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.
|Living Expense||Palmetto Bay||Florida||National Average|
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.
|City||Population||Cost Of Living||Vs. Palmetto Bay|
|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|