Royal Palm Beach, Florida Income Statistics
Royal Palm Beach Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
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B
Royal Palm Beach Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Royal Palm Beach | Florida Avg | US Average |
|---|---|---|---|
| Median Household Income | $92,694 | $74,580 | $80,455 |
| Median Personal Income | $60,165 | $52,322 | $60,758 |
| Average Yearly Income Growth | 4.4% | 5.4% | 4.8% |
| Six-Figure Earners | 13.7% | 11.6% | 13.9% |
| $200k+ Households | 14.5% | 11.0% | 13.2% |
The median household income in Royal Palm Beach is about 24% higher than in Florida. Income has been growing slower in Royal Palm Beach (4.4%/yr) than in Florida (5.4%/yr).
About 14% of adults in Royal Palm Beach earn six figures ($100,000 or more) a year, higher than the Florida average of 12%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Royal Palm Beach, Florida grew by 44.9% from 2009 to 2024, reaching $92,694 in 2024. That's an average of about 4.4% per year.
Royal Palm Beach has stayed well above the U.S. median household income in every year from 2009 to 2024 and has never fallen below it. It came closest in 2023, at 14% higher. The gap has narrowed from 25% in 2009 to 15% in 2024.
Income Distribution in Royal Palm Beach
How incomes are spread across brackets, compared with the U.S. Pick a range to count who falls in it.
Households by income, 2024
Income range calculator
About 5,820 households (44.8% of all households) have an income of $100,000 or more.
Across the U.S.: 40.2% of all households.
In 2024, 14.9% of households in Royal Palm Beach had an income under $35,000 and 25.4% had $150,000 or more. Across the U.S., those shares were 21.6% and 22.8%.
Compared with the U.S., Royal Palm Beach has a larger share of households earning $75,000 to $99,999 (17.9% vs 12.6%) and a smaller share earning $15,000 to $24,999 (4.3% vs 6.4%).
| Household income | Households | Share | U.S. share |
|---|---|---|---|
| Under $10,000 | 447 | 3.4% | 5.1% |
| $10,000 to $14,999 | 256 | 2.0% | 3.5% |
| $15,000 to $24,999 | 564 | 4.3% | 6.4% |
| $25,000 to $34,999 | 675 | 5.2% | 6.7% |
| $35,000 to $49,999 | 1,165 | 9.0% | 10.1% |
| $50,000 to $74,999 | 1,748 | 13.4% | 15.5% |
| $75,000 to $99,999 | 2,324 | 17.9% | 12.6% |
| $100,000 to $149,999 | 2,521 | 19.4% | 17.4% |
| $150,000 to $199,999 | 1,411 | 10.9% | 9.5% |
| $200,000 or more | 1,888 | 14.5% | 13.2% |
Shares are of all 12,999 households, one per occupied home whatever its size. Households with zero or negative income are counted in the lowest bracket. Source: ACS 5-year estimates ending 2024 (table B19001).
Residents 15+ by personal income, 2024
Income range calculator
About 4,215 residents (13.7% of residents aged 15 and over) have a personal income of $100,000 or more.
Across the U.S.: 13.9% of residents aged 15 and over.
That is 15.9% of residents who have any income.
In 2024, 14.0% of Royal Palm Beach residents aged 15 and over reported no personal income, 27.0% had some income but less than $25,000, and 21.4% had $75,000 or more. Across the U.S., those shares were 12.8%, 28.7% and 22.0%.
Compared with the U.S., Royal Palm Beach has a larger share of residents earning $50,000 to $74,999 (16.6% vs 14.3%) and a smaller share earning $10,000 to $14,999 (5.5% vs 7.0%).
| Personal income | Residents | Share | U.S. share |
|---|---|---|---|
| No income | 4,315 | 14.0% | 12.8% |
| $1 to $9,999 | 3,148 | 10.2% | 11.2% |
| $10,000 to $14,999 | 1,700 | 5.5% | 7.0% |
| $15,000 to $24,999 | 3,447 | 11.2% | 10.5% |
| $25,000 to $34,999 | 2,981 | 9.7% | 9.5% |
| $35,000 to $49,999 | 3,499 | 11.4% | 12.6% |
| $50,000 to $74,999 | 5,107 | 16.6% | 14.3% |
| $75,000 to $99,999 | 2,360 | 7.7% | 8.2% |
| $100,000 or more | 4,215 | 13.7% | 13.9% |
Shares are of the 30,772 residents aged 15 and over, the only people the Census Bureau asks about income, and include those who reported none. A share of the whole population would count children as people without income, while a share of earners alone would hide the 14.0% with no income; the calculator adds that second share whenever your range leaves out people with no income. Source: ACS 5-year estimates ending 2024 (table B19325).
