Palm Beach County, Florida

• Income near the national median: Median household income tracks the national median, indicating a broad-based consumer market.
• Cost of living erodes income: Local prices run 14.2% above the national average, so the nominal median of $83,581 is worth $73,188 at national average prices. BEA publishes price parity at metro level, not county level.
• Aging population: Median age of 45 is materially above the U.S. norm; succession planning and senior-services demand are real factors.

• Largest private-sector industry: Health Care and Social Assistance employs 103,471 workers (20.3% of tracked sectors), at an average wage of $69,916. Every industry figure on this page is private sector; government employs a further 62,555 and is counted separately.
• Economic scale: Regional GDP of $140.5B (2024).
• Wage stratification: Finance and Insurance averages $233,592 while Accommodation and Food Services averages $37,489, a 6.2x spread in the same local economy, with implications for workforce development and talent strategy.

• Top specialization: Lessors of Nonfinancial Intangible Assets concentrates at 3.55x the national norm, strong concentration that anchors the local economy and supports supply-chain attraction strategy.
• Cluster depth: 6 sub-sectors register LQ ≥ 1.5, and no single source of demand accounts for more than 41.2% of the employment across them, the largest being visitor economy. Demand reaches this base from more than one market rather than from a single one.
• Attraction whitespace: 4 sub-sectors register LQ < 0.5 with at least 50 employed, candidates for diversification or recruitment depending on labor-market fit.

• Stretched market: Home value to income ratio of 5.4x is well above the ~4.1x national average; attainable workforce housing may be a recruitment friction.
• High home ownership: 70.1% owner-occupied; rental supply may be tight for incoming workers.
• Elevated vacancy: 15.8% of housing units are vacant, above the Florida rate of 14.7%, and down from 19.3% in 2019.
• Mostly second homes: seasonal, recreational and occasional-use units are 60.3% of vacant units, so the headline rate is not available supply.
• Genuinely available supply: units listed for rent or for sale are 18.4% of the vacant stock, or 2.9% of all housing units against the 15.8% headline vacancy rate. Absorbable supply for an incoming employer is thin, and the gap between the two is the redevelopment and conversion opportunity.
• Rent affordability gap: None of the 5 HUD Fair Market Rent bedroom sizes sit below what a household on the median renter income of $60,689 can pay without cost burden (~$1,517/mo), and 58.6% of renter households are already cost-burdened, 32.1% severely so; workforce housing cost burden warrants attention.

• Succession risk is real: 23.8% of working-age residents are 55-64. Plan for retirements over the next decade and pair attraction strategy with talent retention.
• Low participation: 59.6% labor force participation against a labor force that grew 4.8% between 2019 and 2024, so workforce development programs may unlock additional supply.
• Talent pipeline: the 6 largest of 17 institutions in Palm Beach County award 17,075 credentials a year. Employers drawing from a wider labor shed should read this alongside institutions outside the county, which this page does not aggregate.

Palm Beach County shows meaningful potential for lessors of nonfinancial intangible assets attraction, with a 3.55x concentration and 355 jobs in this sub-sector. Near-term succession risk is elevated, with 23.8% of the working-age population within 10 years of retirement age.

The concentrated base spans lessors of nonfinancial intangible assets, private households, and amusement, gambling, and recreation industries, and no single source of demand accounts for more than 41.2% of the employment across them, the largest being visitor economy. Supply-chain recruitment has more than one demand base to work from.