Housing costs in Palmetto?
A typical home costs
$385,200, which is 13.9% more expensive than the national average of
$338,100 and 6.3% more expensive than the average Florida home, at
$362,400. Renting a two-bedroom unit in Palmetto costs
$1,510 per month, which is 5.6% more than the national average of
$1,430 and 3.3% cheaper than the state average of
$1,560.
Can I afford Palmetto?
To live comfortably in Palmetto, Florida, a minimum annual income of
$73,800 for a family, and
$48,400 for a single person is recommended.
What does A.I. say about Palmetto?
Palmetto, FL is a great place to live if you're looking for an affordable city. The cost of living in Palmetto is 7 percent lower than the Florida average and 12 percent lower than the national average, making it an attractive option for those on a budget. Housing costs are particularly low with the median home value in Palmetto being $155,100, which is 11 percent lower than the state's median home value. Utility costs tend to be very reasonable as well. Although food costs and transportation fare may be slightly higher than other cities, overall living expenses still remain reasonably priced compared to other cities nationwide.