Palm Beach Gardens, FL Cost Of Living
Cost Of Living In Palm Beach Gardens, FL Summary
Cost of living in Palm Beach Gardens research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Palm Beach Gardens is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Florida, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Palm Beach Gardens is 122, with 100 being the average.
The cost of living index in Palm Beach Gardens is 1.2x higher than the national average.
Palm Beach Gardens ranks as the #412 cheapest in Florida out of 459.
Palm Beach Gardens ranks as the #4,905 cheapest out of 6,412 in the US.
The median home value in Palm Beach Gardens is $414,300.
The median income in Palm Beach Gardens is $99,734.
Table Of Contents
Palm Beach Gardens's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Palm Beach Gardens, FL?
According to the most recent data on the cost of living, Palm Beach Gardens has an overall cost of living index of 122, which is 1.2x higher than the national index of 100.
Compared to Florida, Palm Beach Gardens has a cost of living index that's 1.2x higher than Florida's index of 101.
The standard of living in Palm Beach Gardens ranks as #412 most affordable out of the 459 places we measured in Florida. By definition, that implies Palm Beach Gardens ranks as the #47 most expensive place in the Sunshine State.
For more reading on life in Palm Beach Gardens, check out:
- Living In Palm Beach Gardens
- Palm Beach Gardens Crime Report
- Search Homes For Sale In Palm Beach Gardens, FL
In Florida
In America
Palm Beach Gardens Cost Of Living Vs. Florida
Six factors go into calculating the cost of living index in Palm Beach Gardens. Here is how it fairs on each of the criteria:
The Services index in Palm Beach Gardens is 99.
The Groceries index in Palm Beach Gardens is 116.
The Health index in Palm Beach Gardens is 105.
The Housing index in Palm Beach Gardens is 167.
The Transportation index in Palm Beach Gardens is 108.
The Utilities index in Palm Beach Gardens is 97.
| Living Expense | Palm Beach Gardens | Florida | National Average | |
|---|---|---|---|---|
| Overall | 122 | 101 | 100 | |
| Services | 99 | 98 | 100 | |
| Groceries | 116 | 101 | 100 | |
| Health | 105 | 96 | 100 | |
| Housing | 167 | 108 | 100 | |
| Transportation | 108 | 98 | 100 | |
| Utilities | 97 | 100 | 100 | |
Palm Beach Gardens, FL Housing Cost Breakdown
Housing swings affordability the most between places in Florida, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Palm Beach Gardens is $414,300.
The Median Rent in Palm Beach Gardens is $1,875.
The Median Income in Palm Beach Gardens is $99,734.
The Home Value To Income in Palm Beach Gardens is 4.2x.
The Rent To Monthly Income in Palm Beach Gardens is 0.23x.
| Statistic | Palm Beach Gardens | Florida | United States |
|---|---|---|---|
| Median Home Value | $414,300 | $248,700 | $244,900 |
| Median Rent | $1,875 | $1,301 | $1,163 |
| Median Income | $99,734 | $61,777 | $69,021 |
| Home Value To Income | 4.2x | 4.0x | 3.5x |
| Rent To Monthly Income | 0.23x | 0.25x | 0.2x |
Median Home Value
Median Rent
Median Income
Palm Beach Gardens, FL Costs By Category
Detailed Palm Beach Gardens Services Costs Vs. Florida
| Item | Palm Beach Gardens | Florida |
|---|---|---|
| Shampoo | $1.07 | $1.06 |
| Movie | $11.82 | $10.68 |
| Bowling | $20.88 | $14.67 |
| Haircut | $14.47 | $18.62 |
| Beauty Salon | $65.03 | $39.05 |
Detailed Palm Beach Gardens Groceries Costs Vs. Florida
| Item | Palm Beach Gardens | Florida |
|---|---|---|
| Ground Beef | $4.66 | $4.22 |
| Fried Chicken | $1.62 | $1.39 |
| Milk | $2.96 | $2.05 |
| Potatoes | $4.99 | $3.29 |
| Pizza | $8.99 | $10.62 |
| Beer | $10.84 | $9.38 |
| Toothpaste | $2.04 | $2.34 |
Detailed Palm Beach Gardens Health Costs Vs. Florida
| Item | Palm Beach Gardens | Florida |
|---|---|---|
| Optometrist | $135.56 | $108.57 |
| Doctor | $102.25 | $116.17 |
| Dentist | $106.04 | $99.13 |
Detailed Palm Beach Gardens Transportation Costs Vs. Florida
| Item | Palm Beach Gardens | Florida |
|---|---|---|
| Gasoline | $2.24 | $2.22 |
| Tire Balancing | $63.76 | $50.07 |
Detailed Palm Beach Gardens Utilities Costs Vs. Florida
| Item | Palm Beach Gardens | Florida |
|---|---|---|
| All Electricity | $162.2 | $167.67 |
| Phone | $188.17 | $175.64 |
Palm Beach Gardens SnackAbility
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Cost Of Living In Cities Around Palm Beach Gardens
The cost of living varies in the cities and towns around Palm Beach Gardens. Here's a quick look at the cost of living in the most populous nearby places:
West Palm Beach, FL has a cost of living index of 107, 0.9x Palm Beach Gardens.
Wellington, FL has a cost of living index of 125, 1.0x Palm Beach Gardens.
Jupiter, FL has a cost of living index of 123, 1.0x Palm Beach Gardens.
| City | Population | Cost Of Living | Vs. Palm Beach Gardens |
|---|---|---|---|
| West Palm Beach, FL | 115,877 | 107 | 0.9x |
| Wellington, FL | 61,445 | 125 | 1.0x |
| Jupiter, FL | 60,629 | 123 | 1.0x |
| Greenacres, FL | 43,482 | 98 | 0.8x |
| The Acreage, FL | 40,771 | 115 | 0.9x |
| Royal Palm Beach, FL | 38,697 | 112 | 0.9x |
| Riviera Beach, FL | 37,301 | 97 | 0.8x |
| Palm Springs, FL | 26,611 | 96 | 0.8x |
| Jupiter Farms, FL | 13,437 | 126 | 1.0x |
| North Palm Beach, FL | 13,096 | 116 | 1.0x |
