Palm Beach Gardens, FL Economy


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Palm Beach Gardens, FL is a great place to live and offers many amenities and activities. The city has an average two bedroom rent of $2,390 which is higher than the national average of $1,430. Grocery cost index is also higher at 109 compared to the US average of 100.
The city has plenty to offer such as great restaurants, like The Cooper Restaurant & Bar at the luxurious PGA National Resort & Spa. Other attractions include shopping centers like Downtown at the Gardens and The Gardens Mall, Legacy Place, and numerous golf courses including the world-renowned PGA National Golf Course. Local companies such as FPL Group Inc., AV Homes, Inc., and Quantum Corporation are based in this beautiful city offering plentiful job opportunities for those seeking employment.

Palm Beach Gardens has an unemployment rate of 3.8%. The US average is 6.0%.

Palm Beach Gardens has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 40.7%, which is higher than the US average of 33.5%.

Tax Rates for Palm Beach Gardens
- The Sales Tax Rate for Palm Beach Gardens is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Palm Beach Gardens is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Palm Beach Gardens
- The average income of a Palm Beach Gardens resident is $50,600 a year. The US average is $28,555 a year.
- The Median household income of a Palm Beach Gardens resident is $99,734 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyPalm Beach Gardens, FloridaUnited States
  3.86
  -6.6%-6.2%
  40.7%33.5%
  7.0%6.2%
  0.0%4.6%
  $72,927$37,638
  $99,734$69,021
  $134,385$85,028
  Population by Occupation
  0.2%1.2%
  0.1%0.5%
  5.9%6.8%
  6.6%10.0%
  3.8%2.5%
  9.8%11.0%
  2.0%4.8%
  2.4%0.8%
  1.2%1.9%
  6.7%4.7%
  3.8%1.9%
  14.2%7.6%
  0.2%0.1%
  2.7%4.2%
  6.1%9.3%
  13.0%14.0%
  5.0%2.1%
  6.7%7.0%
  6.9%4.8%
  2.7%4.7%
Reviews for Palm Beach Gardens
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Over 12 years ago

I have found the cost of living here is above the national average. Lots of nice restaurants, good shopping, pretty beaches but it's getting more & more populated with  More

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Over 15 years ago

All of Palm Beach Gardens is an extremely safe environment. The police force is great and aggressive about its presence in all neighborhoods. We feel very safe, even  More

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The cost of living in Palm Beach Gardends has become financially unsustainable for our family. The homeowners taxes are ridiculously high and the homeowners insurance  More

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