Cost of Living in Palm Valley, FL
Population 19,775 · Florida · Data vintage 2023
(100 = US avg)
Palm Valley's housing market reflects its status as a high-earning metro: $646,000 for a typical home, 112% above the US median, paired with household incomes around $118,280 that put it in the upper third of the state. An unemployment rate of 2.0% points to a labor market well on the tight side of the national distribution.
Palm Valley sits roughly 20 miles southeast of Jacksonville — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 143% higher than Jacksonville's $266,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Palm Valley
The median home value in Palm Valley is $646,200 — 112% above the national median of $305,000. Median rent runs $1,804/month, 37% higher than the national median of $1,314/month. The median household income of $118,280/year is 59% higher than the US median of $74,580. The local unemployment rate is 2.0%, below the national average of 4.8%. Florida charges no state income tax, a meaningful advantage for take-home pay. Overall, Palm Valley has a cost of living index of 182 versus the US average of 100, meaning it is 82% 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
Frequently Asked Questions
What is the cost of living in Palm Valley, FL?
Palm Valley has a cost index of 182 (100 = national average). It is 82% above the national average.
What is average rent in Palm Valley, FL?
The median gross rent in Palm Valley is $1,804 per month based on 2023 Census data.
What is the average home price in Palm Valley?
The median home value in Palm Valley is $646,200 according to 2023 Census ACS data.
What is the median income in Palm Valley?
The median household income in Palm Valley is $118,280 per year (2023 ACS 5-year estimates).
What is the sales tax in Palm Valley, FL?
The combined state and local sales tax rate in Palm Valley is 7.0%. Florida has no state income tax.
Is Palm Valley, FL affordable?
Palm Valley is above average in cost of living, with an index of 182 — about 82% higher than the national average.
Palm Valley at a Glance
- Population
- 19,775
- Median Income
- $118,280
- Home Value
- $646,200
- Median Rent
- $1,804/mo
- Unemployment
- 2.0%
- Sales Tax
- 7.0%
Nearby Cities
Explore county-level cost of living data
Florida Rankings
Similar Cost Cities
Cities in other states with comparable housing costs