The Ivy Coach Daily
September 7, 2022
Applications to Palm Beach Private Schools Soar
Are you a New Yorker who recently relocated to Florida? If so, and you’re stressed out about enrolling your children in top private schools, particularly in the Palm Beach area, know that you’re not alone. With the influx of so many New Yorkers to Florida, a state that does not impose its own taxes on income, the private schools in the area are as hot as ever before. As but one example, applications have soared by 100% from just five years ago at The Benjamin School, a top private day school in Palm Beach.
As Selin Algar reports for The New York Post in a piece entitled “Wall Streeters fleeing NYC pack elite Palm Beach private schools to capacity,” “The ongoing swarm of finance titans from New York City into Palm Beach has left the glitzy enclave’s private school sector unable to meet demand, according to a report. The shortfall, according to the Real Deal, is hampering the area’s blistering real estate sector, with parents waiting to finalize sales until they secure private school placement…Wait lists are now years-long at top schools and affluent buyers view local public options as all but unthinkable, according to the report. The moneyed rush into South Florida accelerated during the pandemic, with a slew of Wall Street firms opening satellites in the area and allowing staffers to work remotely in Florida.”
Of course, Florida’s public schools, in general, have never enjoyed such a sterling reputation so it’s not particularly surprising that with the influx of so many wealthy New Yorkers to South Florida over these last several months that applications to the area’s top private schools would skyrocket. Heck, it’s why some of New York’s top private schools are actively seeking to open up satellite campuses in South Florida. They go where the money goes. In short, if you build it, the schools will follow. And boy are they building in South Florida!
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