Richest Cities In Florida For 2020


We analyzed 215 places in Florida to determine where the 1% live.

Editor’s Note: Data has been updated for 2020. This is our fifth time ranking the richest cities in Florida.

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You have to be the owner of SunnyD, a lottery winner, or have a crazy good, high paying, job to live in our richest cities in Florida for 2020. If you're looking for safe cities and neighborhoods, amazing schools, large green spaces, good food, high-end shopping, with paycheck to match, you can stop your search. There are cities in the Sunshine State that have all of these amenities, and more, because they cater to the Florida "one percenters".

How does one get their hand on one of these cities? Well, a couple of things have to fall into place for you. First off, you need to find a job that pays at least $100,000/year. Might we suggest a job in healthcare in our number one richest city. Whether it's performing plastic surgery or just taking care of the snowbirds, we're sure you'll stay busy and wealthy. Did we mention that Florida does not have state income tax and that their corporate tax is super low? So creating your own business in Longboat Key might be the 'key' to your Florida success. Monetary wealth does make a city rich, but there are cities on our list that are both rich in the dollar as well as rich in amenities.

Cities like Parkland and Gulf Breeze have a park-like atmosphere, and cities like Lighthouse Point and Coral Gables have beaches that rival the Caribbean. More importantly, these cities have staycation written all over them. This means that you and your money can stay put so that you can afford to live in these fancy cities. In all seriousness, our richest cities in Florida have some of the the best schools in the country. Blue ribbon elementary schools, gold star high schools with focus in STEM, the Arts, and Aviation, and colleges like Palm Beach College, are delivering the next generation of millionaires one student at a time.

To take a closer look at the wealthiest cities in Florida for 2020, have your chef make your favorite meal and your driver deliver you to your favorite beach, and read on.

To narrow down the richest cities in Florida, we looked at several factors: poverty rate, median household income, and unemployment rate. The cities also had to have a population of at least 5,000.

There were 219 said wealthy cities in the largest state in the southeast. What was the richest city in Florida? Without further adieu, the wealthiest city in Florida for 2020 is Palm Beach.

So, if you care about living where there are great jobs and wealthy people, take a look the list below. The Sunshine State is calling.

Rich people not your cup of tea? Feel free to check out some more reading about Florida:

The 10 Richest Cities In Florida For 2020

Longboat Key, FL

Overall SnackAbility

10
/10

Population: 7,233
Rank Last Year: 2 (Up 1)
Median Income: $104,825
Unemployment Rate: 2.6%
Poverty Rate: 3.9%
More on Longboat Key: Real Estate | Data | Photos

Longboat Key is a town in Manatee and Sarasota counties along the central west coast of the U.S. state of Florida, located on and coterminous with the barrier island of the same name. Longboat Key is south of Anna Maria Island, between Sarasota Bay and the Gulf of Mexico. It is almost equally divided between Manatee and Sarasota counties. The town of Longboat Key was incorporated in 1955 and is part of the Bradenton-Sarasota-Venice Metropolitan Statistical Area.

Palm Beach, FL

Overall SnackAbility

10
/10

Population: 8,667
Rank Last Year: 1 (Down 1)
Median Income: $133,026
Unemployment Rate: 2.3%
Poverty Rate: 5.2%
More on Palm Beach: Real Estate | Data | Photos

The Town of Palm Beach is an incorporated town in Palm Beach County, Florida, United States. The Intracoastal Waterway separates it from the neighboring cities of West Palm Beach and Lake Worth. In 2000, Palm Beach had a year-round population of 10,468, with an estimated seasonal population of 30,000.

Belle Isle, FL

Overall SnackAbility

9.5
/10

Population: 6,865
Rank Last Year: 3 (No Change)
Median Income: $85,873
Unemployment Rate: 0.8%
Poverty Rate: 5.6%
More on Belle Isle: Real Estate | Data | Photos

Belle Isle is a city in Orange County, Florida, United States. The population was 5,988 at the 2010 census. It is part of the Orlando-Kissimmee-Sanford Metropolitan Statistical Area.

Parkland, FL

Overall SnackAbility

7.5
/10

Population: 30,471
Rank Last Year: 5 (Up 1)
Median Income: $146,094
Unemployment Rate: 4.0%
Poverty Rate: 4.1%
More on Parkland: Real Estate | Data | Photos

Parkland is a city in Broward County, Florida, United States.

Parkland is known for its zoning laws, which are designed to protect the "park-like" character of the city. Initially, there were no stores or traffic lights in Parkland, though this began to change in the mid 1990s and early 2000s with the additions of large neighborhood developments including Heron Bay and Parkland Isles.

