Housing costs in West Palm Beach?
A typical home costs
$315,000, which is 6.8% less expensive than the national average of
$338,100 and 13.1% less expensive than the average Florida home, at
$362,400. Renting a two-bedroom unit in West Palm Beach costs
$1,680 per month, which is 7.7% more than the national average of
$1,560 and 12.5% cheaper than the state average of
$1,890.
Can I afford West Palm Beach?
To live comfortably in West Palm Beach (zip 33407), Florida, a minimum annual income of
$60,480 for a family, and
$54,800 for a single person is recommended.
What does A.I. say about West Palm Beach?
The cost of living in 33407 West Palm Beach, FL is quite high compared to most other areas of the country. According to the Cost of Living Index, this area has an index score of 113.6 which is higher than the US national average of 100. The housing costs are particularly high with an index score of 140.2 and a median home price of $425,000. Renters should expect to pay an average rent for a one bedroom apartment of just over $1,200 per month. Other factors that may have an influence on the cost of living include transportation costs, groceries, utilities, and health care expenses.