Palm Beach Gardens 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.
IndexPalm Beach GardensFloridaNational
Cost of living index119100100
IndexPalm Beach GardensFloridaNational
Goods & Services index99101100
Groceries index102105100
Health care index9997100
Housing index15995100
Transportation index118105100
Utilities index97102100
A general summary of the cost of living index in Palm Beach Gardens, FL is shown above. Compared to the state average of Florida the cost of living index in Palm Beach Gardens, FL is 119, which is 19% higher than the average in Florida and compared to the national average it is 19% 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 Palm Beach Gardens, 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 Palm Beach Gardens is 19% higher than the Florida average.
  • The cost of living in Palm Beach Gardens is 19% higher than the national average.
  • The cost of housing in Palm Beach Gardens is 59% 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 Palm Beach Gardens, FL Cost of living To Other Cities

Salary Calculator

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The salary calculator allows you to compare how much your current salary in Palm Beach Gardens, FL would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Palm Beach Gardens, FL, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Palm Beach Gardens, FL salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$77,929$6,494$1,818$2,338
Renters$52,606$4,384$1,227$1,578
One can approximate the cost of living and the housing affordability in Palm Beach Gardens, FL by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Palm Beach Gardens, FL have a median income of $77,929. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,818 per month to avoid calamity and poverty. The renters in the city have an income of about $52,606, which would make their monthly maximum allowable rental costs $1,227.

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 Palm Beach Gardens, 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

ItemPalm Beach GardensNational 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

ItemPalm Beach GardensNational 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

ItemPalm Beach GardensNational 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

ItemPalm Beach GardensNational avg.Difference
Home Price $284,600.00$175,700.0062.0%
Avg. Mortgage Payment $1,564.37$1,081.0344.7%
Apartment Rent $1,403.00$920.0052.5%

Transportation

ItemPalm Beach GardensNational avg.Difference
Gasoline $2.35$2.0912.6%
Tire Balancing $59.59$45.2931.6%

Utilities

ItemPalm Beach GardensNational 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%
Palm Beach Gardens, FL50,14711919%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Enid, OK50,23286-14%
Grand Island, NE50,05987-13%
Casa Grande, AZ50,31688-12%
Troy, NY49,9651022%
Palm Desert, CA49,95312525%
Palm Beach Gardens, FL50,14711919%
Source: The Palm Beach Gardens, FL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.