Cost of Living in Royal Palm Beach, FL
Population 39,089 · Florida · Data vintage 2023
(100 = US avg)
The Royal Palm Beach cost-of-living profile is closer to the US median than most headline-grabbing metros — typical homes around $389,000, rents near $2,192 a month.
Royal Palm Beach sits roughly 7 miles southwest of West Palm Beach — close enough that regional housing and labor patterns are shaped largely by the larger market. Housing prices track closely with West Palm Beach's $370,000 median.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Royal Palm Beach
The median home value in Royal Palm Beach is $389,300 — 28% above the national median of $305,000. Median rent runs $2,192/month, 67% higher than the national median of $1,314/month. The median household income of $92,382/year is 24% higher than the US median of $74,580. The local unemployment rate is 4.2%, below the national average of 4.8%. Florida charges no state income tax, a meaningful advantage for take-home pay. Overall, Royal Palm Beach has a cost of living index of 143 versus the US average of 100, meaning it is 43% 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 Royal Palm Beach, FL?
Royal Palm Beach has a cost index of 143 (100 = national average). It is 43% above the national average.
What is average rent in Royal Palm Beach, FL?
The median gross rent in Royal Palm Beach is $2,192 per month based on 2023 Census data.
What is the average home price in Royal Palm Beach?
The median home value in Royal Palm Beach is $389,300 according to Zillow and Census data.
What is the median income in Royal Palm Beach?
The median household income in Royal Palm Beach is $92,382 per year (2023 ACS 5-year estimates).
What is the sales tax in Royal Palm Beach, FL?
The combined state and local sales tax rate in Royal Palm Beach is 7.0%. Florida has no state income tax.
Is Royal Palm Beach, FL affordable?
Royal Palm Beach is above average in cost of living, with an index of 143 — about 43% higher than the national average.
Royal Palm Beach at a Glance
- Population
- 39,089
- Median Income
- $92,382
- Home Value
- $389,300
- Median Rent
- $2,192/mo
- Unemployment
- 4.2%
- Sales Tax
- 7.0%
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