Definition of "What is Boca Raton famous for?"

As it is positioned on the coast of the Atlantic Ocean and has extensive waterfront access, the city of Boca Raton, Florida is well known as a fantastic destination for those that want to enjoy its amazing beaches. Beside the beaches, Boca Raton also enjoys the warm year-round climate of coastal Florida cities. With its location and amazing weather come also plenty of investors that steadily influenced the city’s economy and made it even more attractive to those who want to work in industries that flourish and in an environment that prospers.

A well-deserved nickname 

The city is also called “the Playground for the Wealthy”. Because of its robust economy, the city of Boca Raton, FL draws in successful and affluent individuals. The more wealthy residents are attracted, the more growth is experienced by the economy of the city and this only leads to higher standards of living. Another factor that influences the high standard of living in Boca Raton, Florida is the high number of affluent retirees that move here from the northern parts of the country. After a life in which they managed to save money, many well-off retirees decide to come here to enjoy the best life that they can and the much warmer weather. It is easy to see why those rich and powerful want to live here. 

 

This, however, does not mean that a median income in Boca Raton will not allow you to live a good life there. Quite the contrary. It only means that the majority of its residents are affluent, high-income earners. It is also easier for those that have six-figure salaries to afford the Boca Raton way of life. Purchasing a perfect home in Boca Raton, however, is accessible for most residents as home prices range from $60,000 all the way over $1,200,000. There are plenty of options available especially if you contact real estate agents in Boca Raton FL.

image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Real Estate Questions

Popular Real Estate Glossary Terms

Average number of business days an office space is being used. ...

Document submitted to a governmental agency to extend the time period for a previously approved document. ...

model depicting on paper what a structure physically looks like. The dimensions are draw on a proportionate basis to the real thing. An example is a scale of an existing or proposed office ...

A map that shows land elevations. ...

Payment received after the due date. A penalty and/or interest may be charged on such payment. For example, a bank may charge a penalty of $25 if a mortgage payment is received after the ...

What does viz. mean? The meaning of viz. derives from the Latin word videlicet which is translated into English as namely, that is, which is, as follows. You may encounter it in legal ...

Lease payments based on factors other than the passage of time. ...

Ask Price is the initial listed price for a piece of real estate.It’s important to understand that, in the real estate world, there’s no such thing as a fixed price when buying ...

Written proposals and acceptances applicable to the aspects of the transaction. The escrow agent must follow the purchase and sale agreement. ...