That region’s demographics can change, of course, but places like Jupiter and Boca Raton conjure up a very different image (read: retirees) than the bustling streets of Manhattan. The town of Palm Beach had the 18th-highest average household income of any municipality in the U.S., at $314,090, according to the Bloomberg Richest Places Index, up 17 spots from 2019. That’s the biggest jump among the top 40 and about $80,000 more than the next-highest ranked Florida localities. About a quarter of Palm Beach County’s residents are older than 65 — in the town itself, that share is 62%.

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