Which Florida Neighborhoods Are Actually Millionaire Playgrounds?

Guess which Florida cities hog all the wealth? Spoiler: Miami, Fort Lauderdale, and Pompano Beach combined account for 50% of the state’s richest suburbs — that’s 12 out of 24 top earners. Pretty wild concentration.

Here’s what GOBankingRates found after analyzing all Florida cities with 5,000+ households:

The Top Tier (6-Figure Household Income Club):

• Palm Beach leads by a landslide: $356,467 average household income, homes averaging $10.2M (yes, million)
• Pinecrest comes in second: $312,591 income, $2.4M typical home value
• Lake Butler (Orlando area): $289,593 income, more “affordable” at $748K homes

The Middle Pack ($150K-$200K Income Range):

• Parkland, Coral Gables, Palmetto Bay, Weston all cluster here
• Homes typically $800K-$1.1M range

The Surprise Players:

• Jacksonville Beach, Atlantic Beach, and Fleming Island show strong wealth metrics outside the Miami-Fort Lauderdale orbit
• Tampa-area suburbs (Westchase, Lutz, Apollo Beach) round out the bottom of the top 24

Key Takeaway: The Miami metro area completely dominates — 8 of the top 12 wealthiest suburbs are there. If you’re looking at Florida real estate and want to follow the money trail, that’s your answer.

Data sourced from 2023 American Community Survey and Zillow 2025 estimates.