Palm City, FL Cost Of Living
Cost Of Living In Palm City, FL Summary
Cost of living in Palm City 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 City 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 City is 116, with 100 being the average.
The cost of living index in Palm City is 1.2x higher than the national average.
Palm City ranks as the #390 cheapest in Florida out of 459.
Palm City ranks as the #4,558 cheapest out of 6,412 in the US.
The median home value in Palm City is $417,000.
The median income in Palm City is $101,589.
Table Of Contents
Palm City's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Palm City, FL?
According to the most recent data on the cost of living, Palm City has an overall cost of living index of 116, which is 1.2x higher than the national index of 100.
Compared to Florida, Palm City has a cost of living index that's 1.1x higher than Florida's index of 101.
The standard of living in Palm City ranks as #390 most affordable out of the 459 places we measured in Florida. By definition, that implies Palm City ranks as the #69 most expensive place in the Sunshine State.
For more reading on life in Palm City, check out:
- Living In Palm City
- Search Homes For Sale In Palm City, FL
In Florida
In America
Palm City Cost Of Living Vs. Florida
Six factors go into calculating the cost of living index in Palm City. Here is how it fairs on each of the criteria:
The Services index in Palm City is 102.
The Groceries index in Palm City is 103.
The Health index in Palm City is 111.
The Housing index in Palm City is 148.
The Transportation index in Palm City is 102.
The Utilities index in Palm City is 113.
| Living Expense | Palm City | Florida | National Average | |
|---|---|---|---|---|
| Overall | 116 | 101 | 100 | |
| Services | 102 | 98 | 100 | |
| Groceries | 103 | 101 | 100 | |
| Health | 111 | 96 | 100 | |
| Housing | 148 | 108 | 100 | |
| Transportation | 102 | 98 | 100 | |
| Utilities | 113 | 100 | 100 | |
Palm City, 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 City is $417,000.
The Median Rent in Palm City is $1,728.
The Median Income in Palm City is $101,589.
The Home Value To Income in Palm City is 4.1x.
The Rent To Monthly Income in Palm City is 0.2x.
| Statistic | Palm City | Florida | United States |
|---|---|---|---|
| Median Home Value | $417,000 | $248,700 | $244,900 |
| Median Rent | $1,728 | $1,301 | $1,163 |
| Median Income | $101,589 | $61,777 | $69,021 |
| Home Value To Income | 4.1x | 4.0x | 3.5x |
| Rent To Monthly Income | 0.2x | 0.25x | 0.2x |
Median Home Value
Median Rent
Median Income
Palm City, FL Costs By Category
Detailed Palm City Services Costs Vs. Florida
Detailed Palm City Groceries Costs Vs. Florida
Detailed Palm City Health Costs Vs. Florida
Detailed Palm City Transportation Costs Vs. Florida
Detailed Palm City Utilities Costs Vs. Florida
Palm City SnackAbility
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