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Palm Beach Apartment Features
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For SalePalm Beach, FL Homes for Sale
Living In Palm Beach, FL
A small town in Florida, Palm Beach has a population of just over 8,000. Retirees make up a greater percentage of the population (59%) here than nationally (14%), while young adults account for a smaller percentage of the town. At an average age of just over 63, the town's population skews notablyolder than most cities in Florida. Most residents own their homes in Palm Beach, and 16% of residents rent. Relatively high rent costs could be a factor, as the average rent of $1,483/month is substantially higher than the state average of $1,153.
There are two primary industries in Palm Beach: scientific and retail. Together, these industries make up 12% of the workforce in the town. Meanwhile, in terms of job function, 6% of the town's population works in management, making it the top career path in the town. Palm Beach workers take home an average annual income of almost $124K, around $57,000 more than the state average. The town's average income also compares favorably to the national average of $73,345. Palm Beach has a large number of residents older than 25 who have advanced degrees compared to the national average (7%), as 16% have earned a Master's or a Doctoral degree. Additionally, 32% possess a Bachelor's degree, which also outpaces the national average.
Palm Beach has an average commute time of about 24 minutes, faster than the state average of about 29 minutes. Many residents (20%) commute to work by car or truck, while public transit isn't used extensively. A small percentage of residents (2%) commute to work on foot, though the number exceeds the national average.
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