Pétion-Ville is a wealthier part of Haiti, in which many multiracial Haitians live. Avenues like Laboule and Morne Calvaire are known for their palatial mansions. There is an extreme, almost feudal divide between rich and poor in Haiti. The gated and privately guarded neighborhoods resemble a Haitian version of Beverly Hills or Caracas, but with razor wire. Most residents of Pétion-Ville are affluent in comparison with residents of most other parts of the country. Pétion-Ville has more security than the center of Port-au-Prince, and in general, than the other major cities of Haiti. The community is very stable, with nightlife and business conducted with an appearance of western normality, in striking contrast to many other parts of greater Port-au-Prince.
The hillside suburban town is filled with nightclubs, beauty salons, fitness gyms and French restaurants. Businesses which cater to tourists are commonplace, and parties and get-togethers often take place at night. Establishments often host considerable expatriates and foreigners of a similar calibre.

The famous "El Rancho" hotel is in Pétion-Ville. It was built from the private estate of Albert Silvera, a sports- and luxury car collector who was one of the pioneers of Haiti's hotel industry.