Florida is home to some of the richest people in America including billionaires Thomas Petterfy and Carl Icahn as well as many celebrities and pro athletes. Here is a list of the richest cities and towns in Florida.
Richest Cities in Florida
1. Fisher Island, FL
Fisher Island is the richest city in Florida. It is a very exclusive island near Miami- so private that you can’t go in without security clearance! It’s that exclusive.
The pampered residents of Fisher Island enjoy the best of the best- golf, tennis, spa, restaurants, and most importantly privacy.
Fisher Island residents are ultra wealthy with a mean household income of $550,855.
Home values in Fisher Island are extremely high with a median sale price of $5,809,000. Most of the homes in Fisher Island are primarily owner-occupied with only 7.1% rentals and 92.9% owner-occupied.
Fisher Island has a population of 561. Its affluent residents are well educated with 83.9% of residents graduating with a bachelor’s degree or higher. There are many senior citizens in Fisher Island with 61.0% of residents aged 65 years old and older.
| Mean Household Income | $550,855 |
| Bachelor’s Degree or Higher | 83.9% |
| Median Sale Price of Residential Properties | $5,809,000 |
2. Golden Beach, FL
Golden Beach is one of the wealthiest cities in Florida. It is home to some of the richest people in Florida. Residents of Golden Beach live the good life- stunning beachfront properties, private beaches, and a short drive to Miami.
Located in Florida’s Miami-Dade County, Golden Beach residents are wealthy with a mean household income of $370,512. The poverty rate of Golden Beach is very low at 2.8%.
Home values in Golden Beach are high with a median sale price of $12,150,000. Most of the homes in Golden Beach are primarily owner-occupied with only 3.5% rentals and 96.5% owner-occupied.
Golden Beach is a small affluent community with a population of 961. Its well-to-do residents are educated with 79.7% of residents graduating with a bachelor’s degree or higher.
Lots of families live in Golden Beach with 22% of Golden Beach residents under 18 years old. The average commute to work for Golden Beach’s residents is 28 minutes.
| Mean Household Income | $370,512 |
| Bachelor’s Degree or Higher | 79.7% |
| Median Sale Price of Residential Properties | $12,150,000 |
3. Manalapan, FL
Manalapan is one of the richest towns in Florida. Residents of this private enclave enjoy the resort lifestyle while also enjoying the added convenience of having shops and restaurants at Worth Avenue on Palm Beach nearby.
Manalapan residents are wealthy with a mean household income of $364,292. The poverty rate of Manalapan is almost non-existent at 1.6%.
Home values in Manalapan are high with a median sale price of $10,364,000. Most of the homes in Manalapan are primarily owner-occupied with only 1.3% rentals and 98.7% owner-occupied.
Manalapan is a small community with a population of 419. There are many senior citizens in Manalapan with 57.9% of residents aged 65 years old and older. The average commute to work for Manalapan’s residents is 24 minutes.
| Mean Household Income | $364,292 |
| Bachelor’s Degree or Higher | 67.6% |
| Median Sale Price of Residential Properties | $10,364,000 |
Check out the Richest Neighborhoods in Miami
4. Indian Creek, FL
Indian Creek is one of the richest cities in Florida. It’s an ultra exclusive, residential neighborhood of waterfront homes. Indian Creek residents live the pampered, country club lifestyle.
Homeowners rub shoulders with the millionaires and billionaire members of the ultra-exclusive Indian Creek Country Club.
Indian Creek is where the rich live in Miami- VIPs, billionaires and pro athletes live in Indian Creek where the median sale price of the luxury mansions is an eye-popping $23,169,000!
| Mean Household Income | $245,438 |
| Bachelor’s Degree or Higher | 66.7% |
| Median Sale Price of Residential Properties | $23,000,000+ |
5. Parkland, FL
Parkland ranks among the wealthiest cities in Florida. Parkland residents enjoy life in a rural residential setting. There is also a vibrant and active equestrian community at Parkland.
