The ZIP Code 33431 is associated with the city of Boca Raton in Florida in Palm Beach County in the U.S. The median household income is $81,381, while about 5% of the population is living below the poverty line. The median age in 33431 is estimated to at 39.8 years, and about 25.4% of residents are aged 62 years and older. In this Florida region, approximately 94.8% have a high school degree or higher, and the per capita income is an estimated $48,439. The current population estimate is 21,610.
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Looking at race in the population that makes up ZIP Code 33431, 97.6% is one race, while 2.4% are two or more races. Approximately 16.2% of 33431 residents are hispanic or Latino (of any race). The most common race in 33431 (race alone or in combination with one or more other races), is White (87.3%), followed by Black or African American (6.8%) .
| Industry | Percent |
|---|---|
| White | 87.3% |
| Black or African American | 6.8% |
| American Indian and Alaska Native | 0.4% |
| Asian | 3.3% |
| Native Hawaiian and Other Pacific Islander | 0.3% |
| Some other race | 4.4% |
The median household income in ZIP Code 33431 is $81,381, while the region's mean household income is $125,233. Breaking income down further, per capita income in the region is $48,439. The per capita income in ZIP Code 33431 of $48,439 is approximately 53.2% more than the per capita income in Florida overall of $31,619. An estimated 4.6% of the population is living below the poverty line in this region. This rate is approximately 51.58% lower than the overall poverty rate in the U.S. of 9.5%. Regarding household income, approximately 15.9% of the population in 33431 earn $200,000 or more per year, while an estimated 15.8% earn $100,000 to $149,999 per year, and 3.5% of 33431 residents earn $10,000 to $14,999 per year.
| Household Income | Percent |
|---|---|
| Less than $10,000 per year | 7.7% |
| $10,000 to $14,999 per year | 3.5% |
| $15,000 to $24,999 per year | 6.6% |
| $25,000 to $34,999 per year | 5.9% |
| $35,000 to $49,999 per year | 9.3% |
| $50,000 to $74,999 per year | 13.2% |
| $75,000 to $99,999 per year | 10.6% |
| $100,000 to $149,999 per year | 15.8% |
| $150,000 to $199,999 per year | 11.5% |
| $200,000 or more per year | 15.9% |
In ZIP Code 33431, 94.8% of the population graduated high school, while 53.1% have a bachelor's degree or higher. In this region, 3.4% achieved an education level less than 9th grade, while 23.2% hold a graduate or professional degree. Approximately 16.0% in this Palm Beach County region reached the highest level of high school graduate (including equivalency).
| Education Level | Percent |
|---|---|
| Less than 9th grade | 3.4% |
| 9th to 12th grade, no diploma | 1.8% |
| High school graduate (includes equivalency) | 16.0% |
| Some college, no degree | 17.9% |
| Associate's degree | 7.8% |
| Bachelor's degree | 29.9% |
| Graduate or professional degree | 23.2% |
Residents of ZIP Code 33431 are older than average. The median age of 39.8 years in ZIP Code 33431 is approximately 4.46% higher than the overall median age in the U.S. of 38.1 years. About 83.3% of residents are aged 18 years and older, and 25.4% of residents are 62 years and over. Approximately 13.3% of the population in 33431 falls in the age group 15 to 19 years, while an estimated 12.4% are aged 65 to 74 years. On the low end of the scale, 2.7% of 33431 residents are aged under 5 years.
| Age Range | Percent |
|---|---|
| Under 5 years | 2.7% |
| 5 to 9 years | 5.9% |
| 10 to 14 years | 5.3% |
| 15 to 19 years | 13.3% |
| 20 to 24 years | 7.2% |
| 25 to 34 years | 9.8% |
| 35 to 44 years | 10.7% |
| 45 to 54 years | 11.2% |
| 55 to 59 years | 6.8% |
| 60 to 64 years | 4.5% |
| 65 to 74 years | 12.4% |
| 75 to 84 years | 7.6% |
| 85 years and over | 2.8% |
In ZIP Code 33431, 71.1% of the population lists "English only" as the language spoken in home, while 14.5% of lists Spanish. Additionally, Asian and Pacific Islander languages are spoken in 10.4% of homes, and other Indo-European languages are spoken in 2.2% of homes. Lastly, 1.8% of homes list "other languages" as spoken in the home. All percentages referenced are for the population 5 years and older in this Palm Beach County region.
| Language Spoken | Percent |
|---|---|
| English only | 71.1% |
| Spanish | 14.5% |
| Other Indo-European languages | 10.4% |
| Asian and Pacific Islander languages | 2.2% |
| Other languages | 1.8% |
The median home value in ZIP Code 33431 in May 2024 comes in at $736,809. The May 2024 value is approximately 1% higher than the $727,290 median value in December 2023, and 7% higher than the $691,767 median value in June 2023. Regarding the age of homes in ZIP Code 33431, an estimated 30.6% of homes were built between 1980 and 1989. Additionally, 25.5% of homes in the region were built between 1970 and 1979, while an estimated 0.0% of homes were built in 1939 or earlier in this Palm Beach County region.
