Cost of Living in Palmetto, FL
Population 13,449 · Florida · Data vintage 2023
(100 = US avg)
Palmetto sits on the smaller end of the Florida city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible.
Palmetto sits roughly 15 miles south of St. Petersburg — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 23% lower than St. Petersburg's $332,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Palmetto
The median home value in Palmetto is $256,700 — 16% below the national median of $305,000. Median rent runs $1,286/month, 2% lower than the national median of $1,314/month. The median household income of $61,538/year is 17% lower 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. The climate averages highs of 83.3°F and lows of 64.8°F. Overall, Palmetto has a cost of living index of 90 versus the US average of 100, meaning it is 10% less 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
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 73 | 75 | 78 | 83 | 88 | 90 | 91 | 92 | 90 | 86 | 80 | 75 |
| Low °F | 52 | 55 | 58 | 63 | 68 | 74 | 75 | 75 | 74 | 68 | 60 | 55 |
| Precip" | 2.79 | 1.92 | 2.85 | 2.46 | 2.58 | 7.05 | 7.39 | 9.11 | 6.00 | 2.76 | 1.81 | 2.33 |
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Palmetto, FL?
Palmetto has a cost index of 90 (100 = national average). It is 10% below the national average.
What is average rent in Palmetto, FL?
The median gross rent in Palmetto is $1,286 per month based on 2023 Census data.
What is the average home price in Palmetto?
The median home value in Palmetto is $256,700 according to Zillow and Census data.
What is the median income in Palmetto?
The median household income in Palmetto is $61,538 per year (2023 ACS 5-year estimates).
What is the sales tax in Palmetto, FL?
The combined state and local sales tax rate in Palmetto is 7.0%. Florida has no state income tax.
Is Palmetto, FL affordable?
Palmetto is near the national average in terms of cost of living, with an index of 90 (100 = US average).
What is the weather like in Palmetto?
Palmetto has average high temperatures of 83.3°F and average lows of 64.8°F. Annual precipitation is 49". Data from NOAA 1991–2020 Climate Normals.
Palmetto at a Glance
- Population
- 13,449
- Median Income
- $61,538
- Home Value
- $256,700
- Median Rent
- $1,286/mo
- Unemployment
- 3.6%
- Avg High Temp
- 83.3°F
- Sales Tax
- 7.0%
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Explore county-level cost of living data
Florida Rankings
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