| Index | Palm Coast | Florida | National |
| Cost of living | 112 | 102 | 100 |
| Groceries | 102 | 102 | 100 |
| Health care | 102 | 104 | 100 |
| Housing | 131 | 97 | 100 |
| Transportation | 102 | 103 | 100 |
| Utilities | 110 | 110 | 100 |
| Lifestyle & Entertainment | 109 | 104 | 100 |
| Household Items | 104 | 102 | 100 |
| Education & Childcare | 101 | 106 | 100 |
Getting a feel for the cost of living in Palm Coast is essential for anyone planning to relocate, as it empowers them to make informed financial decisions, secure a comfortable lifestyle and maintain financial stability in their new environment. The cost of living in Palm Coast is 112, which is 12% higher than the national average. Relocating individuals may need to adjust their savings and investment strategies based on the cost of living in the new location. It influences decisions about retirement planning, investments and financial goals.
When it comes to the cost of living in Palm Coast, housing costs are a real heavyweight, often hogging a significant chunk of your earnings. Sadly, in this area, housing expenses for both buying and renting were 30.9% more expensive compared to your average city. That means you'll be shelling out more for homes, rents, mortgage rates and insurance.
Is Palm Coast 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 Coast is 25.2% higher than the national average, while the average monthly rent prices are 44.3% higher than average. The affordability of any location can also be influenced by median income levels. Palm Coast has a median household income of $84,798, which is 4.3% higher than the national average.
Housing: When there's a high demand for housing in trendy places, it can cause property prices and rental rates to soar, leading to a significantly higher cost of living. Conversely, in less desirable locations, where demand is low, prices tend to decrease, resulting in a more budget-friendly cost of living. In Palm Coast, the housing index is 30.9% higher than the national average.
Groceries: Grocery prices have seen substantial hikes in the last 2-3 years, with some markets witnessing food cost increases of over 20% during this period. Conversely, certain markets have experienced only moderate upticks. These variations in food expenses can have a substantial impact on the overall cost of living in any locality. In Palm Coast, the groceries index is 2.3% higher than the national average.
Urbanization: Larger, urban centers, known for their wealth of amenities and strong employment prospects, often exhibit an elevated cost of living, primarily attributable to the heightened demand for services and residential relocation. Consequently, this scenario leads to elevated home prices and higher rental rates. In contrast, sparsely populated rural areas or regions characterized by diminished demand typically provide a more limited array of amenities and experience slower job market growth, resulting in a more affordable cost of living.
The Palm Coast 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 | $92,062 | $7,672 | $2,148 | $2,762 |
| Renters | $70,393 | $5,866 | $1,642 | $2,112 |
| 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. |
| Marineland, FL | 6 | 104 | 3.8% |
| Flagler Estates, FL | 3,446 | 92 | 8.1% |
| Bunnell, FL | 2,957 | 95 | 4.9% |
| Beverly Beach, FL | 575 | 104 | 4.3% |
| Flagler Beach, FL | 5,227 | 124 | 23.6% |
| Palm Coast, FL | 91,057 | 112 | 11.9% |
| City | Population | Cost of Living Index | National Avg. |
| Champaign, IL | 90,911 | 98 | 2.4% |
| Reading, PA | 90,906 | 88 | 12.4% |
| Fort Smith, AR | 90,724 | 87 | 12.8% |
| Fall River, MA | 91,437 | 119 | 19.1% |
| Nashua, NH | 91,471 | 116 | 16.5% |
| Palm Coast, FL | 91,057 | 112 | 11.9% |
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