According to recent reports, Palm Beach County is one of Florida’s fastest growing metropolitan areas. Palm Beach County’s population growth has risen 2.8 % percent, coming in behind Orlando and Fort Myers.
The most recent population estimate done in 2016 by the U.S. Census Bureau said the area was home to 1.44 million people. The recent reports have predicted that the population will hit 1.5 million this year, two years earlier than The University of Florida’s Bureau of Economic and Business Research have predicted.
A boost in homes sales, commercial activity, and housing affordability are considered some of the reasons for the economic growth. Palm Beach County offers some of Florida’s highest wages and low unemployment. The area has seen a lot of interest from out-of-state buyers because of the new tax laws approved in December of last year.
Out of the nine areas involved in the study, Palm Beach County ranked number 3 for population growth. Other cities involved include Jacksonville, Tampa, Fort Lauderdale, Indian River, and Miami.
Palm Beach County is home to over 47 miles of Atlantic Coastline and beaches, as well as plenty of fishing, boating, and all water sport activities. Palm Beach County is also home to the Professional Golfers Association of America Headquarters, amazing arts and entertainment, and world-class shopping and restaurants.