Palm Valley, FL Cost Of Living
Cost Of Living In Palm Valley, FL Summary
Cost of living in Palm Valley 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 Valley 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 Valley is 122, with 100 being the average.
The cost of living index in Palm Valley is 1.2x higher than the national average.
Palm Valley ranks as the #412 cheapest in Florida out of 459.
Palm Valley ranks as the #4,905 cheapest out of 6,412 in the US.
The median home value in Palm Valley is $507,800.
The median income in Palm Valley is $109,529.
Table Of Contents
Palm Valley's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Palm Valley, FL?
According to the most recent data on the cost of living, Palm Valley has an overall cost of living index of 122, which is 1.2x higher than the national index of 100.
Compared to Florida, Palm Valley has a cost of living index that's 1.2x higher than Florida's index of 101.
The standard of living in Palm Valley ranks as #412 most affordable out of the 459 places we measured in Florida. By definition, that implies Palm Valley ranks as the #47 most expensive place in the Sunshine State.
For more reading on life in Palm Valley, check out:
- Living In Palm Valley
- Search Homes For Sale In Palm Valley, FL
In Florida
In America
Palm Valley Cost Of Living Vs. Florida
Six factors go into calculating the cost of living index in Palm Valley. Here is how it fairs on each of the criteria:
The Services index in Palm Valley is 95.
The Groceries index in Palm Valley is 100.
The Health index in Palm Valley is 87.
The Housing index in Palm Valley is 194.
The Transportation index in Palm Valley is 87.
The Utilities index in Palm Valley is 96.
| Living Expense | Palm Valley | Florida | National Average | |
|---|---|---|---|---|
| Overall | 122 | 101 | 100 | |
| Services | 95 | 98 | 100 | |
| Groceries | 100 | 101 | 100 | |
| Health | 87 | 96 | 100 | |
| Housing | 194 | 108 | 100 | |
| Transportation | 87 | 98 | 100 | |
| Utilities | 96 | 100 | 100 | |
Palm Valley, 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 Valley is $507,800.
The Median Rent in Palm Valley is $1,532.
The Median Income in Palm Valley is $109,529.
The Home Value To Income in Palm Valley is 4.6x.
The Rent To Monthly Income in Palm Valley is 0.17x.
| Statistic | Palm Valley | Florida | United States |
|---|---|---|---|
| Median Home Value | $507,800 | $248,700 | $244,900 |
| Median Rent | $1,532 | $1,301 | $1,163 |
| Median Income | $109,529 | $61,777 | $69,021 |
| Home Value To Income | 4.6x | 4.0x | 3.5x |
| Rent To Monthly Income | 0.17x | 0.25x | 0.2x |
Median Home Value
Median Rent
Median Income
Palm Valley, FL Costs By Category
Detailed Palm Valley Services Costs Vs. Florida
| Item | Palm Valley | Florida |
|---|---|---|
| Shampoo | $0.98 | $1.06 |
| Movie | $11.98 | $10.68 |
| Bowling | $13.83 | $14.67 |
| Haircut | $16.13 | $18.62 |
| Beauty Salon | $56.67 | $39.05 |
Detailed Palm Valley Groceries Costs Vs. Florida
| Item | Palm Valley | Florida |
|---|---|---|
| Ground Beef | $4.56 | $4.22 |
| Fried Chicken | $1.49 | $1.39 |
| Milk | $2.21 | $2.05 |
| Potatoes | $4.15 | $3.29 |
| Pizza | $9.39 | $10.62 |
| Beer | $9.99 | $9.38 |
| Toothpaste | $2.24 | $2.34 |
Detailed Palm Valley Health Costs Vs. Florida
| Item | Palm Valley | Florida |
|---|---|---|
| Optometrist | $70.67 | $108.57 |
| Doctor | $77.42 | $116.17 |
| Dentist | $94.87 | $99.13 |
Detailed Palm Valley Transportation Costs Vs. Florida
| Item | Palm Valley | Florida |
|---|---|---|
| Gasoline | $2.2 | $2.22 |
| Tire Balancing | $29.15 | $50.07 |
Detailed Palm Valley Utilities Costs Vs. Florida
| Item | Palm Valley | Florida |
|---|---|---|
| All Electricity | $158.65 | $167.67 |
| Phone | $188.32 | $175.64 |
Palm Valley SnackAbility
/10
Cost Of Living In Cities Around Palm Valley
The cost of living varies in the cities and towns around Palm Valley. Here's a quick look at the cost of living in the most populous nearby places:
Jacksonville, FL has a cost of living index of 92, 0.8x Palm Valley.
Fruit Cove, FL has a cost of living index of 115, 0.9x Palm Valley.
Lakeside, FL has a cost of living index of 94, 0.8x Palm Valley.
| City | Population | Cost Of Living | Vs. Palm Valley |
|---|---|---|---|
| Jacksonville, FL | 937,690 | 92 | 0.8x |
| Fruit Cove, FL | 34,469 | 115 | 0.9x |
| Lakeside, FL | 31,125 | 94 | 0.8x |
| Fleming Island, FL | 29,505 | 105 | 0.9x |
| Oakleaf Plantation, FL | 28,808 | 98 | 0.8x |
| Jacksonville Beach, FL | 23,492 | 109 | 0.9x |
| Nocatee, FL | 19,601 | 122 | 1.0x |
| St. Marys, GA | 18,200 | 96 | 0.8x |
| Bellair-Meadowbrook Terrace, FL | 14,289 | 86 | 0.7x |
| Yulee, FL | 14,217 | 96 | 0.8x |
