Richest Cities In Florida (2023)

FAQs

What is Florida's wealthiest city? ›

The richest city in Florida is Palm Beach. The median household income in Palm Beach is $169,500. It's also the Florida city with the most billionaires, with an estimated 30 billionaires living in Palm Beach as of 2022.

The richest county in Florida is St. Johns County with the highest median household income of $83,000 in the entire state. Located in the northeastern part of Florida, St. Johns County has a population of 273,000 people.

Miami, Florida, which includes the city and the island of Miami Beach came in the number one spot on the list. The Henley and Partner's report stated that during December 2022, there were over 800 centi-millionaires with homes in the Florida city.

Florida State Road A1A (South Ocean Boulevard), in Palm Beach, Florida. Billionaires Row (Phoenix), in the Central Avenue Corridor, Phoenix, Arizona.

1. MIAMI. At the top of this is Miami, which still remains the economic powerhouse of Florida.

Mount Dora is a beautiful lakefront town in central Florida, known for antique shops, estate jewelry and artwork. Outdoor cafés, gourmet restaurants, galleries and wineries line the downtown area. Founded by homesteaders in 1874, Mount Dora showcases 19th-century clapboard houses and a country-living, slow-paced style.

Some 318,855 people moved to Florida in 2022, a population gain of almost 2%. Cities like Ocala and Tallahassee were among the most popular ones for movers. Deltona and Miami also saw a large influx of residents.

Other wealthy sectors include food and drink, fashion and retail, and media and entertainment. Stacker compiled a list of the richest billionaires that are residents of Florida, using data from Forbes. Billionaires are ranked by net worth as of December 11. Forbes lists 80 billionaires in Florida.

What is the number one poorest city in Florida? ›

More high-earners moved to Florida than to any other state between 2019 and 2020, per an analysis by SmartAsset of IRS data. It found that Florida saw a net influx of 20,263 households earning over $200,000 a year—nearly four times how many high-earners decamped to Texas, the second-most popular destination.

Florida was ranked as one of the states with the highest income threshold. According to the report, residents of Florida must make $678,800 to be in the top 1% of the state.

Other wealthy sectors include food and drink, fashion and retail, and media and entertainment. Stacker compiled a list of the richest billionaires who are residents of Florida, using data from Forbes. Billionaires are ranked by net worth as of March 24. Forbes lists 79 billionaires in Florida.

New York City came out on top of the world's wealthiest cities list with 340,000 millionaires, ahead of Tokyo with 290,300, and San Francisco's Bay Area with 285,000. San Francisco had the most billionaires, with 63, compared with New York's 58.

Inside a $218 million private island in Palm Beach — Florida's most expensive home for sale.

Austin Russell, the 26-year-old CEO of Luminar, was listed by Forbes in 2021 as the youngest American billionaire.

Bill Gates House Wellington FL (Current)

Bill Gates daughter is an equestrian, so it's only fitting that in 2013 he bought a 4.8-acre property in Wellington, FL for $8.7 million. The 7,234-square-foot home has 4 bedrooms and 6 bathrooms, as well as a separate 20-stall barn.

What's the fastest growing city in Florida? ›

Gulfport Is One Of The Friendliest Cities In Florida.

What part of Florida has the nicest beaches? Florida's Gulf Coast, specifically the Suncoast, has the nicest beaches in Florida with its white sand beaches and crystal blue water.

The only debate worth having is which side of Florida has the best beaches. The Atlantic coast has plenty to offer in the way of water sports. They get the better waves and, thus, some greater action. Florida's Gulf Coast, however, is responsible for those visions of smooth, sandy beaches and crystal, clear water.

Venice also is a Florida Main Street City – its downtown graced by northern Italian architecture and beautifully landscaped boulevards that date to the original city plans of 1925 and reminiscent of the Italian city of Venice whose name it borrowed.

Sarasota is attracting the wealthy at the second-highest per capita rate in the country—only mega-wealthy Naples to our south ranks higher. In October, Sarasota had 364 homes on the market listed at over $1 million, placing it in the top 20 luxury home markets in the nation.

