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.
Popular Real Estate Questions
Popular Real Estate Glossary Terms
lease computed as a percentage of the underlying appraised property value. Under the terms of a reappraisal lease, the rent is periodically adjusted using an independent appraisal of the ...
Person or business that obtains mortgages for others by finding suitable lenders. The mortgage broker sometimes deals with collections and disbursements. Typically the mortgage broker ...
Received immediately when an investment is made or contract signed. For example, a real estate limited partnership may require that an investor pay a 3% sale fee at the time of initial ...
The definition of abatement is a reduction of penalties or a tax deduction for individuals or businesses. It can often be accessed upon an overpayment of taxes, if the company or individual ...
Money and nonmonetary consideration given to employees for work performed. The reward will typically be increased the better the job is done. Salary and fringe benefits are a major cost of ...
Additional utility an individual receives when purchasing an additional unit of a commodity or service. Represents a trade off between units of cost and unit of utility. For example, an ...
Home prominent in Williamsburg and typical of those in Georgia in the 1700s. The homes usually were 2 to 3 stories, in rectangular form, with double hung windows, two high chimneys, and ...
One who agrees to pay the debts of another in the event that the debtor does not pay. The creditor can demand payment from the surety as soon as the debt becomes due. Although a surety ...
Founded in 1934 and located in Garden, CA with 1993 membership of 9,000, the IRWA is a professional association of appraisers, property managers, title examiners, and others having interest ...
Have a question or comment?
We're here to help.