Quick facts: West palm beach, FL

Quick Facts

115.2
Cost of Living
above US average
120,932
Population
39.07
Crime Rate per 1000
above US average
$64,044
Median Income
below US average
$599,000
Median House Price
above US average
$3892.49
Average Rent
above US average
15%
Poverty Rate
above US average
3.5%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $64,044.

🏠

Income Needed to Buy

βœ— Stretch
$188k/year
Based on $599,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $188k vs median $64,044
🏒

Income Needed to Rent

⚠ Stretch
$167k/year
Based on $3892.49/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $167k vs median $64,044
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for West palm beach, FL

West Palm Beach is a vibrant city located in Palm Beach County, Florida. Known for its beautiful beaches, upscale shopping, and rich cultural scene, it serves as one of the main cities in the Miami metropolitan area. The city boasts a warm, tropical climate, making it a year-round destination for tourists and residents alike. The downtown area features a lively waterfront, with the scenic Clematis Street offering a variety of shops, restaurants, and nightlife options. The historic district showcases stunning architectural styles, with many buildings dating back to the early 20th century. West Palm Beach is also home to numerous cultural institutions, including the Kravis Center for the Performing Arts, the Norton Museum of Art, and the Palm Beach County Convention Center, which hosts various events and conventions. Outdoor enthusiasts can enjoy activities at the nearby beaches, parks, and the Florida Everglades. With its blend of natural beauty, cultural richness, and vibrant urban life, West Palm Beach is a unique destination that appeals to visitors and residents alike.

πŸ” Search & Compare Places

First Location πŸ“