Cost of Living in Palm beach, FL
Housing
The housing market plays a significant role in determining the cost of living in Palm beach, FL.
- Housing Index: 140.2 / 100
- Median Home Price is: $460,000
- Average Rent (2 BR Apartment): $7916 per month
- Average Rent (2 BR House): $8604 per month
In Palm beach, FL, housing costs are elevated with a housing index of 140.2, indicating a significant market. The median home price stands at 460000, reinforcing the competitive nature of homeownership in the area. Renters face high prices as well, with an average rent of 7916 for a 2-bedroom apartment and 8604 for a 2-bedroom house. Additionally, consider the area’s amenities and job market, as they play crucial roles in long-term value and comfort, essential for making an informed moving decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Palm beach, FL.
- Electricity Price: $13.89 USD (median by state)
- Natural Gas Price: $26.13 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Palm beach, FL could entail higher utility costs. Electricity costs sit at $13.89, while natural gas is priced at $26.13 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Palm beach is a financially viable option for your relocation.