Cost of Living in Palm Beach Gardens, FL

Population 59,751 · Florida · Data vintage 2023

178
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Home prices in Palm Beach Gardens run well above the national baseline, with a median of $554,000, though local incomes keep the cost-to-earnings ratio tighter than in coastal metros with comparable sticker prices. Median household earnings of $110,563 place the city among the better-paid Florida metros.

Palm Beach Gardens sits roughly 8 miles north of West Palm Beach — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 50% higher than West Palm Beach's $370,000.

Cost Overview

Housing 182
Rent 173

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Palm Beach Gardens

The median home value in Palm Beach Gardens is $554,300 — 82% above the national median of $305,000. Median rent runs $2,269/month, 73% higher than the national median of $1,314/month. The median household income of $110,563/year is 48% higher than the US median of $74,580. The local unemployment rate is 3.6%, below the national average of 4.8%. Florida charges no state income tax, a meaningful advantage for take-home pay. Overall, Palm Beach Gardens has a cost of living index of 178 versus the US average of 100, meaning it is 78% more expensive.

🏠 Housing

Median Home Value
$554,300
82% above avg
Zillow Home Value
$671,039
Zillow ZHVI
Median Rent
$2,269/mo
73% above avg
Zillow Rent
$2,881/mo
Zillow ZORI
Price-to-Rent Ratio
20.4x
Favors renting
Property Tax Rate
0.9%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$1,085
1 BR
$1,181
2 BR
$1,427
3 BR
$1,797
4 BR
$2,099
Owner-occupied 73.4%
Renter-occupied 26.6%

💰 Estimated Monthly Budget

Rent median rent
$2,269
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,883/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
24.8 min
8% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
18.9%

Commute Mode

Drove alone
69.9%
Carpooled
7.8%
Public transit
0.3%
Walked
1.2%
Bicycle
0.6%
Work from home
18.9%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax (flat) None
Total Sales Tax 7.0%
State rate 6.0%
Avg local rate 1.1%
Property Tax 0.9%

💼 Income & Employment

Median Household Income
$110,563
48% above avg
Per Capita Income
$82,983
Unemployment Rate
3.6%
24% below avg
Poverty Rate
6.0%
Labor Force Participation
57.6%

🎓 Education

Bachelor's degree+ 32.0%
Graduate degree 24.7%

👥 Demographics

Median Age 50.1
Male median age 48.6
Female median age 51.9

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 43 — Good
71.2%
Good air days/yr
122
Max AQI recorded
242
PM2.5 days
123
Ozone days

Frequently Asked Questions

What is the cost of living in Palm Beach Gardens, FL?

Palm Beach Gardens has a cost index of 178 (100 = national average). It is 78% above the national average.

What is average rent in Palm Beach Gardens, FL?

The median gross rent in Palm Beach Gardens is $2,269 per month based on 2023 Census data.

What is the average home price in Palm Beach Gardens?

The median home value in Palm Beach Gardens is $554,300 according to Zillow and Census data.

What is the median income in Palm Beach Gardens?

The median household income in Palm Beach Gardens is $110,563 per year (2023 ACS 5-year estimates).

What is the sales tax in Palm Beach Gardens, FL?

The combined state and local sales tax rate in Palm Beach Gardens is 7.0%. Florida has no state income tax.

Is Palm Beach Gardens, FL affordable?

Palm Beach Gardens is above average in cost of living, with an index of 178 — about 78% higher than the national average.

Palm Beach Gardens at a Glance

Population
59,751
Median Income
$110,563
Home Value
$554,300
Median Rent
$2,269/mo
Unemployment
3.6%
Sales Tax
7.0%
View all cities in Florida →
🗺️ County data for Florida

Explore county-level cost of living data

Similar Cost Cities

Cities in other states with comparable housing costs