North Palm Beach cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexNorth Palm BeachFloridaNational
Cost of living index110100100
IndexNorth Palm BeachFloridaNational
Goods & Services index99101100
Groceries index102105100
Health care index9997100
Housing index12895100
Transportation index118105100
Utilities index97102100
A general summary of the cost of living index in North Palm Beach, FL is shown above. Compared to the state average of Florida the cost of living index in North Palm Beach, FL is 110, which is 10% higher than the average in Florida and compared to the national average it is 10% higher than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In North Palm Beach, FL goods and services come in at 2% lower than the average in Florida and are 1% lower than compared to the nationwide average.

Did you know?

  • The cost of living in North Palm Beach is 10% higher than the Florida average.
  • The cost of living in North Palm Beach is 10% higher than the national average.
  • The cost of housing in North Palm Beach is 28% higher than the national average.
  • Florida general sales tax is 18% higher than the national average.
  • Florida state income tax is 100% lower than the national average.

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Compare North Palm Beach, FL Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current salary in North Palm Beach, FL to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in North Palm Beach, FL, then you would need to earn more income in order to maintain the same standard of living. To use the North Palm Beach, FL salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$66,156$5,513$1,544$1,985
Renters$40,304$3,359$940$1,209
How much of your monthly income goes to housing can tell you whether or not you can afford housing in North Palm Beach, FL, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In North Palm Beach, FL homeowners have a median income of $66,156. Using that number, you will come up with a maximum of $1,544 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $40,304, which means there is a maximum of $940 to be spent on the costs of renting a home or apartment.

Florida Sales Tax

StateGeneral Sales TaxWith Max Surtax
Florida6%7.5%

Florida Income Tax

StateIncome Tax (Low)Income Tax (High)
Florida0%0%
One thing to keep in mind when considering the cost of living in North Palm Beach, FL is the Florida sales tax and Florida income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The Florida sales tax rate is 6% and the maximum surtax that can be charged is 7.5%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The Florida income tax rates range from 0% to 0%.

Goods & Services

ItemNorth Palm BeachNational avg.Difference
Haircut $12.83$14.5912.1%
Beauty Salon $49.75$34.6843.5%
Toothpaste $2.91$2.4717.7%
Shampoo $1.03$1.020.8%
Movie $12.41$9.8725.8%
Bowling $4.53$4.393.1%

Groceries

ItemNorth Palm BeachNational avg.Difference
Ground Beef $5.12$4.4814.4%
Fried Chicken $1.56$1.466.6%
Milk $2.82$2.3619.7%
Potatoes $3.32$3.068.4%
Pizza $8.99$9.242.7%
Beer $8.02$8.637.1%

Health Care

ItemNorth Palm BeachNational avg.Difference
Optometrist $95.80$99.784.0%
Doctor $87.00$105.0317.2%
Dentist $87.40$88.701.5%
Ibuprofen $11.59$9.4123.1%
Lipitor $332.58$298.5011.4%

Housing

ItemNorth Palm BeachNational avg.Difference
Home Price $229,600.00$175,700.0030.7%
Avg. Mortgage Payment $1,564.37$1,081.0344.7%
Apartment Rent $1,110.00$920.0020.7%

Transportation

ItemNorth Palm BeachNational avg.Difference
Gasoline $2.35$2.0912.6%
Tire Balancing $59.59$45.2931.6%

Utilities

ItemNorth Palm BeachNational avg.Difference
All Electricity$166.37$170.802.6%
Phone $27.52$28.262.6%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Schall Circle, FL1,12988-12%
Plantation Mobile Home Park, FL1,03188-12%
Gun Club Estates, FL93690-10%
Westgate, FL8,48690-10%
Royal Palm Estates, FL2,78090-10%
North Palm Beach, FL12,27211010%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
South Daytona, FL12,26593-7%
Newington Forest, VA12,28313737%
Port Lavaca, TX12,28982-18%
Evanston, WY12,25397-3%
Grand Terrace, CA12,25211616%
North Palm Beach, FL12,27211010%
Source: The North Palm Beach, FL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.