Palm Beach is a somewhat small coastal town (i.e. on the ocean, a bay, or inlet) located in the state of Florida. With a population of 8,802 people and four constituent neighborhoods, Palm Beach is the 217th largest community in Florida.
Palm Beach home prices are not only among the most expensive in Florida, but Palm Beach real estate also consistently ranks among the most expensive in America.
Palm Beach is a decidedly white-collar town, with fully 95.78% of the workforce employed in white-collar jobs, well above the national average. Overall, Palm Beach is a town of managers, sales and office workers, and professionals. There are especially a lot of people living in Palm Beach who work in management occupations (22.03%), sales jobs (21.88%), and business and financial occupations (11.49%).
Of important note, Palm Beach is also a town of artists. Palm Beach has more artists, designers and people working in media than 90% of the communities in America. This concentration of artists helps shape Palm Beach’s character.
A relatively large number of people in Palm Beach telecommute to their jobs. Overall, about 29.46% of the workforce works from home. While this may seem like a small number, as a fraction of the total workforce it ranks among the highest in the country. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
Another notable thing is that Palm Beach is an extremely popular destination for tourists and seasonal residents. So much of the population is seasonal such that the town’s population swells significantly during the vacation season, and drops again when the season ends. Because of this, much of the local economy is centered around tourism; some businesses may be operated only during the high season. During the low season, year-round residents will notice that the city is a substantially quieter place to live.
In addition, Palm Beach is home to many people who could be described as "urban sophisticates", which are people who are not only wealthy and employed in professional occupations, but highly educated to boot. Urban sophisticates have urbane tastes - whether they reside in a big or small city, a suburb, or a little town. Urban sophisticates support bookstores, quality clothing stores, enjoy luxury travel, and in big cities, they are truly the patrons of the arts, attending and supporting institutions such as opera, symphony, ballet, and theatre.
One of the nice things about Palm Beach is that it is nautical, which means that parts of it are somewhat historic and touch the ocean or tidal bodies of water, such as inlets and bays. Because of this, visitors and locals will often go to these areas to take in the scenery or to enjoy waterfront activities.
If knowledge is power, Palm Beach is a pretty powerful place. 65.98% of the adults in Palm Beach have earned a 4-year college degree, masters degree, MD, law degree, or even PhD. Compare that to the national average of 21.84% for all cities and towns.
The per capita income in Palm Beach in 2018 was $178,568, which is wealthy relative to Florida and the nation. This equates to an annual income of $714,272 for a family of four.
The people who call Palm Beach home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Palm Beach residents report their race to be White, followed by Asian. Important ancestries of people in Palm Beach include English, German, Irish, Italian, and Russian.
The most common language spoken in Palm Beach is English. Other important languages spoken here include Spanish and German/Yiddish.