Cost of Living in Palm Harbor, FL

Population 61,454 · Florida · Data vintage 2023

123
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Palm Harbor lands reasonably close to national benchmarks on most cost indicators, with a median home value of $360,000 — 18% above the US figure. That makes it a useful reference point for comparing with more extreme markets in Florida. An unemployment rate of 2.7% points to a labor market well on the tight side of the national distribution.

Palm Harbor sits roughly 7 miles north of Clearwater — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 10% higher than Clearwater's $326,000.

Cost Overview

Housing 118
Rent 132

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

About the Cost of Living in Palm Harbor

The median home value in Palm Harbor is $359,600 — 18% above the national median of $305,000. Median rent runs $1,733/month, 32% higher than the national median of $1,314/month. The median household income of $75,354/year is 1% higher than the US median of $74,580. The local unemployment rate is 2.7%, below the national average of 4.8%. Florida charges no state income tax, a meaningful advantage for take-home pay. Overall, Palm Harbor has a cost of living index of 123 versus the US average of 100, meaning it is 23% more expensive.

🏠 Housing

Median Home Value
$359,600
18% above avg
Zillow Home Value
$396,634
Zillow ZHVI
Median Rent
$1,733/mo
32% above avg
Zillow Rent
$1,867/mo
Zillow ZORI
Price-to-Rent Ratio
17.3x
Favors buying
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 77.0%
Renter-occupied 23.0%

💰 Estimated Monthly Budget

Rent median rent
$1,733
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,347/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
29.5 min
9% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
19.7%

Commute Mode

Drove alone
71.3%
Carpooled
6.0%
Public transit
0.2%
Walked
0.5%
Bicycle
0.6%
Work from home
19.7%

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
$75,354
1% above avg
Per Capita Income
$47,871
Unemployment Rate
2.7%
43% below avg
Poverty Rate
10.3%
Labor Force Participation
58.5%

🎓 Education

Bachelor's degree+ 26.2%
Graduate degree 12.9%

👥 Demographics

Median Age 50.5
Male median age 47.3
Female median age 53.7

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 47 — Good
59.5%
Good air days/yr
113
Max AQI recorded
237
PM2.5 days
125
Ozone days

Frequently Asked Questions

What is the cost of living in Palm Harbor, FL?

Palm Harbor has a cost index of 123 (100 = national average). It is 23% above the national average.

What is average rent in Palm Harbor, FL?

The median gross rent in Palm Harbor is $1,733 per month based on 2023 Census data.

What is the average home price in Palm Harbor?

The median home value in Palm Harbor is $359,600 according to Zillow and Census data.

What is the median income in Palm Harbor?

The median household income in Palm Harbor is $75,354 per year (2023 ACS 5-year estimates).

What is the sales tax in Palm Harbor, FL?

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

Is Palm Harbor, FL affordable?

Palm Harbor is above average in cost of living, with an index of 123 — about 23% higher than the national average.

Palm Harbor at a Glance

Population
61,454
Median Income
$75,354
Home Value
$359,600
Median Rent
$1,733/mo
Unemployment
2.7%
Sales Tax
7.0%
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🗺️ County data for Florida

Explore county-level cost of living data

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