Income Inequality and the Gender Pay Gap in Royal Palm Beach
| Metric | Royal Palm Beach | Florida Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.546 | 0.551 | 0.552 |
| Male Median Income | $72,972 | $60,595 | $69,667 |
| Female Median Income | $52,805 | $50,762 | $56,850 |
| Gender Pay Gap | 27.6% | 16.2% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Royal Palm Beach, it is 0.546, about the same as Florida's 0.551, so income here is about as evenly distributed as there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 38% more than women's income in Royal Palm Beach, Florida. Over a 35-year career, a 38% wage gap accumulates to roughly $705,845 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Royal Palm Beach, Florida has widened from about 11% to 28% in 2024. Over that period the gap was widest at 28% in 2023, and was narrowest at 9% in 2019. In dollar terms, the gap has widened by $14,825 since 2009.
Sharply against the trend: the pay gap in Royal Palm Beach widened by 16.2 points while Florida's narrowed by 2.5 points.
Employment
| Metric | Royal Palm Beach | Florida Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.7% | 4.8% | 5.2% |
| Working from Home | 8.9% | 15.7% | 15.0% |
| Commute time (minutes) | 31 | 23 | 22 |
Approximately 728 people are unemployed in Royal Palm Beach, Florida.
The average commute time in Royal Palm Beach is 31 minutes, longer than the 23 minutes in Florida.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Royal Palm Beach, Florida has fallen from 10.5% to 3.7% in 2024. Over that period the rate peaked at 10.9% in 2012 and fell as low as 3.6% in 2017.
Royal Palm Beach started 1.8 points above the U.S. unemployment rate in 2011 but had dropped below it by 2014, and has not been above it since. In 2024 its rate was 1.6 points lower.
Royal Palm Beach, FL Wealth Compared With Nearby Cities
How Royal Palm Beach, FL compares with the 2 cities closest to it.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Royal Palm Beach, FL | 36,723 | $92,694 #3/3 | 4.4%/yr #2/3 | 3.7% #1/3 | 0.546 #3/3 |
| Wellington, FL | 61,106 | $117,736 | 4.6%/yr | 4.9% | 0.543 |
| The Acreage, FL | 32,213 | $108,823 | 3.6%/yr | 3.9% | 0.543 |
Conclusion
Considering all these factors, Royal Palm Beach, Florida has an overall wealth index grade of B, making it somewhat better than Florida, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Royal Palm Beach, Florida.
How Rich Is Royal Palm Beach, Florida?
Royal Palm Beach has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $92,694, about 24% higher than the Florida average of $74,580.
Are incomes growing in Royal Palm Beach, Florida?
Between 2009 and 2024, the median household income in Royal Palm Beach, Florida rose 45%, from $63,967 to $92,694. Over the same years, income here lagged behind Florida as a whole: +45% against +57%.
What was the median household income in Royal Palm Beach in 2023?
In 2023, the median household income in Royal Palm Beach, Florida was $89,049, down 1% from $89,749 in 2022. The Florida median that year was $71,864.
What was the median household income in Royal Palm Beach in 2020?
In 2020, the median household income in Royal Palm Beach, Florida was $81,917. By 2024 it had risen 13% to $92,694.
Is it hard to find a job in Royal Palm Beach, Florida?
Unemployment in Royal Palm Beach, Florida is only 3.7%, well below the Florida rate of 4.8%, a sign of a tight labor market where employers compete for workers.
What is the Gini coefficient in Royal Palm Beach, Florida?
The Gini coefficient in Royal Palm Beach is 0.546. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Royal Palm Beach, Florida?
Since 2009, the income gap between men and women in Royal Palm Beach, Florida has widened from about 11% to 28% in 2024. Over that period the gap was widest at 28% in 2023, and was narrowest at 9% in 2019. In dollar terms, the gap has widened by $14,825 since 2009.
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