These Are The 10 Richest Cities In Florida For 2018


We analyzed over 455 places in Florida to determine where the 1% live.

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Palm Beach, Belle Isle, Pinecrest: These cities aren’t just some of the best places to live in Florida. They are also home to some of the richest people in the Sunshine State.

Palm Beach in particular houses the richest residents in the state thanks, in part, to a median household income of $115,050 and a ridiculously low poverty rate of 5.4%.

If you’re thinking of moving to one of these towns, you’ll probably need to start saving. The richest places in Florida share common characteristics such as having a genius level populous, sky high home prices, and a Pleasantville level of married couples.

How did we come up with these mega wealthy cities? We analyzed Census data from the 2012-2016 American Community Survey for the 217 places in Florida with more than 5,000 people.

At the end of the day, here’s the set of the 10 richest places in Florida for 2018:

  1. Palm Beach (Photos | Homes For Sale)
  2. Belle Isle (Photos | Homes For Sale)
  3. Pinecrest (Photos | Homes For Sale)
  4. Coral Gables (Photos | Homes For Sale)
  5. Key Biscayne (Photos | Homes For Sale)
  6. Surfside (Photos | Homes For Sale)
  7. Gulf Breeze (Photos | Homes For Sale)
  8. Parkland (Photos | Homes For Sale)
  9. Longboat Key (Photos | Homes For Sale)
  10. Palm Beach Gardens (Photos | Homes For Sale)

For more on how we calculated the top ten, read on or skip to the end for the full list of the richest cities in Florida.

Rich people not your cup of tea? Feel free to check out the best places to live in Florida or the poorest.

How We Determined The Richest Places In Florida For 2018

Map Of The Richest Cities 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 2012-2016 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 217 places with more than 5,000 people in Florida, we ranked each place from 1 to 217 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, Palm Beach, crowned the “Richest Place In Florida For 2018”.

You can learn more about the top ten below or skip to the end to see the rankings for all 217 places.

1. Palm Beach

Palm Beach, Florida

Population: 8,501
Median Income: $115,050
Unemployment Rate: 2.3%
Poverty Rate: 5.4%
More on Palm Beach: Homes For Sale | Data
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.

2. Belle Isle

Belle Isle, Florida

Population: 6,542
Median Income: $75,135
Unemployment Rate: 3.5%
Poverty Rate: 2.7%
More on Belle Isle: Homes For Sale | Data
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.

3. Pinecrest

Pinecrest, Florida

Source: Public domain

Population: 19,272
Median Income: $130,900
Unemployment Rate: 4.7%
Poverty Rate: 5.4%
More on Pinecrest: Homes For Sale | Data
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.

4. Coral Gables

Coral Gables, Florida

Population: 50,533
Median Income: $91,452
Unemployment Rate: 3.9%
Poverty Rate: 7.5%
More on Coral Gables: Homes For Sale | Data
Coral Gables (/krl eblz/), officially the City of Coral Gables, is a city in Miami-Dade County, Florida, United States, located southwest of Downtown Miami. The United States Census Bureau estimates conducted in 2013 yielded the city had a population of 49,631. Coral Gables is home to the University of Miami.

5. Key Biscayne

Key Biscayne, Florida

Source: Public domain

Population: 12,935
Median Income: $124,504
Unemployment Rate: 4.7%
Poverty Rate: 7.0%
More on Key Biscayne: Homes For Sale | Data
Key Biscayne is an island town in Miami-Dade County, Florida, United States. The population was 12,344 at the 2010 census.

6. Surfside

Surfside, Florida

Population: 5,810
Median Income: $72,266
Unemployment Rate: 3.7%
Poverty Rate: 6.7%
More on Surfside: Homes For Sale | Data

7. Gulf Breeze

Gulf Breeze, Florida

Population: 6,205
Median Income: $98,308
Unemployment Rate: 5.3%
Poverty Rate: 6.4%
More on Gulf Breeze: Homes For Sale | Data

8. Parkland

Parkland, Florida

Population: 28,354
Median Income: $128,292
Unemployment Rate: 5.8%
Poverty Rate: 3.5%
More on Parkland: Homes For Sale | Data

9. Longboat Key

Longboat Key, Florida

Population: 7,158
Median Income: $87,201
Unemployment Rate: 5.3%
Poverty Rate: 5.6%
More on Longboat Key: Homes For Sale | Data
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.

10. Palm Beach Gardens

Palm Beach Gardens, Florida

Population: 51,865
Median Income: $72,805
Unemployment Rate: 5.0%
Poverty Rate: 6.2%
More on Palm Beach Gardens: Homes For Sale | Data
Palm Beach Gardens is a city in Palm Beach County in the U.S. state of Florida. As of the 2010 United States Census[update], the population was 48,452. The city has a number of gated communities.

