WFCN –
The nation’s wealthiest families, including sports, celebrities, and business magnates, call the posh areas of South Florida home.
A few examples of the small, island enclaves in Miami-Dade County that are among the wealthiest in the country are Fisher Island, Indian Creek, and Golden Beach, all of which are located just outside major urban centers.
Jupiter Island, located in Martin County to the north, is known for its enormous beachfront residences and is often ranked among the wealthiest areas in the country.
A recent survey found that among the bigger South Florida suburbs, Pinecrest and Palm Beach were the most affluent. Using median household income and median property value as wealth indicators, the GoBankingRates analysis examined communities with 5,000 or more households.
On the national list, Pinecrest ranks twenty-first, and Palm Beach is ranked eleventh. The study’s 50-city list includes no other Florida cities except these two.
In the 2020 United States Census, the posh and exclusive Palm Beach recorded a population of 9,245. In this town, the typical family makes over $360,000 each year, and their home is worth over $11 million, as reported by GoBankingRates.
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Nearly twice as large, with 18,000 inhabitants, is Pinecrest, which is situated in South Miami-Dade County. There is a $2.24 million median home price and an average household income of $304,416 in this village.
Listed below are the twenty most affluent American suburbs, as determined by the study:
1. Scarsdale, New York: $1,413,514 for a typical home and $568,942 for an average household
2. The town of Rye in New York State
Home values typically range from $2,119,482 to an average of $405,074 per year.
3. West University Place, Texas: $403,845 per household; typical home worth: $1,605,049
4. Los Altos, California number four
Revenue per capita: $400,817 Median home value: $4,451,059
5. Happy Valley, Arizona
At $3,449,905, the typical home is worth, and the average household earns $385,643.
6. Housing Market in University Park, TX: $2,305,281 on average and $381,235 per capita
7. Hinsdale, Illinois is number seven.
At $1,088,871 per square foot, the typical home is worth $380,479 every year.
8. Household income averages $373,735 and typical property values $1,564,775 in Great Falls, Virginia.
9. Orinda, California. The average home value is $2,078,615 and the average household income is $370,203.
10. Property values in Wellesley, Massachusetts typically range from $1,979,339 to $367,801 per year.
11. Orlando, Florida
Worth: $11,571,608 on average Average income: $365,991 per year
12. The average home in McLean, Virginia is worth $1,541,929, while the average household income is $364,093. 10.
13. Southlake, TX Where the Average Home Is Worth $1,240,766 and the Average Family Makes $360,078
14. Charolais, California
Housing market average: $2,890,788 Average annual income: $342,463
15. Saratoga, California
Home values typically range from $3,981,261 to $329,142 per year.
16. Menlo Park, California
Most homes are worth around $2,810,388 and the average household makes around $316,584.
17. Lafayette, California
The average home is worth $2,001,408, while the average household earns $312,233.
18. California’s La Canada Flintridge
The average property is worth $2,481,526 and the average household earns $310,947.
19. Place in California: Los Gatos
Home values typically range from $2,740,764 to $305,653.
20. Fort Pinecrest, Florida
Value of the typical home: $2,243,489 Monthly income: $304,416