Palatka, FL Cost Of Living
Cost Of Living In Palatka, FL Summary
Cost of living in Palatka 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 Palatka 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 Palatka is 83, with 100 being the average.
The cost of living index in Palatka is 0.8x lower than the national average.
Palatka ranks as the #11 cheapest in Florida out of 459.
Palatka ranks as the #491 cheapest out of 6,412 in the US.
The median home value in Palatka is $82,400.
The median income in Palatka is $28,082.
Table Of Contents
Palatka's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Palatka, FL?
According to the most recent data on the cost of living, Palatka has an overall cost of living index of 83, which is 0.8x lower than the national index of 100.
Compared to Florida, Palatka has a cost of living index that's 0.8x lower than Florida's index of 101.
The standard of living in Palatka ranks as #11 most affordable out of the 459 places we measured in Florida. By definition, that implies Palatka ranks as the #448 most expensive place in the Sunshine State.
For more reading on life in Palatka, check out:
- Living In Palatka
- Palatka Crime Report
- Search Homes For Sale In Palatka, FL
In Florida
In America
Palatka Cost Of Living Vs. Florida
Six factors go into calculating the cost of living index in Palatka. Here is how it fairs on each of the criteria:
The Services index in Palatka is 92.
The Groceries index in Palatka is 98.
The Health index in Palatka is 95.
The Housing index in Palatka is 47.
The Transportation index in Palatka is 93.
The Utilities index in Palatka is 118.
| Living Expense | Palatka | Florida | National Average | |
|---|---|---|---|---|
| Overall | 83 | 101 | 100 | |
| Services | 92 | 98 | 100 | |
| Groceries | 98 | 101 | 100 | |
| Health | 95 | 96 | 100 | |
| Housing | 47 | 108 | 100 | |
| Transportation | 93 | 98 | 100 | |
| Utilities | 118 | 100 | 100 | |
Palatka, 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 Palatka is $82,400.
The Median Rent in Palatka is $736.
The Median Income in Palatka is $28,082.
The Home Value To Income in Palatka is 2.9x.
The Rent To Monthly Income in Palatka is 0.31x.
| Statistic | Palatka | Florida | United States |
|---|---|---|---|
| Median Home Value | $82,400 | $248,700 | $244,900 |
| Median Rent | $736 | $1,301 | $1,163 |
| Median Income | $28,082 | $61,777 | $69,021 |
| Home Value To Income | 2.9x | 4.0x | 3.5x |
| Rent To Monthly Income | 0.31x | 0.25x | 0.2x |
Median Home Value
Median Rent
Median Income
Palatka, FL Costs By Category
Detailed Palatka Services Costs Vs. Florida
Detailed Palatka Groceries Costs Vs. Florida
Detailed Palatka Health Costs Vs. Florida
Detailed Palatka Transportation Costs Vs. Florida
Detailed Palatka Utilities Costs Vs. Florida
Palatka SnackAbility
/10
Cost Of Living In Cities Around Palatka
The cost of living varies in the cities and towns around Palatka. Here's a quick look at the cost of living in the most populous nearby places:
Gainesville, FL has a cost of living index of 99, 1.2x Palatka.
Ormond Beach, FL has a cost of living index of 97, 1.2x Palatka.
Fruit Cove, FL has a cost of living index of 115, 1.4x Palatka.
| City | Population | Cost Of Living | Vs. Palatka |
|---|---|---|---|
| Gainesville, FL | 138,741 | 99 | 1.2x |
| Ormond Beach, FL | 42,707 | 97 | 1.2x |
| Fruit Cove, FL | 34,469 | 115 | 1.4x |
| Lakeside, FL | 31,125 | 94 | 1.1x |
| Fleming Island, FL | 29,505 | 105 | 1.3x |
| Oakleaf Plantation, FL | 28,808 | 98 | 1.2x |
| Jacksonville Beach, FL | 23,492 | 109 | 1.3x |
| Palm Valley, FL | 20,115 | 122 | 1.5x |
| Bellair-Meadowbrook Terrace, FL | 14,289 | 86 | 1.0x |
| Middleburg, FL | 12,127 | 87 | 1.0x |
