Broward County, FL Economy


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Broward, FL County is a great place to live with an abundance of opportunities. Major companies such as AutoNation, Carnival Cruise Lines and Ultimate Software are based here and provide residents with a wealth of employment options. The cost of living in Broward is higher than the national average, due to the 2 bedroom rent being $1,850 compared to the US average of $1,430. Furthermore, the Grocery Cost Index is 107 versus 100 across the US. In conclusion, Broward is an ideal location for anyone looking for job opportunities and exciting city life at an increased price tag.

Broward County has an unemployment rate of 5.3%. The US average is 6.0%.

Broward County 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 39.5%, which is higher than the US average of 33.5%.

Tax Rates for Broward County
- The Sales Tax Rate for Broward County is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Broward County 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 Broward County
- The average income of a Broward County resident is $28,329 a year. The US average is $28,555 a year.
- The Median household income of a Broward County resident is $64,522 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyBroward, FloridaUnited States
  5.36
  -7.7%-6.2%
  39.5%33.5%
  7.0%6.2%
  0.0%4.6%
  $36,451$37,638
  $64,522$69,021
  $77,610$85,028
  Population by Occupation
  0.2%1.2%
  0.0%0.5%
  7.3%6.8%
  4.8%10.0%
  3.2%2.5%
  12.3%11.0%
  6.1%4.8%
  0.5%0.8%
  2.2%1.9%
  4.6%4.7%
  2.9%1.9%
  8.3%7.6%
  0.1%0.1%
  6.5%4.2%
  7.4%9.3%
  13.5%14.0%
  2.6%2.1%
  7.6%7.0%
  5.3%4.8%
  4.3%4.7%
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