Palmetto, FL Cost Of Living
Cost Of Living In Palmetto, FL Summary
Cost of living in Palmetto 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 Palmetto 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 Palmetto is 95, with 100 being the average.
The cost of living index in Palmetto is 0.9x lower than the national average.
Palmetto ranks as the #164 cheapest in Florida out of 459.
Palmetto ranks as the #2,449 cheapest out of 6,412 in the US.
The median home value in Palmetto is $172,500.
The median income in Palmetto is $50,762.
Table Of Contents
Palmetto's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Palmetto, FL?
According to the most recent data on the cost of living, Palmetto has an overall cost of living index of 95, which is 0.9x lower than the national index of 100.
Compared to Florida, Palmetto has a cost of living index that's 0.9x lower than Florida's index of 101.
The standard of living in Palmetto ranks as #164 most affordable out of the 459 places we measured in Florida. By definition, that implies Palmetto ranks as the #295 most expensive place in the Sunshine State.
For more reading on life in Palmetto, check out:
- Living In Palmetto
- Palmetto Crime Report
- Search Homes For Sale In Palmetto, FL
In Florida
In America
Palmetto Cost Of Living Vs. Florida
Six factors go into calculating the cost of living index in Palmetto. Here is how it fairs on each of the criteria:
The Services index in Palmetto is 101.
The Groceries index in Palmetto is 111.
The Health index in Palmetto is 100.
The Housing index in Palmetto is 72.
The Transportation index in Palmetto is 109.
The Utilities index in Palmetto is 90.
| Living Expense | Palmetto | Florida | National Average | |
|---|---|---|---|---|
| Overall | 95 | 101 | 100 | |
| Services | 101 | 98 | 100 | |
| Groceries | 111 | 101 | 100 | |
| Health | 100 | 96 | 100 | |
| Housing | 72 | 108 | 100 | |
| Transportation | 109 | 98 | 100 | |
| Utilities | 90 | 100 | 100 | |
Palmetto, 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 Palmetto is $172,500.
The Median Rent in Palmetto is $1,066.
The Median Income in Palmetto is $50,762.
The Home Value To Income in Palmetto is 3.4x.
The Rent To Monthly Income in Palmetto is 0.25x.
| Statistic | Palmetto | Florida | United States |
|---|---|---|---|
| Median Home Value | $172,500 | $248,700 | $244,900 |
| Median Rent | $1,066 | $1,301 | $1,163 |
| Median Income | $50,762 | $61,777 | $69,021 |
| Home Value To Income | 3.4x | 4.0x | 3.5x |
| Rent To Monthly Income | 0.25x | 0.25x | 0.2x |
Median Home Value
Median Rent
Median Income
Palmetto, FL Costs By Category
Detailed Palmetto Services Costs Vs. Florida
Detailed Palmetto Groceries Costs Vs. Florida
Detailed Palmetto Health Costs Vs. Florida
Detailed Palmetto Transportation Costs Vs. Florida
Detailed Palmetto Utilities Costs Vs. Florida
Palmetto SnackAbility
/10
Cost Of Living In Cities Around Palmetto
The cost of living varies in the cities and towns around Palmetto. Here's a quick look at the cost of living in the most populous nearby places:
St. Petersburg, FL has a cost of living index of 95, 1.0x Palmetto.
Bradenton, FL has a cost of living index of 95, 1.0x Palmetto.
Sarasota, FL has a cost of living index of 103, 1.1x Palmetto.
| City | Population | Cost Of Living | Vs. Palmetto |
|---|---|---|---|
| St. Petersburg, FL | 258,245 | 95 | 1.0x |
| Bradenton, FL | 54,918 | 95 | 1.0x |
| Sarasota, FL | 53,786 | 103 | 1.1x |
| South Bradenton, FL | 24,972 | 84 | 0.9x |
| Bayshore Gardens, FL | 19,720 | 87 | 0.9x |
| Fruitville, FL | 14,673 | 105 | 1.1x |
| Sarasota Springs, FL | 12,366 | 101 | 1.1x |
| Gulfport, FL | 11,830 | 96 | 1.0x |
| Memphis, FL | 11,012 | 93 | 1.0x |
| West Samoset, FL | 6,789 | 88 | 0.9x |
