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 a major vacation destination. Much of the town’s population is seasonal: many people own second homes and only live there part-time, during the vacation season. The effect on the local economy is that many of the businesses are dependent on tourist dollars, and may operate only during the high season. As the vacation season ends, Palm Beach’s population drops significantly, such that year-round residents will notice that the city is a much 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.
Palm Beach is also nautical, which means that parts of it are somewhat historic and touch the ocean or tidal bodies of water, such as inlets and bays. Such areas are often places that visitors and locals go for waterfront activities or taking in the scenery.
Do you have a 4-year college degree or graduate degree? If so, you may feel right at home in Palm Beach. 65.98% of adults here have a 4-year degree or graduate degree, whereas the national average for all cities and towns is just 21.84%.
The per capita income in Palm Beach in 2010 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.