Located in Florida’s Broward County, Parkland residents are wealthy with a mean household income of $204,982. The poverty rate of Parkland is 4.1%.
The median sale price of homes in Parkland is $1,035,000. Most of the homes in Parkland are primarily owner-occupied with only 13.6% rentals and 86.4% owner-occupied.
Parkland has a population of 34,670. Lots of families live in Parkland with 32.6% of Parkland residents under 18 years old. The average commute to work for Parkland’s residents is 31.3 minutes.
| Mean Household Income | $204,982 |
| Bachelor’s Degree or Higher | 66.7% |
| Median Sale Price of Residential Properties | $1,035,000 |
6. Palm Beach, FL
Palm Beach is one of the richest towns in Florida. Home to celebrities and billionaires, Palm Beach residents have it all- exclusive country clubs, waterfront mansions, private beaches, luxury resorts, and upscale shops and restaurants.
Palm Beach residents are wealthy with a mean household income of $332,764. The poverty rate of Palm Beach is 3.9%.
Home values in Palm Beach are high with a median sale price of $2,140,000. Most of the homes in Palm Beach are primarily owner-occupied with only 16.2% rentals and 83.8% owner-occupied.
Palm Beach has a population of 9,245. There are many senior citizens in Palm Beach with 63.0% of residents aged 65 years old and older. The average commute to work for Palm Beach’s residents is 24.1 minutes.
| Mean Household Income | $332,764 |
| Bachelor’s Degree or Higher | 68.6% |
| Median Sale Price of Residential Properties | $2,140,000 |
7. Key Biscayne, FL
Key Biscayne is one of the richest towns in Florida. Located on an island minutes from Miami, Key Biscayne residents enjoy resort living with beautiful white sand beaches.
Key Biscayne residents are wealthy with a mean household income of $245,008. The poverty rate of Key Biscayne is 7.6%, which is much lower than Florida’s 13% poverty rate.
Home values in Key Biscayne are high with a median sale price of $1,555,000. Most of the homes in Key Biscayne are primarily owner-occupied with 30.9% rentals and 69.1% owner-occupied.
Key Biscayne has a population of 14,809. Its affluent residents are well educated with 73.7% of residents graduating with a bachelor’s degree or higher.
Lots of families live in Key Biscayne with 32.3% of Key Biscayne residents under 18 years old. While there are only 14.3% senior citizens in Key Biscayne. The average commute to work for Key Biscayne’s residents is 25.5 minutes.
| Mean Household Income | $245,008 |
| Bachelor’s Degree or Higher | 73.7% |
| Median Sale Price of Residential Properties | $1,555,000 |
8. Pinecrest, FL
Pinecrest is one of the richest suburbs of Miami. It is an affluent community with gated driveways, beautiful parks, and a family-friendly vibe.
Located in Florida’s Miami-Dade County, Pinecrest residents are wealthy with a mean household income of $268,286. The poverty rate of Pinecrest is 7.7%.
The median sale price of homes at Pinecrest is $1,961,000. Most of the homes in Pinecrest are primarily owner-occupied with only 19.4% rentals and 80.6% owner-occupied.
Pinecrest has a population of 18,388. Its affluent residents are well educated with 69.9% of residents graduating with a bachelor’s degree or higher.
Lots of families live in Pinecrest with 27.5% of Pinecrest residents under 18 years old. The average commute to work for Pinecrest’s residents is 29 minutes.
| Mean Household Income | $268,286 |
| Bachelor’s Degree or Higher | 69.9% |
| Median Sale Price of Residential Properties | $1,961,000 |
9. Southwest Ranches, FL
Southwest Ranches is one of the richest towns in Florida. Home to many celebrities and pro-athletes, Southwest Ranches residents have it all- a private rural residential setting yet within a short drive to Miami and Fort Lauderdale.
It is located in Florida’s Broward county. Southwest Ranches residents are wealthy with a mean household income of $210m757. The poverty rate of Southwest Ranches is 5.7%.
