Economy, jobs and prices in Florida, United States: official figures
The economy of Florida (gross domestic product) was worth $1.81 trillion in 2025 at current prices, 5.9% of the US total of $30.86 trillion; 4th largest of 51. In current dollars it was up 5.8% on 2024.
How fast is the economy of Florida growing?
After adjusting for inflation, real GDP in Florida grew 2.8% in 2025, against 2.3% for the United States; 11th fastest-growing of 51.
Source: U.S. Bureau of Economic Analysis · saved copyWhat is the GDP per capita of Florida?
Dividing 2025 GDP by the Census Bureau's population estimate gives $76,958 of output per resident, against $90,294 for the US economy divided by the population of the 50 states and DC; 15th lowest of 51.
Source: U.S. Bureau of Economic Analysis · saved copyIs the economy of Florida growing or shrinking?
In the second quarter of 2026, real GDP in Florida grew at an annual rate of 3.0% (United States: 2.2%); tied for 7th fastest-growing of 51.
Source: U.S. Bureau of Economic Analysis · saved copyWhat are the main industries in Florida?
In 2025 the largest private industry in Florida's economy was real estate, rental and leasing (20.7% of GDP), followed by professional, scientific and technical services (8.1%) and health care and social assistance (8.1%). Government accounted for 8.3% and manufacturing for 4.8%; the manufacturing share was 7th lowest of 51 (United States: 9.5%).
Source: U.S. Bureau of Economic Analysis · saved copyHow much do people in Florida spend?
Consumer spending (personal consumption expenditures) in Florida came to $66,061 per person in 2025 (United States: $61,062); 10th highest of 51.
Source: U.S. Bureau of Economic Analysis · saved copyIs Florida expensive to live in?
Prices in Florida were 3.4% above the national average in 2024, by BEA's regional price parity of 103.4 (US = 100), which covers goods, services and housing; 11th most expensive of 51.
Source: U.S. Bureau of Economic Analysis · saved copyWhat is the inflation rate in Florida?
Prices in Florida rose 2.4% in 2024, measured by BEA's implicit regional price deflator, against 2.6% nationally (PCE price index).
Source: U.S. Bureau of Economic Analysis · saved copyWhat is the per capita income in Florida?
Personal income per person in Florida was $78,345 in 2025, against $77,028 for the United States; 16th highest of 51. It was up 4.6% on 2024 and up 38.4% on 2020, before inflation.
Source: U.S. Bureau of Economic Analysis · saved copyWhat is the disposable income per person in Florida?
After taxes, disposable personal income per person was $69,017 in 2025 (United States: $67,251); 16th highest of 51.
Source: U.S. Bureau of Economic Analysis · saved copyHow far does income go in Florida?
Adjusted for local price levels, real personal income per person in Florida was $57,131 in 2024 in 2017 dollars (United States: $59,195); 22nd lowest of 51.
Source: U.S. Bureau of Economic Analysis · saved copyWhat is the median household income in Florida?
Median household income in Florida was $77,735 in 2024 (margin of error ±$564), against $81,604 for the United States; 25th lowest of 51 by the point estimate. It was up 3.0% on 2023 after adjusting for inflation (American Community Survey).
Source: U.S. Census Bureau · saved copyHow unequal are incomes in Florida?
The Gini index of household income inequality in Florida was 0.480 in 2024 (0 means equal incomes, 1 means one household has everything; United States: 0.481); tied for 7th most unequal of 51.
Source: U.S. Census Bureau · saved copyWhat is the unemployment rate in Florida?
The unemployment rate in Florida was 4.4% in September 2026 (seasonally adjusted, preliminary), up from 4.2% a year earlier; tied for 14th highest of 51. The rate for the 50 states and DC combined was 4.2%.
Source: U.S. Bureau of Labor Statistics · saved copyHow many people are unemployed in Florida?
In September 2026, 488,873 people in Florida were unemployed and 10,625,037 employed, out of a labor force of 11,113,910.
Source: U.S. Bureau of Labor Statistics · saved copyWhat was the unemployment rate in Florida in 2025?
Over 2025 the unemployment rate in Florida averaged 3.9% (an 11-month average: October 2025 was not collected during the federal shutdown), against 3.4% in 2024; tied for 23rd lowest of 51. The lowest annual rate since 1976 was 2.9% in 2023.
