Palm Beach is a somewhat small coastal town (i.e. on the ocean, a bay, or inlet) located in the state of Florida. With a population of 9,493 people and five associated neighborhoods, Palm Beach is the 219th largest community in Florida.
Palm Beach home prices are not only among the most expensive in Florida, but Palm Beach real estate also consistently ranks among the most expensive in America.
Of important note, Palm Beach is also a town of artists. Palm Beach has more artists, designers and people working in media than 90% of the communities in America. This concentration of artists helps shape Palm Beach’s character.
Telecommuters are a relatively large percentage of the workforce: 39.97% of people work from home. While this number may seem small overall, as a fraction of the total workforce it is high relative to the nation. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
Another notable thing is that Palm Beach is an extremely popular destination for tourists and seasonal residents. So much of the population is seasonal such that the town’s population swells significantly during the vacation season, and drops again when the season ends. Because of this, much of the local economy is centered around tourism; some businesses may be operated only during the high season. During the low season, year-round residents will notice that the city is a substantially quieter place to live.
In addition, Palm Beach is home to many people who could be described as "urban sophisticates", which are people who are not only wealthy and employed in professional occupations, but highly educated to boot. Urban sophisticates have urbane tastes - whether they reside in a big or small city, a suburb, or a little town. Urban sophisticates support bookstores, quality clothing stores, enjoy luxury travel, and in big cities, they are truly the patrons of the arts, attending and supporting institutions such as opera, symphony, ballet, and theatre.
Palm Beach is also nautical, which means that parts of it are somewhat historic and touch the ocean or tidal bodies of water, such as inlets and bays. Such areas are often places that visitors and locals go for waterfront activities or taking in the scenery.
Do you like to read, write and learn? If you move to Palm Beach, you'll likely find that many of your neighbors like to as well. Palm Beach is one of the more educated communities in America, with a full 69.96% of its adults having a college degree or even advanced degree, compared to a national average across all communities of 21.84%.
The per capita income in Palm Beach in 2022 was $211,607, which is wealthy relative to Florida and the nation. This equates to an annual income of $846,428 for a family of four.
The people who call Palm Beach home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Palm Beach residents report their race to be White, followed by Asian. Important ancestries of people in Palm Beach include English, German, Irish, Italian, and Polish.
Foreign born people are also an important part of Palm Beach's cultural character, accounting for 17.52% of the town’s population.
The most common language spoken in Palm Beach is English. Other important languages spoken here include Spanish and German/Yiddish.