Everything You Should Know Before Moving to Palm Beach, FL
Considering a move to Palm Beach, FL? This exclusive community of 9,200 residents offers a stunning coastal lifestyle with a median home price of $2,100,000 and average 2-bedroom rents around $3,200. Expect a relaxed commute (18 minutes), top-notch healthcare access, and outstanding safety—violent crime is just 93 per 100K. Enjoy a warm, sunny climate year-round and excellent educational options, all in one of Florida’s most desirable and upscale towns.
Demographics - Palm Beach, FL
Demographics - Palm Beach, FL
Palm Beach is home to about 9,200 residents, with a notably high median age of nearly 70, reflecting its popularity among retirees. The community is predominantly White, and the population density supports a quiet, exclusive atmosphere. About 11.5% of residents speak a language other than English at home, adding some cultural diversity.
Population:
9,200
Density:
2,200 per sq mi
Median Age:
69.8
Gender Ratio:
85 males per 100 females
Non-English Speakers Percentage:
11.5%
Ethnic Composition
White:
94.5%
Black:
1.2%
Asian:
1.1%
Others:
3.2%
Cost Of Living
What is the average cost of living in Palm Beach, FL?
Living in Palm Beach comes with a premium price tag, as the median home value is $2.1 million and rents for a two-bedroom average $3,200 per month. The overall cost of living index is significantly higher than the U.S. average, driven primarily by housing costs. However, residents benefit from Florida’s lack of state income tax.
Median House Value:
$2,100,000
Gross Rent:
$3,200
Monthly Electricity Charges:
$165
Auto Insurance:
$2,600
House Owner Cost With Mortgage:
$5,700
House Owner Cost Without Mortgage:
$1,400
State Taxes:
Low:
0%
|
High:
0%
Cost Of Living Index:
228.0
Grocery:
119.0
Housing:
397.0
Utilities:
98.0
Transportation:
109.0
Health Care:
103.0
Miscellaneous:
106.0
Crime
Is Palm Beach, FL a safe place to live?
Palm Beach is considered a very safe community, with violent crime rates at just 93 per 100,000 residents and property crimes remaining relatively low. The chances of experiencing violent crime are about 1 in 1,075, making it a secure place to live. This low crime environment is a key attraction for families and retirees alike.
Violent Crimes Per 100k:
93
Property Crimes Per 100k:
1,480
Crime Index:
1,573
Chance Of Violent Crime:
1 in 1,075
Chance Of Property Crime:
1 in 68
Weather
What is the weather like in Palm Beach, FL year-round?
Palm Beach enjoys a warm, subtropical climate with mild winters (lows around 59°F) and hot summers (highs near 90°F). The city receives plentiful sunshine—about 74% of days are sunny—and around 62 inches of rainfall annually. Residents can expect comfortable outdoor living throughout the year.
Winter
Min:
59°F
Max:
76°F
Spring
Min:
66°F
Max:
83°F
Summer
Min:
76°F
Max:
90°F
Fall
Min:
71°F
Max:
85°F
Average Rainfall Inches:
62.5 inches
Sunny Days Percentage:
74%
Neighbors
Residents of Palm Beach enjoy a high standard of living, with a median household income of $168,000 and a poverty rate of just 5.3%. The area is highly educated, as nearly 67% hold a bachelor’s degree or higher, and unemployment remains low at 3%. Commute times are short, averaging just over 18 minutes, and public transportation usage is minimal.
Median Income:
$101,000
Household Income:
$168,000
Family Income:
$207,000
Per Capita Income:
$163,000
Income Male:
$135,000
Income Female:
$83,000
Poverty Rate:
5.3%
Non English Speakers:
11.5%
Rent:
$3,200
Unemployment Rate:
3.0%
Public Transport Usage:
2.3%
Commute Time:
18.3 minutes
Education
High School or Higher:
98.6%
Bachelors or More:
67.2%
Education
How are the schools in Palm Beach, FL?
Palm Beach offers quality educational opportunities, including well-rated public and private schools with favorable student-teacher ratios. The area is close to higher education institutions like Palm Beach Atlantic University and Palm Beach State College. These resources provide strong options for families and lifelong learners alike.
Public Schools
Name:
Palm Beach Public School
Street:
239 Cocoanut Row
Phone:
561-822-0700
Students:
350
Student Teacher Ratio:
12.1
Private Schools
Name:
Palm Beach Day Academy
Street:
1901 S Flagler Dr
Phone:
561-832-8815
Students:
450
Colleges
Name:
Palm Beach Atlantic University
City:
West Palm Beach
State:
FL
Distance:
1 mile
Students:
3,700
Name:
Palm Beach State College
City:
Lake Worth
State:
FL
Distance:
7 miles
Students:
24,000
Healthcare
Access to healthcare in Palm Beach is excellent, with major hospitals like Good Samaritan Medical Center and St. Mary's Medical Center nearby. The area boasts a high physician-to-population ratio of 3 doctors per 1,000 residents and a strong health insurance coverage rate at 94%. Health care services are comprehensive and readily available for residents.
Major Hospitals
Name:
Good Samaritan Medical Center
Address:
1309 N Flagler Dr, West Palm Beach, FL 33401
Phone:
(561) 655-5511
Type:
General & Surgical
Emergency Services:
Yes
Name:
St. Mary's Medical Center
Address:
901 45th St, West Palm Beach, FL 33407
Phone:
(561) 844-6300
Type:
General & Surgical
Emergency Services:
Yes
Physicians Per 1000:
3.0
Health Insurance Coverage:
94.1%
Health Care Index:
78.0
Housing Market
What is the housing market like in Palm Beach, FL?
The Palm Beach housing market is highly competitive, with a median home price of $2.1 million and strong appreciation rates over the past year. Nearly 80% of homes are owner-occupied, reflecting the community’s stability and exclusivity. Rental vacancy rates are moderate, providing some opportunities for new residents.
Median Home Price:
$2,100,000
Average Rent For 2 Bedroom:
$3,200
Owner Occupied Rate:
79.4%
Rental Vacancy Rate:
12.0%
Home Appreciation Rate (1yr):
8.3%
New Construction Rate:
2.2%
Foreclosure Rate:
0.3%
DMV Information
Palm Beach residents handle vehicle registration and licensing through the Florida Department of Highway Safety and Motor Vehicles, conveniently located in nearby West Palm Beach. The state’s DMV provides a full range of services both in person and online. For more information, residents can visit the official website or contact the local office by phone.
State:
Florida
Department:
Florida Department of Highway Safety and Motor Vehicles
Address:
301 N. Olive Avenue, West Palm Beach, FL 33401
Phone:
850-617-2000
Website:
Disclaimer: The information provided on this page is based on publicly available sources including AccuWeather, U.S. Census Bureau, local government data, and third-party partners such as Neustar. While we strive to ensure accuracy, all data is provided “as is” and should be independently verified before making any decisions. Movers.com makes no guarantees regarding the completeness or reliability of the information.