The 12 Wealthiest Cities in Florida Based on Median Income 2024: It’s no secret that some of the wealthiest individuals in the United States, if not the world, live in Florida.
According to a survey that was published by Forbes in 2010, eight of the wealthiest persons on their list of the richest people in America had properties in Southern Florida.
Because it is a place where wealthy celebrities may travel to enjoy their lavish lifestyles away from the scrutiny of the media, it has been known as somewhat of a safe haven for celebrities.
As a result of the low overall cost of living and the generous tax breaks offered to senior citizens, Florida is home to a large number of retirees who have amassed sizable savings for their golden years.
The state of Florida can be found in the southeastern part of the United States, and it shares its borders with Alabama to the northwest and Georgia to the northeast.
The majority of the state’s geography is comprised of a broad peninsula that juts out into both the Gulf of Mexico and the Atlantic Ocean on its western and southern sides.
The climate in the northern and central parts of the state is humid subtropical, while the climate in the southern part of the state is tropical.
It is not difficult to see why Florida, often known as the Sunshine State, is considered to be one of the most desirable places to spend a holiday. The sunny state of Florida is a popular vacation destination due to its pleasant year-round climate, which features pleasant daytime highs in the 70s and 80s.
There are some of the wealthiest cities in the United States located in Florida. That is not only due to the fact that there are many rich retirees living there; it is also due to the fact that Florida is home to numerous thriving companies.
Manufacturing, aviation, the production of software, and tourism are all examples of industries that collectively contribute billions of dollars to the economy of the state each year.
The state of Florida is home to a number of prestigious educational institutions, the most notable of which being the University of Miami and Florida International University.
This contributes to the growth of a robust tech economy, which in turn serves to generate jobs relevant to the 21st century across the state. The absence of a personal income tax in Florida is another factor that contributes to the state’s appeal to residents and enterprises alike as a location in which to set up a business.
12 Richest Cities in Florida
Florida is one of the most populated states in the United States. This is mostly because to the state’s easy accessibility, year-round nice climate, and, of course, its standing as a premier site for people to retire.
However, it is also the location of a number of the most prosperous cities in the United States. Some regions of Florida have an average income that is nearly twice as high as the national average, and many of the state’s people have bank accounts that are in the seven figures. So where are these wealthy Floridians living?
According to the 2019 U.S. Census, the five cities listed below are Florida’s richest. Census data.
1. Pinecrest (Wealthiest Cities in Florida)— $156,875
With a total population of 19,244, Pinecrest is considered to be one of the most prosperous cities in the state of Florida (2019). The city of Pinecrest may be found in Miami-Dade County. Pinecrest is the city in the state that has the highest median income overall due to the fact that the typical household income there is about $156,875.
The majority of people who live in Pinecrest choose to purchase their houses, giving the community a suburban atmosphere. A large number of parks and restaurant establishments can be found in Pinecrest. Pinecrest is home to many young professionals, and the population are generally liberal. Pinecrest’s public schools have earned a reputation for excellence.
There are a lot of famous people and sportsmen that call this place home, such as the pop musician Enrique Iglesias and the tennis great Venus Williams.
The city boasts a large number of municipal services, despite its relatively modest population, including its own police force and fire department.
2. Parkland (Wealthiest Cities in Florida)— $154,844
Parkland is one of the cities in Florida with the highest median household income, coming in at $154,844, and one of the cities with the highest median home price, coming in at $885,738. In addition to its high-ranking educational system, the wealthy area features an extensive selection of places to shop and dine.
Pine Trails Park, which is located in Parkland and is noted for being a venue for citywide events like as festivals and concerts, is one example of the city’s many parks and nature preserves. The majority of people who live in Parkland are homeowners, which contributes to the town’s suburban atmosphere.
Parkland is home to a sizeable population of senior citizens, most of whom hold moderate political beliefs. Beaches, the vibrant city life of Miami, and outdoor activities like hiking and kayaking are all accessible to locals within a short driving distance.
3. Key Biscayne (Wealthiest Cities in Florida)— $151,310
With an annual family income of $151,310 on average, Key Biscayne is often ranked as one of the wealthiest communities in Florida. There are 12,915 people living in Key Biscayne, which is considered a suburb of Miami.
One of the most desirable areas to settle down in all of Florida is Key Biscayne, which is located in Miami-Dade County. The majority of people who live in Key Biscayne own their houses, giving the community the sense of a densely populated suburban neighborhood.
