Cost of Living in Palm City, FL
Population 25,699 · Florida · Data vintage 2023
(100 = US avg)
Palm City lands reasonably close to national benchmarks on most cost indicators, with a median home value of $532,000 — 74% above the US figure. That makes it a useful reference point for comparing with more extreme markets in Florida.
Located 10 miles southeast of Port St. Lucie, Palm City falls within that metro's commuting orbit. Median home values run roughly 62% higher than Port St. Lucie's $328,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Palm City
The median home value in Palm City is $532,100 — 74% above the national median of $305,000. Median rent runs $1,965/month, 50% higher than the national median of $1,314/month. The median household income of $117,689/year is 58% higher than the US median of $74,580. The local unemployment rate is 5.9%, above the national average of 4.8%. Florida charges no state income tax, a meaningful advantage for take-home pay. Overall, Palm City has a cost of living index of 164 versus the US average of 100, meaning it is 64% more expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Palm City, FL?
Palm City has a cost index of 164 (100 = national average). It is 64% above the national average.
What is average rent in Palm City, FL?
The median gross rent in Palm City is $1,965 per month based on 2023 Census data.
What is the average home price in Palm City?
The median home value in Palm City is $532,100 according to Zillow and Census data.
What is the median income in Palm City?
The median household income in Palm City is $117,689 per year (2023 ACS 5-year estimates).
What is the sales tax in Palm City, FL?
The combined state and local sales tax rate in Palm City is 7.0%. Florida has no state income tax.
Is Palm City, FL affordable?
Palm City is above average in cost of living, with an index of 164 — about 64% higher than the national average.
Palm City at a Glance
- Population
- 25,699
- Median Income
- $117,689
- Home Value
- $532,100
- Median Rent
- $1,965/mo
- Unemployment
- 5.9%
- Sales Tax
- 7.0%
Nearby Cities
Explore county-level cost of living data
Florida Rankings
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