The 10 Richest Cities In Florida For 2024


The richest cities in Florida are Palm Beach and Pinecrest for 2024 based on Saturday Night Science.

You have to be the owner of SunnyD, a lottery winner, or have a crazy good, high-paying job to live in our richest cities in Florida for 2024.

If you’re looking for safe cities with amazing schools, large green spaces, and a paycheck to match, you can stop your search. There are cities in the Sunshine State that have all of these amenities and more because they cater to the Florida “one percenters.”

Cities like Parkland and Gulf Breeze have a park-like atmosphere, and cities like Lighthouse Point and Coral Gables have beaches that rival the Caribbean.

Our richest cities in Florida have some of the best schools in the country. Blue ribbon elementary schools, gold star high schools with a focus on STEM, the Arts, and Aviation, and colleges like Palm Beach College are delivering the next generation of millionaires one student at a time.

Did we mention that it does not have state income tax and that its corporate tax is super low?


Table Of Contents: Top Ten | Methodology | Summary | Table


Richest Cities In Florida Map

To narrow down the wealthiest cities in Florida, we looked at median household income and home prices. The cities also had to have a population of at least 3,000. In total, we analyzed 257 cities in the largest state in the Southeast.

What was the richest city in Florida? The richest city in Florida for 2024 is Palm Beach.

Look at the lists below to see where the Sunshine State is calling.

Rich people not your cup of tea? Feel free to check out some more reading about Florida:

The 10 Richest Cities In Florida For 2024

1. Palm Beach

Palm Beach, FL

Source: Wikipedia User Elisa.rolle | CC BY-SA 4.0
Overall SnackAbility

9.5
/10

Population: 9,205
Median Income: $190,824
Median Home Values: $1,976,941
More on Palm Beach: Data | Crime | Cost Of Living | Real Estate

2. Pinecrest

Pinecrest, FL

Source: Public domain
Overall SnackAbility

7.5
/10

Population: 18,279
Median Income: $178,095
Median Home Values: $1,909,075
More on Pinecrest: Data | Cost Of Living | Real Estate

3. Key Biscayne

Key Biscayne, FL

Source: Public domain
Overall SnackAbility

10
/10

Population: 14,572
Median Income: $173,015
Median Home Values: $1,568,763
More on Key Biscayne: Data | Crime | Cost Of Living | Real Estate

4. Indian River Shores

Overall SnackAbility

10
/10

Population: 4,266
Median Income: $153,242
Median Home Values: $1,434,354
More on Indian River Shores: Data | Crime | Real Estate

5. Southwest Ranches

Southwest Ranches, FL

Source: Wikipedia User | CC BY 3.0
Overall SnackAbility

8.5
/10

Population: 7,589
Median Income: $165,556
Median Home Values: $1,256,520
More on Southwest Ranches: Data | Crime | Cost Of Living | Real Estate

6. Parkland

Parkland, FL

Source: Flickr User digitalbookmobile | CC BY 2.0
Overall SnackAbility

7.5
/10

Population: 34,832
Median Income: $188,544
Median Home Values: $1,077,923
More on Parkland: Data | Crime | Cost Of Living | Real Estate

7. Longboat Key

Longboat Key, FL

Source: Wikipedia User Ebyabe | GFDL
Overall SnackAbility

10
/10

Population: 7,479
Median Income: $141,250
Median Home Values: $1,105,402
More on Longboat Key: Data | Crime | Cost Of Living | Real Estate

8. Palmetto Bay

Palmetto Bay, FL

Source: Public domain
Overall SnackAbility

9
/10

Population: 24,267
Median Income: $144,987
Median Home Values: $962,359
More on Palmetto Bay: Data | Crime | Cost Of Living | Real Estate

9. Coral Gables

Coral Gables, FL

Source: Wikipedia User Averette | CC BY 3.0
Overall SnackAbility

9
/10

Population: 49,696
Median Income: $118,203
Median Home Values: $1,354,428
More on Coral Gables: Data | Crime | Cost Of Living | Real Estate

10. Highland Beach

Highland Beach, FL

Source: Wikipedia User | CC-BY-SA-3.0
Overall SnackAbility

10
/10

Population: 4,261
Median Income: $140,045
Median Home Values: $934,974
More on Highland Beach: Data | Crime | Real Estate

Methodology: How We Determined The Richest Places In Florida For 2024

Map Of The Richest Places To Live In Florida
The first thing that comes to most people’s minds when they think about determining the richest places is simply identifying 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 2018-2022 American Community Survey and applied Saturday Night Science:

  • Median Home Values
  • Median Household Income

Median household income is the most digestible way to understand how rich a place is. And home values are a measure of wealth. The two combine to define a “Rich City.”

After we collected the data for all 257 places with more than 3,000 people in Florida, we ranked each place from 1 to 257 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 City In Florida For 2024.”

The data has been updated for 2024. This is our tenth time ranking the wealthiest cities in Florida.

You can skip to the end to see the rankings for all 257 places.

Summary: The Wealthiest Places In Florida For 2024

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.

The richest cities in Florida are Palm Beach, Pinecrest, Key Biscayne, Indian River Shores, Southwest Ranches, Parkland, Longboat Key, Palmetto Bay, Coral Gables, and Highland Beach.

