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Palm Beach County, Florida Economic Analysis


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Economic Analysis

People and the communities they live in depend on money. The people of Palm Beach County, Florida need food, shelter, clothing, and medical care. Business formation and job creation are essential to this community. Money sustains infrastructure such as roads and airports as well as human resources including fire rescue and police protection.

Energy Costs In Florida

    Residential
(cents per
kilowatthour)
Commercial
(cents per
kilowatthour)
Industrial
(cents per
kilowatthour)
Other
(cents per
kilowatthour)
Transportation
(cents per
kilowatthour)
Total
(cents per
kilowatthour)
1990              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.77 6.66 5.08 6.83 0.00 7.04
  Total Electric Industry 7.77 6.66 5.08 6.83 0.00 7.04
1991              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.91 6.77 5.19 6.85 0.00 7.16
  Total Electric Industry 7.91 6.77 5.19 6.85 0.00 7.16
1992              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.75 6.58 5.02 6.81 0.00 6.99
  Total Electric Industry 7.75 6.58 5.02 6.81 0.00 6.99
1993              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.99 6.69 5.26 6.96 0.00 7.20
  Total Electric Industry 7.99 6.69 5.26 6.96 0.00 7.20
1994              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.78 6.35 5.13 6.72 0.00 6.96
  Total Electric Industry 7.78 6.35 5.13 6.72 0.00 6.96
1995              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.82 6.39 5.16 6.69 0.00 7.01
  Total Electric Industry 7.82 6.39 5.16 6.69 0.00 7.01
1996              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.99 6.63 5.11 6.80 0.00 7.18
  Total Electric Industry 7.99 6.63 5.11 6.80 0.00 7.18
1997              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 8.08 6.62 5.04 6.80 0.00 7.19
  Total Electric Industry 8.08 6.62 5.04 6.80 0.00 7.19
1998              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.89 6.38 4.81 6.64 0.00 7.01
  Total Electric Industry 7.89 6.38 4.81 6.64 0.00 7.01
1999              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.73 6.22 4.77 6.61 0.00 6.85
  Total Electric Industry 7.73 6.22 4.77 6.61 0.00 6.85
2000              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.77 6.25 4.84 6.96 0.00 6.91
  Total Electric Industry 7.77 6.25 4.84 6.96 0.00 6.91
2001              
  Full-Service Providers 8.59 7.08 5.18 7.60 0.00 7.67
  Total Electric Industry 8.59 7.08 5.18 7.60 0.00 7.67
2002              
  Full-Service Providers 8.16 6.64 5.23 7.43 0.00 7.31
  Total Electric Industry 8.16 6.64 5.23 7.43 0.00 7.31
2003              
  Full-Service Providers 8.55 7.13 5.41 0.00 7.21 7.72
  Total Electric Industry 8.55 7.13 5.41 0.00 7.21 7.72
2004              
  Full-Service Providers 8.99 7.61 5.84 0.00 7.45 8.16
  Total Electric Industry 8.99 7.61 5.84 0.00 7.45 8.16
2005              
  Full-Service Providers 9.62 8.16 6.46 0.00 8.03 8.76
  Total Electric Industry 9.62 8.16 6.46 0.00 8.03 8.76
2006              
  Full-Service Providers 11.33 9.91 7.71 0.00 10.32 10.45
  Total Electric Industry 11.33 9.91 7.71 0.00 10.32 10.45

(updated 2006)



Time Leaving to Work in Palm Beach County, Florida

12:00 A.M. TO 4:59 A.M.   : 9,734   (2.1%)
5:00 A.M. TO 5:29 A.M.   : 8,641   (1.9%)
5:30 A.M. TO 5:59 A.M.   : 12,010   (2.6%)
6:00 A.M. TO 6:29 A.M.   : 32,161   (7.1%)
6:30 A.M. TO 6:59 A.M.   : 44,354   (9.7%)
7:00 A.M. TO 7:29 A.M.   : 71,623   (15.7%)
7:30 A.M. TO 7:59 A.M.   : 78,745   (17.3%)
8:00 A.M. TO 8:29 A.M.   : 64,987   (14.2%)
8:30 A.M. TO 8:59 A.M.   : 33,995   (7.5%)
9:00 A.M. TO 9:59 A.M.   : 33,495   (7.3%)
10:00 A.M. TO 10:59 A.M.   : 12,139   (2.7%)
11:00 A.M. TO 11:59 A.M.   : 5,644   (1.2%)
12:00 P.M. TO 3:59 P.M.   : 23,339   (5.1%)
4:00 P.M. TO 11:59 P.M.   : 25,251   (5.5%)


