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Palm Beach has a median household income of 4,562 and a median family income of 7,867.The town's affluence and its "abundance of pleasures" and "strong community-oriented sensibility" were cited when it was selected in June 2003 as America's "Best Place to Live" by Robb Report magazine.The workers rented their small houses from the landowners.In the early 1900s the landowners agreed to evict all of the residents of the Styx (who moved to West Palm Beach, Florida) and Edward R. The houses were razed, according to the Palm Beach Daily News.As of the 2000 census, over half the population (52.7%) are 65 years of age or older, with a median age of 67 years.9.4% are under the age of 18, 1.5% are from 18 to 24, 11.5% are from 25 to 44, and 25.0% from 45 to 64. For every 100 females age 18 and over, there are 77.0 males. Males have a median income of ,685 versus ,875 for females.The annual average precipitation is 61 in (1,500 mm), most of which occurs during the summer season from May through October.In the wet summer season, short-lived heavy afternoon thunderstorms are common.
In 2000, Palm Beach had a year-round population of 10,468, with an estimated seasonal population of 30,000.West Palm Beach was built across Lake Worth as a service town and has become a major city in its own right.Flagler's house lots were bought by the beneficiaries of the Gilded Age, and in 1902 Flagler himself built a Beaux-Arts mansion, Whitehall, designed by the New York–based firm Carrère and Hastings and helped establish the Palm Beach winter "season" by constantly entertaining. An area known as the Styx housed many of the servants, most of whom were black.The average household size is 1.81 and the average family size is 2.38.In 2000, English was the first language of 87.81% of all residents, while French comprised 4.48%, Spanish consisted of 3.65%, German made up 2.16%, Italian speakers made up 0.45%, Yiddish made up 0.36%, Russian was at 0.30%, Arabic and Swedish at 0.25%, and Polish was the mother tongue of 0.24% of the population.