Cost of Living in Palmetto Estates, FL
Population 16,587 · Florida · Data vintage 2023
(100 = US avg)
A 40-minute average commute puts Palmetto Estates squarely in exurban territory — the kind of place where many households optimize for housing cost over proximity to work. Home values of $412,000 reflect that spatial discount.
Palmetto Estates sits roughly 14 miles southwest of Miami — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 13% lower than Miami's $475,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Palmetto Estates
The median home value in Palmetto Estates is $412,200 — 35% above the national median of $305,000. Median rent runs $2,015/month, 53% higher than the national median of $1,314/month. The median household income of $82,199/year is 10% higher than the US median of $74,580. The local unemployment rate is 4.3%, below the national average of 4.8%. Florida charges no state income tax, a meaningful advantage for take-home pay. Overall, Palmetto Estates has a cost of living index of 142 versus the US average of 100, meaning it is 42% 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 Palmetto Estates, FL?
Palmetto Estates has a cost index of 142 (100 = national average). It is 42% above the national average.
What is average rent in Palmetto Estates, FL?
The median gross rent in Palmetto Estates is $2,015 per month based on 2023 Census data.
What is the average home price in Palmetto Estates?
The median home value in Palmetto Estates is $412,200 according to 2023 Census ACS data.
What is the median income in Palmetto Estates?
The median household income in Palmetto Estates is $82,199 per year (2023 ACS 5-year estimates).
What is the sales tax in Palmetto Estates, FL?
The combined state and local sales tax rate in Palmetto Estates is 7.0%. Florida has no state income tax.
Is Palmetto Estates, FL affordable?
Palmetto Estates is above average in cost of living, with an index of 142 — about 42% higher than the national average.
Palmetto Estates at a Glance
- Population
- 16,587
- Median Income
- $82,199
- Home Value
- $412,200
- Median Rent
- $2,015/mo
- Unemployment
- 4.3%
- Sales Tax
- 7.0%
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Florida Rankings
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