Florida famously called Sunshine State is known for its sun-kissed beaches, vibrant culture, and booming economy. This thriving state boasts impressive wealth concentrated in some of its most illustrious cities.
In this blog post, we have delved into extensive research to unveil the richest areas that Florida has to offer. Our findings will not only pique your curiosity but may also assist you in making informed decisions about relocation or investment opportunities.
From opulent mansions to upscale shopping centers and elite neighborhoods, these affluent Floridian cities exemplify the finest living standards anyone could dream of.
Featuring strong economies with high median incomes and skyrocketing home values, they stand apart as beacons of prosperity and success.
Join us as we embark on a journey through luxurious communities, pristine beachfront properties, and economic powerhouses that make up the wealthiest cities in Florida.
Let’s discover these glimmering jewels nestled within Florida’s tropical landscape!
12 Richest Cities in Florida
Here are the 12 most affluent places in Florida.
12. Key Largo
Key Largo, located in the upper Florida Keys, is regarded as one of Florida’s wealthiest cities. Known for its spectacular coral reefs and high-end real estate, Key Largo boasts a prime location for luxury living and posh beachfront properties.
The city’s median household income stands at approximately $66,463 per US Census Bureau, highlighting its affluent status among Floridian communities.
The population of Key Largo is around 10,854 residents who enjoy an exclusive residential area that features top-notch educational institutions and cultural attractions. Notably, housing prices range from $500K to well over $1 million according to Zillow.
With a low crime rate of 65% lower than the national average and proximity to stunning natural environments such as John Pennekamp Coral Reef State Park, it’s no surprise that Key Largo remains a popular choice for those looking for upscale communities in the Sunshine State.
Surfside is a charming town in southern Florida, known for its affluent and laid-back atmosphere. Nestled between Miami Beach and Bal Harbour, this coastal community boasts an extensive shoreline with pristine beaches that make it attractive to wealthy individuals seeking a luxurious lifestyle.
The real estate market in Surfside consists of upscale single-family homes and posh beachfront properties, with median home prices around $1.5 per Realtor. According to Data USA, the median household income stands at approximately $57,775.
With a population of about 5,689 residents based on US Census Bureau data, Surfside maintains a low crime rate compared to neighboring areas.
The exclusive residential area offers excellent investment opportunities as property values continue to appreciate over time. Cultural and recreational attractions abound within the vicinity too.
10. Key West
Key West, known for its stunning beaches and vibrant cultural scene, is among the richest places in Florida. This affluent Floridian community boasts a median household income of approximately $73,029 according to Data USA.
The city’s prosperous atmosphere is evident through its posh beachfront properties and exclusive residential areas catering to high-income residents.
Despite being at the southernmost point of the United States, Key West has a relatively high population of around 26,444 people as per the U.S. Census Bureau.
This thriving tourist destination offers various top-notch educational institutions and recreational attractions that cater to the sophisticated lifestyle desired by many residents.
In terms of real estate, Key West features some upscale homes with an average property value estimated at about $1,023,604 as stated by Zillow.
9. Marco Island
Marco Island, located on the southwestern coast of Florida, is a prime example of luxury living in an upscale community. Known for its stunning beaches and beautiful scenery, this island paradise is home to some of Florida’s most expensive real estate.
According to Realtor, the median home value in Marco Island is around $1.3 million. The population stands at approximately 16,307 residents, with a median household income estimated at $93,134 according to US Census Bureau.
This high-income city boasts top-notch educational institutions and offers a safe environment with low crime rates 72% lower than the national average per AreaVibes.
Spanish influences can be found throughout the island’s rich culture and architectural designs. Residents also have access to cultural and recreational attractions such as art galleries, fine dining establishments, golf courses, and marinas.
8. Coral Gables
Coral Gables is an upscale community with a rich history that boasts elegant Mediterranean charm and tree-lined streets. The Florida Demographics by Cubit reports a population of around 49,269 residents and a median household income of $103,999 according to Data USA.
Zillow reveals the average home value in Coral Gables is about $1.2 million – reflecting the luxurious lifestyle it offers. The crime rate in this city is lower than the national average – perfect for families and professionals.
Education plays a significant role here as top-notch institutions like the University of Miami cater to residents seeking quality options.
Coral Gables offers various cultural and recreational attractions such as Fairchild Tropical Botanic Garden, Venetian Pool, Miracle Mile shopping district plus art galleries and museums.
Naples, located on Florida’s southwest coast, is synonymous with luxury living and often regarded as one of the state’s wealthiest cities. The city boasts a median household income of approximately $125,306 per U.S. Census Bureau data, reflecting its high-income status.
Real estate in Naples is highly sought-after due to its posh beachfront properties and upscale communities. Zillow estimates the average home value to be around $584,116, showcasing the premium lifestyle this coastal enclave offers.
Safety is a priority in Naples as it enjoys a crime rate lower than the national average. With a population of about 19,115 residents according to the U.S Census Bureau, Naples is an exclusive residential area offering both tranquility and elite amenities.
Living in Naples provides access to diverse recreational activities such as pristine beaches, golf courses like Tiburón Golf Club and Raptor Bay Golf Club, and shopping centers such as Waterside Shops and Mercato Mall.
