Palm Beach, FL

Census Place

2024 Population

9,348

US Senator

Rick Scott

Republican Party

US Senator

Ashley Moody

Republican Party

2024 Median Age

70.4

1% 1-year increase

2024 Poverty Rate

6.9%

5.84% 1-year increase

2024 Median Household Income

$168,403

3.81% 1-year decline

2024 Median Property Value

$2M

Population & Diversity

Palm Beach, FL is home to a population of 9.35k people, from which 94.6% are citizens.

As of 2024, 17.4% of Palm Beach, FL residents were born outside of the country (1.63k people).

In 2024, there were 22 times more White (Non-Hispanic) residents (8.47k people) in Palm Beach, FL than any other race or ethnicity. There were 385 Two Races Including Other (Hispanic) and 174 Asian (Non-Hispanic) residents, the second and third most common ethnic groups.

Population & Diversity

Citizenship

94.6%

2024 Citizenship

94.3%

2023 Citizenship

As of 2024, 94.6% of Palm Beach, FL residents were US citizens, which is higher than the national average of 93.2%. In 2023, the percentage of US citizens in Palm Beach, FL was 94.3%, meaning that the rate of citizenship has been increasing.

The following chart shows US citizenship percentages in Palm Beach, FL compared to that of it's neighboring and parent geographies.

Diversity

Race and Ethnicity

The 3 largest ethnic groups in Palm Beach, FL

White (Non-Hispanic)
8.47k ± 263
Two Races Including Other (Hispanic)
385 ± 214
Asian (Non-Hispanic)
174 ± 88

5.49%

Hispanic Population

513 people

5.49% of the people in Palm Beach, FL are hispanic (513 people).

The following chart shows the 8 races represented in Palm Beach, FL as a share of the total population.

Global Diversity

The PUMS dataset is not available at the Place level, so we are showing data for Florida.

Most Common Origin

Cuba
1,051,839 ± 24,582 people
Haiti
364,479 ± 14,701 people
Colombia
327,463 ± 13,946 people

In 2024, the most common birthplace for the foreign-born residents of Florida was Cuba, the natal country of 1,051,839 Florida residents, followed by Haiti with 364,479 and Colombia with 327,463.

Foreign-Born Population

17.4%

2024 Foreign-Born Population

1.63k people

18.3%

2023 Foreign-Born Population

1.69k people

As of 2024, 17.4% of Palm Beach, FL residents (1.63k people) were born outside of the United States, which is approximately the same as the national average of 14%. In 2023, the percentage of foreign-born citizens in Palm Beach, FL was 18.3%, meaning that the rate has been decreasing.

The following chart shows the percentage of foreign-born residents in Palm Beach, FL compared to that of it's neighboring and parent geographies.

Military

Veterans

Most Common Service Period

Vietnam
216 ± 88
Korea
198 ± 140
Gulf War (2001-)
31 ± 38

Palm Beach, FL has a large population of military personnel who served in Vietnam, 1.09 times greater than any other conflict.

The chart shows the distribution of veterans by conflict in Palm Beach, FL.

Economy

The economy of Palm Beach, FL employs 2.91k people. In 2024, the largest industries in Palm Beach, FL were Professional, Scientific, & Technical Services (743 people), Health Care & Social Assistance (384 people), and Finance & Insurance (322 people), and the highest paying industries were Educational Services ($250,001), Finance & Insurance ($226,711), and Construction ($181,570).

Employment

Occupations

2.91k

2024 Value

± 503

4.34%

1 Year growth

± 23.6%

From 2023 to 2024, employment in Palm Beach, FL grew at a rate of 4.34%, from 2.79k employees to 2.91k employees.

The most common job groups, by number of people living in Palm Beach, FL, are Management Occupations (861 people), Business & Financial Operations Occupations (429 people), and Sales & Related Occupations (421 people). This chart illustrates the share breakdown of the primary jobs held by residents of Palm Beach, FL.

Unemployment Insurance Claims

Data is only available at the state level. Showing data for Florida.

This chart shows weekly unemployment insurance claims in Florida (not-seasonally adjusted) compared with the four states with the most similar impact.

The most recent data point uses Advance State Claims data, which can be revised in subsequent weeks.

Industries

Employment by Industries

2.91k

2024 Value

± 503

4.34%

1 Year growth

± 23.6%

From 2023 to 2024, employment in Palm Beach, FL grew at a rate of 4.34%, from 2.79k employees to 2.91k employees.

The most common employment sectors for those who live in Palm Beach, FL, are Professional, Scientific, & Technical Services (743 people), Health Care & Social Assistance (384 people), and Finance & Insurance (322 people). This chart shows the share breakdown of the primary industries for residents of Palm Beach, FL, though some of these residents may live in Palm Beach, FL and work somewhere else. Census data is tagged to a residential address, not a work address.

