Cost of Living in Palm Beach, FL

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F
130%
Overall NAT. AVG.
1%
Groceries NAT. AVG.
425%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Palm Beach Florida National
Cost of living230102100
Groceries101102100
Health care103104100
Housing52597100
Transportation103103100
Utilities109110100
Lifestyle & Entertainment106104100
Household Items102102100
Education & Childcare106106100
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Homes For Sale In Palm Beach, FL

property for sale

2 N Breakers Row Unit S41

Palm Beach, FL
property for sale

3450 S Ocean Blvd #726

Palm Beach, FL
property for sale

3475 S Ocean Blvd

South Palm Beach, FL
property for sale

3440 S Ocean Blvd Unit 304S

Palm Beach, FL

Cost Of Living Quick Facts

  • The cost of living in Palm Beach is 126% higher than the Florida average
  • The cost of living in Palm Beach is 130% higher than the national average
  • Palm Beach housing is 425% 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

Most Affordable Places to Live in and Around Palm Beach

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Compare Palm Beach, FL Cost of Living

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      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index
      Lifestyle index
      Household index
      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$337,135$28,095$7,866$10,115
      Renters$99,271$8,273$2,316$2,978
      The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Palm Beach, FL, as well as what the overall cost of living might be. 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 payments and not more than 36 percent of income on all expenses and debts. In Palm Beach, homeowners have a median income of $337,135. Using that number, a maximum of $7,866 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $99,271, which means there is a maximum of $2,316 to be spent on the costs of renting a home or apartment.

      Florida Sales Tax

      State General Sales Tax With Max Surtax
      Florida 6% 7.5%

      Florida Income Tax

      State Income Tax (Low) Income Tax (High)
      Florida 0% 0%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Plantation Mobile Home Park, FL1,6998712.6%
      Mangonia Park, FL2,301982.5%
      Lake Worth, FL38,0261000.2%
      San Castle, FL4,2111010.8%
      Royal Palm Estates, FL1,6621032.6%
      Palm Beach, FL9,038230130.3%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Frankfort Square, IL9,03711110.7%
      Clinton, MO9,0378614.0%
      New Albany, MS9,0398712.7%
      McFarland, WI9,04011010.1%
      Andalusia, AL9,0418614.2%
      Palm Beach, FL9,038230130.3%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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