- 691,777 employers
- 8.70 million employees
- $963 average weekly wage
- The average weekly wage is 12.5% below the national average
- The cost of living is 1.1% below the national average
Types of Employers (Private Sector vs. Government Agency)
As an employer in Florida, you are most likely to be running a private company rather than a government agency. 99.1% of employers run private companies in the state, 2.1% higher than the national average. The remaining 0.9% of employers are government agencies: 0.3% of employers are federal agencies, 0.4% are state agencies and 0.2% are local government agencies. The chart below illustrates this breakout.
87.7% of employees work for a private company. This is 2.5% higher than the national average of 85.2%. Local government agencies employ 8.1% of the workers in the state, state government agencies employ 2.6% of the workers and the federal government employs 1.6%. The percentage of employees working for a government agency (12.3%) is 2.5% lower than the national average.
The average pay in the state is $963, which is 12.5% lower than the national average of $1,101. Florida workers that are employed by private businesses earn $951 per week, 13.5% lower than the national average for private company employees. Employees of federal government agencies in Florida earn $1,505 per week, a premium of 58.3% compared to what employees of private companies earn. The chart below illustrates the average weekly by type of employer.
Leading Sectors & Industries
The sector with the greatest number of businesses in the state is Professional services with 15.2% of the businesses in the state. Retail trade (11.9%) and Construction (10.3%) round out the top 3 sectors. The sector that employs the greatest number of workers is Retail trade which employs 14.8% of all workers, followed by Healthcare and Accommodation and food services which account for 14.7% and 13.0% of private company employees. The table below illustrates the number of businesses by sector:
|Professional and technical services||104,267||15.2%|
|Health care and social assistance||65,302||9.5%|
|Other services, except public administration||55,700||8.1%|
|Administrative and waste services||52,773||7.7%|
|Accommodation and food services||45,918||6.7%|
|Real estate and rental and leasing||39,040||5.7%|
|Finance and insurance||34,317||5.0%|
|Transportation and warehousing||17,148||2.5%|
|Arts, entertainment, and recreation||10,707||1.6%|
|Agriculture, forestry, fishing and hunting||4,892||0.7%|
|Management of companies and enterprises||4,890||0.7%|
|Mining, quarrying, and oil and gas extraction||402||0.1%|
The table below lists the sectors with the greatest number of employees:
|Health care and social assistance||1,125,214||14.7%|
|Accommodation and food services||993,734||13.0%|
|Administrative and waste services||686,006||9.0%|
|Professional and technical services||570,894||7.5%|
|Finance and insurance||382,342||5.0%|
|Other services, except public administration||279,074||3.7%|
|Transportation and warehousing||274,986||3.6%|
|Arts, entertainment, and recreation||232,511||3.0%|
|Real estate and rental and leasing||188,042||2.5%|
|Management of companies and enterprises||107,784||1.4%|
|Agriculture, forestry, fishing and hunting||68,307||0.9%|
|Mining, quarrying, and oil and gas extraction||4,142||0.1%|
The table below is ordered by the average weekly wage for each sector:
|Management of companies and enterprises||$2,146|
|Finance and insurance||$1,676|
|Professional and technical services||$1,504|
|Mining, quarrying, and oil and gas extraction||$1,383|
|Transportation and warehousing||$1,038|
|Health care and social assistance||$1,001|
|Real estate and rental and leasing||$986|
|Arts, entertainment, and recreation||$753|
|Administrative and waste services||$738|
|Other services, except public administration||$700|
|Agriculture, forestry, fishing and hunting||$624|
|Accommodation and food services||$438|
Each broad sector is made up of specific industries. In Florida the industry with the most businesses is Restaurants and other eating places (with 36,351 businesses employing 741,050 workers). The next two industries are Management consulting services and Offices of physicians. Here are the industries with the most businesses in the state:
|Detailed Industry||# Biz||Emp/Biz|
|Restaurants and other eating places||36,351||20.4|
|Management consulting services||24,595||4.0|
|Offices of physicians||19,945||10.9|
|Offices of lawyers||17,887||4.9|
|Offices of real estate agents and brokers||15,502||2.1|
Restaurants and other eating places is the industry that employs the most workers, employing a total of 741,050 people in 36,351 businesses. On average, these employees are paid $391, 59.4% less than the state average. There are 20.4 employees on average in each of these businesses. The next largest employing industry is General medical and surgical hospitals.
|Detailed Industry||# Emp||Emp/Biz|
|Restaurants and other eating places||741,050||20.4|
|General medical and surgical hospitals||273,903||458.0|
|Offices of physicians||216,741||10.9|
|Supermarkets and other grocery stores||189,353||53.0|
|Hotels and motels, except casino hotels||182,476||47.6|
|Temporary help services||156,439||27.4|
The industry that pays the most (on an average weekly basis) is Securities and commodity exchanges. There are 31 employees working in 15 businesses. The next best paying industries are Commodity contracts brokerage and Investment banking and securities dealing.
|Detailed Industry||Wkly Wage|
|Securities and commodity exchanges||$13,064|
|Commodity contracts brokerage||$4,700|
|Investment banking and securities dealing||$4,435|
|Coal and other mineral merchant wholesalers||$3,046|
The solopreneur company, has the most businesses in Florida by far. 67.9% of all businesses in the state have fewer than 5 employees. The 660,881 small businesses in the state represent 99.0% of all private businesses. The national average is 97.4%. (Small businesses have fewer than 50 employees.) The pie chart below illustrates the ratio of business sizes.
The largest companies in the state represent 9.3% of all employees, which is 1.6% lower than the national average of 11.0%. Interestingly, the smallest companies in the state employ a higher percentage than the largest companies, this is not typical. The solopreneur (those that employ fewer than 5) companies employ 8.6% of all workers, which is 1.3% higher than the national average of 7.3%. All small companies, those employing fewer than 50 people, represent 46.8% of the labor force in the state, 3.2% more than the national average of 43.6%.
The smallest companies in Florida (those with fewer than 5 employees) pay workers 4.2% more than the national average ($1,018 per week as compared to the national average of $975 per week. The largest companies in Florida (those with more than 1,000 employees) pay 66.1% workers below the national average ($1,133 per week as compared to the national average of $1,882 per week.
This page was created and is maintained by Kurt Tietjen, Founder of Stavera, High Peak Media & HomeGearWorks.com. Kurt is an executive, data scientist and software engineer who holds an MBA in Management Information Systems. In 2010, he partnered with scientists at Northwestern University to launch The Street Wire. This was one of the first mainstream uses of what would become “Narrative Science”, an artificial intelligence platform specializing in natural language generation. You can contact Kurt on LinkedIn here.