Royal Palm Estates cost of living index

Date & Last Updated: This data reflects 2019 and was released from C2ER in January, 2020; this is the most current data available.
The 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. The breakdown for each index is as follows: goods and services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
IndexRoyal Palm EstatesFloridaNational
Cost of living9099100
IndexRoyal Palm EstatesFloridaNational
Goods & Services9999100
Groceries106105100
Health care100100100
Housing6496100
Transportation10898100
Utilities98102100

Key findings

  • The cost of living in Royal Palm Estates is 9% lower than the Florida average
  • The cost of living in Royal Palm Estates is 10% lower than the national average
  • Royal Palm Estates housing is 36% lower 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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Compare Royal Palm Estates, FL Cost of Living To Other Cities

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      Housing index
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      Median Income & Debt-To-Income Ratio

      Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      Owners$54,500$4,542$1,272$1,635
      Renters$36,484$3,040$851$1,095

      Florida Sales Tax

      StateGeneral Sales TaxWith Max Surtax
      Florida6%7.5%

      Florida Income Tax

      StateIncome Tax (Low)Income Tax (High)
      Florida0%0%

      Goods & Services

      ItemRoyal Palm EstatesNational avg.Difference
      Haircut $17.50$17.490.1%
      Beauty Salon $55.00$38.1744.1%
      Toothpaste $2.28$2.321.8%
      Shampoo $1.08$1.016.7%
      Movie $13.05$10.7221.7%
      Bowling $20.57$13.8648.4%

      Groceries

      ItemRoyal Palm EstatesNational avg.Difference
      Ground Beef $3.49$3.9010.5%
      Fried Chicken $1.28$1.408.3%
      Milk $2.68$1.9636.6%
      Potatoes $3.99$3.1825.4%
      Pizza $9.62$10.397.4%
      Beer $10.09$9.239.3%

      Health Care

      ItemRoyal Palm EstatesNational avg.Difference
      Optometrist $121.67$106.3414.4%
      Doctor $98.00$115.2515.0%
      Dentist $101.40$98.383.1%
      Ibuprofen $11.49$9.2624.1%
      Lipitor $468.27$466.470.4%

      Housing

      ItemRoyal Palm EstatesNational avg.Difference
      Home Price $79,300.00$184,700.0057.1%
      Avg. Mortgage Payment $1,905.30$1,273.3249.6%
      Apartment Rent $1,072.00$949.0013.0%

      Transportation

      ItemRoyal Palm EstatesNational avg.Difference
      Gasoline $2.51$2.593.3%
      Tire Balancing $63.98$48.9030.9%

      Utilities

      ItemRoyal Palm EstatesNational avg.Difference
      All Electricity$158.03$167.605.7%
      Phone $185.34$163.4213.4%
      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.

      Nearby cities with low cost of living

      City, StatePopulationCost of Living IndexNational Avg.
      Schall Circle, FL1,21787-13%
      Pine Air, FL2,13190-10%
      San Castle, FL4,62291-9%
      Palm Springs, FL23,59292-8%
      Gun Club Estates, FL1,40192-8%
      Royal Palm Estates, FL3,34690-10%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      Durand, MI3,34684-16%
      Newton, MS3,34680-20%
      Jasper, TN3,34786-14%
      Breckenridge, MN3,34786-14%
      Boardman, OR3,34788-12%
      Royal Palm Estates, FL3,34690-10%
      Source: The Royal Palm Estates, FL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.