Do Wharton Students Know What the Average Income Is in South Florida? Probably Not. - S. Florida Business & Wealth

Do Wharton Students Know What the Average Income Is in South Florida? Probably Not.

“I asked Wharton students what they thought the average American worker makes per year and 25% of them thought it was over six figures. One of them thought it was $800k. Really not sure what to make of this (The real number is $45k),” tweeted Nina Strohminger, a professor of legal studies and business ethics at the Wharton School of the University of Pennsylvania.

“Oh good,” she tweeted the next day. “I went viral.” The story has indeed become viral.

It appears that these particular Ivy League students are way out of touch.

According to the U.S. Bureau of Labor Statistics, the average annual income in the United States in 2020 was $56,310, while the median income was $67,521.

Different data gatherers use different methodologies, but the bean counters at salary expert came up with $57,271 as the average base salary in Florida in 2020. A survey by Dayton State put that number at $55,833, with Miami-Dade at $60,859; Broward at $58,998; and Palm Beach County—the #1 ranking Florida county—at $61,745.

According to the same survey, Florida’s #2 county, besting Miami-Dade by a hair, was Hillsborough, home to Tampa, with an average income of $60,962. All four counties scored above the national average.

You May Also Like
Unlocking Dreams

Habitat for Humanity of Greater Palm Beach County’s Women Build 2026 Marks 40 Years of Impact

Read More
A person wearing a pink hard hat and shirt uses a hammer while working on a wooden structure outdoors, with others in similar attire working in the background. South Florida Business & Wealth
One Hour a Week Can Change a Life

Join John Offerdahl’s Mission to Feed Broward’s Seniors.

Read More
National Philanthropy Day

Celebrating the spirit of giving for 38 years and counting.

Read More
Pickleball with a Purpose

Transworld Business Advisors Brings Fun and Community to Local Kids

Read More
Other Posts
Zuckerberg’s Billionaire Bunker Buy

The Meta founder joins South Florida’s most rarefied enclave with a reported $150–$200 million Indian Creek Island estate.

Read More
Aerial view of a green golf course on an island surrounded by blue water, with trees, sand traps, and several buildings, set against a city skyline in the background under a partly cloudy sky. South Florida Business & Wealth
Back on the Retail Court

Raanan Katz drops $36 million on a Fort Lauderdale shopping center as Broward’s retail market holds firm.

Read More
A grayscale image of an older man in a polo shirt is in the foreground, with large, aerial views of a shopping mall and its parking lot in the background. The mall roofs are highlighted in yellow. South Florida Business & Wealth
The Entrepreneur’s Edge

How Smart Legal Strategies Safeguard Companies, Families, and Legacies.

Read More
A drawing shows a balanced scale: one side holds a red heart and a gold ring, the other side holds a building. The scale stands on a document labeled "PRENUPTIAL AGREEMENT. South Florida Business & Wealth
The Business of Care

Silvia M. Quintana, CEO of Broward Behavioral Health Coalition, on growth, governance, and why mental health is a strategic imperative

Read More