51 Florida Business Stats & Facts For 2025

Here are 51 business stats about Florida for 2025.

Basics:

Population: 22,610,726 (US Census 2020)
Population desnity per square mile: 401.40
GDP: $1,579,503 (millions USD)
GDP Per Capita: $70,557
Median household income (in 2022 dollars): $67,917
Real GDP Growth Rate: 5.00%
Total Employment: 11.9m
Unemployment Rate: 2.7%

Rankings

% Share of National Economy: 5.77%
State Economic Growth Rank (out of 50): 4
Population Growth Rank (out of 50): 7
Business Growth Rank (out of 50): 11
State Growth Rank in Employment (out of 50): 46

Biggest Industries In Florida By Revenue

1. Professional Employer Organizations: $129.8b
2. Wireless Telecommunications Carriers: $89.6b
3. New Car Dealers: $85.1b
4. Hospitals: $78.8b
5. Health & Medical Insurance: $74.7b
6. Commercial Banking: $58.8b
7. Drug, Cosmetic & Toiletry Wholesaling: $56.5b
8. Public Schools: $54.7b
9. Supermarkets & Grocery Stores: $53.6b
10. Property, Casualty and Direct Insurance: $46.5b

Biggest Employers In Florida

1. Walmart: 115,866 (1.0%)
2. Walt Disney Co: 77,000 (0.6%)
3. Amazon.Com: 49,000 (0.4%)
4. Home Depot, Inc.: 34,206 (0.3%)
5. Miami Dade County Government: 28,000 (0.2%)
6. Orange County Public Schools: 25,168 (0.2%)
7. Hilsborough County Public Schools: 25,000 (0.2%)
8. Publix Super Markets: 22,500 (0.2%)
9. Naval Air Station Jacksonville: 19,000 (0.2%)
10. Miami-Dade County Public Schools: 16,161 (0.1%)

Small Businesses In Florida

Number of Small Businesses 3,100,000
Percent of bossiness that are small businesses: 99.80%
Number of employees: 3,600,000
Share of Employment: 39.70%
Number of New Businesses In The Past Year: 118,431
Number of Businesses That Closed In The Past Year: 78,956
Net Change In New Businesses: 39,475

Number of Businesses With No Employees: 2,651,805
Number of Businesses with 1-19 Employees: 441,182
Number of Businesses with 20-499 Employees: 39,205
Share of Businesses Owned By Women: 45.20%
Share of Businesses Owned By Veterans: 5.90%
Share of Hispanic Owned Businesses: 33.20%
Share of Businesses Owned By Racial Minorities: 19.70%

Fortune 500 Companies In Florida

Number of Fortune 500 Headquaters: 23
Biggest Company: World Fuel Services
Biggest Company Type: Energy
Number of Employees: 5,214
Revenue (in millions): $59,043

Taxes In Florida

State Corporate Tax Rate: 5.50%
State Corporate Tax Rate Brackets: $50,000

State Sales Tax Rate: 6.00%
State Sales Tax Rank (out of 50): 17
Average Local Sales Tax Rate: 1.00%
Max Local Sales Tax Rate: 2.00%
Average Combined Sales Tax Rate: 7.00%
Combined Sales Tax Rank (out of 50): 24

Minimum State Income Tax Rate If You’re Single: None
Minimum State Income Tax Rate If You’re Married: None

General Florida Population Facts

In civilian labor force, total, percent of population age 16 years+: 59.00%
In civilian labor force, female, percent of population age 16 years+: 54.60%
Share of population which is foreign born: 21.10%
Mean travel time to work (minutes), workers age 16 years+: 27.9

Housing

Number of Housing Units: 10,451,818
Owner-occupied housing unit rate: 66.90%
Median value of owner-occupied housing units: $292,200
Median gross rent per month: $1,444
Households with a computer: 95.20%
Households with a broadband Internet subscription: 88.80%

Education

High school graduate or higher, percent of persons age 25 years+: 89.30%
Bachelor’s degree or higher, percent of persons age 25 years+: 32.30%

Also See

• Florida Registered Agent Services
• Florida Secretary of State Business Search
• How To Form an LLC In Florida
• Florida Bookkeepers & Bookkeeping Services

Sources

• https://en.wikipedia.org/wiki/List_of_U.S._states_and_territories_by_GDP
• https://en.wikipedia.org/wiki/Economy_of_Florida
• https://www.ibisworld.com/united-states/economic-profiles/florida/
• https://taxfoundation.org/data/all/state/2024-sales-taxes/
• https://taxfoundation.org/data/all/state/state-corporate-income-tax-rates-brackets-2024/
• https://taxfoundation.org/data/all/state/state-income-tax-rates-2024/
• https://advocacy.sba.gov/2023/11/14/2023-small-business-profiles-for-the-states-territories-and-nation/
• https://advocacy.sba.gov/wp-content/uploads/2023/11/2023-Small-Business-Economic-Profile-FL.pdf
• https://www.bls.gov/eag/
• https://www.bls.gov/regions/southeast/florida.htm#eag
• https://www.census.gov/quickfacts/fact/table/FL,US/PST045223
• https://www.50pros.com/fortune500