News Summary
Palm Beach and Pinecrest have been recognized as two of the top 50 wealthiest suburbs in the United States for the second consecutive year. According to GoBankingRates, Palm Beach ranks 13th with an average household income of $365,991, while Pinecrest holds the 21st position with $304,416. Despite a slight decline in rankings from the previous year, both communities showcase a robust economic environment characterized by high household incomes and soaring real estate values. These suburbs offer luxurious lifestyles and appealing amenities, maintaining their status as desirable locations for affluent residents.
Florida – Two suburbs located in the Miami area, Palm Beach and Pinecrest, have again been acknowledged as part of the top 50 wealthiest suburbs in the United States for the second consecutive year. According to a recent report by GoBankingRates, Palm Beach is ranked 13th, while Pinecrest holds the 21st position in the 2025 wealthiest suburbs list.
The rankings published by GoBankingRates are determined by analyzing several economic indicators, including median household income and home values. To create this list, GoBankingRates looked specifically at cities that have a minimum of 5,000 households. The organization then identified the 50 cities showcasing the highest average household incomes.
Palm Beach continues to maintain its status as one of the most affluent places in the country, reporting an impressive average household income of $365,991 and a typical home value of $11,571,608. This demonstrates the high-end lifestyle and real estate market that characterizes this exclusive area. Pinecrest, while also affluent, reported an average household income of $304,416 with a typical home value of $2,243,489.
This year’s findings indicate a slight decline for both Palm Beach and Pinecrest as they slipped positions from last year, where Palm Beach ranked 11th and Pinecrest was in 20th place. Despite this dip in ranking, both communities remain recognized for their wealth, showcasing South Florida’s ongoing affluence and residential appeal.
The data underlines a robust economic environment within South Florida, which is significantly influenced by elevated household incomes and soaring real estate values. Residents in these areas often enjoy the benefits of luxurious lifestyles and expansive property options, contributing to their status on this prestigious list.
South Florida continues to be a desirable location for wealthy individuals and families, made evident by its diverse amenities and favorable climate. Palm Beach has long been a haven for the affluent, renowned for its scenic views, opulent shopping, and exclusive events that attract high-net-worth individuals. On the other hand, Pinecrest offers a more suburban feel, featuring excellent schools and a family-friendly atmosphere, making it equally appealing to those seeking a comfortable yet upscale lifestyle.
The recognition of Palm Beach and Pinecrest among America’s wealthiest suburbs not only reflects the economic stability of these neighborhoods but also their ongoing desirability as prime real estate markets. The enduring high values of homes in these areas demonstrate a demanding marketplace fueled by buyers looking for investment opportunities as well as primary residences in a region known for its charm and luxury.
The report from GoBankingRates reinforces the significance of wealth concentration in particular suburbs and sheds light on the broader trends affecting real estate and economics across the nation. As South Florida continues to thrive, the communities represented by Palm Beach and Pinecrest are set to retain their prestigious standings, further solidifying the region’s reputation as a hotspot for affluent living.
Deeper Dive: News & Info About This Topic
- South Florida Agent Magazine: Palm Beach, Pinecrest Among America’s Wealthiest Suburbs
- Florida Trend: Friday’s Daily Pulse
- Miami New Times: South Florida’s Wealthiest Zip Codes
- New York Post: NYC Paying the Price as Wealthy Flock to South Florida
- South Florida Agent Magazine: Miami’s Rental Prices
- Wikipedia: List of Wealthiest Suburbs in the United States
Author: STAFF HERE PETERSBURG WRITER
ST PETERSBURG STAFF WRITER The ST PETERSBURG STAFF WRITER represents the experienced team at HEREStPetersburg.com, your go-to source for actionable local news and information in St Petersburg, Pinellas County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as Grand Prix of St. Petersburg, Localtopia, and SHINE Mural Festival. Our coverage extends to key organizations like the St. Petersburg Area Chamber of Commerce and St. Pete Downtown Partnership, plus leading businesses in finance, manufacturing, and healthcare that power the local economy such as Raymond James Financial, Jabil, and Bayfront Health St. Petersburg. As part of the broader HERE network, including HEREJacksonville.com, HEREOrlando.com, HERETallahassee.com, and HERETampa.com, we provide comprehensive, credible insights into Florida's dynamic landscape.
