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Royal Palm Beach, Florida

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
40,344
Population
$96,027
Median Income
$437,700
Home Value
42.4
Median Age

Demographics

Royal Palm Beach has a population of 40,344 with a median age of 42.4. Here is the racial and ethnic breakdown of the population:

White
40.9%
Hispanic
30.7%
Black
25.3%
Asian
5.7%
Demographic Value
Total Population40,344
Median Age42.4
White40.9%
Black or African American25.3%
Asian5.7%
Hispanic or Latino30.7%
Royal Palm Beach, Florida — racial composition (Census ACS 2024)Donut chart of 4 segments totaling 103.White: 39.9%Hispanic/Latino: 29.9%Black: 24.7%Asian: 5.6%40,344PopulationWhiteWhite39.9%Hispanic/LatinoHispanic/Latino29.9%BlackBlack24.7%AsianAsian5.6%

Income & Economy

The median household income in Royal Palm Beach is $96,027, which is 19.1% above the national median of $80,610. The per capita income is $42,082. The poverty rate is 5.9%.

$96,027
Median Household Income
$42,082
Per Capita Income
5.9%
Poverty Rate

Employment

The unemployment rate in Royal Palm Beach is 3.1%, compared to the national rate of 4.1%.

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Education

In Royal Palm Beach, 92.8% of residents age 25+ have a high school diploma or higher, and 37.4% hold a bachelor's degree or higher (15.3% with a graduate or professional degree).

HS Diploma+
92.8%
Bachelor's+
37.4%
Graduate+
15.3%
Education Level % of Adults (25+)
High School Diploma or Higher92.8%
Bachelor's Degree or Higher37.4%
Graduate or Professional Degree15.3%

Housing

The median home value in Royal Palm Beach is $437,700, above the national median of $303,400. The median monthly rent is $2,273. The homeownership rate is 82.3%.

$437,700
Median Home Value
$2,273/mo
Median Rent
82.3%
Homeownership Rate
Housing Metric Value
Median Home Value$437,700
Median Monthly Rent$2,273
Homeownership Rate82.3%
Vacancy Rate4.7%

Salaries in Florida

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Frequently Asked Questions

What is the population of Royal Palm Beach, Florida?
The population of Royal Palm Beach, Florida is 40,344 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Royal Palm Beach, Florida?
The median household income in Royal Palm Beach, Florida is $96,027. This is 19.1% above the national median of $80,610.
What is the median home value in Royal Palm Beach, Florida?
The median home value in Royal Palm Beach, Florida is $437,700. The median monthly rent is $2,273.
What percentage of people in Royal Palm Beach have a college degree?
In Royal Palm Beach, Florida, 37.4% of adults age 25 and older hold a bachelor's degree or higher, and 92.8% have a high school diploma or higher.
Is Royal Palm Beach, Florida an affordable place to live?
The home price-to-income ratio in Royal Palm Beach, Florida is 4.6x (median home value $437,700 vs. median income $96,027), making it moderately affordable by that measure. A ratio under 4.0 is generally considered affordable.

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