Boca Raton, Florida (33487) is an affluent city located in Palm Beach County with a population of 88,867 as of 2019. The average rent for a two bedroom apartment here is $2,540 per month, which is significantly higher than the national average of $1,430. In addition to expensive rent costs, the Grocery Cost Index in Boca Raton is 111 compared to 100 in the US. This means that groceries are 11% more expensive here than elsewhere in the country. Local companies based in Boca Raton include Office Depot, AutoNation Inc., Cancer Treatment Centers of America and Modernizing Medicine.
Boca Raton (zip 33487) has an unemployment rate of 3.9%. The US average is 6.0%.
Boca Raton (zip 33487) 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 (zip 33487)
- The Sales Tax Rate for Boca Raton (zip 33487) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Boca Raton (zip 33487) 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 (zip 33487)
- The average income of a Boca Raton (zip 33487) resident is $52,746 a year. The US average is $28,555 a year.
- The Median household income of a Boca Raton (zip 33487) resident is $80,034 a year. The US average is $69,021 a year.