WRE News: Palm Beach & Pinecrest Rank Among America’s Wealthiest Suburbs

Palm Beach & Pinecrest, FL – July 9, 2024 – South Florida is home to some of the nation’s most exclusive neighborhoods, with Palm Beach and Pinecrest topping the list.

Palm Beach, known for its luxury and exclusivity, has an average household income of $365,991 and an average home value exceeding $11 million, placing it 11th on GoBankingRates’ nationwide ranking. Pinecrest, in South Miami-Dade County, boasts an average household income of $304,416 and an average home value of $2.24 million, securing the 20th spot on the list.

These two suburbs stand out in a region renowned for its affluent enclaves, from Fisher Island and Indian Creek to Jupiter Island. Despite the high concentration of wealth in South Florida, Palm Beach and Pinecrest are the only Florida communities to make the study’s top 50, highlighting their unique status among the nation’s elite neighborhoods.