Source: U.S. Bureau of Labor Statistics · saved copyWhat is the average salary in Florida?
Workers covered by unemployment insurance in Florida were paid $72,772 on average in 2025 ($1,399 a week), up 4.8% on 2024; the US average was $78,720. That is 21st highest of 51.
Source: U.S. Bureau of Labor Statistics · saved copyHow many jobs are there in Florida?
Employers in Florida had an average of 9,914,411 jobs on their payrolls in 2025 across 868,046 establishments, up 0.8% on 2024 (United States: up 0.5%).
Source: U.S. Bureau of Labor Statistics · saved copyWhat is the median wage in Florida?
The median annual wage across all occupations in Florida was $47,880 in May 2025 (mean $64,670); 15th lowest of 51. One in ten workers earned less than $30,010 and one in ten more than $114,550.
Source: U.S. Bureau of Labor Statistics · saved copyWhat is the most common job in Florida?
The most common occupation in Florida in May 2025 was retail salespersons, with 333,460 workers and a median annual wage of $34,010.
Source: U.S. Bureau of Labor Statistics · saved copyWhat is the median household income in Florida?
Median household income in Florida was $77,687 in 2024, 25th lowest among the 50 states and DC (U.S.: $81,604). In 2019 it was $59,198, so it has risen 31.2% before allowing for inflation.
Source: U.S. Census Bureau · saved copyWhat is the average rent in Florida?
The median gross rent in Florida, including utilities, was $1,812 a month in 2024, up 5.4% on 2023 ($1,719); 7th highest among the 50 states and DC (U.S.: $1,487).
Source: U.S. Census Bureau · saved copyWhat is the median home value in Florida?
Homeowners in Florida valued their homes at a median of $396,900 in 2024, up 4.2% on 2023 ($381,000); joint 19th highest among the 50 states and DC (U.S.: $360,600).
Source: U.S. Census Bureau · saved copyHow affordable are homes in Florida?
The median home value in Florida was 5.1 times the median household income in 2024 ($396,900 against $77,687); 15th highest ratio among the 50 states and DC (U.S.: 4.4).
Source: U.S. Census Bureau · saved copyIs rent affordable in Florida?
A household on the median income in Florida would spend 28.0% of its income on the median rent of $1,812 a month in 2024 (U.S.: 21.9%).
Source: U.S. Census Bureau · saved copyHow Florida compares with other states
Gross domestic product, 2025 (current dollars) (2025)
Florida ranks 4 of 51, highest first.
| Rank | Region | Gross domestic product, 2025 (current dollars) |
|---|---|---|
| 1 | California | $4.30 trillion |
| 2 | Texas | $2.93 trillion |
| 3 | New York | $2.47 trillion |
| 4 | Florida | $1.81 trillion |
| 5 | Illinois | $1.24 trillion |
| 6 | Pennsylvania | $1.06 trillion |
| 7 | Ohio | $976.9 billion |
GDP per resident, 2025 (BEA GDP / Census population) (2025)
Florida ranks 37 of 51, highest first.
| Rank | Region | GDP per resident, 2025 (BEA GDP / Census population) |
|---|---|---|
| 34 | Indiana | $77,790 |
| 35 | Arizona | $77,665 |
| 36 | Vermont | $77,029 |
| 37 | Florida | $76,958 |
| 38 | Missouri | $75,811 |
| 39 | Louisiana | $74,125 |
| 40 | Michigan | $72,462 |
Real GDP growth, 2025 (2025)
Florida ranks 11 of 51, highest first.
| Rank | Region | Real GDP growth, 2025 |
|---|---|---|
| 8 | Georgia | 2.9% |
| 9 | Texas | 2.8% |
| 10 | West Virginia | 2.8% |
| 11 | Florida | 2.8% |
| 12 | Rhode Island | 2.8% |
| 13 | Utah | 2.7% |
| 14 | Illinois | 2.6% |
Real GDP growth, 2026:Q2 (annual rate) (2026:Q2)
Florida ranks 7 of 51, highest first.
| Rank | Region | Real GDP growth, 2026:Q2 (annual rate) |
|---|---|---|
| 4 | Minnesota | 3.4% |
| 5 | Utah | 3.4% |
| 6 | Georgia | 3.1% |
| 7 | Florida | 3.0% |
| 8 | Connecticut | 3.0% |
| 9 | North Carolina | 2.9% |
| 10 | Massachusetts | 2.7% |
Personal income per person, 2025 (2025)
Florida ranks 16 of 51, highest first.
