Royal Palm Estates, FL is a popular suburban community located in the south of Florida, close to Miami. It has become an increasingly desirable city for people looking to relocate from bigger cities. The cost of living is higher than the US average with 2 bedroom rent at $2,100 per month compared to the US average of $1,430. Grocery prices are also higher due to its index number being 105 versus 100 in the US.
The local job market has something for everyone with businesses such as Royal Palm Station LLC offering jobs ranging from retail management to customer service representatives and other positions. Additionally, companies like AutoNation hold automotive retail positions such as salesperson and service professionals. The health care sector is growing rapidly in Royal Palm Estates with Eon Health providing clinical staff and home health aides for its patients. There are also many small businesses that contribute to the economy such as restaurants, boutiques, salons and more; all providing countless employment opportunities for local residents.
Royal Palm Estates has an unemployment rate of 4.7%. The US average is 6.0%.
Royal Palm Estates has seen the job market decrease by -6.6% 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 Royal Palm Estates
- The Sales Tax Rate for Royal Palm Estates is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Royal Palm Estates 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 Estates
- The average income of a Royal Palm Estates resident is $19,273 a year. The US average is $37,638 a year.
- The Median household income of a Royal Palm Estates resident is $51,667 a year. The US average is $69,021 a year.