Palmetto Estates, FL Cost Of Living
Cost Of Living In Palmetto Estates, FL Summary
Cost of living in Palmetto Estates 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 Estates 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 Estates is 120, with 100 being the average.
The cost of living index in Palmetto Estates is 1.2x higher than the national average.
Palmetto Estates ranks as the #358 cheapest in Florida out of 459.
Palmetto Estates ranks as the #4,411 cheapest out of 6,489 in the US.
The median home value in Palmetto Estates is $478,235.
The median income in Palmetto Estates is $82,199.
Table Of Contents
Palmetto Estates's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Palmetto Estates, FL?
According to the most recent data on the cost of living, Palmetto Estates has an overall cost of living index of 120, which is 1.2x higher than the national index of 100.
Compared to Florida, Palmetto Estates has a cost of living index that's 1.2x higher than Florida's index of 97.
The standard of living in Palmetto Estates ranks as #358 most affordable out of the 459 places we measured in Florida. By definition, that implies Palmetto Estates ranks as the #101 most expensive place in the Sunshine State.
For more reading on life in Palmetto Estates, check out:
In Florida
In America
Palmetto Estates Cost Of Living Vs. Florida
Six factors go into calculating the cost of living index in Palmetto Estates. Here is how it fairs on each of the criteria:
The Services index in Palmetto Estates is 107.
The Groceries index in Palmetto Estates is 105.
The Health index in Palmetto Estates is 96.
The Housing index in Palmetto Estates is 150.
The Transportation index in Palmetto Estates is 105.
The Utilities index in Palmetto Estates is 104.
| Living Expense | Palmetto Estates | Florida | National Average | |
|---|---|---|---|---|
| Overall | 120 | 97 | 100 | |
| Services | 107 | 96 | 100 | |
| Groceries | 105 | 99 | 100 | |
| Health | 96 | 98 | 100 | |
| Housing | 150 | 96 | 100 | |
| Transportation | 105 | 97 | 100 | |
| Utilities | 104 | 95 | 100 | |
Palmetto Estates, 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 2019-2023. The key points are:
The Median Home Value in Palmetto Estates is $478,235.
The Median Rent in Palmetto Estates is $2,015.
The Median Income in Palmetto Estates is $82,199.
The Home Value To Income in Palmetto Estates is 5.8x.
The Rent To Monthly Income in Palmetto Estates is 0.29x.
| Statistic | Palmetto Estates | Florida | United States |
|---|---|---|---|
| Median Home Value | $478,235 | $377,066 | $303,400 |
| Median Rent | $2,015 | $1,564 | $1,348 |
| Median Income | $82,199 | $71,711 | $78,538 |
| Home Value To Income | 5.8x | 5.3x | 3.9x |
| Rent To Monthly Income | 0.29x | 0.26x | 0.21x |
Median Home Value
Median Rent
Median Income
Palmetto Estates, FL Costs By Category
Detailed Palmetto Estates Services Costs Vs. Florida
| Item | Palmetto Estates | Florida |
|---|---|---|
| Shampoo | $1.53 | $1.28 |
| Movie | $14.35 | $12.13 |
| Bowling | $23.67 | $18 |
| Haircut | $20.53 | $24.26 |
| Beauty Salon | $88.07 | $45.56 |
Detailed Palmetto Estates Groceries Costs Vs. Florida
| Item | Palmetto Estates | Florida |
|---|---|---|
| Ground Beef | $6.11 | $5.84 |
| Fried Chicken | $1.4 | $1.57 |
| Milk | $4.6 | $4.67 |
| Potatoes | $5.24 | $4.93 |
| Pizza | $14.13 | $12.09 |
| Beer | $11.44 | $10.41 |
| Toothpaste | $3.51 | $3.7 |
Detailed Palmetto Estates Health Costs Vs. Florida
| Item | Palmetto Estates | Florida |
|---|---|---|
| Optometrist | $98.49 | $125.68 |
| Doctor | $127.08 | $135.78 |
| Dentist | $107.83 | $113.29 |
Detailed Palmetto Estates Transportation Costs Vs. Florida
| Item | Palmetto Estates | Florida |
|---|---|---|
| Gasoline | $3.49 | $3.46 |
| Tire Balancing | $64.09 | $59.92 |
Detailed Palmetto Estates Utilities Costs Vs. Florida
| Item | Palmetto Estates | Florida |
|---|---|---|
| All Electricity | $200.94 | $193.99 |
| Phone | $194.37 | $192.25 |
Palmetto Estates SnackAbility
/10
Cost Of Living In Cities Around Palmetto Estates
The cost of living varies in the cities and towns around Palmetto Estates. Here's a quick look at the cost of living in the most populous nearby places:
Kendall, FL has a cost of living index of 134, 1.1x Palmetto Estates.
Kendale Lakes, FL has a cost of living index of 118, 1.0x Palmetto Estates.
Tamiami, FL has a cost of living index of 124, 1.0x Palmetto Estates.
| City | Population | Cost Of Living | Vs. Palmetto Estates |
|---|---|---|---|
| Kendall, FL | 78,527 | 134 | 1.1x |
| Kendale Lakes, FL | 52,141 | 118 | 1.0x |
| Tamiami, FL | 51,201 | 124 | 1.0x |
| Coral Gables, FL | 49,243 | 188 | 1.6x |
| Cutler Bay, FL | 44,483 | 124 | 1.0x |
| South Miami Heights, FL | 37,525 | 112 | 0.9x |
| Richmond West, FL | 35,988 | 132 | 1.1x |
| Palmetto Bay, FL | 24,247 | 151 | 1.3x |
| Coral Terrace, FL | 24,051 | 128 | 1.1x |
| The Crossings, FL | 22,359 | 125 | 1.0x |
