Housing costs in Palmetto Bay?
A typical home costs
$542,700, which is 60.5% more expensive than the national average of
$338,100 and 49.8% more expensive than the average Florida home, at
$362,400. Renting a two-bedroom unit in Palmetto Bay costs
$1,760 per month, which is 12.8% more than the national average of
$1,560 and 7.4% cheaper than the state average of
$1,890.
Can I afford Palmetto Bay?
To live comfortably in Palmetto Bay (zip 33157), Florida, a minimum annual income of
$104,040 for a family, and
$56,400 for a single person is recommended.
What does A.I. say about Palmetto Bay?
The cost of living in 33157 Palmetto Bay, FL is quite high. According to BestPlaces, the cost of living index in this zip code is 122.9, which is much higher than the national average of 100 and higher than most other zip codes in Florida. The median home price in 33157 Palmetto Bay is over $500,000, and rental costs are similarly high. Additionally, grocery prices and transportation costs are also expensive compared to other parts of the country. Residents should plan accordingly for these expenses when considering a move to this area.