(updated 2010)



Household Size By Vehicles Available
(Palm Beach County, Florida)

1-person household:

No vehicle available : 22,777

1 vehicle available : 128,710

2 vehicles available : 11,846

3 vehicles available : 1,713

4 or more vehicles available : 581

2-person household:

No vehicle available : 7,070

1 vehicle available : 67,320

2 vehicles available : 108,719

3 vehicles available : 10,132

4 or more vehicles available : 2,119

3-person household:

No vehicle available : 2,704

1 vehicle available : 16,865

2 vehicles available : 32,153

3 vehicles available : 15,100

4 or more vehicles available : 2,366

4-or-more-person household:

No vehicle available : 3,250

1 vehicle available : 15,864

2 vehicles available : 46,648

3 vehicles available : 19,315

4 or more vehicles available : 9,234


(updated 2013)



Household Size By Number Of Workers In Household
(Palm Beach County, Florida)

1-person household:

No workers : 93,950

1 worker : 71,677

2-person household:

No workers : 77,833

1 worker : 61,538

2 workers : 55,989

3-person household:

No workers : 6,904

1 worker : 26,578

2 workers : 27,710

3 workers : 7,996

4-or-more-person household:

No workers : 5,032

1 worker : 32,056

2 workers : 39,732

3 or more workers : 17,491


(updated 2013)



Means of Transportation To Work
(Palm Beach County, Florida)

Car, truck, or van:

Drove alone : 459,640

Carpooled:

In 2-person carpool : 40,849

In 3-person carpool : 9,135

In 4-person carpool : 4,810

In 5- or 6-person carpool : 1,959

In 7-or-more-person carpool : 2,358

Public transportation (excluding taxicab):

Bus or trolley bus : 9,870

Streetcar or trolley car (carro publico in Puerto Rico) : 92

Subway or elevated : 104

Railroad : 988

Ferryboat : 26

Taxicab : 590

Motorcycle : 1,721

Bicycle : 2,882

Walked : 8,497

Other means : 5,565

Worked at home : 35,197


(updated 2013)



Travel Time To Work
(Palm Beach County, Florida)

Less than 5 minutes : 12,358

5 to 9 minutes : 45,856

10 to 14 minutes : 74,479

15 to 19 minutes : 92,267

20 to 24 minutes : 91,091

25 to 29 minutes : 42,373

30 to 34 minutes : 87,856

35 to 39 minutes : 15,669

40 to 44 minutes : 20,756

45 to 59 minutes : 35,313

60 to 89 minutes : 20,380

90 or more minutes : 10,688


(updated 2013)



Occupations in Palm Beach County, Florida

Male:


  • Management, Professional, And Related Occupations: 85,780  (32.6%)
  • Service Occupations: 43,133  (16.4%)
  • Sales And Office Occupations: 53,415  (20.3%)
  • Farming, Fishing, And Forestry Occupations 2,924  (1.1%)
  • Construction, Extraction, And Maintenance Occupations: 45,460  (17.3%)

Female:


  • Management, Professional, And Related Occupations: 80,784  (36.4%)
  • Service Occupations: 42,733  (19.3%)
  • Sales And Office Occupations: 87,249  (39.3%)
  • Farming, Fishing, And Forestry Occupations 1,029  (0.5%)
  • Construction, Extraction, And Maintenance Occupations: 1,390  (0.6%)


(updated 2010)





Amtrak Stations in Palm Beach County, Florida

Rail Station(s)


    345 South Congress Ave
    Delray Beach, Florida 33444

    201 South Tamarind Ave
    West Palm Beach, Florida 33402

(updated 2008)



Employment Rate In Palm Beach County, Florida

Employed: 608,515
Unemployed: 22,523



Minority Owned Firms of 100 or More in
Palm Beach County, Florida

  • Total Black-owned firms of 100 or more, percent 2002: 6.3%
  • Total American Indian-and Alaska Native-owned firms of 100 or more, percent 2002: 0.5%
  • Total Asian-owned firms of 100 or more, percent 2002: 2.3%
  • Total Hispanic-owned firms of 100 or more, percent 2002: 10.2%
  • Total Native Hawaiian-and Other Pacific Islander-owned firms of 100 or more, percent 2002: 0.1%
  • Total women-owned firms of 100 or more, percent 2002: 29.0%
  • Other: 51.6%



Water Usage In Palm Beach County, Florida

Ground Water

 
Fresh 273.18 Mgal/d
Saline 0.00 Mgal/d

Total 273.18 Mgal/d
 

Surface Water

 
Fresh 1,005.41 Mgal/d
Saline 433.02 Mgal/d

Total 1,438.43 Mgal/d





There are 2,013 Farms In Palm Beach County, Florida


(updated 2008)



