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10 Wealthiest Cities In Florida
Editor’s Note: Data has been updated for 2019. This is our fifth time ranking the richest cities in Florida. Swipe left for slideshow. Article continues below.
If you had all of the money in the world, where would you live? What would you do? Would you save up everything and live frugality or live a lavish lifestyle?
In 2017, the U.S. Census Bureau estimated that the average income of an American is $59,039. This middle-class income won’t get you a house in Los Altos Hills or a flat in Manhattan. But what if you made more than the middle class, what if you were in the infamous 1%?
When we think of rich housing, places like California, New York, or Chicago usually come to mind. But what about other states? What about if you lived someplace in the South, say, Florida?
The South is usually known for its affordability in living, but Florida is a major retirement destination for all those 1% families finishing off their careers. Who wouldn’t want to live in a fancy beach house and visit Disney whenever they wanted?
There are massive neighbors and even cities dedicated to elite retirement communities. There are beachfront houses valued in the millions. You can even add in a yacht or two if you wanted to spice things up along the coast.
So Florida is filled with a bunch of rich folks. Florida is also a pretty large state. Where do the 1% live in Florida?
Luckily for you, HomeSnacks has crunched the numbers for you to determine where the richest of the rich live in Florida.
At the end of the day, here’s the set of the 10 richest places in Florida for 2019:
We analyzed 215 places in Florida to determine where the 1% live in this state. We took several “richness” indicators into account, including home values, unemployment, and poverty level to calculate our richest city: Palm Beach.
It’s no surprise if you take a look at home values in Palm Beach that this city is loaded with America’s elite. If Palm Beach isn’t your favorite place to tan, you’ve got several other options, including Longboat Key.
If you look at the pictures of these rich cities, you will probably start trying to see how you can boost your own income to move there. Florida really has only one downside and that is hurricanes. But if you are that rich, even an intense weather event won’t blow away your money.
Interested to see how your favorite Florida cities stacked up? Keep reading for a more detailed look at our top 10 and to learn more about our methodology.
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