In FL's Wealthiest Small Town, Homes Carry Hefty Price Tags

FLORIDA — A new GoBankingRates study that set out to find pockets of wealth in the nation’s quieter communities found that the richest small town in Florida is Parkland. There, the median annual income is $174,295. That's compared to a statewide median income of $73,311 in 2023.

Parkland, with nearly 32,000 people, was established in 1963 in northwest Broward County. The town is environmentally friendly and hosts nine parks.

Anyone visiting the favored city can visit the Parkland Farmers Market, the Barkland Dog Park, Bluefin Sushi and Los Bocados.

The most expensive house being sold Thursday on Zillow in Parkland was a seven-bedroom, 11-bathroom home on sale for nearly $6.5 million. The cheapest home was a two-bedroom, two-bathroom house that had a price tag of $440,000.

For the study, GoBankingRates analyzed income data from the U.S. Census Bureau’s American Community Survey. “Small town” was defined as having between 500 and 15,000 households. Data is current as of May 16, 2023. Alaska wasn’t included because it doesn’t have enough data.

The top five wealthiest small towns in the nation are:

• Orinda, California (median income $248, 984)
• Noroton, Connecticut (median income $248,125)
• Fox Chapel, Pennsylvania (median income $247,930)
• University Park, Texas ($247,045)
• Flower Hill, New York ($246,533)

The least affluent of these wealthy small towns are:

• Shelburne, Vermont (median income $96,976)
• Cassville, West Virginia (median income $105,440)
• Inniswold, Louisiana (median income $106,759)
• Hickman, Nebraska (median income $107,604)
• Helena Valley Northeast, Montana (median income $115,833)

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