| Rank | Region | Personal income per person, 2025 |
|---|---|---|
| 13 | Alaska | $80,510 |
| 14 | South Dakota | $78,999 |
| 15 | Illinois | $78,987 |
| 16 | Florida | $78,345 |
| 17 | Minnesota | $78,197 |
| 18 | North Dakota | $77,438 |
| 19 | Hawaii | $76,966 |
Real personal income per person, 2024 (adjusted for local prices, 2017 dollars) (2024)
Florida ranks 30 of 51, highest first.
| Rank | Region | Real personal income per person, 2024 (adjusted for local prices, 2017 dollars) |
|---|---|---|
| 27 | Texas | $58,219 |
| 28 | Missouri | $57,850 |
| 29 | Maine | $57,480 |
| 30 | Florida | $57,131 |
| 31 | Louisiana | $56,789 |
| 32 | Nevada | $56,503 |
| 33 | North Carolina | $56,310 |
Median household income, 2024 (ACS) (2024)
Florida ranks 27 of 51, highest first.
| Rank | Region | Median household income, 2024 (ACS) |
|---|---|---|
| 24 | Georgia | $79,991 |
| 25 | Texas | $79,721 |
| 26 | North Dakota | $77,871 |
| 27 | Florida | $77,735 |
| 28 | Pennsylvania | $77,545 |
| 29 | Wisconsin | $77,488 |
| 30 | South Dakota | $76,881 |
Regional price parity, 2024 (US = 100) (2024)
Florida ranks 11 of 51, highest first.
| Rank | Region | Regional price parity, 2024 (US = 100) |
|---|---|---|
| 8 | Maryland | 105.0 |
| 9 | New Hampshire | 104.2 |
| 10 | Connecticut | 103.6 |
| 11 | Florida | 103.4 |
| 12 | Oregon | 103.4 |
| 13 | Colorado | 103.1 |
| 14 | Alaska | 102.4 |
Unemployment rate, September 2026 (seasonally adjusted) (September 2026)
Florida ranks 15 of 51, highest first.
| Rank | Region | Unemployment rate, September 2026 (seasonally adjusted) |
|---|---|---|
| 12 | Delaware | 4.6% |
| 13 | Minnesota | 4.5% |
| 14 | Texas | 4.4% |
| 15 | Florida | 4.4% |
| 16 | New York | 4.3% |
| 17 | Massachusetts | 4.3% |
| 18 | Alaska | 4.3% |
Unemployment rate, 2025 annual average (2025)
Florida ranks 28 of 51, highest first.
| Rank | Region | Unemployment rate, 2025 annual average |
|---|---|---|
| 25 | Maryland | 4.0% |
| 26 | Colorado | 4.0% |
| 27 | Connecticut | 4.0% |
| 28 | Florida | 3.9% |
| 29 | Minnesota | 3.9% |
| 30 | North Carolina | 3.8% |
| 31 | Kansas | 3.8% |
Labor force participation rate, September 2026 (September 2026)
Florida ranks 47 of 51, highest first.
| Rank | Region | Labor force participation rate, September 2026 |
|---|---|---|
| 44 | Kentucky | 57.9% |
| 45 | North Carolina | 57.8% |
| 46 | Delaware | 57.8% |
| 47 | Florida | 57.3% |
| 48 | Alabama | 56.8% |
| 49 | New Mexico | 56.6% |
| 50 | Mississippi | 54.5% |
Average annual pay, 2025 (QCEW) (2025)
Florida ranks 21 of 51, highest first.
| Rank | Region | Average annual pay, 2025 (QCEW) |
|---|---|---|
| 18 | Oregon | $73,706 |
| 19 | Georgia | $73,032 |
| 20 | Arizona | $72,894 |
| 21 | Florida | $72,772 |
| 22 | North Carolina | $71,533 |
| 23 | Rhode Island | $71,123 |
| 24 | Michigan | $70,809 |
Median annual wage, all occupations, May 2025 (OEWS) (May 2025)
Florida ranks 37 of 51, highest first.