There are a number of parks, restaurants, and coffee shops in Key Biscayne. Key Biscayne is also known for its beaches. Key Biscayne is home to a considerable population of senior citizens, and the locals have a reputation for being politically conservative.
The public schools in Key Biscayne consistently earn great marks from their students. The island is well-known for the tranquil calm it exudes, as well as its stunning beaches and seas of exceptional clarity.
It has played host to a number of international sporting events, including professional tennis tournaments as well as racing competitions at the professional level.
4. Palmetto Bay (Wealthiest Cities in Florida)— $123,477
One of the cities in Florida with the highest median household income is Palmetto Bay, which has a population of roughly 24,333 people (in 2019) and a typical family income of $123,477.
It is situated in Miami-Dade County, exactly in the middle of the journey from downtown Miami to the Florida Keys.
The region is recognized as a village and has the atmosphere of a relatively little town. However, it is also in an ideal location for accessing a wide variety of points of interest, such as downtown Miami, South Beach, Coconut Grove, Key Biscayne, Coral Gables, and Miami International Airport.
Due to its huge area and relatively low population density for a suburban community, the city is one of the most costly locations to reside in Miami-Dade County. This makes it one of the most expensive destinations to visit as well.
5. Southwest Ranches (Wealthiest Cities in Florida)— $124,591
With a typical household income of around $124,591, Southwest Ranches is considered to be one of the wealthiest cities in the state of Florida. The majority of the town’s inhabitants are white-collar workers who are employed in managerial positions, financial positions, or sales positions.
It encompasses the Sunshine Ranches area, which is known for its large number of horses and miles of equestrian routes. A considerable number of farms, ranches, and other agricultural holdings can be found in Southwest Ranches as well. These properties are responsible for employing close to fifty of the community’s residents.
The market for real estate in the town is marked by intense competition. On average, there are two offers made on homes in Southwest Ranches, and the homes sell in around seventy days. In 2019, the average income for a resident of Southwest Ranches was $57,643, making the community exceptionally prosperous in comparison to both Florida and the rest of the country.
6. Miami Shores (Wealthiest Cities in Florida)— $123,478
With a household income of $123,478 on average, Miami Shores is considered to be one of the wealthiest communities in the state of Florida. In addition, the hamlet is the location of Barry University. More than seventy-five years have passed since the city was first formed.
It is one of the wealthiest suburbs in Miami-Dade County and has a population of 10,459 people in 2019. The neighborhood of Miami Shores is well-known for its proximity to the bayfront, its attractive tree-lined streets, and its well-preserved architecture from the 1920s.
Additionally, it has a reputation for having a low rate of crime. In Miami Shores, a significant number of the residential properties are located on the water’s edge of Biscayne Bay. There are also a great number of residences located inland, and the majority of them include separate guest houses or “mother-in-law apartments” that may be rented out to generate additional revenue.
The neighborhood of Miami Shores is home to a wide variety of excellent dining establishments, including several classic Cuban eateries that are known for their delicious and reasonably priced fare.
The downtown area is home to a plethora of wonderful stores, such as “Everything But Water,” which offers one-of-a-kind swimsuit designs from countries all over the world. When it comes to meeting one’s day-to-day requirements, one can choose from a large number of mom-and-pop shops or major chains like CVS or Walgreens.
7. Naples (Wealthiest Cities in Florida)— $107,013
With an annual income that is greater than $107,013 on average for each household, Naples is one of the most prosperous cities in the state of Florida. It is also a highly well-liked place for people to spend their vacations each year, drawing in the tens of thousands.
The gentle breeze from the Gulf of Mexico and the year-round warm weather are just two of the many reasons why Naples is such a sought-after vacation spot. Because Naples is such a beautiful area to live and raise a family, many people who visit Naples end up deciding to buy properties there after they leave.
Because it offers so many fantastic golf courses, Naples is an excellent location for anyone who are planning to retire. Anyone who lives in the neighborhood has the opportunity to play a relaxing round of golf at one of the local courses.
The beaches in Naples, Florida, are known for their immaculate condition, while the city itself is known for its calm attitude. It is possible for a family to live in one of the many lovely homes that are situated on sizable parcels of land and provide ample room for everyone in the household to take advantage of everything that this wonderful city has to offer.
8. Coral Gables (Wealthiest Cities in Florida)— $100,843
With an average family income of $100,843, Coral Gables is one of the cities in Florida that can claim to be among the state’s wealthiest. It is a city brimming with personality and allure, with streets lined with trees and stunning buildings that take their inspiration from the Mediterranean.
