These Are The 10 Richest Cities In Florida For 2018

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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:

Palm Beach (Photos | Homes For Sale)
Belle Isle (Photos | Homes For Sale)
Pinecrest (Photos | Homes For Sale)
Coral Gables (Photos | Homes For Sale)
Key Biscayne (Photos | Homes For Sale)
Surfside (Photos | Homes For Sale)
Gulf Breeze (Photos | Homes For Sale)
Parkland (Photos | Homes For Sale)
Longboat Key (Photos | Homes For Sale)
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

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

Richest States In America

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

Source: Wikipedia User Michael Kagdis | CC BY-SA 3.0

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

Source: Wikipedia User Michael Rivera | CC BY-SA 4.0

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

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

Source: Wikipedia User Averette | CC BY 3.0

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

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

Source: Wikipedia User | GFDL

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

Source: Wikipedia User Sunpowerpack | CC BY-SA 3.0

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

Source: Flickr User digitalbookmobile | CC BY 2.0

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

Source: Wikipedia User Ebyabe | GFDL

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

Source: Wikipedia User Farragutful | CC BY-SA 4.0

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