Cost Of Living in Palm Shores, FL

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A-

10%

Overall NAT. AVG.

5%

Groceries NAT. AVG.

21%

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 Shores	Florida	National
Cost of living	110	102	100
Groceries	105	102	100
Health care	106	104	100
Housing	121	97	100
Transportation	103	103	100
Utilities	114	110	100
Lifestyle & Entertainment	105	104	100
Household Items	105	102	100
Education & Childcare	101	106	100

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Homes For Sale In Palm Shores, FL

2360 Honeybrook Creek Dr

Melbourne, FL

4018 N US Hwy 1

Melbourne, FL

5241 N Highway 1 HWY

Palm Shores, FL

Cost Of Living Quick Facts

The cost of living in Palm Shores is 8% higher than the Florida average
The cost of living in Palm Shores is 10% higher than the national average
Palm Shores housing is 21% 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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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	$131,259	$10,938	$3,063	$3,938
Renters	$89,986	$7,499	$2,100	$2,700

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.
Cocoa West, FL	6,136	94	5.9%
Cocoa, FL	20,791	96	3.7%
Palm Bay, FL	116,937	105	5.3%
Melbourne, FL	85,242	105	5.2%
June Park, FL	5,056	112	12.1%
Palm Shores, FL	1,662	110	10.1%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Royal Palm Estates, FL	1,662	103	2.6%
Le Grand, CA	1,661	108	8.3%
Pine Valley, CA	1,663	158	57.7%
Southern View, IL	1,661	90	10.1%
Arnaudville, LA	1,661	81	19.0%
Palm Shores, FL	1,662	110	10.1%