Palm Beach, FL is a bustling area with plenty of activities to enjoy and many businesses to visit. It is a desirable place to live due to its higher rental costs in comparison to the national average – a two bedroom apartment can cost up to $2,270. Additionally, grocery items are typically more expensive than the national average – with an index rate of 116 compared to 100 in the US. Local companies in Palm Beach, FL include The Breakers Hotel & Resort, Flagler Museum and Boca Raton Resort & Club. There are also plenty of attractions in Palm Beach such as Lion Country Safari, Morikami Japanese Gardens & Museum and John D. MacArthur Beach State Park.
Palm Beach has an unemployment rate of 4.7%. The US average is 6.0%.
Palm Beach 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
- The Sales Tax Rate for Palm Beach is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Palm Beach 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
- The average income of a Palm Beach resident is $129,941 a year. The US average is $28,555 a year.
- The Median household income of a Palm Beach resident is $168,787 a year. The US average is $69,021 a year.