Once known mostly for beaches, golf, and winter getaways, Palm Beach County has officially earned a new nickname: Wall Street South. In just a few years, this stretch of South Florida has transformed into one of the world’s hottest financial hubs — and the numbers prove it.
From New York to the Palm Beaches
About 40% of Palm Beach County’s 73,000 companies are in business and financial services. More than 300 hedge funds and private equity firms — including heavyweights like Citadel, Goldman Sachs, BlackRock, and Elliott Management — now call the county home. Over 120 firms have relocated here in recent years, many from New York, as the Palm Beach area is #1 in New York relocations.
By the Numbers
Palm Beach County is ranked among the top 5 fastest-growing wealth hubs in the world:
- 💼 ~120,000 jobs in business and financial services
- 💰 Average sector salary: ~$123,000
- 📊 $35 billion gross regional product in business and financial services
- 🌎 ~75,000 millionaires & 68 billionaires live here
- 🏆 Finance is the #1 sector by personal income (+$7 billion annually)
Why Here?
The appeal goes way beyond the sunshine:
- No state income tax
- Class A office space at half the cost of NYC
- A luxury lifestyle with year-round golf and outdoor activities, beaches, and fine dining
- Ranked #1 in the U.S. for attracting and keeping the young and wealthy
The Bottom Line
Palm Beach County isn’t just a resort town anymore — it’s a financial capital. Whether you call it “Wall Street South” or simply “home,” the future of finance has a Florida address.