Pinecrest, FL

Source: Public domain
Overall SnackAbility

7.5
/10

Population: 19,446
Rank Last Year: 4 (Down 1)
Median Income: $153,417
Unemployment Rate: 4.0%
Poverty Rate: 5.5%
More on Pinecrest: Real Estate | Data | Photos

Pinecrest is an affluent suburban village in Miami-Dade County, Florida, United States of America. The population was 18,223 as of the census of 2010. Pinecrest is governed by a five-member Village Council and operates under the Council-Manager form of government. 33156, the zip code that encompasses all of the village, has been consistently ranked as one of the most expensive in the United States.

Palm Beach Gardens, FL

Overall SnackAbility

8.5
/10

Population: 54,528
Rank Last Year: 9 (Up 3)
Median Income: $80,426
Unemployment Rate: 2.7%
Poverty Rate: 6.4%
More on Palm Beach Gardens: Real Estate | Data | Photos

Palm Beach Gardens is a city in Palm Beach County in the U.S. state of Florida. As of the 2010 United States Census, the population was 48,452. The city has a number of gated communities.

Cooper City, FL

Overall SnackAbility

9.5
/10

Population: 35,376
Rank Last Year: 13 (Up 6)
Median Income: $102,174
Unemployment Rate: 4.1%
Poverty Rate: 4.9%
More on Cooper City: Real Estate | Data | Photos

Cooper City is a city in Broward County, Florida, United States. The city is named for Morris Cooper, who founded the community in 1959.

Key Biscayne, FL

Source: Public domain
Overall SnackAbility

10
/10

Population: 13,054
Rank Last Year: 8 (No Change)
Median Income: $133,958
Unemployment Rate: 4.4%
Poverty Rate: 4.7%
More on Key Biscayne: Real Estate | Data | Photos

Key Biscayne is an island town in Miami-Dade County, Florida, United States. The population was 12,344 at the 2010 census.

Jacksonville Beach, FL

Source: Public domain
Overall SnackAbility

8.5
/10

Population: 23,203
Rank Last Year: 14 (Up 5)
Median Income: $80,026
Unemployment Rate: 3.1%
Poverty Rate: 6.9%
More on Jacksonville Beach: Real Estate | Data | Photos

Jacksonville Beach is a coastal resort city in Duval County, Florida, United States. It was incorporated on May 22, 1907 as Pablo Beach, and would later change its name to Jacksonville Beach in 1925. The city is part of group of communities collectively referred to as the Jacksonville Beaches. These communities include Mayport, Atlantic Beach, Neptune Beach, and Ponte Vedra Beach. When the city of Jacksonville consolidated with Duval County in 1968, Jacksonville Beach, together with Atlantic Beach, Neptune Beach, and Baldwin, voted to retain their own municipal governments. As a result, citizens of Jacksonville Beach are also eligible to vote in mayoral election for the City of Jacksonville. As of the 2010 census, Jacksonville Beach had a total population of 21,362.

Review Of Jacksonville Beach by HomeSnacks User

This place is very nice I love the housing and I love the beaches as well.

I love the houses and the beach also.

Lighthouse Point, FL

Overall SnackAbility

9.5
/10

Population: 11,109
Rank Last Year: 6 (Down 4)
Median Income: $81,857
Unemployment Rate: 3.6%
Poverty Rate: 6.2%
More on Lighthouse Point: Real Estate | Data | Photos

How We Determined The Richest Places In Florida For 2020

Map Of The Richest Places To Live In Florida
The first thing that comes to most people's minds when they think about determining the richest places is to simply identify personal incomes. After all, rich people have really high salaries.

However, we don't believe that one statistic wholly encompasses what it means to be one of the "richest places". So we looked at this set of criteria from the newly released 2014-2018 American Community Survey:

  • Poverty Level
  • Median Household Income
  • Unemployment Rate

Median household income is the most digestible way to understand how rich a place really is. The unemployment rate tries to capture the prospects for more people to become rich. If more people are employed, the richer the future looks.

After we collected the data for all 219 places with more than 5,000 people in Florida, we ranked each place from 1 to 219 for each of the criteria, with 1 being the richest.

We then averaged all the rankings for a place into a "Rich Score" with the place having the lowest overall Rich Score, Longboat Key, crowned the "Richest City In Florida For 2020". You can download the data here.

You can learn more about the top ten below or skip to the end to see the rankings for all 219 places.

There You Have It - The Wealthiest Places In Florida For 2020

Like we said earlier, when we set out to identify the richest places in Florida, we weren't sure what we'd encounter, but it ended up being some of the best places to live in Florida.

When you look at the data, the cities and places mentioned above meet the criteria for being at the very top of the income ladder for everyone that lives there.

