Florida is renowned for its sun-soaked beaches and thriving economy. Among its many cities, there are a few that stand out for their affluence and luxurious lifestyles. These cities not only offer stunning real estate and high median incomes but also a quality of life that attracts the wealthy from around the globe. In this blog, we will present you with the list of the top 10 richest cities in Florida, each offering a unique blend of elegance, culture, and comfort.
Top 10 Richest Cities in Florida
You must have heard of Top 10 Neighborhoods in America. But what about the affluent cities in the specific state? And here we are talking about the Great Sunshine. So, discover the opulent charm of the Great Sunshine’s wealthiest cities, where luxurious living meets cultural sophistication. From equestrian estates to waterfront mansions, explore the top 10 wealthiest cities in Florida.
Wellington
Also called the Equestrian Capital of the World, Wellington has a prestigious suburban community and it is a picturesque town located in the Palm Beach County. It is established in mid-20th century and is famous for its well-planned neighborhoods, equestrian facilities, and lush landscape. This place today is regarded as the internationally equestrian destination where it hosts the Winter Equestrian Festival every year. It is a 12-week event that attracts competitors and spectators across the globe.
The real estate market of Wellington is lavish where people live in expensive homes like exclusive Palm Beach Polo and Country Club. These properties have all the amenities like tennis courts, security, and private clubhouses. The town’s median household income is $98,163 and definitely is one of the richest cities in Florida.
Weston
The next in the list of wealthiest cities in Florida is Weston. The place has been attracting many affluent individuals since many years. Its history dates back to the mid-20th century when the location near Fort Lauderdale provided loads of opportunities for trade and commerce. This wealthiest city in Florida is filled with opulent mansions and homes.
Weston Town Center is considered the most luxurious locations of Weston where you can find artisanal shops and salons. You can also see a mix of car rallies, craft shows and wine-tasting events here. Along with the richest city, it is also one of the safest cities in Florida. With a median household income of $132, 900. The public schools in the cities are the best and the median house price is $721, 000.
Parkland
With a population of nearly 34000 people and a median household income of $188, 500, Parkland is located 45 minutes North of Miami. As the name suggest, the place is home to many parks like Pine Trails Park and Sawgrass Nature Center. You can enjoy many outdoor activities here like golfing and horseback riding.
The median sales price for a home here is $1,075,000. Additional cultural and entertainment options are easily accessible here due to the city’s close proximity to Miami and Fort Lauderdale. So, living and moving to Parkland is a perfect choice for urban convenience.
Naples
While many of the richest parts of Florida are located in the Miami metro area, there are some that are located outside. Naples, the world’s golf capital, is one of them. Located on the western side of the state, this richest town of Florida is home to 19,412 people. The place is popular for its world-class golf courses, sandy beaches, luxurious shopping boutiques, and wonderful restaurants. $ 135,700 is the median household income, and the median selling price of homes is nearly $ 604,500.
There are many ultra-high-net-worth individuals and billionaires who live here. You must be surprised to know that Naples has the population of most millionaires per capita as compared to any other city in Florida.
Pinecrest
Pinecrcest comes under the richest cities in Florida, located 25-minute drive from Miami. The residents can have fun and relaxing times here with the magic of Pinecrest gardens having over 1000 different varieties of tropical plants and animals.
The home prices in the city have dramatically risen since 2020. Now the median sales price is $1,980,000 which was $1,150,000 in 2020 and the median household income is $178,100. Some notable attractions of Pinecrest include Fairchild Tropical Botanic Gardens, Evelyn Greer Park, to name a few.
Boca Raton
The history of Boca Raton dates back to the 1920s when Addison Mizner, an architect, declared it as a premier resort community. The design of this place is inspired by the Mediterranean Revival architecture, and you will find exclusive homes here. So, if you are thinking, is Boca Raton a wealthy area? Yes, it definitely is. The city is positioned between West Palm Beach and Miami. And the current median household income is $89,776.
The best part of this city is – No state income tax. Also, you can get plenty of opportunities here in terms of high paying jobs in the sectors like finance, healthcare and technology. The city offers amenities like fine dining, art galleries, high-end retail and open-air center.
Coral Gables
Coral Gables is one of the richest cities in Florida with nearly 49,200 people. Being located in Miami-Dade County, the place is well-known for Mediterranean Revival architecture and lush greenery. The real estate market of Coral Gables has been on an all-time upward trend with $1,364,500 as an average home cost.
With multiple private schools located here, many families prefer to move to Coral Gables. Besides, the place is in close proximity to Brickell (Miami’s financial district), airport and the beaches.
Southwest Ranches
Top-rated schools, an excellent education system, world-class shopping, convenient commuting, and fine dining and entertainment options make Southwest Ranches one of the wealthiest towns in Florida. The town has a low crime rate and a dedicated police department to ensure the safety of its residents. The secure environment here makes it a preferable choice for families to raise their children.
The median household income is $165, 600 and the median home price is currently $1,260,000. Some notable attractions are – Flamingo Gardens, Everglades, Miramar Cultural Center, and many more.
Key Biscayne
An upscale island south of Miami Beach and north of Coconut Grove, Key Biscayne has over 14000 residents and is filled with scenic beaches and beautiful palms swinging in the wind. The islands in Key Biscayne come under some of the richest parts of Florida. Fisher Island and Star Island are some examples of the same.
The popularity of this coastal place is rising. Thus the real estate is pricier here. $1,655,00 is the median price of homes with the median household income of $173,500. Some local favorites of Key Biscayne include – Bill Baggs Cape Florida State Park, Nixon Beach Sandbar, Village Green Park and Key Biscayne Beach.
Miami Shores
The wealthiest city in Florida – Miami Shores is a suburb in the north of Miami. The city has a population of nearly 11,400 people. Moving to Miami Shores is a wise decision to make as the city has all the amenities including recreational facilities, parks, nightlife, restaurants and beaches.
With the aesthetically pleasing mansions and Bayfront vistas, the real estate prices are high here. The median selling price for homes is $960,000, and the median household income is $120 750.
Final Words
In conclusion, the richest cities in Florida offer a unique blend of luxury and culture. From the equestrian estates of Wellington to the upscale island living of Key Biscayne, each city provides a distinct lifestyle and high-quality amenities that attract affluent residents. And if you have made up your mind to move from New York To Florida or to any of the cities mentioned above, you are going the right way.
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