West Palm Beach, FL (33405) is a rapidly growing city located in South Florida. It is home to many businesses and attractions including the Norton Museum of Art, Rapids Water Park, Lion Country Safari, and Kravis Center for Performing Arts. The average two bedroom rent in West Palm Beach is $1,620 per month which is slightly higher than the US average of $1,430. West Palm Beach also has a higher Grocery Cost Index score of 106 compared to the US with 100. Some local companies that have offices in the area are Ultimate Software Group Inc., Modernizing Medicine Inc., and NextEra Energy Inc. In addition to these large employers there are numerous smaller local businesses that contribute to the economy such as restaurants, boutiques and other retail stores. Visitors can explore these establishments to get a taste of the unique flavor of West Palm Beach.
West Palm Beach (zip 33405) has an unemployment rate of 5.0%. The US average is 6.0%.
West Palm Beach (zip 33405) 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 39.4%, which is higher than the US average of 33.5%.
Tax Rates for West Palm Beach (zip 33405)
- The Sales Tax Rate for West Palm Beach (zip 33405) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for West Palm Beach (zip 33405) 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 West Palm Beach (zip 33405)
- The average income of a West Palm Beach (zip 33405) resident is $27,091 a year. The US average is $28,555 a year.
- The Median household income of a West Palm Beach (zip 33405) resident is $68,079 a year. The US average is $69,021 a year.