Housing costs in Palm Beach?
A typical home costs
$447,100, which is 32.2% more expensive than the national average of
$338,100 and 23.4% more expensive than the average Florida home, at
$362,400. Renting a two-bedroom unit in Palm Beach costs
$1,880 per month, which is 31.5% more than the national average of
$1,430 and 17.0% more than the state average of
$1,560.
Can I afford Palm Beach?
To live comfortably in Palm Beach Flor County, Florida, a minimum annual income of
$85,680 for a family, and
$61,600 for a single person is recommended.
What does A.I. say about Palm Beach?
The cost of living in Palm Beach, FL County is much higher than the national average. According to the data, the median house value in the county is $447,100 compared to the US average of $338,100. Furthermore, the cost of living index for Palm Beach County is 114.1 compared to the US average of 100. This illustrates that it is a relatively expensive place to live when compared to other parts of the country. Therefore, those considering moving to Palm Beach should consider how this increase in cost of living would affect their budget and lifestyle.