Is Palm Beach expensive?
Is Palm Beach expensive? Palm Beach's cost of living is 97% higher than the Florida average, and median home prices in the area are $955,600. Meanwhile, West Palm Beach's cost of living is only 8% higher than the Florida average, with a median home price of only $198,100.
Where do most millionaires live in Florida?
Of that list, the most billionaires—12—live in Miami; nine live in Austin. Miami is also home to the most millionaires and centi-millionaires (those who have a net worth of over $100 million) on the list.
Is Palm Beach fancy?
Palm Beach is known for upscale shopping districts, such as Worth Avenue, Royal Poinciana Plaza, and the Royal Poinciana Way Historic District.
Where is Billionaires Row in Palm Beach?
The Southernmost section of Palm Beach Island extends from Worth Avenue to Sloan's Curve and is known as the Estate Section (“Billionaire's Row”) for its awe-inspiring, often seasonal homes including the winter White House, Mar-A-Lago.
Why do rich people love Palm Beach?
Palm Beach County has around 44 billionaires. The super-rich are flocking there for business opportunities, convenient transport links, and a chance to live in 'paradise. ' Palm Beach County's grew twice as fast as the US average over the past decade.
Is it affordable to live in West Palm Beach?
Fortunately, West Palm Beach is one of the most affordable coastal cities in Miami's Metropolitan Area. Compared to some nearby cities with a cost of living well over 20% above the national average, West Palm Beach is much more affordable, with housing costs only 4.4% more expensive than the national average.