Palm City, FL is a city located in Martin County and has a population of 34,990. The average 2 bedroom rent for this area is $2,010 which is significantly higher than the national average of $1,430. Grocery Cost Index in Palm City is 109 compared to 100 in the US. A few large companies located in Palm City are L3 Technologies, Seacoast Bank and The Home Depot. This city offers a high standard of living with its varied businesses and close proximity to local beaches.
Palm City (zip 34990) has an unemployment rate of 4.1%. The US average is 6.0%.
Palm City (zip 34990) has seen the job market decrease by -4.4% 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 (zip 34990)
- The Sales Tax Rate for Palm City (zip 34990) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Palm City (zip 34990) 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 (zip 34990)
- The average income of a Palm City (zip 34990) resident is $62,765 a year. The US average is $37,638 a year.
- The Median household income of a Palm City (zip 34990) resident is $105,527 a year. The US average is $69,021 a year.