Housing costs in North Palm Beach?
A typical home costs
$562,100, which is 66.3% more expensive than the national average of
$338,100 and 55.1% more expensive than the average Florida home, at
$362,400. Renting a two-bedroom unit in North 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 North Palm Beach?
To live comfortably in North Palm Beach, Florida, a minimum annual income of
$107,640 for a family, and
$61,200 for a single person is recommended.
What does A.I. say about North Palm Beach?
The cost of living in North Palm Beach, FL is relatively high compared to the rest of the country. The median home price is $485,000, and the median household income is $76,428. The overall cost of living index is at a staggering 149.7 – significantly higher than the national average of 100. Housing costs take up a large portion of residents' budgets with an average rent for a one-bedroom apartment costing around $1,400 per month. Groceries and healthcare are also expensive in the area due to their proximity to luxury amenities and services like yacht clubs and golf courses. Residents can find cheaper prices on goods outside of town but still need to pay more than usual for their everyday needs.