Ever wondered where the wealthiest people live in Florida? Well you have come to the right article! “Here is the richest city in Florida.” Can you guess what city it is? You will see below. I live in St. Petersburg, and while rich in spirit, St. Pete is not on the list below.
What Is The Richest City In America?
When it comes to the richest city in America, there are no Florida cities on this list. I thought there would at least be one seeing that we have a lot of billionaires in our state. According to Us News, Dublin, California is the richest city in America. In Dublin there is a median household income of $205,219. 77.5% of residents have an income higher than $100K.
Who Is The Wealthiest Person In Florida?
Ken Griffin is the wealthiest person in Florida. He is an American hedge fund manager and is the founder, chief executive officer, co-chief investment officer, and 80% owner of Citadel LLC. Ken Griffin does live Miami. There are many Miami suburbs that are on the list below.
Property club put together a list of cities where the wealthiest residents in Florida live. Below are the 10 richest cities including the richest city in Florida.
10. Longboat Key
Longboat Key comes in at number 10 on this list. Located on the states gulf coast, it is one of the richest cities in Florida. Longboat Key has a population of 7,682 people and a median household income of $108,100. The median selling price of homes in Longboat Key is $1,234,400.
9. Weston
Weston is not only one of the richest cities in the state, but it is also one of the safest. This city has 67,305 residents and a median household income of $113,048 in 2022.
8. Naples
I use to live in the Naples area and yes it is one of the richest cities in Florida. Not only is it one of the richest cities but it is also the one of the best places to retire in the state of Florida. It is cheaper to buy a home over a condo in Naples. The median selling price of homes is only $641,505.
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7. Palmetto Bay
The median sale price on homes in Palmetto Bay is $998,780. It will cost you around $1M to purchase a home but more affordable than Pinecrest. Pinecrest is north of Palmetto Bay.
5. Southwest Ranches
The median household income in Southwest Ranches is $133,750. The median home price is currently $1,259,000.
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4. Parkland
Parkland is also one of the richest cities in Florida. 34,760 people live here and there is a median household income of $159,802.
3. Pincecret
The median household income in Pinecrest is $164,420 and has been steadily rising over the last couple of years. The median sales price in Pinecrest has skyrocketed to $2,040,000.
2. Key Biscayne
Key Biscayne is one of the trendiest suburbs of Miami. The median price of homes being $1,684,000 in 2022.
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1. Palm Beach
Palm Beach comes in at number one on this list and it is the richest city in Florida. The median household income in Palm Beach is $169,500. As of 2022 there were an estimate of 30 billionaires living in Palm Beach. The median sales price for a Palm Beach home is approximately $2,525,000.
(Photo Illustration by Alex Wong/Getty Images)