Forbes just released their 2023 list of the wealthiest people on the planet and it features seven billionaires in Naples. When you think of Naples, you think of money. If you've ever wondered just how many billionaires live there, Forbes just released their 2023 list of the richest people on the planet.

The Miami metro area experienced the largest inbound gains from movers compared with prepandemic levels, with moves increasing by nearly 60 percent in 2022 compared with 2019.

Where are people moving to? Based on migration data from the U.S. Census Bureau, Americans are moving to Austin, Texas; Raleigh, North Carolina; Orlando, Florida; Dallas, Texas; and Phoenix, Arizona. The most moved-to cities are based on percentage increases in population since 2010.

Where are most Americans moving to? ›

Florida (318,855), Texas (230,961), and the Carolinas – North Carolina (99,796) and South Carolina (84,030) – were the states with the most net domestic migration gains in 2022. Positive net domestic migration and positive net international migration significantly boosted population growth in these areas.

Forbes has named the richest people in the 50 largest U.S. cities, including Orlando. It's not a big surprise, but it's of interest that David Siegel, CEO and founder of Westgate Resorts, is getting the nod for the Orlando metro area. According to Forbes, Siegel, 81, is "self-made" and worth $900 million.

Three Florida women have made the Forbes inaugural list of the nation's 50 richest self-made women. Neerja Sethi tops the list of Florida's wealthy ladies. She's tied at number 14 with a net worth of $1.1 billion. Sethi lives in the posh Fisher Island just outside of Miami.

As of March 2022, California was the U.S. state with most billionaires, with 186 billionaires calling the state home. New York was second, with 135 resident billionaires which was a larger jump over third-placed Florida, with 78.

According to the data, Florida's poorest city is University! Located in Hillsborough County, this community is located right next to the University of South Florida in Tampa. Locals often call it "Suitcase City" since many people don't live there for long or are temporary residents.

Key West is the southernmost city in the contiguous United States and the westernmost island connected by highway in the Florida Keys.

Florida is the least affordable place to live in the U.S. - CBS News.

Job growth in Florida and New York

And the state's three main metro areas — Tampa, Orlando, and Miami-Fort Lauderdale — have also seen their economies boom thanks to the growth of industries like finance and healthcare. This has helped drive low unemployment rates and higher-than-average wage growth in those metros.

In more recent years, as the growth in remote work has allowed many Americans to live wherever they want, warmer temperatures and the lack of an income tax are among the perks drawing millions to the state.

What is the top 5% income in Florida? ›

Based on that figure, an annual income of $500,000 or more would make you rich. The Economic Policy Institute uses a different baseline to determine who constitutes the top 1% and the top 5%. For 2021, you're in the top 1% if you earn $819,324 or more each year.

Boca Raton is a wealthy community on the southeast portion bordering Palm Beach County and a short distance from Miami and Fort Lauderdale - more sun and more beach.

Ken Griffin. Ken Griffin, the founder of multinational hedge fund Citadel, instantly became the richest person in Florida when he brought his reported $29 billion fortune to Miami this year.

1. Atherton, CA. The richest city in the US is Atherton, California. It has a median household income of $450,690, which is almost seven times higher than the average American household income of $69,021.

The richest states in the US are New York, Massachusetts, Washington, California, North Dakota, Connecticut, Delaware, Alaska, Nebraska, and Illinois. The richest state in America is New York, with a GDP per capita of $96,502.

New York City wears the crown as the world's top city with the most millionaires in 2023.

Top 10 countries wealthy people choose to live in. People with $1 million or more are more likely to move to Australia, the US, Switzerland, Canada and Singapore. In 2020, immigration declined because of the pandemic, with many cosmopolitans postponing their move due to documentation problems and closed borders.

Which city has most billionaires? ›

New York's per-capita income remains much higher than Florida's. New York also boasts lower crime rates and more residents with health insurance. Florida's homeless population has fallen by more than 50 percent since 2007, while New York's has grown by almost 50 percent.

With 186 billionaires, California leads the country with the most ultra-wealthy residents. These billionaires mainly come from the technology and entertainment industries. California's wealthiest resident in 2022 was Larry Page.