Home value is high in Southwest Ranches with a median sale price of $1,529,000. Most of the homes in Southwest Ranches are primarily owner-occupied with only 3.4% rentals and 96.6% owner-occupied.
Southwest Ranches has a population of 7,607. Its affluent residents are well educated with 50.5% of residents graduating with a bachelor’s degree or higher.
Lots of families live in Southwest Ranches with 23.4% of Southwest Ranches residents under 18 years old. There are also many senior citizens in Southwest Ranches with 20.8% of residents aged 65 years old and older.
The average commute to work for Southwest Ranches’ residents is 27.5 minutes.
| Mean Household Income | $210,757 |
| Bachelor’s Degree or Higher | 50.5% |
| Median Sale Price of Residential Properties | $1,529,000 |
10. Palmetto Bay, FL
Palmetto Bay is an affluent suburb of Miami. Palmetto Bay residents enjoy waterfront living, and beautiful beaches within close proximity to Miami.
It is located in Florida’s Miami-Dade county. Palmetto Bay residents are well off with a mean household income of $181,566. The poverty rate of Palmetto Bay is 5.7%.
Most of the homes in Palmetto Bay are primarily owner-occupied with 20.8% rentals and 79.2% owner-occupied. The median sale price for homes in Palmetto Bay is $924,000.
Palmetto Bay has a population of 24,439. Its affluent residents are well educated with 59.7% of residents graduating with a bachelor’s degree or higher.
Lots of families live in Palmetto Bay with 25.2% of Palmetto Bay residents under 18 years old. There are many senior citizens in Palmetto Bay with 13.7% of residents aged 65 years old and older.
The average commute to work for Palmetto Bay’s residents is 36.4 minutes.
| Mean Household Income | $181,566 |
| Bachelor’s Degree or Higher | 59.7% |
| Median Sale Price of Residential Properties | $924,000 |
11. Miami Shores, FL
Miami Shores is one of the wealthiest suburbs of Miami. It’s a charming residential village with art deco and Mediterranean inspired architecture. Residents of Miami Shores enjoy the peace and quiet of suburban living and close proximity to Miami and Miami Beach.
It is located in Florida’s Miami-Dade county. Miami Shores residents are well-off with a mean household income of $165,746. The poverty rate of Miami Shores is 5.6%.
Most of the homes in Miami Shores are primarily owner-occupied with only 13.8% rentals and 86.2% owner-occupied. The median sale price of homes in Miami Shores is $1,009,000.
Miami Shores has a population of 11,567. Its affluent residents are well educated with 60.7% of residents graduating with a bachelor’s degree or higher.
Lots of families live in Miami Shores with 20.4% of Miami Shores residents under 18 years old. There are many senior citizens in Miami Shores with 12.7% of residents aged 65 years old and older.
The average commute to work for Miami Shores’ residents is 29.9 minutes.
| Mean Household Income | $165,746 |
| Bachelor’s Degree or Higher | 60.7% |
| Median Sale Price of Residential Properties | $1,009,000 |
12. Naples, FL
Naples is one of the richest cities in Florida. It’s an affluent city with exclusive country clubs, waterfront homes, luxury resorts and upscale shopping and dining.
It is located in Florida’s Collier county. Naples residents are affluent with a mean household income of $248,988. The poverty rate of Naples is 6.4%.
Most of the homes in Naples are primarily owner-occupied with only 18.8% rentals and 81.2% owner-occupied. The median sale price of homes in Naples is $713,000.
Naples has a population of 19,115. Its affluent residents are well educated with 61.7% of residents graduating with a bachelor’s degree or higher. There are many senior citizens in Naples with 52.9% of residents aged 65 years old and older. The average commute to work for Naples residents is 22.1 minutes.
| Mean Household Income | $248,988 |
| Bachelor’s Degree or Higher | 61.7% |
| Median Sale Price of Residential Properties | $713,000 |
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