All the wealth in Miami can’t stack up to the riches of Naples and Collier County. In fact, only one county beats out Collier in this Overall Wealth Index Study from financial technology company SmartAsset. That county is home to the Florida Keys, Monroe County.
The company created their index by adding up three key metrics. Investment income, property value, and per capita income. Of the 67 counties in Florida, Glades County, home to Moore Haven and Palmdale finished last. According to the study, Glades County residents Median Income is $38.088. Investment Income is $20,804. And a Median Home value of $235,335. Investment income defined as Ordinary Dividends, Qualified Dividends, and Net Capital Gains. With 18.80% of the residents 65 or older Glades could be considered fairly young for Florida.
Sticking to our Southwest Florida area, Lee County ranked in as the 17th richest county in Florida. There’s definitely some money in Fort Myers. I do wonder if the data accounts for the destruction on Fort Myers Beach, Sanibel, and Captiva. Cape Coral still has a lot of blue tarps up, too.
Just to the north, Charlotte County ranks as the 26th richest county.
On a National level, the four richest counties in the country are all in California. San Mateo County is number one on the list. A Median Income of $136,837. Investment Income of $149,818. And a Median Home Value of $1,495,191. I really don’t know how anyone can afford to live in the Bay Area of California. I can barely make my Estero, Florida mortgage payment.
Here’s the 10 Wealthiest Counties in Florida. Data provided by SmartAsset.