This Coastal Town Was Just Named the Wealthiest Suburb in Florida

They are saying you are the corporate you retain. And for those who’re hoping to really feel very, very wealthy by proxy of these round you, then it is time to head to 1 coastal city in Florida. 

In late July, GOBankingRates released its list of the wealthiest suburbs in Florida. It decided the listing by reviewing all of Florida’s cities with 5,000 households or extra after which isolating the 20 suburbs with the best common family incomes. (It famous that it sourced further elements, together with every suburb’s metro space and 2025 typical house worth for a full image.) 

In response to the findings, wealth is actually concentrated within the state, with Miami, Fort Lauderdale, and Pompano Seashore being house to 50 p.c of Florida’s wealthiest suburbs. 

As for the vacation spot with the best common family revenue, that can come as little or no shock: Palm Beach. GOBankingRates shared, the suburb has a mean family revenue of $356,467, whereas the everyday house worth is a whopping $10,211,635.

In response to a 2024 wealth monitoring evaluation by Henley & Companions, Palm Seashore County, which incorporates each Palm Seashore and West Palm Seashore, skilled a 112 p.c enhance in millionaires between 2014 and 2024, placing it because the No. 4 fastest-growing city for global wealth within the group’s Wealthiest Cities Report 2025. The evaluation additionally discovered that West Palm Beach and Palm Seashore collectively are house to 11,500 millionaires, 78 centimillionaires, and 10 billionaires.

“When the pandemic hit, (West Palm Seashore) was this actually distinctive place that was primarily a clean canvas,” Rob Frisbie, a managing companion of Frisbie Group, shared at a Palm Seashore Chamber of Commerce forum in March 2024. “It was this sponge that was so prepared to soak up this progress, and that’s one of many driving elements that units it other than these different progress facilities across the nation.”

Becoming a member of Palm Seashore on the prime of the rating is Pinecrest, which additionally has a powerful common family revenue of $312,591 however with a comparatively extra reasonably priced typical house worth of $2,406,476.

Issues considerably drop off from right here, with Lake Butler at No. 3, with a mean family revenue of $289,593 and a typical house worth of $748,699. Parkland is available in at No. 4 with a mean family revenue of  $229,861, however with a barely increased typical house worth of $1,099,595. Coral Gables rounds out the highest 5 with a mean family revenue of $209,687, however once more with the next typical house worth at $1,983,472.

See the total listing of the place Florida’s wealth is centered at ​​gobankingrates.com.