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: Quincy
2nd Poorest: Marianna
3rd Poorest: Palatka

For more Florida reading, check out:

Detailed List Of The Richest Cities In Florida

Rank City RichScore Median Income Average Home Price
1 Palm Beach 1.0 $190,824 $1,976,941
2 Pinecrest 2.5 $178,095 $1,909,075
3 Key Biscayne 4.0 $173,015 $1,568,763
4 Indian River Shores 5.5 $153,242 $1,434,354
5 Southwest Ranches 6.0 $165,556 $1,256,520
6 Parkland 6.5 $188,544 $1,077,923
7 Longboat Key 9.5 $141,250 $1,105,402
8 Palmetto Bay 11.0 $144,987 $962,359
9 Coral Gables 11.5 $118,203 $1,354,428
10 Highland Beach 13.0 $140,045 $934,974
11 Miami Shores 14.0 $120,833 $1,025,122
12 Sanibel 18.5 $111,683 $1,000,285
13 Windermere 19.5 $143,988 $692,344
14 Weston 19.5 $132,832 $717,713
15 Loxahatchee Groves 22.5 $113,942 $733,770
16 St. Pete Beach 24.0 $112,578 $715,388
17 Marco Island 24.5 $105,315 $903,039
18 Belleair 24.5 $114,556 $700,159
19 Holmes Beach 24.5 $94,545 $1,155,122
20 Neptune Beach 27.0 $109,375 $706,435
21 Lake Clarke Shores 27.5 $133,333 $630,766
22 Cooper City 27.5 $119,567 $657,515
23 Indian Rocks Beach 31.5 $92,283 $890,350
24 Jupiter 31.5 $105,413 $690,094
25 Bal Harbour 32.0 $86,172 $1,722,574
26 Naples 32.0 $135,657 $596,178
27 Wellington 32.5 $105,848 $666,198
28 Palm Beach Gardens 33.0 $106,544 $658,967
29 Jacksonville Beach 36.5 $109,649 $611,639
30 Atlantic Beach 37.0 $99,628 $658,924
31 Oakland 37.5 $131,645 $544,505
32 Tequesta 38.5 $92,457 $661,607
33 Grant-Valkaria 39.5 $109,850 $586,767
34 Lighthouse Point 41.0 $86,586 $777,160
35 Miami Springs 42.0 $88,196 $678,387
36 Key West 43.0 $80,828 $1,074,326
37 Miami Lakes 45.0 $90,339 $630,644
38 Belle Isle 46.0 $111,836 $513,455
39 Winter Garden 46.0 $101,953 $572,785
40 Treasure Island 47.0 $87,941 $634,262
41 Oviedo 47.5 $116,764 $497,890
42 Boca Raton 47.5 $95,570 $574,246
43 Satellite Beach 47.5 $103,819 $538,965
44 South Miami 47.5 $78,830 $897,891
45 Ponce Inlet 48.5 $98,125 $568,314
46 Destin 49.0 $86,777 $635,124
47 Fort Myers Beach 50.5 $87,204 $623,652
48 Safety Harbor 51.0 $102,670 $519,382
49 St. Augustine Beach 53.0 $87,019 $604,317
50 North Palm Beach 53.5 $89,175 $570,128
51 Surfside 53.5 $73,160 $1,161,290
52 Gulf Breeze 54.5 $107,202 $481,295
53 Fernandina Beach 55.5 $86,494 $601,790
54 Lake Mary 56.5 $106,971 $466,468
55 Coral Springs 58.0 $87,488 $536,819
56 Bonita Springs 58.0 $84,668 $592,429
57 Melbourne Beach 60.0 $80,795 $627,160
58 Wilton Manors 61.0 $81,424 $603,112
59 Lauderdale-By-The-Sea 61.5 $76,855 $649,632
60 Royal Palm Beach 63.5 $90,143 $485,720
61 Marathon 64.0 $70,313 $894,086
62 Madeira Beach 64.0 $71,712 $789,884
63 Minneola 64.0 $91,435 $468,876
64 Doral 64.5 $83,823 $534,476
65 Indialantic 64.5 $74,237 $674,415
66 Winter Park 65.5 $96,563 $449,047
67 Davie 66.5 $84,346 $517,729
68 Biscayne Park 66.5 $69,830 $888,928
69 Maitland 67.5 $89,871 $459,687
70 Niceville 69.5 $92,345 $436,865
71 Plantation 70.5 $83,074 $503,508
72 Miramar 70.5 $81,812 $506,754
73 West Miami 72.5 $73,525 $620,895
74 Cutler Bay 73.0 $78,569 $531,378
75 Bay Harbor Islands 73.0 $73,587 $608,277
76 Cocoa Beach 75.5 $80,880 $497,607
77 Fort Lauderdale 77.5 $75,376 $534,210
78 Ocoee 78.0 $88,828 $417,918
79 Indian Harbour Beach 79.0 $78,774 $490,200
80 Panama City Beach 80.5 $76,091 $502,430
81 Aventura 81.0 $75,211 $510,079
82 Pembroke Pines 81.5 $77,657 $485,196
83 Winter Springs 82.5 $83,732 $427,030
84 Juno Beach 84.5 $62,566 $795,489
85 West Melbourne 85.5 $86,398 $410,923
86 Apopka 88.5 $87,394 $392,939
87 Freeport 89.5 $81,594 $412,462
88 Longwood 91.5 $75,197 $450,211
89 New Smyrna Beach 91.5 $73,096 $476,677
90 Clermont 94.0 $75,951 $424,952
91 North Bay Village 94.5 $76,815 $418,552
92 St. Augustine 94.5 $72,806 $456,760
93 Rockledge 96.5 $80,759 $399,816
94 Debary 99.0 $83,678 $380,533
95 Groveland 99.5 $84,347 $374,635
96 Punta Gorda 100.5 $75,898 $410,177
97 Miami Beach 100.5 $65,116 $525,643
98 Sarasota 101.5 $68,870 $462,175
99 Newberry 104.5 $90,547 $329,975
100 Sunny Isles Beach 105.0 $57,145 $701,954
About Chris Kolmar

Chris Kolmar has been in the real estate business for almost ten years now. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks.

He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move.

If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already.

You can find out more about him on LinkedIn or his website.