What is the Average Income in Pembroke Pines?
Pembroke Pines is a thriving city located in Broward County, Florida. As a popular suburb of Miami, many people are curious about the economic landscape and average income levels in Pembroke Pines. Whether you're considering relocating to the area or are simply interested in the financial health of the city, understanding the average income can provide valuable insights.
Median Household Income in Pembroke Pines
According to the latest data from the U.S. Census Bureau, the median household income in Pembroke Pines is $69,702. This figure represents the middle point of the income distribution, meaning half of the households in Pembroke Pines earn more than this amount, while the other half earns less.
Compared to the median household income for the entire state of Florida, which stands at $55,660, Pembroke Pines residents enjoy a higher average income. This suggests that the city offers a relatively strong economic environment and opportunities for its residents.
Pembroke Pines Per Capita Income
Another important metric to consider is the per capita income, which measures the average income earned per person in Pembroke Pines. The most recent data shows that the per capita income in the city is $31,067. This figure takes into account all individuals aged 15 and older, including those who are not actively participating in the labor force.
Pembroke Pines Income Distribution
To gain a more comprehensive understanding of the income landscape in Pembroke Pines, let's take a look at the income distribution across different brackets. According to the U.S. Census Bureau, the income distribution in Pembroke Pines is as follows:
Less than $10,000: 4.5%
$10,000 to $14,999: 3.1%
$15,000 to $24,999: 8.1%
$25,000 to $34,999: 8.8%
$35,000 to $49,999: 13.1%
$50,000 to $74,999: 19.2%
$75,000 to $99,999: 15.2%
$100,000 to $149,999: 17.4%
$150,000 to $199,999: 6.2%
$200,000 or more: 4.4%
This data reveals that a significant portion of Pembroke Pines residents fall within the middle-income ranges, with the majority earning between $50,000 and $149,999 annually.
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Factors Influencing Income Levels
Several factors contribute to the average income levels in Pembroke Pines. The city's proximity to Miami and its diverse economy play significant roles in shaping the financial landscape. Pembroke Pines is home to a mix of industries, including healthcare, education, retail, and professional services.
The presence of major employers, such as Memorial Hospital West and the City of Pembroke Pines, helps to create job opportunities and support the local economy. Additionally, the city's well-regarded school system and attractive amenities make it a desirable place to live for families and professionals alike.
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Cost of Living Considerations
When evaluating the average income in Pembroke Pines, it's essential to consider the cost of living in the area. While the city's median household income is higher than the state average, it's important to factor in expenses such as housing, transportation, groceries, and healthcare.
According to data from Sperling's Best Places, the cost of living index in Pembroke Pines is 117.5, which is higher than the national average of 100. Housing costs, in particular, are a significant factor, with the median home value in Pembroke Pines being $305,900.
Despite the higher cost of living, many residents find that the quality of life, job opportunities, and amenities in Pembroke Pines make it a worthwhile place to call home. And with cleaning costs that are competitive and affordable, maintaining a clean and comfortable living space is easier than ever.
What Is The Average Salary in Pembroke Pines, FL?
The average income in Pembroke Pines, Florida, paints a picture of a thriving and economically stable city. With a median household salary of $69,702 and a per capita income of $31,067, residents of Pembroke Pines enjoy a higher average income compared to the state as a whole.
However, it's crucial to consider the cost of living and individual circumstances when assessing the financial landscape of the city. By understanding the income levels and distribution, as well as the factors influencing the economy, residents and potential newcomers can make informed decisions about their financial well-being in Pembroke Pines.