Palm Beach

Population: 9,234
Median household income: $175,078
Median home value: $1,996,700

Located in Palm Beach County, Florida, Palm Beach is a community with a population of 9,234. The median household income of $175,078 is above the Palm Beach County median ($81,115).

From 2019 to 2023, Palm Beach's population grew 5.9% from 8,723 to 9,234, while its median home value rose 69.6% from $1,177,100 to $1,996,700.

26.3% of homes are single-family detached houses. The typical home was built around 1971.

Demographics

ACS 2019–2023

Population: 9,234
Median age: 69.7 yrs
Median household income: $175,078
Median home value: $1,996,700
Median gross rent: $1,849
Housing units: 10,450
Homeownership rate: 82.7%
Bachelor's degree or higher: 68.4%
Unemployment rate: 4.8%

Trends

ACS 5-year · 2019–2023

Population

8,7239,234

Median household income

$141,348$175,078

Median home value

$1,177,100$1,996,700

Median gross rent

$1,744$1,849

Year	Population	Median household income	Median home value	Median gross rent
2019	8,723	$141,348	$1,177,100	$1,744
2020	8,776	$169,003	$1,211,900	$1,724
2021	9,175	$168,787	$1,523,100	$1,767
2022	9,205	$190,824	$1,679,800	$1,793
2023	9,234	$175,078	$1,996,700	$1,849

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 51.5%

5 to 173.6%

18 to 241.2%

25 to 342.7%

35 to 443.1%

45 to 546.9%

55 to 6419.0%

65 to 7423.4%

75 and over38.7%

	Count	Share
Under 5	136	1.5%
5 to 17	328	3.6%
18 to 24	114	1.2%
25 to 34	247	2.7%
35 to 44	283	3.1%
45 to 54	633	6.9%
55 to 64	1,758	19.0%
65 to 74	2,163	23.4%
75 and over	3,572	38.7%

Race & ethnicity

	Count	Share
White (non-Hispanic)	8,328	90.2%
Black or African American	42	0.5%
American Indian & Alaska Native	35	0.4%
Asian	103	1.1%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	0	0.0%
Two or more races	173	1.9%
Hispanic or Latino (any race)	553	6.0%

Educational attainment (age 25+)

No high school diploma2.6%

High school graduate10.8%

Some college or associate's18.1%

Bachelor's degree33.0%

Graduate or professional degree35.5%

	Count	Share
No high school diploma	225	2.6%
High school graduate	939	10.8%
Some college or associate's	1,568	18.1%
Bachelor's degree	2,854	33.0%
Graduate or professional degree	3,070	35.5%

Commute to work

Mean travel time to work: 27 min

Drove alone44.8%

Carpooled1.1%

Public transit1.1%

Walked7.2%

Bicycle0.0%

Worked from home37.6%

Other means8.4%

How workers get to work

	Count	Share
Drove alone	1,232	44.8%
Carpooled	29	1.1%
Public transit	29	1.1%
Walked	197	7.2%
Bicycle	0	0.0%
Worked from home	1,035	37.6%
Other means	231	8.4%

Travel time

	Count	Share
Under 15 min	792	46.1%
15 to 29 min	464	27.0%
30 to 44 min	212	12.3%
45 to 59 min	46	2.7%
60+ min	204	11.9%

Households

Average household size: 1.69
Poverty rate: 6.5% (602 of 9,234)

	Count	Share
Family households	2,770	50.8%
Nonfamily households	2,682	49.2%

Housing

Median year structure built: 1971

Occupancy

	Count	Share
Occupied	5,452	52.2%
Vacant	4,998	47.8%

Tenure (of occupied units)

	Count	Share
Owner-occupied	4,509	82.7%
Renter-occupied	943	17.3%

1-unit, detached26.3%

1-unit, attached1.8%

2 to 4 units4.5%

5 to 19 units7.0%

20 or more units60.4%

Mobile home & other0.1%

Units in structure

	Count	Share
1-unit, detached	2,744	26.3%
1-unit, attached	186	1.8%
2 to 4 units	468	4.5%
5 to 19 units	730	7.0%
20 or more units	6,312	60.4%
Mobile home & other	10	0.1%

Geography

Place GEOID: 1254025
Type (LSAD): 43
Land area: 3.8 sq mi
Water area: 4.01 sq mi
Center point: 26.6948, -80.0419