Royal Palm Beach, FL
Population 39,089 · Florida
About Royal Palm Beach, FL
Royal Palm Beach is a mid-sized city located in Florida with a population of 39,089 residents according to the latest US Census Bureau American Community Survey data. The median household income is $92,382 per year, which is 23% above the national median of $75,149. The median age of 41.5 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Royal Palm Beach features a median home value of $389,300, which is 59% above the national median of $244,900. This places Royal Palm Beach in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $2,192, 88% above the national average of $1,163/month. Of the 14,493 total housing units, 80% are owner-occupied (11,009 units) and 20% are renter-occupied (2,733 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Royal Palm Beach shows an unemployment rate of 4.2%, which is near the national rate of 3.7%. The poverty rate stands at 5.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Royal Palm Beach have an average one-way commute time of 30.2 minutes.
Education & Demographics
35.8% of Royal Palm Beach residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 1.3% White, 1.9% Hispanic or Latino, 6.4% Black or African American, and 16.4% Asian residents, with 28.9% of the population being foreign-born.
Cost of Living in Royal Palm Beach, FL
Compared to national averages, Royal Palm Beach has a median household income of $92,382 (23% above the national median of $75,149). Home values average $389,300, which is 59% above the national median. Monthly rent at $2,192 is 88% above the US average of $1,163. Within Florida, Royal Palm Beach's income is 22% above the state average of $75,893, and home values are 10% above the state median of $353,675.
Why Live in Royal Palm Beach, FL?
Royal Palm Beach offers a strong local economy with a median household income of $92,382, well above the national average, and a well-educated community where 35.8% of residents hold a bachelor’s degree or higher, and a low poverty rate of 5.0%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $389,300. However, Royal Palm Beach’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Royal Palm Beach has a population of 39,089 with a median age of 41.5 years. Compare Royal Palm Beach with other cities to see how it stacks up, or explore all cities in Florida.
Similar Cities Near Royal Palm Beach
Cities in Florida with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Navarre | 38,988 | $98,522 | $352,300 | Compare |
| Valrico | 38,820 | $98,451 | $356,200 | Compare |
| Aventura | 39,372 | $82,777 | $416,300 | Compare |
| Lakewood Ranch | 39,434 | $123,471 | $626,500 | Compare |
| Winter Springs | 38,448 | $86,332 | $342,400 | Compare |
| DeLand | 39,832 | $73,352 | $303,500 | Compare |
| Oviedo | 39,990 | $114,092 | $428,500 | Compare |
| Plant City | 40,009 | $64,536 | $251,500 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Florida
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Royal Palm Beach With Other Cities
Frequently Asked Questions about Royal Palm Beach
What is the population of Royal Palm Beach, FL?
The population of Royal Palm Beach, FL is 39,089 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Florida.
What is the median household income in Royal Palm Beach?
The median household income in Royal Palm Beach, FL is $92,382 per year, which is 23% above the national median of $75,149.
What is the median home value in Royal Palm Beach?
The median home value in Royal Palm Beach, FL is $389,300, which is 59% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Royal Palm Beach?
The median monthly rent in Royal Palm Beach, FL is $2,192, which is 88% above the national average of $1,163/month.
What is the unemployment rate in Royal Palm Beach?
The unemployment rate in Royal Palm Beach, FL is 4.2%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Royal Palm Beach, FL a good place to live?
Royal Palm Beach offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 39,089 and a median age of 41.5, the city appeals to a broad range of residents.
How educated is Royal Palm Beach, FL?
35.8% of residents in Royal Palm Beach aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Royal Palm Beach?
Key cost-of-living indicators for Royal Palm Beach, FL: median home value is $389,300 (59% above national), median rent is $2,192/month, and median household income is $92,382. The home-value-to-income ratio is 4.2x, a moderate figure by national standards.
What is the poverty rate in Royal Palm Beach?
The poverty rate in Royal Palm Beach, FL is 5.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Royal Palm Beach, FL?
Royal Palm Beach's population is 1.3% White, 1.9% Hispanic or Latino, 6.4% Black or African American, 16.4% Asian, and 24.3% two or more races. 28.9% of residents are foreign-born.