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
The 10 Richest Places In Florida For 2024
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
/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
/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
/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
/10
5. Southwest Ranches
/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
/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
/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
/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
/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
Methodology: How We Determined The Richest Places In Florida For 2024
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 |