Royal Palm Beach, FL Profile: Facts & Data

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Royal Palm Beach, Florida - Basic Facts

The Village of Royal Palm Beach had a population of 39,575 as of July 1, 2020. Royal Palm Beach ranks in the upper quartile for Population Density and Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Florida. See peer rankings below.

The primary coordinate point for Royal Palm Beach is located at latitude 26.7084 and longitude -80.2306 in Palm Beach County. The formal boundaries for the Village of Royal Palm Beach encompass a land area of 11.14 sq. miles and a water area of 0.15 sq. miles. Palm Beach County is in the Eastern time zone (GMT -5). The elevation is 16 feet.

The Village of Royal Palm Beach (GNIS ID: 2407540) has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Florida is one of 20 states where Census County Divisions (CCDs) are used for statistical tracking of subdivisions within each county. The Village of Royal Palm Beach is located within Royal Palm Beach-West Jupiter CCD of Palm Beach County.


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Royal Palm Beach, FL Data & Demographics (As of July 1, 2020)

POPULATION

Total Population 39,575 (100%)
Population in Households 39,390 (99.5%)
Population in Families 34,489 (87.1%)
Population in Group Quarters1 185 ( 0.5%)
Population Density 3,489
Diversity Index2 74
 
 

INCOME

Median Household Income $78,719
Average Household Income $98,152
% of Income for Mortgage4 16%
Per Capita Income $32,545
Wealth Index5 110
 

HOUSING

Total HU (Housing Units) 14,289 (100%)
Owner Occupied HU 10,656 (74.6%)
Renter Occupied HU 2,406 (16.8%)
Vacant Housing Units 1,227 ( 8.6%)
Median Home Value $292,724
Average Home Value $311,549
Housing Affordability Index3 153
 

HOUSEHOLDS

Total Households 13,062
Average Household Size 3.02
Family Households 10,166
Average Family Size 3
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

GROWTH RATE / YEAR

2010-2020 2020-2025
Population 1.4% 1.87%
Households 1.15% 1.58%
Families 1.1% 1.59%
Median Household Income   2.21%
Per Capita Income   2.48%
Owner Occupied HU   0.9%

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Royal Palm Beach, FL - Peer Comparisons by Rank and Percentile

The table below compares Royal Palm Beach to the other 919 incorporated cities, towns and CDPs in Florida by rank and percentile using July 1, 2020 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 101 89th
Population Density # 219 76th
Median Household Income # 161 83rd
Housing Affordability Index # 438 48th
Per Capita Income # 357 61st
Diversity Index # 124 87th

Additional comparisons and rankings can be made with a VERY EASY TO USE Florida Census Data Comparison Tool.

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