Economy in Fort Lauderdale, Florida

Fort Lauderdale's economy is largely based on its healthcare sector with multiple hospitals and health-focused companies having been established within the area thus providing excellent job opportunities for locals; also efforts being made towards expanding traditional processes coupled with generous tax breaks granted by local governments offering incentives towards investing in renewable energy technologies has served as additional benefits over time. In addition, subsidies offered by local governments incentivizing innovation have been beneficial for continued prosperity over time.

Fort Lauderdale has an unemployment rate of 6.1%. The US average is 6.0%.

Fort Lauderdale 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 37.9%, which is higher than the US average of 33.5%.

Tax Rates for Fort Lauderdale
- The Sales Tax Rate for Fort Lauderdale is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Fort Lauderdale 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 Fort Lauderdale
- The average income of a Fort Lauderdale resident is $36,405 a year. The US average is $28,555 a year.
- The Median household income of a Fort Lauderdale resident is $48,898 a year. The US average is $53,482 a year.