In addition, it is the location of the University of Miami, the Fairchild Tropical Botanic Garden, the Miracle Mile shopping district, and The Biltmore Hotel, which are all considered to be among the finest restaurants and bars in all of Miami.
Because of its high median income, Coral Gables is the ideal location to call home if you are doing well financially or have a solid career and would like to be around by other people who are in a similar situation to you.
9. Marco Island (Wealthiest Cities in Florida)— $86,215
With an average family income of $86,215, Marco Island is considered to be one of the wealthiest communities in the state of Florida. It is the ninth richest community in Florida according to its per capita income of $68 583, which places it in ninth place overall.
The most heavily populated of Florida’s “Ten Thousand Islands,” Marco Island is also the largest of the islands that have been developed. However, this does not imply that there is no space available to take use of the outdoors. It is a wonderful location from which to experience everything that Florida has to offer.
There are various activities on the island that are appropriate for families, such as the Marco Island Historical Museum, which takes guests on a journey through time to learn about the history of Southwest Florida.
There are also a great number of beaches where one may play, swim, or simply rest in the sun. It is also a wonderful area to soak up some rays on dry land by going for a bike ride, out on the water in a boat, or by enjoying a tour along the coast in a cruise ship.
Residents and visitors alike may take advantage of an abundance of retail and dining establishments on Marco Island, in addition to the island’s famous sun and beach.
This includes The Esplanade, which is a lifestyle center that is open-air and features more than 50 shops, in addition to restaurants and entertainment options such as live music and dancing on select days of the week.
In the areas around this location, you’ll also find a variety of local shops and eateries, many of which are restaurants that specialize in fresh seafood meals such as oysters, shrimp, and scallops.
10. Key West (Wealthiest Cities in Florida)— $69,630
With a median family income that is almost exactly twice as high as the average for the state, Key West is one of the wealthiest communities in Florida. If you are prepared to invest a few additional money, you will be rewarded with an experience that you will remember for the rest of your life; but, you will not find many shop bargains or inexpensive accommodations in this area.
You may drive along the Overseas Highway (U.S. Route 1) from Miami, which passes over bridges that cross the water, or you can fly into Miami International Airport and then get on a puddle jumper to Key West International Airport.
The trip will take around three and a half hours, but the views along the way are breathtaking. Cruise ship passengers have made the city immensely famous, and during the season they may be seen walking around Duval Street in large numbers all day long (and shorter days in summer).
Parking spots can be hard to come by, and the lanes that connect Old Town and Mallory Square, where cruise ships land, are notoriously congested with vehicles due to their size and the fact that they are so small.
11. Surfside (Wealthiest Cities in Florida)— $69,063
With a typical family income of around $110,000, Surfside is one of the most prosperous localities in the state of Florida. The town is home to a large number of famous people, such as the actor Joe DiMaggio, the former coach of the Miami Dolphins Don Shula, and the former mayor of Miami Beach Philip Levine.
It is also the location of the Bal Harbor Shops, a high-end shopping center that attracts millions of tourists every year and has upscale retailers such as Chanel and Prada.
In addition to its high-end shopping opportunities, Surfside features a seaside community center that caters to both children and adults with a variety of activities.
However, not all of the people that live there are millionaires or billionaires; in fact, the majority of the residents are from the middle class. The annual median income for a household in Surfside is around $69,063 dollars.
12. Key Largo (Wealthiest Cities in Florida)— $65,864
Your voyage will begin at Key Largo, which is the gateway to the Florida Keys, an archipelago that is a haven of tropical splendor and bright blue sky. Visitors from all over the world go to this island paradise to get a taste of its splendor.
Many people of Key Largo have annual incomes of more than $100,000, making it one of the most prosperous communities in Florida. So, what is it about this island that causes it to receive such a great deal of attention?
Key Largo has a distinct island ambiance and exudes a robust sense of community pride all at the same time. The majority of Key Largo’s population has called the city home for several decades and feels a strong connection to it.
The island is home to a wide variety of recreational opportunities, including scuba diving, snorkeling, kayaking, boating, fishing, and more. There is always something fun to do, whether you choose to unwind by the pool or head to one of our numerous pubs and restaurants, many of which have live music on the weekends.
12 Wealthiest Cities in Florida Based on Median Income 2024 – Newshub360.net
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