Salary & Cost of Living in Lake Worth Beach, FL
Lake Worth Beach, FL: $42,559 median salary, cost of living index 99.5, $13.00/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$42,559
$20/hr
Cost of Living
99.5
US avg = 100
Minimum Wage
$13.00
per hour
Unemployment
3.2%
rate
Lake Worth Beach, FL Overview
Population
39,552
Median Salary
$42,559
Average Salary
$47,666
Avg Commute
18 min
Median Home Price
$384,000
Median Rent
$1,556/mo
Job Growth
+2.5%
Sales Tax
6%
Lake Worth Beach is located in Florida with a population of 39,552. The median household salary is $42,559 per year ($20/hour), which is $16,825 below the national median of $59,384. The average commute time is 18 minutes, and the city has a job growth rate of +2.5%.
Lake Worth Beach Salary by Experience Level (2026)
Wage distribution in Lake Worth Beach, FL based on BLS percentile breakdown of the $42,559 median salary. Entry-level represents 10th–25th percentile; mid-level is the median; senior-level represents 75th–90th percentile.
| Experience Level | Annual Salary | Hourly Wage | Years Exp |
|---|---|---|---|
| Entry-Level | $26,387 | $12.69/hr | 0–2 years |
| Mid-Level (Median) | $42,559 | $20.46/hr | 3–7 years |
| Senior-Level | $60,434 | $29.05/hr | 8–15 years |
| Top 10% (90th Percentile) | $75,755 | $36.42/hr | 15+ years / leadership |
Percentile multipliers (62%, 100%, 142%, 178%) derived from 2024 BLS Occupational Employment and Wage Statistics distribution across all occupations in metro areas. Specific roles vary; see jobs by city for role-specific data.
Lake Worth Beach Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Lake Worth Beach, FL, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$36,235
$3,019.55/month · $1,393.64/biweekly · Effective Rate: 14.9%
Gross Pay
$42,559
Federal Tax
-$3,069
State Tax
$0
Local Tax
$0
FICA
-$3,256
Net Pay
$36,235
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $3,546.58 | $42,559.00 |
| Federal Income Tax | -$255.72 | -$3,068.58 |
| Florida State Tax (0%) | $0.00 | $0.00 |
| Social Security (6.2%) | -$219.89 | -$2,638.66 |
| Medicare (1.45%) | -$51.43 | -$617.11 |
| Net Take-Home Pay | $3,019.55 | $36,234.66 |
Salary Comparison: Lake Worth Beach vs Other Cities
See how Lake Worth Beach's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Lake Worth Beach, FL | $42,559 | 99.5 | $42,773 |
| National Average | $59,384 | 100 | $59,384 |
| Riviera Beach, FL | $42,556 | 91.3 | $46,611 |
| Stillwater, OK | $42,575 | 87.3 | $48,769 |
| Gallatin, TN | $42,481 | 84.1 | $50,512 |
| Jefferson City, MO | $42,479 | 86.2 | $49,280 |
Adjusted salary reflects purchasing power when cost of living is factored in. A higher adjusted salary means your money goes further.
Cost of Living in Lake Worth Beach
Lake Worth Beach's cost of living index is 99.5 (national average = 100). Living in Lake Worth Beach is 0.5% less expensive than the national average.
Median Home Price
$384,000
Median Monthly Rent
$1,556
Annual Rent Cost
$18,672
Your Salary's Purchasing Power
Your $36,235 annual take-home pay in Lake Worth Beach has the purchasing power of approximately $36,417 in an average-cost US area. Your $42,559 salary stretches further here than in most US cities.
Top Industries in Lake Worth Beach
Lake Worth Beach's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $42,559.
Salary Tips for Lake Worth Beach Workers
- No state income tax advantage. Florida has no state income tax, which means more of your paycheck stays in your pocket. Invest the savings in a Roth IRA or 401(k) for long-term growth.
- Research top industries. Lake Worth Beach's top industries include Tourism, Agriculture, Aerospace. Targeting roles in these sectors can help you earn above the $42,559 median salary.
- Review your W-4 withholding. If you regularly receive large tax refunds, adjust your W-4 to increase your per-paycheck take-home pay instead of giving the government an interest-free loan.
Methodology & Local Economy Data Sources
How we calculate Lake Worth Beach salary data: Our citywide compensation figures aggregate occupation-specific salary data from BLS Occupational Employment and Wage Statistics for the Lake Worth Beach-FL metropolitan statistical area (MSA), weighted by local employment counts. Cost-of-living adjustments use the C2ER Cost of Living Index baseline of 100 (national average), with Lake Worth Beach indexed at 99.5.
- Median salary calculation: weighted average of Lake Worth Beach's occupation-specific medians from BLS OEWS, adjusted for local cost of living. Net result: $42,559 annual median.
- Tax burden reflects Florida state income tax (0%) (no local income tax), sales tax (6%), and federal taxes per IRS 2026 brackets.
- Unemployment rate for Lake Worth Beach: 3.2%, sourced from BLS Local Area Unemployment Statistics (LAUS).
- Top industries: Tourism, Agriculture, Aerospace — based on QCEW employment concentration data.
- Job growth: 2.5% projected through 2034, derived from BLS Employment Projections program for Florida.
- Housing context: median home price $384,000, median rent $1,556/mo, sourced from Census American Community Survey 5-year estimates.
Authoritative US data sources for Lake Worth Beach, FL:
- BLS Occupational Employment and Wage Statistics (OEWS) — metropolitan area salary data
- BLS Local Area Unemployment Statistics — Lake Worth Beach unemployment rate
- U.S. Census Bureau — Lake Worth Beach QuickFacts — population, housing, demographics
- BLS Quarterly Census of Employment and Wages (QCEW) — county-level industry employment
- BLS Economy at a Glance — Florida — state economic indicators
- U.S. Bureau of Economic Analysis (BEA) — local GDP and personal income data
- BLS Consumer Price Index (CPI-U) — regional inflation tracking
Disclaimer: Salary and cost data are estimates for general guidance. Individual compensation varies by employer, experience, education, negotiation, and skills. Lake Worth Beach's rapidly changing economy can shift these baselines — always verify with current job listings, employer offers, and recent Florida labor market reports for the most current figures.
Reviewed by Brazora Monk· Last updated 2026 · BLS & Census data current as of latest releases
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Frequently Asked Questions
What is the median salary in Lake Worth Beach, FL?
The median salary in Lake Worth Beach, FL is $42,559 per year, or $20 per hour. The average salary is $47,666. This is $16,825 below the national median of $59,384.
What is the cost of living in Lake Worth Beach, FL?
Lake Worth Beach's cost of living index is 99.5 (national average = 100), meaning it is 0.5% less expensive compared to the national average. The median home price is $384,000 and the median monthly rent is $1,556.
What are the best industries in Lake Worth Beach?
The top industries in Lake Worth Beach, FL include Tourism, Agriculture, Aerospace. The city has a job growth rate of 2.5% and an unemployment rate of 3.2%. Workers in these industries often earn above the city's median salary of $42,559.
How does Lake Worth Beach's salary compare to other cities?
Lake Worth Beach's median salary of $42,559 is 28.3% below the national median of $59,384. However, when adjusted for cost of living (index: 99.5), the real purchasing power is approximately $42,773.
What is the minimum wage in Lake Worth Beach, FL?
The minimum wage in Lake Worth Beach, FL is $13.00 per hour. This equals approximately $27,040 per year for a full-time worker (40 hours/week). This is $5.75 above the federal minimum wage of $7.25/hour.