Cost of Living in West Palm Beach, FL

Population 119,508 · Florida · Data vintage 2023

125
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

The West Palm Beach cost-of-living profile is closer to the US median than most headline-grabbing metros — typical homes around $370,000, rents near $1,709 a month.

Cost Overview

Housing 121
Rent 130

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

About the Cost of Living in West Palm Beach

The median home value in West Palm Beach is $369,800 — 21% above the national median of $305,000. Median rent runs $1,709/month, 30% higher than the national median of $1,314/month. The median household income of $69,261/year is 7% lower than the US median of $74,580. The local unemployment rate is 5.4%, above the national average of 4.8%. Florida charges no state income tax, a meaningful advantage for take-home pay. The climate averages highs of 83.0°F and lows of 68.6°F. Overall, West Palm Beach has a cost of living index of 125 versus the US average of 100, meaning it is 25% more expensive.

🏠 Housing

Median Home Value
$369,800
21% above avg
Zillow Home Value
$396,194
Zillow ZHVI
Median Rent
$1,709/mo
30% above avg
Zillow Rent
$2,256/mo
Zillow ZORI
Price-to-Rent Ratio
18.0x
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 50.2%
Renter-occupied 49.8%

💰 Estimated Monthly Budget

Rent median rent
$1,709
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,323/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
25.2 min
7% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
12.1%

Commute Mode

Drove alone
70.8%
Carpooled
9.6%
Public transit
2.4%
Walked
1.9%
Bicycle
0.6%
Work from home
12.1%

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
$69,261
7% below avg
Per Capita Income
$44,508
Unemployment Rate
5.4%
13% above avg
Poverty Rate
14.8%
Labor Force Participation
64.1%

🎓 Education

Bachelor's degree+ 23.4%
Graduate degree 14.2%

👥 Demographics

Median Age 40.2
Male median age 38.3
Female median age 42.4

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
83.0°F
Avg Low
68.6°F
Annual Precip
61.8"
50° 60° 70° 80° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 757779828688909088858077
Low °F 586063687275767776736662
Precip" 3.472.633.313.684.918.485.638.687.965.903.623.48

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 43 — Good
71.2%
Good air days/yr
122
Max AQI recorded
242
PM2.5 days
123
Ozone days

🏫 Schools

NCES CCD 2019 — public school district data

90%
4-Year Graduation Rate
16.4:1
Student-teacher ratio
237
Public schools
194,675
Total enrollment

Frequently Asked Questions

What is the cost of living in West Palm Beach, FL?

West Palm Beach has a cost index of 125 (100 = national average). It is 25% above the national average.

What is average rent in West Palm Beach, FL?

The median gross rent in West Palm Beach is $1,709 per month based on 2023 Census data.

What is the average home price in West Palm Beach?

The median home value in West Palm Beach is $369,800 according to Zillow and Census data.

What is the median income in West Palm Beach?

The median household income in West Palm Beach is $69,261 per year (2023 ACS 5-year estimates).

What is the sales tax in West Palm Beach, FL?

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

Is West Palm Beach, FL affordable?

West Palm Beach is above average in cost of living, with an index of 125 — about 25% higher than the national average.

What is the weather like in West Palm Beach?

West Palm Beach has average high temperatures of 83.0°F and average lows of 68.6°F. Annual precipitation is 61.8". Data from NOAA 1991–2020 Climate Normals.

West Palm Beach at a Glance

Population
119,508
Median Income
$69,261
Home Value
$369,800
Median Rent
$1,709/mo
Unemployment
5.4%
Avg High Temp
83.0°F
Sales Tax
7.0%
View all cities in Florida →
🗺️ County data for Florida

Explore county-level cost of living data

Similar Cost Cities

Cities in other states with comparable housing costs