Tuscan golf courses intersect with alligator-infested ponds across this wild state, but do not let those reptiles fool you—Florida knows how to live it posh. The gentle hills of this shockingly flat state provided ample opportunity for historic developers to design dream cities, and even Walt Disney himself tried to get in on that action. Several of those investment opportunities accomplished their goals and successfully tamed the Florida Jungle into a resort for the rich. The following cities possess populations over 50,000, which guarantees that something interesting is occurring at all hours, as well as the top median household incomes in the state.
7 Richest Cities In Florida
- Weston — $122,929
- Palm Beach Gardens — $99,734
- Wellington — $98,163
- Jupiter — $94,121
- Boca Raton — $89,776
- Alafaya — $85,056
- Coral Springs — $81,944
Weston — $122,929
Weston has only recently been a magnet for affluent individuals. Before and up until the 1940s, the indigenous Seminole people inhabited it for 4,000 years. Weston's history of wealth generation dates to the mid-20th century when the city's strategically-chosen location near Fort Lauderdale provided ample opportunities for trade and commerce. It does not hurt that the Everglades it sits next to is still as stunning today as it was then. Currently, the median household income in Weston is a whopping $122,929.
In the '50s, Weston emerged from the same creative genius that developed Walt Disney World. The presence of an array of opulent mansions and homes designed by famed architects further testified to the affluence of its residents. Moreover, the city's financial dominance has been linked to the track records of its leaders, alongside its accumulation of workers in financial industries.One of Weston's most luxurious locations is the Weston Town Center which hosts artisanal shops and salons. This destination is legendary for its mix of classic car rallies and wine-tasting events, alongside craft shows and fine dining.
Palm Beach Gardens — $99,734
Palm Beach Gardens was a vast cattle ranch until John D. MacArthur, a wealthy insurance magnate, purchased the property in the late 1950s. MacArthur planned and developed the city by envisioning an upscale, residential, and commercial community. Situated in Palm Beach County, the location offered easy access to other regions such as Palm Beach and West Palm Beach. Additionally, Palm Beach Gardens provided access to the Atlantic coast with a priceless waterfront. The influence of that cash influx is evident in the city's median household income of $99,734.
One of the most notable locations in Palm Beach Gardens is the BallenIsles Country Club. This private club, originally the PGA National Golf Club, has three championship golf courses, world-class tennis facilities, and a modern fitness center. Another epitomizing location is The Gardens Mall. With over 1.4 million square feet of retail space, the mall houses brands such as Chanel, Gucci, and Louis Vuitton. Its architecture, landscaping, and art collections create a shopping experience for high-end clientele.
Wellington — $98,163
Wellington, a prestigious suburban community in Palm Beach County, boasts an impressive financial landscape. Established in the mid-20th century, its transformation from a sleepy farming area into a residential enclave can be attributed to two factors: the development of equestrian facilities and the development of gated communities.
In the 1970s, the village's equestrian scene took shape when founder Charles Oliver Wellington set aside large tracts of land specifically for equestrian purposes. This idea paved the way for Wellington to become an internationally recognized equestrian destination. Today, the village hosts the Winter Equestrian Festival, a 12-week event attracting competitors and spectators from around the globe. As a result, the equestrian industry generates millions of dollars annually for the local economy and appeals to high-net-worth individuals seeking equestrian properties. That net worth is apparent in the town's median household income of $98,163.
In response to the influx of type-A residents, developers invested in and built private communities with expensive homes, such as the exclusive Palm Beach Polo & Country Club and the upscale Versailles neighborhood. These properties include security and amenities like golf courses, tennis courts, and private clubhouses. Overall, Wellington has managed to attract celebrities, professional athletes, and successful entrepreneurs.
Jupiter — $94,121
Jupiter Town rests along the Loxahatchee River, close to the Atlantic Ocean. In the early 20th century, Jupiter's coastline, coupled with the development of the Jupiter and Lake Worth Railway, enticed wealthy northerners seeking a winter escape (otherwise known as "snowbirds"). The town's flourishing economy mainly stems from diverse industries, including tourism, marine activities, and real estate. Jupiter's real estate market offers a variety of waterfront properties, convincing wealthy buyers with scenic views, private docks, and easy access to the Atlantic Ocean. These residents, with a median household income of $94,121, contribute to the town's economic well-being by creating and investing in local businesses.
