%4.8%
  3.3%4.7%
Reviews for Pompano Beach
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Over 12 years ago

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Over 14 years ago

Everything in South East Florida is expensive so it's no wonder the cost of living is much higher here. You would think with the rising unemployment rate and the  More

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Over 14 years ago

Great climate. not great for families. schools  More

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