Palmetto Bay, FL Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2022-04-08
141
Palmetto Bay's Overall Cost Of Living
1.4x
Higher Than The National Average
444 out of 459
In Florida
5,616 out of 6,412
In America
The cost of living index is set to 100 for the average place in America. An index above 100 means Palmetto Bay is expensive, while a number below 100 means it's a relatively cheap place to live.

What is the cost of living in Palmetto Bay, FL?

According to the most recent data on the cost of living, Palmetto Bay has an overall cost of living index of 141 which is 1.4x higher than the national index of 100.

Compared to only Florida, Palmetto Bay has a cost of living index that's 1.4x higher than Florida's index of 98.

The standard of living in Palmetto Bay ranks as #5,619 most affordable out of the 6,418 places we measured in Florida. By definition, that implies Palmetto Bay ranks as the #800 most expensive place in the Sunshine State.

For more reading on life in Palmetto Bay, check out:

Palmetto Bay Cost Of Living Vs. Florida

Living Expense Palmetto Bay Florida National Average
Overall 141 98 100
Services 100 99 100
Groceries 117 107 100
Health 104 98 100
Housing 217 96 100
Transportation 106 102 100
Utilities 101 106 100
For more reading on cost of living around Florida, check out:
Palmetto Bay Cost of Living Vs. FL

Palmetto Bay, FL Housing Cost Breakdown

Housing swings affordability the most between places in Florida, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.

Home and income come data comes from the most recent US Census ACS 2014-2018.

$585,600
Median Home Value
$1,455
Median Rent
$123,235
Median Income
Statistic Palmetto Bay Florida United States
Median Home Value $585,600 $232,000 $229,800
Median Rent $1,455 $1,218 $1,096
Median Income $123,235 $57,703 $64,994
Home Value To Income 4.8x 4.0x 3.5x
Rent To Monthly Income 0.14x 0.25x 0.2x

Detailed Palmetto Bay Services Costs Vs. Florida

Item Palmetto Bay Florida
Shampoo $1.11 $1.06
Movie $13.23 $10.68
Bowling $22.13 $14.67

Detailed Palmetto Bay Groceries Costs Vs. Florida

Item Palmetto Bay Florida
Ground Beef $4.27 $4.22
Fried Chicken $1.73 $1.39
Milk $3.16 $2.05

Detailed Palmetto Bay Health Costs Vs. Florida

Item Palmetto Bay Florida
Haircut $14.37 $18.62
Beauty Salon $70.0 $39.05
Toothpaste $1.87 $2.34

Detailed Palmetto Bay Transportation Costs Vs. Florida

Item Palmetto Bay Florida
Potatoes $3.86 $3.29
Pizza $9.1 $10.62
Beer $10.98 $9.38
Optometrist $105.63 $108.57
Doctor $111.06 $116.17
Dentist $107.78 $99.13

Detailed Palmetto Bay Utilities Costs Vs. Florida

Item Palmetto Bay Florida
Gasoline $2.24 $2.22
Tire Balancing $60.69 $50.07
All Electricity $162.18 $167.67
Phone $188.17 $175.64

Palmetto Bay SnackAbility

9
/10
Overall SnackAbility
Jobs
8/10
Housing
9
Affordability
8
Diversity
9
Safety
7
Amenities
9
Education
9
Commute
3

Cost Of Living In Cities Around Palmetto Bay

City Population Cost Of Living Vs. Palmetto Bay
Kendall, FL 77,228 123 0.9x
Tamiami, FL 55,757 116 0.8x
Kendale Lakes, FL 55,732 108 0.8x
Coral Gables, FL 49,937 164 1.2x
Cutler Bay, FL 43,928 113 0.8x
Richmond West, FL 37,123 117 0.8x
South Miami Heights, FL 35,683 102 0.7x
Coral Terrace, FL 25,529 117 0.8x
The Crossings, FL 23,102 116 0.8x
Pinecrest, FL 19,183 180 1.3x

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