Royal Palm Beach, FL Cost Of Living
Cost Of Living In Royal Palm Beach, FL Summary
Cost of living in Royal Palm Beach 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 Royal Palm Beach 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 Royal Palm Beach is 121, with 100 being the average.
The cost of living index in Royal Palm Beach is 1.2x higher than the national average.
Royal Palm Beach ranks as the #363 cheapest in Florida out of 459.
Royal Palm Beach ranks as the #4,476 cheapest out of 6,489 in the US.
The median home value in Royal Palm Beach is $476,431.
The median income in Royal Palm Beach is $92,382.
Table Of Contents
Royal Palm Beach's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Royal Palm Beach, FL?
According to the most recent data on the cost of living, Royal Palm Beach has an overall cost of living index of 121, which is 1.2x higher than the national index of 100.
Compared to Florida, Royal Palm Beach has a cost of living index that's 1.2x higher than Florida's index of 97.
The standard of living in Royal Palm Beach ranks as #363 most affordable out of the 459 places we measured in Florida. By definition, that implies Royal Palm Beach ranks as the #96 most expensive place in the Sunshine State.
For more reading on life in Royal Palm Beach, check out:
In Florida
In America
Royal Palm Beach Cost Of Living Vs. Florida
Six factors go into calculating the cost of living index in Royal Palm Beach. Here is how it fairs on each of the criteria:
The Services index in Royal Palm Beach is 104.
The Groceries index in Royal Palm Beach is 104.
The Health index in Royal Palm Beach is 94.
The Housing index in Royal Palm Beach is 161.
The Transportation index in Royal Palm Beach is 102.
The Utilities index in Royal Palm Beach is 104.
| Living Expense | Royal Palm Beach | Florida | National Average | |
|---|---|---|---|---|
| Overall | 121 | 97 | 100 | |
| Services | 104 | 96 | 100 | |
| Groceries | 104 | 99 | 100 | |
| Health | 94 | 98 | 100 | |
| Housing | 161 | 96 | 100 | |
| Transportation | 102 | 97 | 100 | |
| Utilities | 104 | 95 | 100 | |
Royal Palm Beach, 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 Royal Palm Beach is $476,431.
The Median Rent in Royal Palm Beach is $2,192.
The Median Income in Royal Palm Beach is $92,382.
The Home Value To Income in Royal Palm Beach is 5.2x.
The Rent To Monthly Income in Royal Palm Beach is 0.28x.
| Statistic | Royal Palm Beach | Florida | United States |
|---|---|---|---|
| Median Home Value | $476,431 | $377,066 | $303,400 |
| Median Rent | $2,192 | $1,564 | $1,348 |
| Median Income | $92,382 | $71,711 | $78,538 |
| Home Value To Income | 5.2x | 5.3x | 3.9x |
| Rent To Monthly Income | 0.28x | 0.26x | 0.21x |
Median Home Value
Median Rent
Median Income
Royal Palm Beach, FL Costs By Category
Detailed Royal Palm Beach Services Costs Vs. Florida
| Item | Royal Palm Beach | Florida |
|---|---|---|
| Shampoo | $1.49 | $1.28 |
| Movie | $13.42 | $12.13 |
| Bowling | $23.13 | $18 |
| Haircut | $22.18 | $24.26 |
| Beauty Salon | $73.78 | $45.56 |
Detailed Royal Palm Beach Groceries Costs Vs. Florida
| Item | Royal Palm Beach | Florida |
|---|---|---|
| Ground Beef | $5.79 | $5.84 |
| Fried Chicken | $1.4 | $1.57 |
| Milk | $4.58 | $4.67 |
| Potatoes | $5.27 | $4.93 |
| Pizza | $14.0 | $12.09 |
| Beer | $11.23 | $10.41 |
| Toothpaste | $3.5 | $3.7 |
Detailed Royal Palm Beach Health Costs Vs. Florida
| Item | Royal Palm Beach | Florida |
|---|---|---|
| Optometrist | $113.16 | $125.68 |
| Doctor | $114.67 | $135.78 |
| Dentist | $106.72 | $113.29 |
Detailed Royal Palm Beach Transportation Costs Vs. Florida
| Item | Royal Palm Beach | Florida |
|---|---|---|
| Gasoline | $3.43 | $3.46 |
| Tire Balancing | $63.46 | $59.92 |
Detailed Royal Palm Beach Utilities Costs Vs. Florida
| Item | Royal Palm Beach | Florida |
|---|---|---|
| All Electricity | $200.94 | $193.99 |
| Phone | $194.37 | $192.25 |
Royal Palm Beach SnackAbility
/10
Cost Of Living In Cities Around Royal Palm Beach
The cost of living varies in the cities and towns around Royal Palm Beach. Here's a quick look at the cost of living in the most populous nearby places:
West Palm Beach, FL has a cost of living index of 113, 0.9x Royal Palm Beach.
Boynton Beach, FL has a cost of living index of 111, 0.9x Royal Palm Beach.
Wellington, FL has a cost of living index of 137, 1.1x Royal Palm Beach.
| City | Population | Cost Of Living | Vs. Royal Palm Beach |
|---|---|---|---|
| West Palm Beach, FL | 119,508 | 113 | 0.9x |
| Boynton Beach, FL | 80,601 | 111 | 0.9x |
| Wellington, FL | 61,497 | 137 | 1.1x |
| Jupiter, FL | 61,097 | 130 | 1.1x |
| Palm Beach Gardens, FL | 59,751 | 132 | 1.1x |
| Greenacres, FL | 43,871 | 104 | 0.9x |
| The Acreage, FL | 40,188 | 128 | 1.1x |
| Palm Springs, FL | 26,871 | 103 | 0.9x |
| Jupiter Farms, FL | 13,394 | 127 | 1.0x |
| North Palm Beach, FL | 13,089 | 128 | 1.1x |