| Rank | Region | Median annual wage, all occupations, May 2025 (OEWS) |
|---|---|---|
| 34 | Kansas | $48,010 |
| 35 | North Carolina | $47,970 |
| 36 | Idaho | $47,970 |
| 37 | Florida | $47,880 |
| 38 | Indiana | $47,860 |
| 39 | Missouri | $47,800 |
| 40 | Nevada | $47,660 |
Median household income (2024)
Florida ranks 27 of 51, highest first. Census Bureau SAIPE model estimates
| Rank | Region | Median household income |
|---|---|---|
| 24 | North Dakota | $80,132 |
| 25 | Georgia | $79,912 |
| 26 | Texas | $79,723 |
| 27 | Florida | $77,687 |
| 28 | Wisconsin | $77,557 |
| 29 | Pennsylvania | $77,532 |
| 30 | South Dakota | $77,494 |
Median gross rent (monthly) (2024)
Florida ranks 7 of 51, highest first. Renter-occupied units paying cash rent
| Rank | Region | Median gross rent (monthly) |
|---|---|---|
| 4 | Massachusetts | $1,848 |
| 5 | Washington | $1,824 |
| 6 | Colorado | $1,822 |
| 7 | Florida | $1,812 |
| 8 | New Jersey | $1,800 |
| 9 | Maryland | $1,721 |
| 10 | Nevada | $1,709 |
Median value of owner-occupied homes (2024)
Florida ranks 19 of 51, highest first. Owner-reported value
| Rank | Region | Median value of owner-occupied homes |
|---|---|---|
| 16 | Arizona | $426,000 |
| 17 | Montana | $425,400 |
| 18 | Virginia | $403,500 |
| 19 | Florida | $396,900 |
| 20 | Connecticut | $396,900 |
| 21 | Alaska | $376,500 |
| 22 | Delaware | $371,600 |
More on Florida: overview · health · education and schools · poverty and living standards · government budget · the United States
Sources
- U.S. Census Bureau: Household Income in States and Metropolitan Areas: 2024 (ACSBR-025), Appendix Table 1: median household income and Gini index by state, 2023 and 2024 American Community Survey, read 23 October 2026 · saved copy (SHA-256 5de1b0d5ec46…)
- U.S. Bureau of Economic Analysis: SASUMMARY: State annual summary statistics: personal income, GDP, consumer spending, price indexes, and employment (updated 30 September 2026), read 23 October 2026 · saved copy (SHA-256 a3757d207c05…)
- U.S. Bureau of Economic Analysis: SAGDP: Annual GDP by state, 1997-2025 (table SAGDP2, GDP in current dollars by industry), read 23 October 2026 · saved copy (SHA-256 3d3c5bc7bd24…)
- U.S. Bureau of Economic Analysis: SQGDP: Quarterly GDP by state, 2005-2026 Q2 (table SQGDP11, percent change in real GDP at annual rate), read 23 October 2026 · saved copy (SHA-256 1649260cdceb…)
- U.S. Bureau of Labor Statistics: Local Area Unemployment Statistics: employment status of the civilian noninstitutional population, states, monthly, seasonally adjusted, read 23 October 2026 · saved copy (SHA-256 7bb6f18d4145…)
- U.S. Bureau of Labor Statistics: Local Area Unemployment Statistics: employment status of the civilian noninstitutional population, states, annual averages 1976-2025, read 23 October 2026 · saved copy (SHA-256 262aba7d00df…)
- U.S. Bureau of Labor Statistics: Occupational Employment and Wage Statistics, May 2025 state estimates (state_M2025_dl.xlsx), read 23 October 2026 · saved copy (SHA-256 74d5be0e1df8…)
- U.S. Bureau of Labor Statistics: Quarterly Census of Employment and Wages, 2025 annual averages, all industries (open data CSV slice), read 23 October 2026 · saved copy (SHA-256 5a5f89142aae…)
- U.S. Census Bureau: American Community Survey 2024 1-year estimates, table-based summary file: Median gross rent (B25064), read 23 October 2026 · saved copy (SHA-256 8624f9775add…)
- U.S. Census Bureau: American Community Survey 2024 1-year estimates, table-based summary file: Median value of owner-occupied homes (B25077), read 23 October 2026 · saved copy (SHA-256 27120d5d8a5f…)
- U.S. Census Bureau: Small Area Income and Poverty Estimates (SAIPE): 2024 poverty and median household income, states and counties, read 23 October 2026 · saved copy (SHA-256 cb52c47d75c1…)
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