There You Have It – The Wealthiest Places In Florida For 2018

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: Florida City
2nd Poorest: Marianna
3rd Poorest: Avon Park

For more Florida reading, check out:

  • 10 Worst Places To Live In Florida
  • 10 Cheapest Places To Live In Florida
  • The Most and Least Diverse Cities In Florida
  • Detailed List Of The Richest Cities In Florida

    Rank City RichScore Median Income
    1 Palm Beach 3.83 $115,050
    2 Belle Isle 8.33 $75,135
    3 Pinecrest 10.33 $130,900
    4 Coral Gables 14.33 $91,452
    5 Key Biscayne 15.33 $124,504
    6 Surfside 16.0 $72,266
    7 Gulf Breeze 19.5 $98,308
    8 Parkland 19.83 $128,292
    9 Longboat Key 19.83 $87,201
    10 Palm Beach Gardens 22.5 $72,805
    11 Destin 22.5 $68,078
    12 Lake Mary 22.83 $90,930
    13 St. Augustine Beach 23.0 $77,517
    14 Marco Island 23.0 $73,559
    15 Miami Shores 24.33 $101,047
    16 Jupiter 24.5 $76,687
    17 Cooper City 25.83 $92,388
    18 Naples 26.67 $84,830
    19 Lighthouse Point 27.0 $77,105
    20 North Palm Beach 27.33 $61,217
    21 Jacksonville Beach 27.67 $64,580
    22 Satellite Beach 27.67 $63,170
    23 Royal Palm Beach 27.83 $68,091
    24 Oviedo 28.33 $82,402
    25 Miami Lakes 29.0 $72,225
    26 Atlantic Beach 33.33 $70,921
    27 Palmetto Bay 36.0 $105,316
    28 Wellington 36.0 $83,270
    29 Minneola 36.83 $56,787
    30 Neptune Beach 38.5 $74,286
    31 Tequesta 38.83 $54,730
    32 Fort Myers Beach 39.83 $59,416
    33 Maitland 40.33 $64,144
    34 Sanibel 41.83 $102,956
    35 Panama City Beach 43.33 $53,251
    36 Weston 44.5 $93,883
    37 Newberry 46.33 $62,325
    38 Cutler Bay 47.67 $66,929
    39 Plantation 48.17 $67,510
    40 Boca Raton 48.17 $72,970
    41 Niceville 49.83 $60,497
    42 Winter Garden 50.33 $60,626
    43 Winter Park 51.17 $62,699
    44 Treasure Island 51.67 $62,660
    45 Doral 51.83 $74,174
    46 Southwest Ranches 52.67 $90,558
    47 Venice 52.83 $52,471
    48 St. Pete Beach 53.17 $65,960
    49 Safety Harbor 54.83 $61,603
    50 North Bay Village 55.0 $55,270
    51 Pembroke Pines 57.83 $62,702
    52 Lynn Haven 58.0 $59,948
    53 Cocoa Beach 58.67 $52,473
    54 Miami Springs 60.17 $54,750
    55 Key West 60.33 $58,494
    56 Aventura 61.67 $55,891
    57 Wilton Manors 61.83 $53,642
    58 Ocoee 62.17 $61,766
    59 Seminole 62.17 $48,364
    60 Sunny Isles Beach 63.0 $52,060
    61 Winter Springs 65.0 $62,372
    62 Miramar 68.33 $64,632
    63 Groveland 70.83 $54,267
    64 Coral Springs 72.33 $67,702
    65 Macclenny 72.33 $53,491
    66 Mount Dora 72.83 $49,910
    67 West Melbourne 73.17 $59,089
    68 Davie 73.67 $61,704
    69 West Miami 74.17 $43,233
    70 Bay Harbor Islands 74.5 $61,225
    71 Oldsmar 76.17 $54,506
    72 Alachua 76.33 $55,139
    73 New Smyrna Beach 77.5 $50,233
    74 Dunedin 77.67 $45,646
    75 Coconut Creek 78.33 $55,451
    76 Clermont 78.5 $56,037
    77 Temple Terrace 79.5 $55,770
    78 Marathon 81.33 $51,286
    79 Port Orange 81.5 $46,364
    80 Bonita Springs 82.0 $58,415
    81 Apopka 83.0 $60,273
    82 Edgewater 83.33 $46,027
    83 Orange Park 84.67 $49,869
    84 Kenneth City 84.83 $41,486
    85 Ormond Beach 85.33 $48,978
    86 North Port 86.17 $53,815
    87 Lauderdale-By-The-Sea 86.33 $52,540
    88 Mascotte 87.5 $43,472
    89 Miami Beach 87.83 $47,216
    90 Debary 88.33 $48,909
    91 Rockledge 89.67 $57,054
    92 Altamonte Springs 89.67 $49,947
    93 Tamarac 92.17 $44,399
    94 Longwood 95.83 $57,121
    95 Punta Gorda 97.17 $56,119
    96 Palm Coast 97.17 $49,207
    97 Fernandina Beach 99.67 $53,622
    98 High Springs 100.33 $47,401
    99 Valparaiso 101.5 $51,563
    100 Hialeah Gardens 101.5 $43,576

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