If you're curious enough, here are the poorest cities in Florida, according to data:

Poorest: Belle Glade
2nd Poorest: Pahokee
3rd Poorest: Opa-locka

For more Florida reading, check out:

Detailed List Of The Richest Cities In Florida

Rank City RichScore Median Income
1 Longboat Key 5.33 $104,825
2 Palm Beach 6.67 $133,026
3 Belle Isle 12.67 $85,873
4 Parkland 15.33 $146,094
5 Pinecrest 18.33 $153,417
6 Palm Beach Gardens 18.67 $80,426
7 Cooper City 21.0 $102,174
8 Key Biscayne 22.67 $133,958
9 Jacksonville Beach 23.67 $80,026
10 Lighthouse Point 24.0 $81,857
11 Atlantic Beach 24.67 $77,468
12 Coral Gables 25.0 $100,000
13 Royal Palm Beach 25.33 $74,740
14 Sanibel 27.67 $102,135
15 North Palm Beach 28.0 $68,057
16 Oviedo 28.33 $90,482
17 Satellite Beach 28.33 $74,800
18 Miami Shores 28.67 $110,536
19 Panama City Beach 29.67 $61,481
20 Miami Lakes 30.0 $73,527
21 Jupiter 30.67 $82,543
22 Tequesta 31.67 $64,950
23 Lake Mary 32.33 $89,908
24 Lauderdale-By-The-Sea 33.0 $65,417
25 Destin 34.67 $75,486
26 Naples 36.0 $94,394
27 Marco Island 36.33 $79,157
28 Newberry 37.67 $64,831
29 Safety Harbor 37.67 $72,750
30 Winter Park 37.67 $71,749
31 Southwest Ranches 38.67 $104,083
32 Maitland 42.0 $74,199
33 Gulf Breeze 42.33 $102,970
34 North Port 45.0 $59,550
35 Boca Raton 46.33 $80,938
36 St. Augustine Beach 46.33 $88,906
37 Surfside 46.67 $86,088
38 Key West 46.67 $67,712
39 Treasure Island 48.0 $74,830
40 Wellington 48.67 $91,088
41 Niceville 49.67 $72,857
42 Cutler Bay 51.33 $72,226
43 Neptune Beach 51.67 $89,500
44 Winter Springs 52.0 $70,417
45 Wilton Manors 52.33 $64,531
46 Doral 53.67 $77,418
47 Weston 54.33 $100,110
48 Miami Springs 55.33 $59,335
49 Fort Myers Beach 56.33 $66,297
50 Venice 58.33 $57,601
51 New Smyrna Beach 59.0 $52,772
52 Palmetto Bay 59.0 $115,709
53 Plantation 60.0 $71,721
54 West Melbourne 60.33 $67,864
55 Winter Garden 61.0 $64,683
56 North Bay Village 64.67 $55,000
57 Sunny Isles Beach 66.0 $55,209
58 Miramar 66.33 $70,005
59 Lynn Haven 66.33 $62,535
60 Ormond Beach 66.67 $52,509
61 Pembroke Pines 66.67 $66,816
62 Coconut Creek 67.0 $58,627
63 Ocoee 68.67 $70,472
64 Debary 70.0 $57,323
65 Clermont 70.67 $58,804
66 Bonita Springs 71.0 $62,287
67 Aventura 71.33 $63,131
68 Valparaiso 71.33 $55,882
69 Kenneth City 73.33 $47,616
70 St. Pete Beach 73.67 $75,912
71 Marathon 75.67 $53,866
72 Temple Terrace 76.33 $60,908
73 Davie 76.67 $66,951
74 Seminole 77.0 $48,051
75 Coral Springs 77.0 $74,371
76 Indian Harbour Beach 77.67 $62,518
77 Oldsmar 79.67 $59,015
78 Cocoa Beach 83.33 $58,453
79 Port St. Lucie 84.0 $57,113
80 Edgewater 84.33 $49,693
81 Fernandina Beach 85.0 $59,234
82 Dunedin 85.33 $48,452
83 Tamarac 86.0 $49,423
84 Minneola 86.33 $56,961
85 Rockledge 86.67 $66,280
86 High Springs 87.67 $58,189
87 Apopka 88.0 $61,558
88 Miami Beach 88.0 $53,348
89 Palm Coast 89.67 $53,820
90 Hialeah Gardens 90.67 $48,026
91 Alachua 91.33 $59,816
92 Longwood 92.0 $62,192
93 Punta Gorda 92.67 $61,598
94 Bay Harbor Islands 94.67 $73,639
95 Cape Coral 95.0 $57,125
96 Groveland 95.67 $59,783
97 Cape Canaveral 96.67 $46,597
98 Green Cove Springs 98.33 $55,486
99 Port Orange 101.33 $50,418
100 Milton 102.0 $55,848

How Is The Area In ?

About Chris Kolmar

Chris Kolmar has been in the real estate business for almost ten years now. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks.

He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move.

If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already.

You can find out more about him on LinkedIn or his website.

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