Which Is Richer Palm Beach Or West Palm Beach?
The question of which is richer Palm Beach or West Palm Beach can be a difficult one to answer. Both locations are affluent, but which one is more so? Let’s take a look at the facts.
Palm Beach is located along the eastern coast of Florida, west of West Palm Beach. It is an exclusive island community of just 10 square miles with a population of around 8,000 people. It is considered one of the wealthiest communities in the United States, with a median household income of around $140,000.
West Palm Beach is a city located along the eastern coast of Florida, north of Palm Beach. It has a population of around 110,000 people and covers an area of 56 square miles. It is considered one of the wealthiest communities in the United States, with a median household income of around $55,000.
When comparing the two, it is clear that Palm Beach is the wealthier of the two. The median household income for Palm Beach is nearly three times as high as that of West Palm Beach. In addition, the median home value in Palm Beach is significantly higher than that of West Palm Beach. According to Zillow, the median home value in Palm Beach is $1,155,157, while in West Palm Beach it is $231,217. This is a substantial difference in median home values.
Overall, it is clear that Palm Beach is the wealthier of the two. It has a higher median household income and significantly higher median home values. If you are looking for a luxurious and affluent lifestyle, then Palm Beach is the best option.
Comparing Wealth Of Palm Beach And West Palm Beach
When comparing the wealth of Palm Beach and West Palm Beach, it’s important to take a look at the cost of living, average income, and other factors. Palm Beach is an affluent town located on the east coast of Florida, while West Palm Beach is its neighbor just across the Intracoastal Waterway.
Cost of living is one of the most important metrics for determining the relative wealth of an area. The median home value in Palm Beach stands at $1.3 million, while the median in West Palm Beach is a more affordable $291,651. The cost of living in Palm Beach is significantly higher than that of West Palm Beach, making it the more expensive place to live.
When it comes to average income, the two cities are more similar. The median household income in Palm Beach is $65,991, and in West Palm Beach it’s slightly lower at $57,448. While the average income in Palm Beach is higher, West Palm Beach offers more affordable housing and a wide selection of jobs.
The table below summarizes the differences between Palm Beach and West Palm Beach:
| Category | Palm Beach | West Palm Beach |
|---|---|---|
| Median Home Value | $1.3 million | $291,651 |
| Cost of Living | High | Low |
| Median Household Income | $65,991 | $57,448 |
When looking at the data, it’s clear that Palm Beach is significantly wealthier than West Palm Beach. However, West Palm Beach offers more affordable housing and a wide range of job opportunities. Ultimately, it’s up to each individual to decide which city is the right fit for them.
Exploring The Richest Suburbs Of West Palm Beach
If you’ve been wondering about the riches suburbs of West Palm Beach, you’re in the right place. Here, we explore the most affluent enclaves in and around the city, and compare them with their counterparts in Palm Beach. Is one city richer than the other? Read on to find out.
When it comes to identifying the wealthiest areas of West Palm Beach, it’s important to understand the three primary zip codes that define the city’s economic makeup. These are 33417, 33418 and 33401. The 33417 zip code encompasses the downtown area, the most affluent part of West Palm Beach. It is home to many high-end shops, restaurants and luxury condos. The 33418 zip code is located to the north and includes the well-to-do suburbs of North Palm Beach and Palm Beach Gardens, while the 33401 zip code is located to the south and includes the more exclusive neighborhoods of Wellington and Royal Palm Beach.
In terms of average household income, the 33417 zip code is the highest, with a median income of $87,096. The 33418 zip code follows closely behind with a median income of $76,795, while the 33401 zip code has a median income of $73,356. These figures demonstrate that West Palm Beach is home to some of the wealthiest neighborhoods in the entire state of Florida.
When comparing West Palm Beach to its neighbor, Palm Beach, the latter is the wealthier of the two cities. The median household income is $90,717, compared to the $81,086 in West Palm Beach. However, there are many affluent enclaves in both cities and the cost of living is similar across all areas. Moreover, both cities offer easy access to the beaches, shopping, entertainment and cultural attractions.
To help you get a better idea of the wealth of West Palm Beach and its suburbs, we’ve listed the five most affluent neighborhoods in each zip code. Here’s how they compare:
| Zip Code | Neighborhoods | Median Household Income |
|---|---|---|
| 33417 | Clematis Street, City Place, The Flats, The Island, and The Island of Palm Beach | $106,795 |
| 33418 | North Palm Beach, Palm Beach Gardens, Golden Lakes, Old Marsh, and Old Palm | $93,694 |
| 33401 | Wellington, Royal Palm Beach, PGA National, The Acreage, and Forest Hill | $87,421 |
In conclusion, both West Palm Beach and Palm Beach are affluent cities, with the latter having a slightly higher median household income. However, there are numerous luxurious neighborhoods within each city, and the cost of living is comparable in both places. Whether you’re looking for an affluent lifestyle or just want to be close to the city’s many attractions, West Palm Beach is the perfect place to explore.
[toggles][toggle title=”What is the population of Palm Beach?”] Palm Beach has a population of 8,348, according to the 2010 US Census. [/toggle][toggle title=”What is the population of West Palm Beach?”] West Palm Beach has a population of 99,919, according to the 2010 US Census. [/toggle][toggle title=”What is the median household income in Palm Beach?”] According to the 2010 US Census, the median household income in Palm Beach is $140,872. [/toggle][toggle title=”What is the median household income in West Palm Beach?”] According to the 2010 US Census, the median household income in West Palm Beach is $48,746. [/toggle][toggle title=”Which city is larger, Palm Beach or West Palm Beach?”] West Palm Beach is larger than Palm Beach, with a population of 99,919 compared to 8,348. [/toggle][toggle title=”Which city is richer, Palm Beach or West Palm Beach?”] Palm Beach is the richer of the two cities, with a median household income of $140,872 compared to West Palm Beach’s median household income of $48,746. [/toggle][toggle title=”What is the cost of living in Palm Beach?”] According to Numbeo, the cost of living in Palm Beach is approximately 5% more expensive than the US average. [/toggle][toggle title=”What is the cost of living in West Palm Beach?”] According to Numbeo, the cost of living in West Palm Beach is approximately 1% more expensive than the US average. [/toggle][toggle title=”What type of housing is available in Palm Beach?”] Palm Beach offers a variety of housing options, including single-family homes, apartments, condos, and townhouses. [/toggle][toggle title=”What type of housing is available in West Palm Beach?”] West Palm Beach offers a variety of housing options, including single-family homes, apartments, condos, and townhouses. [/toggle][/toggles]