To discover which county rakes in the most cash, a compilation of 5-year median household estimates is used to arrive at this list of the richest counties in Florida. The annual income of each household depends on race, gender, ethnicity, educational level, and location. The list can always be found in the U.S. Census Bureau.
A large number of counties in the United States are well off. The top five wealthiest counties with the highest median household income can be found in Washington D.C. These counties’ wealth can be attributed to their proximity to Washington D.C.
Florida has more than 21 million residents now and this figure rises with each passing year. To afford a home in Florida, you should have an average of $70,360. This makes Florida one of the most expensive states to buy a home.
Richest Counties In Florida
1. Johns County
St. Johns county is located in the northeastern part of the US and is included as part of the Jacksonville metropolitan area. The county seat is St.Augustine.
St. Johns county, currently the richest county in Florida was founded in 1821 and it is one of the counties established after Florida was given up to the United States during the start of the Florida Territorial period. St. John was named for the St. Johns River that flows its the western border.
Majorly, St. John consists of residential homes for people who travel to Jacksonville. The main economic industry in the county is Tourism, and it can be associated with St. Augustine. St. John has an unincorporated community in the northwest.
St. Johns was established alongside Escambia County in 1821. Its name was coined from Saint John of the Harbor by the US Department of the Interior.
2. Monroe County
Monroe County is located in the Finger Lakes region of New York State along Lake Ontario’s southern shore. The largest city in Monroe County, the second-wealthiest county in Florida, is the City of Rochester and it is also the county’s seat.
The name Monroe came from the name of the fifth president of the United States, James Monroe. Monroe is included among Rochester, New York Metropolitan Statistical Area (MSA).
Monroe was formerly part of Albany County when counties were established in New York. Albany County was reduced in size in subsequent time to different counties.
3. Nassau County
Nassau County is located in the northernmost part of the US. The biggest incorporated city in the county is Fernandina Beach and this is also the county’s seat. Nassau County is included among the Jacksonville MSA.
Nassau’s proximity to downtown Jacksonville has aided the increase of the county’s population. New housing developments, new industrial and commercial companies, tourism locations, and agricultural production moved to the county over time. Military personnel has taken Nassau as a choice of residence.
4. Collier County
Collier County was founded as an extension of Lee County in 1923. Collier’s county seat is East Naples. The county is included in the Naples-Immokalee-Marco Island MSA.
Collier County was founded in 1923 and named for a real estate developer and advertising mogul called Barron Collier. Barron was an established prominent landowner.
5. Santa Rosa County
Santa Rosa County is located in the northwestern region of the US. Pace, Navarre, and Gulf Breeze are major communities that are within Santa Rosa. Navarre has the most population among the communities.
Santa Rosa County is one of the richest counties in Florida and this county is part of the Pensacola MSA. Santa was established in 1842 and separated from Escambia County. Santa was named after a barrier island that was in turn named for the Roman Catholic saint, Rosa de Viterbo.
Santa Rosa County has beaches and protected wilderness which makes it a growing tourist destination.
6. Seminole County
Seminole County is located in the central portion of the US. Seminole was formed from two counties in 1821- St. Johns to the east and Escambia to the west. Seminole’s county seat is Sanford.
Seminole County is part of the Orlando-Kissimmee-Sanford, Florida MSA. It was founded in 1913 and was named for the Spanish word Cimarron which means ‘’runaway’’ or ‘’wild’’.
7. Clay County
Clay County can be found in the northeastern part of the US. It was founded in 1858 and named after Henry Clay. Henry was a famous American statesman and member of the US Senate.
Clay is found in the Jacksonville MSA. The county’s seat is Green Cove Springs. It has a mild climate, nice hotels, and tourist attraction centers which makes it a popular destination for tourists.
8. Okaloosa County
Okaloosa county can be found in the northeastern part of Nigeria. It is part of the Crestview-Fort Walton Beach-Destin, Florida MSA. Okaloosa extends from the Gulf of Mexico to the Alabama state line. The county’s seat is Crestview.
Okaloosa County was established in 1915 from the western ranges of Walton County and the eastern ranges of Santa Rosa County. Okaloosa was named from a Choctaw word and it means, ‘’black water’’.
9. Palm Beach County
Palm Beach County is located in the southeastern part of the It lies directly north of Miami-Dade County and Broward County. Palm Beach is the 3rd most populous county in Florida and the 25th most populous in the US. West Palm Beach is the county’s seat and largest city.
The county was founded in 1909 after separation from Dade County. Palm Beach County alongside two counties makes up the Miami Metropolitan Area. West Palm Beach was incorporated in 1894.
10. Baker County
Baker County was established in 1861 and was named after a judge and Confederate Senator, James McNair Baker. Baker’s county seat is Macclenny.
Baker County is part of Jacksonville Florida MSA. It was established in 1861 and named for James McNair Baker. James was a Confederate and a judge.
The two wealthiest counties on this list of richest counties in Florida are in the northwestern part of the US. Nassau and Collier County rank third and fourth respectively.
The Northern part of Florida is more affordable than the Southern part. So is buying homes in the East more affordable than the West.