Salary & Cost of Living in Pompano Beach, FL
Pompano Beach, FL: $55,000 median salary, cost of living index 108, $14.00/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$55,000
$26/hr
Cost of Living
108
US avg = 100
Minimum Wage
$14.00
per hour
Unemployment
3.5%
rate
Pompano Beach, FL Overview
Population
112,118
Median Salary
$55,000
Average Salary
$61,000
Avg Commute
28 min
Median Home Price
$350,000
Median Rent
$1,650/mo
Job Growth
+1.8%
Sales Tax
7%
Pompano Beach is located in Florida with a population of 112,118. The median household salary is $55,000 per year ($26/hour), which is $4,384 below the national median of $59,384. The average commute time is 28 minutes, and the city has a job growth rate of +1.8%.
Pompano Beach Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Pompano Beach, FL, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$46,231
$3,852.58/month · $1,778.12/biweekly · Effective Rate: 15.9%
Gross Pay
$55,000
Federal Tax
-$4,562
State Tax
$0
Local Tax
$0
FICA
-$4,208
Net Pay
$46,231
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $4,583.33 | $55,000.00 |
| Federal Income Tax | -$380.13 | -$4,561.50 |
| Florida State Tax (0%) | $0.00 | $0.00 |
| Social Security (6.2%) | -$284.17 | -$3,410.00 |
| Medicare (1.45%) | -$66.46 | -$797.50 |
| Net Take-Home Pay | $3,852.58 | $46,231.00 |
Salary Comparison: Pompano Beach vs Other Cities
See how Pompano Beach's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Pompano Beach, FL | $55,000 | 108 | $50,926 |
| National Average | $59,384 | 100 | $59,384 |
| Santa Ana, CA | $55,000 | 150 | $36,667 |
| Ontario, CA | $55,000 | 108 | $50,926 |
| New Haven, CT | $55,000 | 115 | $47,826 |
| Cape Coral, FL | $55,000 | 98 | $56,122 |
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 Pompano Beach
Pompano Beach's cost of living index is 108 (national average = 100). Living in Pompano Beach is 8% more expensive than the national average.
Median Home Price
$350,000
Median Monthly Rent
$1,650
Annual Rent Cost
$19,800
Your Salary's Purchasing Power
Your $46,231 annual take-home pay in Pompano Beach has the purchasing power of approximately $42,806 in an average-cost US area. You would need to earn $59,400 in Pompano Beach to match a $55,000 salary in an average-cost city.
Top Industries in Pompano Beach
Pompano Beach's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $55,000.
Salary Tips for Pompano 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. Pompano Beach's top industries include Healthcare, Manufacturing, Tourism. Targeting roles in these sectors can help you earn above the $55,000 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.
Explore Salaries Across the US
Compare salary data and cost of living for hundreds of US cities. Find out where your paycheck goes the furthest.
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Frequently Asked Questions
What is the median salary in Pompano Beach, FL?
The median salary in Pompano Beach, FL is $55,000 per year, or $26 per hour. The average salary is $61,000. This is $4,384 below the national median of $59,384.
What is the cost of living in Pompano Beach, FL?
Pompano Beach's cost of living index is 108 (national average = 100), meaning it is 8% more expensive compared to the national average. The median home price is $350,000 and the median monthly rent is $1,650.
What are the best industries in Pompano Beach?
The top industries in Pompano Beach, FL include Healthcare, Manufacturing, Tourism. The city has a job growth rate of 1.8% and an unemployment rate of 3.5%. Workers in these industries often earn above the city's median salary of $55,000.
How does Pompano Beach's salary compare to other cities?
Pompano Beach's median salary of $55,000 is 7.4% below the national median of $59,384. However, when adjusted for cost of living (index: 108), the real purchasing power is approximately $50,926.
What is the minimum wage in Pompano Beach, FL?
The minimum wage in Pompano Beach, FL is $14.00 per hour. This equals approximately $29,120 per year for a full-time worker (40 hours/week). This is $6.75 above the federal minimum wage of $7.25/hour.