Palm Beach Shores, FL Economy


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Palm Beach Shores, FL is a beautiful coastal town located in Palm Beach County. It is known for its beautiful white sandy beaches and tranquil waters. The cost of living here is slightly higher than the US average, with an average 2 bedroom rent of $1,460 compared to the US average of $1,430 and a grocery cost index of 104 versus 100 in the US. There are many companies located in Palm Beach Shores such as Boat trip charters, Suncoast Sail Charters and Ruby's Magical Tours—all of which offer boat rentals and tours of the area. Furthermore, there are several restaurants located in Palm Beach Shores such as Brickyard Pizza & Grill and The Lobster Shack offering fresh seafood dishes. Finally there are various shops along Ocean Avenue selling beachwear and souvenirs making it a great place to vacation or live!

Palm Beach Shores has an unemployment rate of 4.7%. The US average is 6.0%.

Palm Beach Shores 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 Shores
- The Sales Tax Rate for Palm Beach Shores is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Palm Beach Shores 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 Shores
- The average income of a Palm Beach Shores resident is $44,856 a year. The US average is $28,555 a year.
- The Median household income of a Palm Beach Shores resident is $61,838 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyPalm Beach Shores, FloridaUnited States
  4.76
  -6.6%-6.2%
  39.6%33.5%
  7.0%6.2%
  0.0%4.6%
  $75,080$37,638
  $61,838$69,021
  $110,000$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  6.2%6.8%
  12.7%10.0%
  2.9%2.5%
  9.6%11.0%
  1.6%4.8%
  0.0%0.8%
  0.4%1.9%
  4.4%4.7%
  8.9%1.9%
  16.0%7.6%
  0.0%0.1%
  7.6%4.2%
  4.9%9.3%
  9.1%14.0%
  4.2%2.1%
  5.3%7.0%
  2.7%4.8%
  3.6%4.7%
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