North Palm Beach, FL Cost Of Living
Cost Of Living In North Palm Beach, FL Summary
Cost of living in North Palm Beach 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 North Palm Beach 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 North Palm Beach is 116, with 100 being the average.
The cost of living index in North Palm Beach is 1.2x higher than the national average.
North Palm Beach ranks as the #390 cheapest in Florida out of 459.
North Palm Beach ranks as the #4,558 cheapest out of 6,412 in the US.
The median home value in North Palm Beach is $366,400.
The median income in North Palm Beach is $81,135.
Table Of Contents
North Palm Beach's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in North Palm Beach, FL?
According to the most recent data on the cost of living, North Palm Beach has an overall cost of living index of 116, which is 1.2x higher than the national index of 100.
Compared to Florida, North Palm Beach has a cost of living index that's 1.1x higher than Florida's index of 101.
The standard of living in North Palm Beach ranks as #390 most affordable out of the 459 places we measured in Florida. By definition, that implies North Palm Beach ranks as the #69 most expensive place in the Sunshine State.
For more reading on life in North Palm Beach, check out:
- Living In North Palm Beach
- North Palm Beach Crime Report
- Search Homes For Sale In North Palm Beach, FL
In Florida
In America
North Palm Beach Cost Of Living Vs. Florida
Six factors go into calculating the cost of living index in North Palm Beach. Here is how it fairs on each of the criteria:
The Services index in North Palm Beach is 100.
The Groceries index in North Palm Beach is 118.
The Health index in North Palm Beach is 106.
The Housing index in North Palm Beach is 138.
The Transportation index in North Palm Beach is 108.
The Utilities index in North Palm Beach is 100.
| Living Expense | North Palm Beach | Florida | National Average | |
|---|---|---|---|---|
| Overall | 116 | 101 | 100 | |
| Services | 100 | 98 | 100 | |
| Groceries | 118 | 101 | 100 | |
| Health | 106 | 96 | 100 | |
| Housing | 138 | 108 | 100 | |
| Transportation | 108 | 98 | 100 | |
| Utilities | 100 | 100 | 100 | |
North Palm Beach, 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 North Palm Beach is $366,400.
The Median Rent in North Palm Beach is $1,594.
The Median Income in North Palm Beach is $81,135.
The Home Value To Income in North Palm Beach is 4.5x.
The Rent To Monthly Income in North Palm Beach is 0.24x.
| Statistic | North Palm Beach | Florida | United States |
|---|---|---|---|
| Median Home Value | $366,400 | $248,700 | $244,900 |
| Median Rent | $1,594 | $1,301 | $1,163 |
| Median Income | $81,135 | $61,777 | $69,021 |
| Home Value To Income | 4.5x | 4.0x | 3.5x |
| Rent To Monthly Income | 0.24x | 0.25x | 0.2x |
Median Home Value
Median Rent
Median Income
North Palm Beach, FL Costs By Category
Detailed North Palm Beach Services Costs Vs. Florida
| Item | North Palm Beach | 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 North Palm Beach Groceries Costs Vs. Florida
| Item | North Palm Beach | 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 North Palm Beach Health Costs Vs. Florida
| Item | North Palm Beach | Florida |
|---|---|---|
| Optometrist | $135.56 | $108.57 |
| Doctor | $102.25 | $116.17 |
| Dentist | $106.04 | $99.13 |
Detailed North Palm Beach Transportation Costs Vs. Florida
| Item | North Palm Beach | Florida |
|---|---|---|
| Gasoline | $2.24 | $2.22 |
| Tire Balancing | $63.76 | $50.07 |
Detailed North Palm Beach Utilities Costs Vs. Florida
| Item | North Palm Beach | Florida |
|---|---|---|
| All Electricity | $162.2 | $167.67 |
| Phone | $188.17 | $175.64 |
North Palm Beach SnackAbility
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Cost Of Living In Cities Around North Palm Beach
The cost of living varies in the cities and towns around North Palm Beach. 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 North Palm Beach.
Wellington, FL has a cost of living index of 125, 1.1x North Palm Beach.
Jupiter, FL has a cost of living index of 123, 1.1x North Palm Beach.
| City | Population | Cost Of Living | Vs. North Palm Beach |
|---|---|---|---|
| West Palm Beach, FL | 115,877 | 107 | 0.9x |
| Wellington, FL | 61,445 | 125 | 1.1x |
| Jupiter, FL | 60,629 | 123 | 1.1x |
| Palm Beach Gardens, FL | 58,482 | 122 | 1.1x |
| Greenacres, FL | 43,482 | 98 | 0.8x |
| The Acreage, FL | 40,771 | 115 | 1.0x |
| Royal Palm Beach, FL | 38,697 | 112 | 1.0x |
| Riviera Beach, FL | 37,301 | 97 | 0.8x |
| Palm Springs, FL | 26,611 | 96 | 0.8x |
| Jupiter Farms, FL | 13,437 | 126 | 1.1x |
