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EconPulse

Local economy signal dashboard

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PLACEThriving

West Palm Beach, FL

Thriving overall. Population is the clearest support signal, while jobs needs the most attention. Housing reads as affordable for a median-income household.

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Overall score69out of 100
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76
50
100
59
95

Population

122,290

Data freshness

Unknown

GDP / Output

+5.2% YoY

76

$140.5B

Output changed +5.2% in 2024.

Vintage date unknown

State growth6.3%
U.S. growth5.3%

Jobs

Unemployment rate

50

5.1%

Unemployment is 5.1% for Latest available.

Vintage date unknown

State avg4.8%
U.S. avg5.2%

Population

+10.2% 5-year

100

122,290

Population moved +10.2% over the latest ACS window.

Vintage date unknown

State population22,416,077
U.S. population334,922,499

Housing

Rent share of income

59

29.0%

Median rent consumes 29.0% of median household income: Affordable.

Vintage date unknown

State rent$1.7K
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

Federal Funds

$7.5K per resident

95

$11.2B

$11.2B in federal obligations flowed here in FY2025.

Vintage date unknown

State total$325.0B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$11.2B

$7.5K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$9.0B
2. Department of Veterans Affairs$681.2M
3. Department of Defense$534.5M

Top recipients

Dollars
1. THALLE CONSTRUCTION CO INC$275.7M
2. THE GEO GROUP, INC.$199.2M
3. STATE OF FLORIDA DEPARTMENT OF TRANSPORTATION$91.4M

Affordable

Housing Affordability

29.0%

of median income

1BR estimate$1,453
2BR estimate$1,914
Median income$73,446
Median home value$414,200

ACS context

Quick Facts

Population

122,290

Median age

41.1

Bachelor's degree+

39.2%

Poverty rate

14.1%

Labor force participation

64.4%

Prime rate

6.8%

CPI YoY

+3.2%

U.S. GDP YoY

+6.5%

Sources and warnings

Data Provenance

Census ACS 5-year

2024

BLS LAUS / CPS

Latest available

BEA regional CAGDP1

2024

USAspending

FY2025

FRED

2026-07-31

HUD Fair Market Rent

Latest available

Data notes
  • HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

5-year compound growth

Historical Trends

Population CAGR

+2.0%

GDP CAGR

+8.4%

Federal flow

5 years

Population (5 years)
2020111,006
2021115,877
2022117,588
2023119,508
2024122,290
GDP (5 years)
2020$93.9B
2021$108.5B
2022$120.5B
2023$133.5B
2024$140.5B

2-year linear forecast

Predictive Outlook

Population forecast

2024122,290
2025125,114 *
2026127,733 *

R² = 96.0% · * projected

GDP forecast

2024$140.5B
2025$154.8B *
2026$166.7B *

R² = 98.8% · * projected

Linear regression over available historical data. Projections are estimates based on past trends and do not account for policy changes, economic shocks, or other external factors.

housing affordability breakdown

Cost of Living

Median household income$73,446/yr
Median rent$1,772/mo
Rent share of income29.0%
Est. mortgage (30yr, 6.5%)$25,133/yr
Mortgage share of income34.2%

Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.

employment snapshot

Job Market

Unemployment rate5.1%
State avg4.8%
U.S. avg5.2%
Labor force participation64.4%
Poverty rate14.1%

Data from BLS LAUS / CPS. Latest available.

valuation snapshot

Real Estate

Median home value$414,200
Median monthly rent$1,772
Price-to-rent ratio19.5x

Moderate price-to-rent ratio — buying and renting are roughly balanced in this market.

composite score

Investment Climate

Investment climateStrong
Composite score73/100
Economic growth76/100
Labor market50/100
Population momentum100/100
Overall stability69/100

Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.

Location Context

West Palm Beach city, Florida

City/Town

Part of

Miami-Fort Lauderdale-West Palm Beach, FL

Nearby locations

Schall Circle, FLPlantation Mobile Home Park, FLMangonia Park, FLStacey Street, FLWestgate, FL