Promote Business Diversity
Palm Beach County boasts a remarkable quality of life, attracting a wealth of skilled individuals. With no personal income tax, Floridians enjoy some of the highest income levels in the United States, after factoring in state and local taxes.
The industries that cluster within a particular area provide valuable insights into job opportunities, salary ranges, required skill levels, and the educational institutions that support them. These factors contribute to understanding the dynamics of employment.
To foster workforce development, it’s important to collaborate with business and community partners to ensure a reliable and highly skilled workforce is available to our employers. The Business Development Board works closely with the local workforce board, CareerSource Palm Beach County, and the Palm Beach County Education Commission to facilitate successful job preparation within Palm Beach County.
Here we Grow.
In one year, we added:
- 15,958 to labor force
- 12,006 occupied housing units
- Median family income increased by $10,379
- Average wage increased from $71,304 in 2022 to $74,801 in 2023
Population Projections
Economic
$0
$0
$0
Population
0
0
Housing
(2022 ACS)
Total housing units 720,792
Occupied housing units 607,453
Vacant housing units 113,339
Homeowner vacancy rate 1.1
Rental vacancy rate 7.2
Average household size 2.45
Labor Force
(2023 Annual Avg.)
Labor Force 778,964
Employment 755,532
Unemployment 23,432
Rate 3.0%
Note: All statistics provided are 2023 estimates and averages, unless otherwise specified.
Sources: Florida Commerce, US Census Bureau American Community Survey 2022, Florida Demographic Estimating Conference February 2023, Federal Deposit Insurance Corporation Summary of Deposits June 2023, Discover The Palm Beaches
Helpful Resources
Career Source Florida
Bureau of Labor Statistics
CareerSource Palm Beach County
QUARTERLY PALM BEACH COUNTY BUSINESS MAGAZINE
Palm Beach County Business magazine is recognized as the quarterly business portrait showcasing local influencers and news in the County.
QUARTERLY PALM BEACH COUNTY BUSINESS MAGAZINE
Palm Beach County Business magazine is recognized as the quarterly business portrait showcasing local influencers and news in the County.
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