| Month | Home value |
|---|---|
| May 2024 | $736,809 |
| Apr 2024 | $734,591 |
| Mar 2024 | $732,165 |
| Feb 2024 | $730,465 |
| Jan 2024 | $729,034 |
| Dec 2023 | $727,290 |
| Nov 2023 | $722,817 |
| Oct 2023 | $717,454 |
| Sep 2023 | $710,594 |
| Aug 2023 | $704,222 |
| Jul 2023 | $698,043 |
| Jun 2023 | $691,767 |
| Year Home Built | Percent |
|---|---|
| Built in 2014 or later | 4.3% |
| Built between 2010 and 2013 | 2.0% |
| Built between 2000 and 2009 | 4.4% |
| Built between 1990 and 1999 | 9.2% |
| Built between 1980 and 1989 | 30.6% |
| Built between 1970 and 1979 | 25.5% |
| Built between 1960 and 1969 | 16.7% |
| Built between 1950 and 1959 | 6.2% |
| Built between 1940 and 1949 | 1.1% |
| Built in 1939 or earlier | 0.0% |
In 33431, 57.8% of the population is in the labor force. Recent estimates place 12.1% as working from home, while the total labor force in the region has a mean travel to time to work of 20.5 minutes. Approximately 24.4% of the employed population 16 years and over in 33431 work in educational services, and health care and social assistance, while an estimated 19.1% work in professional, scientific, management, and administrative. On the lower end of the scale, just 0.7% of 33431 workers 16 years and over work in agriculture, forestry, fishing and hunting, and mining.
| Industry | Percent |
|---|---|
| Agriculture, forestry, fishing and hunting, and mining | 0.7% |
| Construction | 6.8% |
| Manufacturing | 4.5% |
| Wholesale trade | 1.8% |
| Retail trade | 12.7% |
| Transportation and warehousing, and utilities | 3.0% |
| Information | 2.0% |
| Finance and insurance, and real estate and rental and leasing | 8.4% |
| Professional, scientific, management, and administrative | 19.1% |
| Educational services, and health care and social assistance | 24.4% |
| Arts, entertainment, and recreation, and accommodation and food services | 11.8% |
| Other services, except public administration | 3.2% |
| Public administration | 1.6% |
Regarding solar power potential, ZIP Code 33431 has an average daily solar radiation level of 5.6 kWh/m2/day. This is approximately 35.92% greater than an area in the U.S. with historically low solar radiation levels (WA), and about 15.02% less than an area in the U.S. with historically high solar radiation levels (AZ).
| Region | Residential | Commercial | Industrial |
|---|---|---|---|
| ZIP Code 33431 | 10.4¢/kWh | 8.72¢/kWh | 6.86¢/kWh |
| Florida | 14.65¢/kWh | 11.43¢/kWh | 8.85¢/kWh |
| United States | 16.88¢/kWh | 12.66¢/kWh | 7.82¢/kWh |
| Month | ZIP Code 33431 | Low (WA) | High (AZ) |
|---|---|---|---|
| Jan | 5.45 | 1.9 | 5.84 |
| Feb | 5.65 | 3 | 6.31 |
| Mar | 6.24 | 3.65 | 7.02 |
| Apr | 6.28 | 5.13 | 7.3 |
| May | 5.7 | 5.17 | 7.13 |
| Jun | 4.94 | 5.72 | 6.95 |
| Jul | 5.2 | 6.22 | 6.51 |
| Aug | 5.48 | 6.08 | 6.65 |
| Sep | 5.33 | 5.15 | 7.02 |
| Oct | 5.89 | 3.32 | 6.92 |
| Nov | 5.81 | 2.33 | 5.99 |
| Dec | 5.17 | 1.78 | 5.46 |
Regarding consumer complaints about financial products in ZIP Code 33431, credit reporting or other personal consumer reports have received the most complaints in 33431 in the past 12 months. Credit reporting or credit repair services received the second most complaints. The most frequent complaint overall in this Palm Beach County region was incorrect information on a report.
| Complaint Product | Number of Complaints* |
|---|---|
| Credit reporting or other personal consumer reports | 141 |
| Credit reporting or credit repair services | 127 |
| Debt collection | 44 |
| Checking or savings account | 23 |
| Credit card or prepaid card | 10 |
| Other | 26 |
| Complaint Issue | Number of Complaints* |
|---|---|
| Incorrect information on your report | 161 |
| Improper use of your report | 60 |
| Problem with a company's investigation into an existing problem | 37 |
| Attempts to collect debt not owed | 20 |
| False statements or representation | 15 |
| Other | 78 |