South Palm Beach is a very small coastal town (i.e. on the ocean, a bay, or inlet) located in the state of Florida. With a population of 1,424 people and two constituent neighborhoods, South Palm Beach is the 403rd largest community in Florida.
South Palm Beach home prices are not only among the most expensive in Florida, but South Palm Beach real estate also consistently ranks among the most expensive in America.
South Palm Beach is a decidedly white-collar town, with fully 91.94% of the workforce employed in white-collar jobs, well above the national average. Overall, South Palm Beach is a town of managers, sales and office workers, and professionals. There are especially a lot of people living in South Palm Beach who work in sales jobs (19.12%), business and financial occupations (15.67%), and management occupations (15.21%).
Of important note, South Palm Beach is also a town of artists. South Palm Beach has more artists, designers and people working in media than 90% of the communities in America. This concentration of artists helps shape South Palm Beach’s character.
One interesting thing about the economy is that relatively large numbers of people worked from their home: 10.00% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. 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 South 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, South Palm Beach’s population drops significantly, such that year-round residents will notice that the city is a much quieter place to live.
South 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. Quite often, nautical areas such as these attract visitors and locals who come to enjoy the scenery and various waterfront activities.
The citizens of South Palm Beach are among the most well-educated in the nation: 45.51% of adults in South Palm Beach have a bachelor's degree or even advanced degree, whereas the average US city has 21.84% holding at least a bachelor's degree.
The per capita income in South Palm Beach in 2010 was $48,781, which is wealthy relative to Florida and the nation. This equates to an annual income of $195,124 for a family of four. However, South Palm Beach contains both very wealthy and poor people as well.
The people who call South Palm Beach home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of South Palm Beach residents report their race to be White, followed by Asian. Important ancestries of people in South Palm Beach include German, Irish, Polish, and Russian.
Foreign born people are also an important part of South Palm Beach's cultural character, accounting for 17.62% of the town’s population.
The most common language spoken in South Palm Beach is English. Other important languages spoken here include Spanish and German.