| Index | Palm Beach Gardens | Florida | National |
| Cost of living | 136 | 102 | 100 |
| Groceries | 100 | 102 | 100 |
| Health care | 104 | 104 | 100 |
| Housing | 212 | 97 | 100 |
| Transportation | 101 | 103 | 100 |
| Utilities | 108 | 110 | 100 |
| Lifestyle & Entertainment | 106 | 104 | 100 |
| Household Items | 103 | 102 | 100 |
| Education & Childcare | 106 | 106 | 100 |
Are you thinking about relocating, but curious about the potential cost of living in Palm Beach Gardens? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Palm Beach Gardens stands at 136, making it 36% higher than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.
The cost of living in Palm Beach Gardens is among the highest in the country, making it a very expensive place to live. Only a small fraction of regions boast a cost of living that is at least 20% higher than the national average, and regrettably, Palm Beach Gardens falls into this category, which may not be suitable for those seeking an economically favorable living environment.
Housing costs make up a big chunk of the cost of living in Palm Beach Gardens, and they usually eat into a large part of your take-home pay. Unfortunately, in this area, both buying a home and renting one costs 111.8% more than the average city. This includes stuff like home prices, rent, mortgage rates, and insurance.
Is Palm Beach Gardens an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in Palm Beach Gardens is 122.3% higher than the national average, while the average monthly rent prices are 87% higher than average. The affordability of any location can also be influenced by median income levels. Palm Beach Gardens has a median household income of $132,187, which is 62.5% higher than the national average.
Housing: When everyone's vying for homes in popular areas, it drives up property prices and rents, making the overall cost of living surge. On the flip side, in less sought-after locales, where housing demand is low, prices tend to dip, resulting in a more economical cost of living. In Palm Beach Gardens, the housing index comes in at 111.8% higher than the national average.
Subsidies: Certain cities or states may implement government subsidies or assistance programs with the goal of alleviating the cost of living pressures on their residents. These programs encompass a broad spectrum of support mechanisms, including Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farming subsidies. Areas offering fewer subsidies may experience a rise in their cost of living.
Groceries: Grocery expenditures have undergone notable escalation over the last 2-3 years. In some markets, the cost of food products has surged by more than 20%, while others have experienced only modest increments. These fluctuations in food costs can have a significant impact on the overall cost of living in any region. In Palm Beach Gardens, the groceries index registers 0.2% lower than the national average.
The Palm Beach Gardens cost of living data above is designed around a U.S. average baseline of 100, allowing for easy comparisons of relative living costs. Housing incorporates U.S. Census home price and rental data, while all other figures are AI-assisted estimates that account for regional price trends, climate, transportation dynamics, and common everyday expenses. These values are best used as directional city-to-city comparisons.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $157,363 | $13,114 | $3,672 | $4,721 |
| Renters | $93,577 | $7,798 | $2,183 | $2,808 |
| State | General Sales Tax | With Max Surtax |
| Florida | 6% | 7.5% |
| State | Income Tax (Low) | Income Tax (High) |
| Florida | 0% | 0% |
| City | Population | Cost of Living Index | National Avg. |
| Plantation Mobile Home Park, FL | 1,699 | 87 | 12.6% |
| Mangonia Park, FL | 2,301 | 98 | 2.5% |
| Lake Worth, FL | 38,026 | 100 | 0.2% |
| Royal Palm Estates, FL | 1,662 | 103 | 2.6% |
| Westgate, FL | 10,229 | 102 | 2.3% |
| Palm Beach Gardens, FL | 58,393 | 136 | 35.9% |
| City | Population | Cost of Living Index | National Avg. |
| Caldwell, ID | 58,211 | 99 | 0.7% |
| Midwest City, OK | 58,587 | 88 | 11.9% |
| Shoreline, WA | 58,611 | 160 | 60.0% |
| Grand Forks, ND | 58,685 | 101 | 1.4% |
| Towson, MD | 58,727 | 133 | 33.3% |
| Palm Beach Gardens, FL | 58,393 | 136 | 35.9% |
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