Palm Valley, FL Cost Of Living

Livability

Livability score Score breakdown Commute times City comparison Best nearby cities Livability poll Reviews

Cost of living

Cost of living index Cost of living poll Did you know? City comparison Salary calculator State sales tax Cost of living breakdown Best nearby cities

Crime

Reported annual crime Crime poll Crime heat map Did you know? City comparison Daily crime Year over year crime Best nearby cities

Demographics

Demographics profile Did you know? City comparison Race breakdown Languages spoken Age breakdown Marital status

Employment

Employment information Employment poll Am I middle class? Did you know? City comparison Employment status Median earnings Best nearby cities

Real Estate

Homes for sale Market facts Home affordability Affordability calculator Mortgage calculator Demographics Best nearby cities

Rentals Schools Weather

Current weather Weather poll Average temperature Did you know? City comparison Air quality / pollution Heat index Montly precipitation Best nearby cities

Palm Valley 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.
Index	Palm Valley	Florida	National
Cost of living index	123	99	100
Index	Palm Valley	Florida	National
Goods & Services index	93	99	100
Groceries index	100	105	100
Health care index	87	100	100
Housing index	193	96	100
Transportation index	84	98	100
Utilities index	98	102	100

The above illustration supplies generalized information for the Palm Valley, FL cost of living index. Compared to other cities in Florida and cities across the country, the cost of living index in Palm Valley, FL is 123, which is 24% higher than the Florida average and 23% higher than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Palm Valley, FL are 6% lower than the average for Florida and 7% lower than the rest of the country.

Did you know?

The cost of living in Palm Valley is 24% higher than the Florida average.
The cost of living in Palm Valley is 23% higher than the national average.
The cost of housing in Palm Valley is 93% 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.

The best places in Florida

Here are the best places to live in Florida

Top 10 best public schools in Palm Valley

Check out the 10 safest cities in Florida

See the best places to live in & around Palm Valley

Compare Palm Valley, FL Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in

Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Use the salary calculator to compare your current income in Palm Valley, FL to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Palm Valley, FL, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Palm Valley, FL salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$111,197	$9,266	$2,594	$3,336
Renters	$49,881	$4,157	$1,164	$1,497

A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Palm Valley, FL, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Palm Valley, FL has a median income of about $111,197 for people who own homes. Based on that number, a person should spend a maximum of $2,594 on expenses related to housing. Renters have a slightly different median income, which is $49,881. Based on this average, renters should spend no more than $1,164 on all of their rental costs if they want to maintain a non-impoverished standard of living.

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%

When considering the overall cost of living expenses in Palm Valley, FL, it's important to take into account the sales tax for Florida, as well as the rate for income tax in Florida. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for Florida is 7.5%, and the sales tax in the state of Florida is 6%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in Florida starts from 0% and goes up to 0%.

Goods & Services

Item	Palm Valley	National avg.	Difference
Haircut	$14.20	$17.49	18.8%
Beauty Salon	$52.00	$38.17	36.2%
Toothpaste	$2.46	$2.32	6.0%
Shampoo	$0.94	$1.01	7.1%
Movie	$11.17	$10.72	4.2%
Bowling	$13.60	$13.86	1.9%

Groceries

Item	Palm Valley	National avg.	Difference
Ground Beef	$4.03	$3.90	3.3%
Fried Chicken	$1.28	$1.40	8.3%
Milk	$2.02	$1.96	2.9%
Potatoes	$4.06	$3.18	27.6%
Pizza	$8.99	$10.39	13.5%
Beer	$9.24	$9.23	0.1%

Health Care

Item	Palm Valley	National avg.	Difference
Optometrist	$63.80	$106.34	40.0%
Doctor	$82.50	$115.25	28.4%
Dentist	$97.20	$98.38	1.2%
Ibuprofen	$8.79	$9.26	5.1%
Lipitor	$433.34	$466.47	7.1%

Housing

Item	Palm Valley	National avg.	Difference
Home Price	$412,300.00	$184,700.00	123.2%
Avg. Mortgage Payment	$961.96	$1,273.32	24.5%
Apartment Rent	$1,166.00	$949.00	22.9%

Transportation

Item	Palm Valley	National avg.	Difference
Gasoline	$2.50	$2.59	3.7%
Tire Balancing	$32.33	$48.90	33.9%

Utilities

Item	Palm Valley	National avg.	Difference
All Electricity	$158.65	$167.60	5.3%
Phone	$184.29	$163.42	12.8%

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.

City, State	Population	Cost of Living Index	National Avg.
Jacksonville Beach, FL	22,519	108	8%
Atlantic Beach, FL	13,089	114	14%
Fruit Cove, FL	31,419	114	14%
Neptune Beach, FL	6,817	115	15%
Nocatee, FL	9,836	121	21%
Palm Valley, FL	21,441	123	23%

City, State	Population	Cost of Living Index	National Avg.
Sedalia, MO	21,441	86	-14%
Albertville, AL	21,434	88	-12%
Arbutus, MD	21,455	110	10%
Portsmouth, NH	21,458	128	28%
Eastmont, WA	21,403	144	44%
Palm Valley, FL	21,441	123	23%

Palm Valley, FL Cost of Living