Palm Beach town, Florida Demographics & Population 2026

Population Overview

Palm Beach town is a small city located in Florida. The total population is 9,234. It ranks as the 355th most populous out of 953 cities and towns in Florida.

Age Demographics

The median age in Palm Beach town is 69.7 years. This is 64% higher than the state median of 42.6 years. Only 5.0% of residents are under 18, indicating fewer families with children. 38.7% of residents are 75 or older, suggesting a significant retirement-age population with implications for healthcare services and senior housing.

Economy, Income & Housing

The median household income in Palm Beach town is $175,078. This is 144% higher than the state median of $71,711. Compared to the national median of $78,538, household income here is 123% higher. The poverty rate stands at 6.5%. This is 48% lower than the state poverty rate of 12.6%. The unemployment rate is 4.8%. The median home value is $1,996,700. Housing costs are 514% higher than the state median of $325,000. The home-value-to-income ratio of 11.4x suggests that housing affordability is a significant concern for many residents. 82.7% of occupied housing units are owner-occupied. This homeownership rate is 23% higher than the state average of 67.3%.

Race & Ethnicity

Palm Beach town has a predominantly White (non-Hispanic) population, comprising 90.2% of all residents. Hispanic or Latino residents account for 6.0%. The White (non-Hispanic) population is significantly higher than the state average (90.2% vs 51.4%). The Black or African American population (0.4%) is well below the state average of 14.8%. The Hispanic or Latino population (6.0%) is well below the state average of 26.8%. The Asian population (1.1%) is well below the state average of 2.8%.

Education

68.4% of residents aged 25 and older hold a bachelor's degree or higher. This places Palm Beach town in the top 10% of all cities in the state for educational attainment. This is 106% higher than the state rate of 33.2%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 97.4%. Notably, 35.5% of adults hold a graduate or professional degree, indicating a highly educated workforce.

Data Sources & Methodology

All demographic data for Palm Beach town, Florida is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Florida state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 953 Census-designated places in Florida. For official data, visit data.census.gov.