To accurately quantify the richest city in Florida, we have used the median household income (MHI) of 2017-2021 and the percentage of people in poverty. Below is a comprehensive list of the richest cities in Florida. For the accuracy and reliability of this publication, data is retrieved from the United States Census Bureau.
Richest City in Florida 2023
1. Parkland City – $174,295 MHI
Parkland is the richest city in Florida, with a median household income of $174,295 and only 4.1% of the population lives in poverty. This city had a per capita income of $63,078 from 2017 to 2021 was also high than the median household income of some states. This city’s poverty level is quite lower than most cities in Florida.
2. Naples City – $125,306 MHI
Naples City is the second richest city in Florida. It has a median household income of $125,306. This city’s per capita income of $126,941 is higher than its median household income. The poverty level is also low at 6.4%.
3. Weston City – $122,929 MHI
The third position of the richest city in the state of Florida is Weston City. It has a median household income of $122,929.
Unlike Naples City, the per capita income of this city is less than half its median household income. The city has a per capita income of $52,452; only 5.7% of the population lives in poverty.
4. Coral Gables City – $113,623 MHI
Coral Gables City is the fourth richest in Florida. The city has a median household income of $113,623 and a per capita income of $71,623. At least 7.5% of this city’s population lives in poverty.
5. Cooper City – $113,147 MHI
Cooper City comes in as the fifth richest city in the state of Florida. The median household income of the city dwellers is $113,147, and at least 4.4% of the population is in poverty.
The per capita income of this state is not as high. From the latest official data, it had a per capita income of $45,337 in the last twelve months of 2017-2021.
6. Oviedo City – $103,882 MHI
This city is the sixth richest in Florida. It has a median household income of $103,882 and a per capita income of $40,415. Poverty levels are quite low, with only 5.8% of the population living in poverty.
7. Sanibel City – $103,413 MHI
Sanibel City takes the seventh position. This is after official data revealed that between the years 2017-2021, the median household income of the city dwellers was $103,413. The city’s per capita income was $107,950. It is the second city on our list whose per capita income is high than the median household income.
However, the poverty level is higher than in other rich cities. At least 6.9% of city dwellers live in poverty.
8. Jacksonville Beach City – $99,933 MHI
Jacksonville Beach City takes the eighth position with a median household of $99,933. It is the first city on our list whose median household income is below $100,000. In a city with a $65,452 per capita income, 7% live in poverty.
9. Palm Beach Gardens City – $99,734 MHI
Palm Beach Gardens City is the ninth richest city in Florida. It closely follows Jacksonville Beach City, these two being set aside by a slight margin.
The median household income of Palm Beach Gardens City is $99,734. It has a $72,927 per capita income, and 6.1% of its dwellers live in poverty.
10. Gulf Breeze City – $99,256 MHI
The tenth position of the richest city in Florida is taken by Gulf Breeze. This city has a median household income of $99,256, and 4.4% of the city dwellers live in poverty. The per capita income of Gulf Breeze City is $70,124.
11. Neptune Beach City – $98,856 MHI
This city is eleventh, with a median household income of $98,856. The per capita income of Neptune Beach City is $64,394. 6.5% of city dwellers live in poverty.
12. Safety Harbor City – $96,365 MHI
Safety Harbor City is the twelfth richest city in Florida, with just 5.7% of residents living in poverty. The city has a median household income of $96,365 and a per capita income of $47,010.
13. St. Pete Beach City – $95,448 MHI
At the thirteenth position is St. Pete Beach City, with 7.1% of city dwellers living in poverty. The city has a per capita income of $75,388. The median household income of St. Pete Beach City is $95,448.
14. Lake Mary City – $94,770 MHI
Lake Mary City has a median household income of $94,770 and $52,025 per capita income. The city has the lowest percentage of people living in poverty. Just 3.5% of city dwellers live in poverty. It is such a low percentage that most cities would wish to attain.
15. Marco Island City – $93,134 MHI
The fifteenth position of the richest city in Florida is Marco Island City. It gets this position with its median household income of $93,134. 5.8% of people who reside in this city live in poverty.
The city has a quite higher per capita income of $78,002. This is higher than the median household income of most cities in Florida.
16. Satellite Beach City – $92,750 MHI
With a median household income of $92,750 and $45,646 per capita income, it is sixteenth on our list. The city has the second lowest percentage of people living in poverty.
It has 3.6% of people living in poverty, following Lake Mary City, with 3.5% of city dwellers living in poverty
17. Atlantic Beach City – $92,056 MHI
Atlantic Beach City takes this position with a median household income of $92,056. It is among the cities with the lowest percentage of city dwellers living in poverty.
With 4.2% of the population living in poverty, it is slightly above cities like Lake Mary, Satellite Beach and Parkland. This city has a per capita income of $64,350.
18. Winter Garden City – $90,157 MHI
This city has the highest percentage of residents living in poverty. 10.3% is the highest percentage of people living in poverty in a rich city that we have on our list.
The city has a median household income of $90,157 and a per capita income of $37,351. This is the lowest per capita income of all Florida cities on our list.
19. Boca Raton City – $89,776 MHI
Boca Raton City is the first on our list whose median household income was below $90,000. Precisely, it has a MHI of $89,776 and $63,095 in per capita income. 9.2% of the city residents live in poverty, among the highest poverty levels on our expansive list.
20. Winter Park City – $88,688 MHI
The last on our list is Winter Park City. It has a median household income of $88,688, and 8.8% of the population lives in poverty. The per capita income of Winter Park City is $67,032.
