What is the cost of living in Palmetto, FL?
According to the most recent data on the cost of living, Palmetto has an overall cost of living index of 100, which is 1.0x lower than the national index of 100.
Compared to Florida, Palmetto has a cost of living index that's 1.0x lower than Florida's index of 104.
The standard of living in Palmetto ranks as #90 most affordable out of the 462 places we measured in Florida. By definition, that implies Palmetto ranks as the #372 most expensive place in the Sunshine State.
For more reading on life in Palmetto, check out:
Palmetto Cost Of Living Vs. Florida
Six factors go into calculating the cost of living index in Palmetto. Here is how it fares on each of the criteria:
The Services index in Palmetto is 100.
The Groceries index in Palmetto is 103.
The Health index in Palmetto is 94.
The Housing index in Palmetto is 101.
The Transportation index in Palmetto is 112.
The Utilities index in Palmetto is 105.
| Living Expense | Palmetto | Florida | National Average |
|---|---|---|---|
| Overall | 100 | 104 | 100 |
| Services | 100 | 101 | 100 |
| Groceries | 103 | 105 | 100 |
| Health | 94 | 99 | 100 |
| Housing | 101 | 104 | 100 |
| Transportation | 112 | 109 | 100 |
| Utilities | 105 | 105 | 100 |
Palmetto Cost Of Living Compared To Florida Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Florida, check out:
Protect your home budget Compare home warranties in Palmetto Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Palmetto, FL Housing Cost Breakdown
Housing swings affordability the most between places in Florida, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2020-2024. The key points are:
The Median Home Value in Palmetto is $350,684.
The Median Rent in Palmetto is $1,366.
The Median Income in Palmetto is $62,621.
The Home Value To Income in Palmetto is 5.6x.
The Rent To Monthly Income in Palmetto is 0.26x.
Palmetto, FL Costs By Category
Detailed Palmetto Services costs vs. Florida
Detailed Palmetto Groceries costs vs. Florida
Detailed Palmetto Health costs vs. Florida
Detailed Palmetto Transportation costs vs. Florida
Palmetto SnackAbility
Cost Of Living In Cities Around Palmetto
The cost of living varies in the cities and towns around Palmetto. Here's a quick look at the cost of living in the most populous nearby places:
St. Petersburg, FL has a cost of living index of 114, 1.1x Palmetto.
Bradenton, FL has a cost of living index of 106, 1.1x Palmetto.
Sarasota, FL has a cost of living index of 120, 1.2x Palmetto.
| City | Population | Cost Of Living | Vs. Palmetto |
|---|---|---|---|
| St. Petersburg, FL | 262,732 | 114 | 1.1x |
| Bradenton, FL | 57,014 | 106 | 1.1x |
| Sarasota, FL | 56,970 | 120 | 1.2x |
| South Bradenton, FL | 25,990 | 93 | 0.9x |
| Bayshore Gardens, FL | 18,131 | 97 | 1.0x |
| Fruitville, FL | 15,172 | 121 | 1.2x |
| Sarasota Springs, FL | 12,611 | 114 | 1.1x |
| Gulfport, FL | 11,734 | 113 | 1.1x |
| Memphis, FL | 9,185 | 100 | 1.0x |
| West Samoset, FL | 7,429 | 95 | 0.9x |