Banks In Palm Beach County, Florida

Wells Fargo Bank, National Association - 66 Branches


    Bank Assets: $94.8b
    Industry Specialization: All Other > $1 Billion
    Total Offices: 6,310

Bank Of America, National Association - 56 Branches


    Bank Assets: $81.4b
    Industry Specialization: All Other > $1 Billion
    Total Offices: 5,094

Pnc Bank, National Association - 52 Branches


    Bank Assets: $16.4b
    Industry Specialization: Commercial Lending
    Total Offices: 2,821

Jpmorgan Chase Bank, National Association - 51 Branches


    Bank Assets: $102.1b
    Industry Specialization: International
    Total Offices: 5,679

Suntrust Bank - 37 Branches


    Bank Assets: $6.5b
    Industry Specialization: Commercial Lending
    Total Offices: 1,514

Branch Banking And Trust Company - 32 Branches


    Bank Assets: $5.8b
    Industry Specialization: Commercial Lending
    Total Offices: 1,843

Td Bank, National Association - 24 Branches


    Bank Assets: $5.2b
    Industry Specialization: All Other > $1 Billion
    Total Offices: 1,328

Bankunited, National Association - 17 Branches


    Bank Assets: $286.5m
    Industry Specialization: Commercial Lending
    Total Offices: 105

Regions Bank - 11 Branches


    Bank Assets: $1.2b
    Industry Specialization: Commercial Lending
    Total Offices: 1,673

New York Community Bank - 11 Branches


    Bank Assets: $493.2m
    Industry Specialization: Commercial Lending
    Total Offices: 248

(updated 2014)







Airports Near Palm Beach County, Florida

  • Palm Beach International


    (about 5.9 miles in Cloud Lake, Florida; Airport Code: PBI)

  • Boca Raton Public


    (about 18.9 miles in Boca Raton, Florida; Airport Code: BCT)

  • William P Gwinn


    (about 20.3 miles in Jupiter, Florida; Airport Code: XWN)

  • Pompano Beach Airpark


    (about 27.4 miles in Pompano Beach, Florida; Airport Code: PPM)

  • Fort Lauderdale Executive


    (about 30.5 miles in Fort Lauderdale, Florida; Airport Code: FXE)

  • Witham Field


    (about 37.6 miles in Sewalls Point, Florida; Airport Code: SUA)

  • Fort Lauderdale-Hollywood International


    (about 39.0 miles in Fort Lauderdale, Florida; Airport Code: FLL)

  • Opa-locka Executive


    (about 50.8 miles in Miami Gardens, Florida; Airport Code: OPF)

  • Airglades


    (about 54.4 miles in Lake Harbor, Florida; Airport Code: FL6)

  • Miami International


    (about 58.8 miles in Miami, Florida; Airport Code: MIA)

  • Watson Island International


    (about 59.4 miles in Miami, Florida; Airport Code: MPB)

  • Okeechobee County


    (about 60.1 miles in Okeechobee, Florida; Airport Code: OBE)

  • Miami Downtown Heliport


    (about 60.2 miles in Miami, Florida; Airport Code: JDM)

  • St. Lucie County International


    (about 60.6 miles in Fort Pierce, Florida; Airport Code: FPR)

  • Dade-Collier


    (about 69.7 miles in Jerome, Florida; Airport Code: TNT)

  • Dade-Collier Training and Transition


    (about 69.8 miles in Jerome, Florida; Airport Code: TNT)

  • Kendall-Tamiami Executive


    (about 70.2 miles in Miami, Florida; Airport Code: TMB)

  • Tamiami


    (about 70.3 miles in Miami, Florida; Airport Code: TMB)

  • Vero Beach Municipal


    (about 71.9 miles in Vero Beach, Florida; Airport Code: VRB)

  • Immokalee Regional


    (about 77.0 miles in Ave Maria, Florida; Airport Code: IMM)


(updated 2015)



Modes of Transportation in Palm Beach County, Florida

Car, Truck, Or Van:

 

Drove Alone

79.64%

Carpooled

11.93%

Public Transportation:

 

Bus Or Trolley Bus

1.08%

Streetcar Or Trolley Car

0.01%

Subway Or Elevated

0.02%

Railroad

0.14%

Ferryboat

0.0%

Taxicab

0.16%

Motorcycle

0.15%

Bicycle

0.51%

Walked

1.36%

Other Means

0.91%

Worked At Home

4.09%



(updated 2010)





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