Palm City, FL is a vibrant city that boasts great shopping, dining and entertainment opportunities. With many local businesses such as the Palm City Mall, Coconut Bowls Boutique, and the Island View Rock Climbing Gym, there is something for everyone to enjoy. Furthermore, with a 2 bedroom rent of $1930 compared to $1430 in the US, living in Palm City is still an affordable option. Additionally, while the grocery cost index is 109 compared to 100 in the US, residents can still find quality food at reasonable prices. Simply put, Palm City has it all!
Palm City has an unemployment rate of 4.1%. The US average is 6.0%.
Palm City has seen the job market increase by 2.1% over the last year. Future job growth over the next ten years is predicted to be 40.3%, which is higher than the US average of 33.5%.
Tax Rates for Palm City
- The Sales Tax Rate for Palm City is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Palm City 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 City
- The average income of a Palm City resident is $40,825 a year. The US average is $28,555 a year.
- The Median household income of a Palm City resident is $101,589 a year. The US average is $69,021 a year.