6. Miami Shores
Miami Shores is a charming village located near Biscayne Bay, one of Florida’s wealthiest cities with its prestigious neighborhoods and beautiful surroundings. This exclusive residential area enjoys a high median household income of around $127,721 per U.S. Census Bureau data.
Real estate in Miami Shores features luxurious and diverse properties catering to affluent tastes. As per Zillow, the average home value in this village is an impressive $983,658. The downside of this place is the high crime rates which stand at 134% higher than the national average.
According to the U.S. Census Bureau, the population stands at approximately 11,569 residents. Education plays a vital role here as it hosts highly-rated schools like Barry University for residents seeking exceptional academic opportunities.
Leisure options abound in this upscale community—enjoy its picturesque parks or take part in various cultural events throughout the year at venues like The Sandrell Rivers Theater.
5. Southwest Ranches
Southwest Ranches, situated in Broward County, is a unique and affluent town in FL known for its rural atmosphere and commitment to preserving the natural environment. The U.S. Census Bureau reports a population of about 7,606 residents who enjoy spacious properties amid lush greenery.
The real estate market here caters primarily to high-income buyers seeking expansive estates and equestrian facilities. According to Zillow estimates the average home value in Southwest Ranches stands at around $1.1 million – reflecting its luxurious offerings.
Southwest Ranches has an impressive median household income of approximately $139,980 according to U.S. Census Bureau. The exclusive nature of Southwest Ranches also allows for outdoor activities like horseback riding along picturesque trails or visits to nearby wildlife sanctuaries.
4. Palmetto Bay
Palmetto Bay is a thriving suburban village in Miami-Dade County, recognized as one of Florida’s wealthiest cities with its quality lifestyle and family-friendly environment.
The U.S. Census Bureau reports an approximate population of 24,445 residents who enjoy the city’s beautiful landscapes and well-maintained neighborhoods. U.S. Census Bureau data indicates that Palmetto Bay has an impressive median household income of around $131,605.
The average home value in this upscale community is about $1.2 million per Realtor – showcasing its desirable real estate offerings. Safety is a priority in Palmetto Bay; the crime rate is lower than national averages.
Education is highly valued here, with top-notch public schools like Coral Reef Senior High School and private institutions such as Palmer Trinity School catering to students’ needs.
Residents can indulge in various recreational activities within this elite enclave; options include visiting nearby parks like Thalatta Estate Park or participating in vibrant community events throughout the year. Proximity to Biscayne Bay also offers easy access to water sports activities and pristine beaches for relaxation.
3. Key Biscayne
Key Biscayne is a captivating island town just off the coast of Miami and is widely acknowledged as one of Florida’s richest cities. This idyllic enclave takes pride in its low crime rate (34% lower than the national average per AreaVibes), ensuring safety for families and residents alike.
Real estate in Key Biscayne boasts high-end beachfront properties and upscale condominiums with magnificent ocean views. Based on Zillow data, an average home value on this island paradise hovers around $1.5 million – indicative of its premium lifestyle offerings.
Per U.S. Census Bureau data, the city has a population of around 14,809 residents who enjoy this exclusive community’s relaxed and luxurious atmosphere. A notable median household income of about $167,990 per U.S. Census Bureau data underlines the affluence inherent to Key Biscayne.
Leisure options are plentiful in Key Biscayne; Crandon Park offers pristine beaches, tennis courts, and other amenities for outdoor enthusiasts while Bill Baggs Cape Florida State Park houses a historic lighthouse perfect for exploration.
Parkland, nestled in northwest Broward County, is a sophisticated city renowned for its upscale communities and charming landscapes in Florida.
One of Florida’s wealthiest cities, Parkland boasts an approximate population of 36,895 residents while a median household income of around $174,295 according to the U.S Census Bureau data.
The real estate market in Parkland caters primarily to high-income buyers with elegant properties set amid lush greenery. Recent data from Zillow shows that the average home value here is about $1 million.
Safety is valued in Parkland as it maintains crime rates of 75% lower than the national average per AreaVibes. The city also offers top-notch educational institutions like Marjory Stoneman Douglas High School for families seeking quality academic opportunities.
You can enjoy various recreational facilities within this exclusive enclave such as Equestrian Center at Temple Park and Doris Davis Forman Wilderness Preserve. Cultural attractions are easily accessible too; the Parkland Library hosts diverse activities for all ages throughout the year.
Pinecrest, an exclusive residential area in Miami-Dade County, ranks among the most prosperous cities in FL with beautiful neighborhoods and high-income residents. The U.S. Census Bureau data shows a population of approximately 17,973 people and a median household income of $166,801.
According to Zillow’s recent estimates, the average home value in Pinecrest is around $1.7 million – highlighting its expensive real estate offerings. Education plays a significant role here as well; top-notch educational institutions such as Palmetto Senior High School enhance the village’s appeal.
Cultural attractions at venues like Pinecrest Gardens or Village Green Park and recreational opportunities at local parks make this village an attractive investment opportunity for those seeking luxury living amid exceptional amenities and natural beauty that characterize Florida’s wealthiest cities.