Boca Raton, Florida, is a great place to live and work. With an average 2 Bedroom rent of $2,310, it is slightly higher than the US average of $1,430. The Grocery Cost Index in Boca Raton is 114 versus 100 in the US which may be expected due to its location in Florida. Local companies include Office Depot, Modernizing Medicine and Tyco Integrated Security who provide services such as office supplies, healthcare IT solutions and security systems respectively. Other businesses in the area focus on tourism or hospitality such as local resorts and restaurants. There are also several tech start-ups that have been established with their headquarters located in Boca Raton.
Boca Raton (zip 33432) has an unemployment rate of 3.9%. The US average is 6.0%.
Boca Raton (zip 33432) 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 33432)
- The Sales Tax Rate for Boca Raton (zip 33432) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Boca Raton (zip 33432) 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 33432)
- The average income of a Boca Raton (zip 33432) resident is $56,629 a year. The US average is $28,555 a year.
- The Median household income of a Boca Raton (zip 33432) resident is $81,566 a year. The US average is $69,021 a year.