Royal Palm Beach is a medium-sized city located in the state of Florida. The city has a population of 36,829 residents. Royal Palm Beach has a population density of 3,190 people per square mile. This would be considered well above the national population density level. If we take a look at the last Census, the vast majority of the population falls within one racial group (66% White). Given that fact, Royal Palm Beach could be considered less diverse than other cities. 72% of the people in Royal Palm Beach (over the age of 15) are married and 54% have kids under the age of eighteen. Knowing that, it’s safe to say that this area could be a great place for other families to lay down roots.
Living in Royal Palm Beach can be a fulfilling experience for anyone moving to the area. Having said that, in the state of Florida, there are many desirable places to live, so choose wisely! Finding the best places to live in Royal Palm Beach and nearby areas is a much easier task when you can rely on information and data from the livability score, which includes amenities, crime, cost of living, weather, housing and other important metrics.
Royal Palm Beach has a livability score of 78 out of 100 and is ranked #249 in Florida and #2,848 in the USA. Compared to the US average, Royal Palm Beach ranks among some of the best places to live in the country! Royal Palm Beach has also earned the rare honor of ranking in the top 10 percentile among all cities. For each of the livability categories, we know that Royal Palm Beach ranks very well for amenities (B-), weather (A), education (B+) and housing (B-). Royal Palm Beach does not score well for the following: cost of living (D-). It might be a good idea to take a closer look at each category to find out why.
Assuming that Royal Palm Beach meets all of your requirements, the next most important item to examine is the affordability of real estate in Royal Palm Beach. Everything else becomes a lot less important if it turns out that home prices in Royal Palm Beach are simply unattainable. Median real estate prices in Royal Palm Beach come in at $210,000, which is 25.9% higher than the Florida average. The home price to income ratio compares the median home prices to the median household income. In Royal Palm Beach, the home price to income ratio is 3.1, which is 8.8% lower than the Florida average. For most people, purchasing a new home is the biggest investment they will make in their lifetime. Taking a look at overall real estate appreciation rates in Royal Palm Beach will offer some insight into determining if your home purchase will be a solid investment for years to come. In Royal Palm Beach, the year-over-year appreciation rates were 8.9%, and the 5 year appreciation rates came in at 13.4%.