Palm Beach, FL County is one of the most desirable cities to live in, boasting beautiful beaches and a tranquil atmosphere. The cost of living is relatively high compared to the national average, with 2 bedroom rent costing $1,880 compared to the US average of $1,430. The grocery cost index in Palm Beach is also higher at 107 versus 100 nationally. Despite being more expensive than other areas in the US, Palm Beach continues to be a popular destination for many people who are looking for a relaxing lifestyle and stunning scenery. There are many local companies that call Palm Beach home such as Jupiter Medical Center, Kenco Pool Services and Ocean Properties Management Group. All of these businesses provide excellent services within their respective industries that make Palm Beach an even better place to live or visit.
Palm Beach County has an unemployment rate of 4.7%. The US average is 6.0%.
Palm Beach County 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 39.6%, which is higher than the US average of 33.5%.
Tax Rates for Palm Beach County
- The Sales Tax Rate for Palm Beach County is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Palm Beach County 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 County
- The average income of a Palm Beach County resident is $33,072 a year. The US average is $28,555 a year.
- The Median household income of a Palm Beach County resident is $68,874 a year. The US average is $69,021 a year.