What are the Richest Cities in Florida?
Apr 15, 2023
Florida is home to some of the wealthiest people and cities in the US. Florida is already one of the 3 largest states by population and migration data from 2022 suggests it will continue to expand as it citizens from neighboring states continue to flow in.
While the average home price in Florida is just under $350,000, the typical price for a home in these cities below is closer to $800,000. Buckle up for some pricey home values!
Wealthiest Cities in Florida
Florida is home to 67 cities that have a population of greater than 50,000. By contrast, there are many states such as Wyoming, Vermont and Alaska that only have 2-3 large cities with more than 50,000 citizens. Needless to say, there are plenty of places to move in Florida.
There are dozens of cities in Florida that are well above the national average in terms of average household income, but here are the top 10:
1) Palm Beach (South Florida, Palm Beach County)
Palm Beach is a swanky beach town located in Palm Beach County, Florida. It is situated on a barrier island on the east coast of Florida, with the Atlantic Ocean to the east and the Intracoastal Waterway to the west. The town is known for its beautiful beaches, luxurious resorts, and high-end shopping and dining options.
Palm Beach only has a population of around 10,000 people and covers an area of about 10 square miles.
Palm Beach is also known for its historic architecture, including the famous Mar-a-Lago estate, which was built by the industrialist and philanthropist Henry Morrison Flagler in the early 20th century and is now owned by former U.S President Donald Trump.
2) Naples (West/Gulf Coast)
Naples is a city located in southwest Florida, on the Gulf of Mexico. It is the largest city in Collier County, and is known for its luxury homes, high-end resorts, and beautiful beaches. The city has a population of around 24,000 people and is also named one of the safest cities in Florida.
Naples is a popular destination for retirees and second-home owners, thanks to its warm weather, beautiful scenery, and abundance of recreational activities.
Naples is also known for its historic downtown area, which features a variety of boutique shops and restaurants, as well as the Naples Museum of Art and the Philharmonic Center for the Arts.
3) Boca Raton (Miami, Dade County)
Boca Raton is located in Palm Beach County on the southeast coast of Florida, between West Palm Beach and Fort Lauderdale. The city has a population of around 91,000 people and covers an area of about 29 square miles.
Boca Raton is known for its upscale neighborhoods, beaches, and vibrant downtown area, which features a variety of boutiques, art galleries, and restaurants.
4) Longboat Key (West/Gulf Coast)
Longboat Key is located on a barrier island on the west coast of Florida, just south of Anna Maria Island and north of Lido Key. The town covers an area of about 12 square miles and has a population of around 6,500 people. It is located in Sarasota County and is part of the Bradenton-Sarasota-Venice Metropolitan Statistical Area.
Longboat Key is known for its upscale neighborhoods, beautiful beaches, and recreational opportunities. The town is home to several golf courses, tennis clubs, and marinas, as well as a variety of shops, restaurants, and cultural attractions. Longboat Key is also known for its historic St. Armands Circle, which features a variety of boutiques, art galleries, and restaurants.
5) Coral Gables (Miami, Dade County)
Coral Gables is a city located in Miami-Dade County, Florida. It is situated just south of Miami and is known for its Mediterranean-style architecture, tree-lined streets, and beautiful parks. The city has a population of around 50,000 people and covers an area of about 15 square miles.
Coral Gables is known for its upscale neighborhoods, including the historic district of Coral Gables, which features many large homes and estates built in the Mediterranean Revival, Mission Revival and Spanish Colonial Revival styles. The city is also home to the University of Miami, which is one of the largest and most respected universities in the state.
Next 10 Richest Cities in Florida
- Rosemary Beach
- Key Biscayne
- Atlantic Beach/Neptune Beach
- Jupiter, FL
- Alys Beach
- Sanibel Island
- Southwest Ranches
- Marco Island
- Royal Palm Beach
People are moving to Florida from these states
There are so many fantastic cities and towns in Florida. It's no wonder that the population is booming, with folks moving to Florida from all over the US.
1- New York
6- New Jersey
7 - Michigan
Tips for Moving to Florida
While these places above are the wealthiest, definitely check out our list of top places to live in Florida.