Median Earnings by Industry

$85,815

Median earning men ± $37,367

$71,731

Median earning women ± $34,974

The industries with the best median earnings for men in 2024 are Construction ($182,006), Wholesale Trade ($126,458), and Educational Services, & Health Care & Social Assistance ($120,662).

The industries with the best median earnings for women in 2024 are Manufacturing ($142,708), Professional, Scientific, & Management, & Administrative & Waste Management Services ($95,833), and Finance & Insurance, & Real Estate & Rental & Leasing ($86,121).

Housing & Living

The median property value in Palm Beach, FL was $2M in 2024, which is 6.01 times larger than the national average of $332,700. Between 2023 and 2024 the median property value increased from $2M to $2M, a 0.165% increase. The homeownership rate in Palm Beach, FL is 83.7%, which is higher than the national average of 65.2%.

People in Palm Beach, FL have an average commute time of 23.5 minutes, and they drove alone to work. Car ownership in Palm Beach, FL is approximately the same as the national average, with an average of 2 cars per household.

Housing

Property

$4,585

Median Property Taxes

±$475

The following chart display owner-occupied housing units distributed between a series of property tax buckets compared to the national averages for each bucket. In Palm Beach, FL the largest share of households pay taxes in the $3k+ range.

The chart underneath the paragraph shows the property taxes in Palm Beach, FL compared to it's parent and neighbor geographies.

Rent vs Own

83.7%

Homeownership

2024

51.5%

Homeowners with Mortgage

2024

In 2024, 83.7% of the housing units in Palm Beach, FL were occupied by their owner. This percentage grew from the previous year's rate of 82.7%.

This chart shows the percentage of owner in Palm Beach, FL compared it's parent and neighboring geographies.

Equity

Household Income

Please note that the buckets used in this visualization were not evenly distributed by ACS when publishing the data.

$168,403

Median Household Income

± $59,823

5.48k

Number of Households

± 603

In 2024, the median household income of the 5.48k households in Palm Beach, FL declined from $168,403 from the previous year's value of $175,078.

The following chart displays the households in Palm Beach, FL distributed between a series of income buckets compared to the national averages for each bucket. The largest share of households have an income in the $200k+ range.

Wage Distribution

The closest comparable wage GINI for Palm Beach, FL is from Florida.

0.471

2024 Wage GINI in Florida

0.473

2023 Wage GINI in Florida

In 2024, the income inequality in Florida was 0.471 according to the GINI calculation of the wage distribution. Income inequality had a 0.383% decline from 2023 to 2024, which means that wage distribution grew somewhat more even. The GINI for Florida was lower than than the national average of 0.474. In other words, wages are distributed more evenly in Florida in comparison to the national average.

This chart shows the number of workers in Florida across various wage buckets compared to the national average.

Transportation

Commuter Transportation

Most Common Commute in 2024

Drove Alone (44.3%)
Worked At Home (40%)
Walked (7.14%)

In 2024, 44.3% of workers in Palm Beach, FL drove alone to work, followed by those who worked at home (40%) and those who walked to work (7.14%).

The following chart shows the number of households using each mode of transportation over time, using a logarithmic scale on the y-axis to help better show variations in the smaller means of commuting.

Commute Time

23.5 minutes

Average Travel Time

Using averages, employees in Palm Beach, FL have a shorter commute time (23.5 minutes) than the normal US worker (26.4 minutes). Additionally, 2.76% of the workforce in Palm Beach, FL have "super commutes" in excess of 90 minutes.

The chart below shows how the median household income in Palm Beach, FL compares to that of it's neighboring and parent geographies.

Car Ownership

2 cars

Average Number

The following chart displays the households in Palm Beach, FL distributed between a series of car ownership buckets compared to the national averages for each bucket. The largest share of households in Palm Beach, FL have 2 cars.

Poverty

Poverty & Diversity

6.9% of the population for whom poverty status is determined in Palm Beach, FL (645 out of 9.35k people) live below the poverty line, a number that is lower than the national average of 12.5%. The largest demographic living in poverty are Females 75+, followed by Females 55 - 64 and then Females 45 - 54.

The most common racial or ethnic group living below the poverty line in Palm Beach, FL is White, followed by Two Or More and Hispanic.

The Census Bureau uses a set of money income thresholds that vary by family size and composition to determine who classifies as impoverished. If a family's total income is less than the family's threshold than that family and every individual in it is considered to be living in poverty.

Social Needs

Data only available at the state level.

Most prevalent states

California
35,798 individuals
New York
5,087 individuals

In 2017, California had the highest estimated number of chronically homeless individuals in the nation, at 35,798, followed by New York (5,087).

The following map shows the estimated number of chronically homeless individuals by state over multiple years.

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