Palmetto, FL Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Palmetto, FL Summary

Cost of living in Palmetto research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Palmetto is expensive. An index value below 100 means the city is a relatively cheap place to live.

On a city-by-city basis in Florida, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:

  • The cost of living index in Palmetto is 95, with 100 being the average.

  • The cost of living index in Palmetto is 0.9x lower than the national average.

  • Palmetto ranks as the #164 cheapest in Florida out of 459.

  • Palmetto ranks as the #2,449 cheapest out of 6,412 in the US.

  • The median home value in Palmetto is $172,500.

  • The median income in Palmetto is $50,762.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
95
Palmetto's Overall Cost Of Living
0.9x
Lower Than The National Average

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 95, which is 0.9x lower than the national index of 100.

Compared to Florida, Palmetto has a cost of living index that's 0.9x lower than Florida's index of 101.

The standard of living in Palmetto ranks as #164 most affordable out of the 459 places we measured in Florida. By definition, that implies Palmetto ranks as the #295 most expensive place in the Sunshine State.

For more reading on life in Palmetto, check out:

164 out of 459
In Florida
2,449 out of 6,412
In America

Palmetto Cost Of Living Vs. Florida

Six factors go into calculating the cost of living index in Palmetto. Here is how it fairs on each of the criteria:

  • The Services index in Palmetto is 101.

  • The Groceries index in Palmetto is 111.

  • The Health index in Palmetto is 100.

  • The Housing index in Palmetto is 72.

  • The Transportation index in Palmetto is 109.

  • The Utilities index in Palmetto is 90.

Living Expense Palmetto Florida National Average
Overall 95 101 100
Services 101 98 100
Groceries 111 101 100
Health 100 96 100
Housing 72 108 100
Transportation 109 98 100
Utilities 90 100 100
For more reading on cost of living around Florida, check out:
Palmetto Cost of Living Vs. FL

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 2017-2021. The key points are:

  • The Median Home Value in Palmetto is $172,500.

  • The Median Rent in Palmetto is $1,066.

  • The Median Income in Palmetto is $50,762.

  • The Home Value To Income in Palmetto is 3.4x.

  • The Rent To Monthly Income in Palmetto is 0.25x.

Statistic Palmetto Florida United States
Median Home Value $172,500 $248,700 $244,900
Median Rent $1,066 $1,301 $1,163
Median Income $50,762 $61,777 $69,021
Home Value To Income 3.4x 4.0x 3.5x
Rent To Monthly Income 0.25x 0.25x 0.2x
Search Homes For Sale In Palmetto, FL
$172,500
Median Home Value
$1,066
Median Rent
$50,762
Median Income

Palmetto, FL Costs By Category

Detailed Palmetto Services Costs Vs. Florida

Item Palmetto Florida
Shampoo $1.02 $1.06
Movie $8.1 $10.68
Bowling $20.08 $14.67
Haircut $23.81 $18.62
Beauty Salon $51.15 $39.05

Detailed Palmetto Groceries Costs Vs. Florida

Item Palmetto Florida
Ground Beef $3.85 $4.22
Fried Chicken $2.11 $1.39
Milk $2.49 $2.05
Potatoes $5.11 $3.29
Pizza $10.51 $10.62
Beer $9.67 $9.38
Toothpaste $2.87 $2.34

Detailed Palmetto Health Costs Vs. Florida

Item Palmetto Florida
Optometrist $115.19 $108.57
Doctor $114.5 $116.17
Dentist $102.32 $99.13

Detailed Palmetto Transportation Costs Vs. Florida

Item Palmetto Florida
Gasoline $2.1 $2.22
Tire Balancing $67.21 $50.07

Detailed Palmetto Utilities Costs Vs. Florida

Item Palmetto Florida
All Electricity $130.57 $167.67
Phone $188.41 $175.64

Palmetto SnackAbility

4
/10
Overall SnackAbility
Jobs
5/10
Housing
8
Affordability
5
Diversity
9
Safety
4
Amenities
8.5
Education
6
Commute
8

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 95, 1.0x Palmetto.

  • Bradenton, FL has a cost of living index of 95, 1.0x Palmetto.

  • Sarasota, FL has a cost of living index of 103, 1.1x Palmetto.

City Population Cost Of Living Vs. Palmetto
St. Petersburg, FL 258,245 95 1.0x
Bradenton, FL 54,918 95 1.0x
Sarasota, FL 53,786 103 1.1x
South Bradenton, FL 24,972 84 0.9x
Bayshore Gardens, FL 19,720 87 0.9x
Fruitville, FL 14,673 105 1.1x
Sarasota Springs, FL 12,366 101 1.1x
Gulfport, FL 11,830 96 1.0x
Memphis, FL 11,012 93 1.0x
West Samoset, FL 6,789 88 0.9x

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