Jupiter Inlet Colony, a small coastal community, exposes some of the most opulent residences in the area. Its gated entrance, private beach club, and marina appeal to the elite seeking a fantastical environment. Many prominent figures, like Tiger Woods, own estates in this enclave, further elevating the town's reputation as a haven for the "blessed." Another location, The Bear's Club, was founded by legendary golfer Jack Nicklaus. It offers an 18-hole championship golf course and a 40,000-square-foot clubhouse. Members join for its amenities, including fine dining, a state-of-the-art fitness center, and spa-esque locker rooms.
Boca Raton — $89,776
Boca Raton's roots as a luxury destination trace back to the 1920s when architect Addison Mizner envisioned it as a premier resort community. Mizner's designs, characterized by Mediterranean Revival architecture, attracted affluent individuals seeking opulent homes and exclusive social circles. The city's positioning between Miami and West Palm Beach solidified its appeal, as it provided an escape from urban centers. Over time, Boca Raton's reputation grew, as well as its median household income, which is currently $89,776.
A diverse mix of industries like technology, finance, and healthcare drives Boca Raton's economy. These sectors fuel the city's growth, offering high-paying jobs and drawing in skilled professionals. The city also benefits from low property taxes and no state income tax, making it an appealing destination for affluent residents. Mizner Park serves as a prime example of Boca Raton's offerings. This open-air center combines high-end retail, fine dining, art galleries, and a cultural center. Another ritzy spot is the Boca Raton Resort & Club, a beachfront property that has been around since 1926. This resort grants access to two golf courses, a spa, and a private marina.
Boca Raton, FloridaThe city took its name from the Spanish term for "rat's mouth" Boca de ratones.
Alafaya — $85,056
Alafaya, in Orange County, was originally a small agricultural community. Alafaya blossomed because of its neighborhoods and proximity to commercial centers that targeted high-income earners. The growth of Alafaya's economy owes much to the establishment of Walt Disney World in the 1970s. This expansion of the nearby Orlando roped in professionals seeking job opportunities in technology, defense, and aerospace industries. As a result, property values surged, and Alafaya gained a median household income (MHI) of $85,056.
The housing market in Alafaya caters to high net-worth individuals, with gated communities such as the Estates at Lake Pickett and Waterford Lakes. These communities feature custom-built, upscale homes with a wide range of amenities, such as swimming pools, fitness centers, and clubhouses. The neighborhoods ensure children attend top-rated schools, which further bolsters future MHI statistics.
Coral Springs — $81,944
Coral Ridge Properties first purchased the land in 1953, which is how Coral Springs emerged. The city lies between Miami and Palm Beach, which provides a strong economic base, drawing businesses and affluent residents. Its low crime rates and strong school system further contribute to its reputation. These features did not come about by coincidence or chance. The developers of the original town intended for the community to be well-financed since its creation.
Over the years, Coral Springs has implemented effective financial management strategies, maintaining a stable tax environment. As a result, the city has garnered a AAA bond rating, making it a profitable destination for investors and high-net-worth individuals. The well-maintained public spaces, recreational facilities, and cultural centers continue to enhance the city's image. Overall, Coral Springs stands steady with a median household income of $81,944. The Coral Springs Center for the Arts highlights the city's ability to foster culture and the arts, a factor that has historically drawn well-off patrons. This modern facility hosts concerts, theatrical productions, and art exhibitions.
Wealthiest US CitiesCheck out the wealthiest cities in the US according to their median household income.
Florida's richest cities continue to attract the wealthy, with each offering royal experiences like equestrian sports, waterfront properties, and high-end shopping centers. It is safe to say that these cities have managed to create a perfect balance between maintaining their natural beauty and catering to the affluent. The only thing left to wonder is if golf courses are the real currency among the Florida elite.
Richest Cities In Florida
|Rank||City||Median Household Income (in 2021 US dollars)|
|2||Palm Beach Gardens||$99,734.00|
|17||Port St. Lucie||$68,647.00|
|29||Town N Country||$59,263.00|
Source: US Census Bureau, 2017-2021.
Cory Price April 26 2023 in Economics
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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.What are the top 10 wealthiest cities in Florida? ›
- Pinecrest. Pinecrest is a wealthy city in Florida, known for its high living standards and beautiful surroundings. ...
- Parkland. ...
- Key Biscayne. ...
- Palmetto Bay. ...
- Miami Shores. ...
- Naples. ...
- Coral Gables. ...
- Key West.
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.Where do the most millionaires live in Florida? ›
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.Where is billionaires row in Florida? ›
Florida State Road A1A (South Ocean Boulevard), in Palm Beach, Florida. Billionaires Row (Phoenix), in the Central Avenue Corridor, Phoenix, Arizona.Which cities in Florida have the best economy? ›
1. MIAMI. At the top of this is Miami, which still remains the economic powerhouse of Florida.What is the prettiest town in 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.What are the five richest cities in Florida? ›
- Longboat Key – median income is $121,797.
