Royal Palm Estates, FL
Population 1,722 · Florida
About Royal Palm Estates, FL
Royal Palm Estates is a small town located in Florida with a population of 1,722 residents according to the latest US Census Bureau American Community Survey data. The median household income is $51,461 per year, which is 32% below the national median of $75,149. The median age of 36 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Royal Palm Estates features a median home value of $321,200, which is 31% above the national median of $244,900. This positions Royal Palm Estates in a moderately priced market relative to the rest of the country. Median monthly rent is $2,016, 73% above the national average of $1,163/month. Of the 669 total housing units, 61% are owner-occupied (409 units) and 39% are renter-occupied (260 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Royal Palm Estates shows an unemployment rate of 6.3%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 26.5%, above the national average of 12.4%. Workers in Royal Palm Estates have an average one-way commute time of 25.7 minutes.
Education & Demographics
0.7% of Royal Palm Estates residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 10.1% White, 0.0% Hispanic or Latino, 15.6% Black or African American, and 16.1% Asian residents, with 32.3% of the population being foreign-born.
Cost of Living in Royal Palm Estates, FL
Compared to national averages, Royal Palm Estates has a median household income of $51,461 (32% below the national median of $75,149). Home values average $321,200, which is 31% above the national median. Monthly rent at $2,016 is 73% above the US average of $1,163. Within Florida, Royal Palm Estates's income is 32% below the state average of $75,893, and home values are 9% below the state median of $353,675.
Why Live in Royal Palm Estates, FL?
Potential considerations include median household income ($51,461) that falls below the national average. However, Royal Palm Estates’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Royal Palm Estates has a population of 1,722 with a median age of 36 years. Compare Royal Palm Estates with other cities to see how it stacks up, or explore all cities in Florida.
Similar Cities Near Royal Palm Estates
Cities in Florida with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Manasota Key | 1,741 | $125,119 | $678,100 | Compare |
| Inglis | 1,693 | $60,000 | $162,200 | Compare |
| Verandah | 1,766 | $128,750 | $544,200 | Compare |
| Lake Hamilton | 1,767 | $60,000 | $195,200 | Compare |
| Lake Kerr | 1,767 | $43,472 | $118,800 | Compare |
| Pine Island Center | 1,668 | $61,111 | $287,300 | Compare |
| South Palm Beach | 1,667 | $79,583 | $374,200 | Compare |
| Christmas | 1,665 | $83,015 | $293,200 | 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 Estates With Other Cities
Frequently Asked Questions about Royal Palm Estates
What is the population of Royal Palm Estates, FL?
The population of Royal Palm Estates, FL is 1,722 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Florida.
What is the median household income in Royal Palm Estates?
The median household income in Royal Palm Estates, FL is $51,461 per year, which is 32% below the national median of $75,149.
What is the median home value in Royal Palm Estates?
The median home value in Royal Palm Estates, FL is $321,200, which is 31% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Royal Palm Estates?
The median monthly rent in Royal Palm Estates, FL is $2,016, which is 73% above the national average of $1,163/month.
What is the unemployment rate in Royal Palm Estates?
The unemployment rate in Royal Palm Estates, FL is 6.3%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Royal Palm Estates, FL a good place to live?
Royal Palm Estates offers a moderate cost of living, a competitive housing market, and growing employment opportunities. With a population of 1,722 and a median age of 36, the city appeals to a broad range of residents.
How educated is Royal Palm Estates, FL?
0.7% of residents in Royal Palm Estates aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Royal Palm Estates?
Key cost-of-living indicators for Royal Palm Estates, FL: median home value is $321,200 (31% above national), median rent is $2,016/month, and median household income is $51,461. The home-value-to-income ratio is 6.2x, which suggests housing may be stretched relative to local earnings.
What is the poverty rate in Royal Palm Estates?
The poverty rate in Royal Palm Estates, FL is 26.5%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Royal Palm Estates, FL?
Royal Palm Estates's population is 10.1% White, 0.0% Hispanic or Latino, 15.6% Black or African American, 16.1% Asian, and 20.0% two or more races. 32.3% of residents are foreign-born.