boynton aerial view

Economic Overview

As one of South Florida’s emerging local economies, the City of Boynton Beach has a diverse, innovative economy that aims to promote a healthy and vibrant community through locally-based, regionally-driven economic development. We are part of the Miami-Fort Lauderdale-West Palm Beach Metro Area with a market of over 6.5 million people within 100 miles. Our unemployment rate currently sits at 3.5% and a median age of 42.8.

The three main sectors of our economy are healthcare/social assistance, retail trade, and accommodation/food services. We have over 9,600 businesses currently operating within the City to date that have created over 21,000 jobs. We have a thriving and emerging micro-brewery sector with 4 successful breweries. We have currently have five major developments taking place in the City:

  • 500 Ocean
  • Riverwalk Plaza
  • Ocean One
  • Villages East Ocean
  • Town Square

Boynton Beach Property by the Numbers

•    Market Value - $8,959,904,023
•    Taxable Value - $6,215,203,426
•    Net New Construction - $93,029,311
•    Percent Increase (taxable value) – 7.44%
•    Total Parcel Count – 33,669
•    Total Tangible Accounts – 3,791
 

2019 Tax Year: Municipality | Market Value

Boca Raton  | 31,427,954,923
Palm Beach  | 24,121,409,882
West Palm Beach  | 18,665,069,242
Palm Beach Gardens   | 15,341,427,220
Jupiter  | 14,649,725,324
Delray Beach  | 14,529,200,307
Wellington  | 12,369,788,903
Boynton Beach   | 8,628,269,590
Riviera Beach  | 6,255,924,122
Royal Palm Beach  | 4,306,981,859