Royal Palm Beach, FL is a great place to live. It has a low median rent of $1,870 for two bedroom apartments – much lower than the US average of $1,430. The cost of living in Royal Palm Beach is also quite affordable as the Grocery Cost Index is 107 versus 100 in the US. There are many great local companies in Royal Palm Beach such as Publix Super Markets, Palms West Hospital and Dutcher's Florist & Gifts. These companies offer quality goods and services that make life easier and more enjoyable for residents.
Royal Palm Beach has an unemployment rate of 3.9%. The US average is 6.0%.
Royal 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 39.1%, which is higher than the US average of 33.5%.
Tax Rates for Royal Palm Beach
- The Sales Tax Rate for Royal Palm Beach is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Royal 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 Royal Palm Beach
- The average income of a Royal Palm Beach resident is $26,299 a year. The US average is $28,555 a year.
- The Median household income of a Royal Palm Beach resident is $84,797 a year. The US average is $69,021 a year.