Living in Royal Palm Beach, Florida
Cost of living, income, home prices, rent and demographics of Royal Palm Beach · Census data 2020–2024
Royal Palm Beach has 40,344 residents with a median age of 42.4. The median household income is $96,027 (29% higher than the Florida median), the median home value is $437,700, the median rent is $2,273/month.
Royal Palm Beach at a glance
- Population
- 40,344
- Median age
- 42.4State: 42.6
- Median household income
- $96,027State: $74,568
- Median home value
- $437,700State: $359,000
- Median rent
- $2,273/moState: $1,669
- Homeowners
- 82.3%
- Bachelor's degree or higher
- 37.4%
- Average commute
- 31 min
Is Royal Palm Beach a good place to live?
Pros: Median household income 29% higher than the Florida median; unemployment of 3.5%; a poverty rate of 5.9%.
Cons: Home values 22% higher than the state median; an average commute of 31 minutes.
The weather is best in December to March.
Cost of living in Royal Palm Beach
Housing is the biggest part of the cost of living. In Royal Palm Beach the median home value is $437,700, 32% higher than the U.S. median. Renters pay a median of $2,273 per month, which is 31.9% of household income. Homeowners with a mortgage pay $2,228 a month in housing costs.
Royal Palm Beach median household income
The median household income in Royal Palm Beach is $96,027 and the income per person is $42,082. 5.9% of residents live below the poverty line (Florida: 12.6%).
Housing in Royal Palm Beach: homes for sale and rent
- Housing units
- 14,705
- Owner-occupied
- 82.3%
- Renter-occupied
- 17.7%
- Vacant
- 4.7%Includes seasonal homes
- Median year built
- 1990
- Average household size
- 2.86
Royal Palm Beach demographics
- Population
- 40,344
- Median age
- 42.4
- Under 18
- 22.5%
- 65 and older
- 18.9%
- Households
- 14,011
- Foreign-born
- 30.2%
- Veterans
- 4.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Royal Palm Beach ›
Education in Royal Palm Beach
37.4% of adults 25 and older in Royal Palm Beach have a bachelor's degree or higher (Florida: 34.1%), and 15.3% have a graduate or professional degree.
Jobs and commute in Royal Palm Beach
- Unemployment rate
- 3.5%State: 4.8%
- Average commute
- 31 minState: 28 min
- Work from home
- 9.4%
- Drive alone
- 77.1%
- Public transit
- 2.7%
- Walk to work
- 0.5%
- Homes with broadband
- 94%
Royal Palm Beach vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Royal Palm Beach | 40,344 | $96,027 | $437,700 | $2,273 |
| Loxahatchee Groves | 3,462 | $111,699 | $583,200 | $1,263 |
| Wellington | 62,146 | $115,632 | $599,400 | $2,562 |
| Westlake | 4,237 | $131,925 | $649,700 | — |
| Lake Belvedere Estates | 2,672 | $76,036 | $382,300 | $2,105 |
| Royal Palm Estates | 1,369 | $60,532 | $331,600 | $1,736 |
| The Acreage | 40,843 | $109,032 | $524,800 | $1,710 |
| Stacey Street | 582 | $65,655 | — | $1,621 |
| Haverhill | 2,823 | $79,787 | $424,500 | $1,734 |
More for people moving to Royal Palm Beach
Royal Palm Beach ZIP code ›Weather and climate ›Living in Royal Palm Beach: FAQ
What is the median household income in Royal Palm Beach, FL?
The median household income in Royal Palm Beach is $96,027, 29% higher than the Florida median of $74,568 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Royal Palm Beach?
The median home value in Royal Palm Beach is $437,700, compared with $359,000 in Florida.
How much is rent in Royal Palm Beach?
The median gross rent in Royal Palm Beach is $2,273 per month, about 31.9% of household income.
Is Royal Palm Beach, FL a good place to live?
Pluses: median household income 29% higher than the Florida median; unemployment of 3.5%; a poverty rate of 5.9%. Minuses: home values 22% higher than the state median; an average commute of 31 minutes.
What is the median age in Royal Palm Beach?
The median age in Royal Palm Beach is 42.4 years (Florida: 42.6).
How long is the commute in Royal Palm Beach?
The average commute to work in Royal Palm Beach is 31 minutes; 9.4% of workers work from home.
What is the unemployment rate in Royal Palm Beach?
The unemployment rate in Royal Palm Beach is 3.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Royal Palm Beach?
37.4% of adults in Royal Palm Beach have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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