- Sanibel – median income is $103,413.
- Naples – median income is $125,306.
- Atlantic Beach – median income is $92,056.
- Neptune Beach – median income is $98,856.
Some 318,855 people moved to Florida in 2022, a population gain of almost 2%. Cities like Ocala and Tallahassee were among the most popular ones for movers. Deltona and Miami also saw a large influx of residents.Do any billionaires live in Florida? ›
Other wealthy sectors include food and drink, fashion and retail, and media and entertainment. Stacker compiled a list of the richest billionaires that are residents of Florida, using data from Forbes. Billionaires are ranked by net worth as of December 11. Forbes lists 80 billionaires in Florida.
|Median household income in town ($)||22,353|
|Median household income in state ($)||61,777|
|Poverty rate in town (%)||48.6|
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.What is the top 1% in Florida? ›
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.How many billionaires live in Florida? ›
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.What city is home to the most millionaires? ›
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.Where is the most expensive home in Florida? ›
Inside a $218 million private island in Palm Beach — Florida's most expensive home for sale.What are the poorest cities in Florida? ›
- Pahokee. Percentage of families below the poverty level in Pahokee: 35.9%.
- Immokalee. Percentage of families below the poverty level in Immokalee: 33.2%.
- Belle Glade. Percentage of families below the poverty level in Belle Glade: 31.4%.
- South Bay. ...
- Gretna. ...
- Midway. ...
- Homestead. ...
Austin Russell, the 26-year-old CEO of Luminar, was listed by Forbes in 2021 as the youngest American billionaire.Where does Bill Gates live in Florida? ›
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.
- Vanilla Ice. Remember the '90s rap hit, Ice Ice Baby? ...
- Bill Gates. This billionaire creator of the Microsoft empire owns a horse ranch in Wellington that he purchased for $8.5 million in 2013. ...
- Jimmy Buffett. ...
- Rod Stewart. ...
- Donald Trump.
- No. 1: Cape Coral-Fort Myers.
- No. 2: North Port.
- No. 3: Winter Haven.
- No. 5: Port St. Lucie.
- No. 6: Daytona Beach.
- No. 9: Palm Bay.
Gulfport Is One Of The Friendliest Cities In Florida.Which side of Florida is nicer? ›
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.Which side of Florida is best? ›
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.What town in Florida looks like Italy? ›
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.What is the richest zip code in Florida? ›
|2||33480||Palm Beach County|
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.How many billionaires are in Naples FL? ›
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.What is the most moved to place in Florida? ›
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.What city are most people moving to? ›
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.
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.Who is the richest family in Orlando? ›
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.Who is the richest woman in Florida? ›
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.What state is best for billionaires? ›
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.Where do poor people live in FL? ›
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.What's considered poor in Florida? ›
2023 Federal Poverty Level (FPL) Income.
|Persons in Family/Household||Gross Annual Household Income||Gross Monthly Household Income|
Key West is the southernmost city in the contiguous United States and the westernmost island connected by highway in the Florida Keys.Is Florida the most unaffordable state? ›
Florida is the least affordable place to live in the U.S. - CBS News.Why is Florida booming? ›
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.
- Top 1% income threshold: $623,736.
- Top 5% income threshold: $223,179.
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.What is the top 10 percent income in Florida? ›
- Median income: $59,227.
- Top 10% income: $217,456.
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.Who is the richest man in Miami? ›
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.What is the richest town in the US? ›
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.Is Miami the richest city in the world? ›
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.Which city has most millionaires? ›
New York City wears the crown as the world's top city with the most millionaires in 2023.Where do rich people go? ›
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.
- New York City. The Big Apple is home to 340,000 millionaires, 724 centi-millionaires, and 58 billionaires. ...
- Tokyo. Tokyo has 290,300 resident millionaires, 250 centi-millionaires, and 14 billionaires. ...
- The Bay Area. ...
- London. ...
- Singapore. ...
- Los Angeles. ...
- Hong Kong. ...
- Maryland. With a median household income of $87,063, Maryland is by far the richest states in the USA. ...
- Massachusetts. Massachusetts is one of the most populous and the second richest US state with a median household income of $85,843. ...
- New Jersey. ...
- Hawaii. ...
- 5. California. ...
- Connecticut. ...
- Washington. ...
- New Hampshire.
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.Which state has most billionaires? ›
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.