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.

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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

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.

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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 Cheapest Places To Live In Florida
  • 10 Worst Places To Live In Florida
  • 10 Safest Places In Florida
  • Detailed List Of The Richest Cities In Florida

    City Rank Median Income
    Palm Beach 1 $115,050
    Belle Isle 2 $75,135
    Pinecrest 3 $130,900
    Coral Gables 4 $91,452
    Key Biscayne 5 $124,504
    Surfside 6 $72,266
    Gulf Breeze 7 $98,308
    Parkland 8 $128,292
    Longboat Key 9 $87,201
    Palm Beach Gardens 10 $72,805
    Destin 11 $68,078
    Lake Mary 12 $90,930
    St. Augustine Beach 13 $77,517
    Marco Island 14 $73,559
    Miami Shores 15 $101,047
    Jupiter 16 $76,687
    Cooper City 17 $92,388
    Naples 18 $84,830
    Lighthouse Point 19 $77,105
    North Palm Beach 20 $61,217
    Jacksonville Beach 21 $64,580
    Satellite Beach 22 $63,170
    Royal Palm Beach 23 $68,091
    Oviedo 24 $82,402
    Miami Lakes 25 $72,225
    Atlantic Beach 26 $70,921
    Palmetto Bay 27 $105,316
    Wellington 28 $83,270
    Minneola 29 $56,787
    Neptune Beach 30 $74,286
    Tequesta 31 $54,730
    Fort Myers Beach 32 $59,416
    Maitland 33 $64,144
    Sanibel 34 $102,956
    Panama City Beach 35 $53,251
    Weston 36 $93,883
    Newberry 37 $62,325
    Cutler Bay 38 $66,929
    Plantation 39 $67,510
    Boca Raton 40 $72,970
    Niceville 41 $60,497
    Winter Garden 42 $60,626
    Winter Park 43 $62,699
    Treasure Island 44 $62,660
    Doral 45 $74,174
    Southwest Ranches 46 $90,558
    Venice 47 $52,471
    St. Pete Beach 48 $65,960
    Safety Harbor 49 $61,603
    North Bay Village 50 $55,270
    Pembroke Pines 51 $62,702
    Lynn Haven 52 $59,948
    Cocoa Beach 53 $52,473
    Miami Springs 54 $54,750
    Key West 55 $58,494
    Aventura 56 $55,891
    Wilton Manors 57 $53,642
    Ocoee 58 $61,766
    Seminole 59 $48,364
    Sunny Isles Beach 60 $52,060
    Winter Springs 61 $62,372
    Miramar 62 $64,632
    Groveland 63 $54,267
    Coral Springs 64 $67,702
    Macclenny 65 $53,491
    Mount Dora 66 $49,910
    West Melbourne 67 $59,089
    Davie 68 $61,704
    West Miami 69 $43,233
    Bay Harbor Islands 70 $61,225
    Oldsmar 71 $54,506
    Alachua 72 $55,139
    New Smyrna Beach 73 $50,233
    Dunedin 74 $45,646
    Coconut Creek 75 $55,451
    Clermont 76 $56,037
    Temple Terrace 77 $55,770
    Marathon 78 $51,286
    Port Orange 79 $46,364
    Bonita Springs 80 $58,415
    Apopka 81 $60,273
    Edgewater 82 $46,027
    Orange Park 83 $49,869
    Kenneth City 84 $41,486
    Ormond Beach 85 $48,978
    North Port 86 $53,815
    Lauderdale-By-The-Sea 87 $52,540
    Mascotte 88 $43,472
    Miami Beach 89 $47,216
    Debary 90 $48,909
    Rockledge 91 $57,054
    Altamonte Springs 92 $49,947
    Tamarac 93 $44,399
    Longwood 94 $57,121
    Punta Gorda 95 $56,119
    Palm Coast 96 $49,207
    Fernandina Beach 97 $53,622
    High Springs 98 $47,401
    Valparaiso 99 $51,563
    Hialeah Gardens 100 $43,576

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