West Palm Beach, FL Cost Of Living
Cost Of Living In West Palm Beach, FL Summary
Cost of living in West 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 West 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 West Palm Beach is 113, with 100 being the average.
The cost of living index in West Palm Beach is 1.1x higher than the national average.
West Palm Beach ranks as the #309 cheapest in Florida out of 459.
West Palm Beach ranks as the #3,948 cheapest out of 6,489 in the US.
The median home value in West Palm Beach is $391,080.
The median income in West Palm Beach is $69,261.
Table Of Contents
West Palm Beach's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in West Palm Beach, FL?
According to the most recent data on the cost of living, West Palm Beach has an overall cost of living index of 113, which is 1.1x higher than the national index of 100.
Compared to Florida, West Palm Beach has a cost of living index that's 1.2x higher than Florida's index of 97.
The standard of living in West Palm Beach ranks as #309 most affordable out of the 459 places we measured in Florida. By definition, that implies West Palm Beach ranks as the #150 most expensive place in the Sunshine State.
For more reading on life in West Palm Beach, check out:
In Florida
In America
West Palm Beach Cost Of Living Vs. Florida
Six factors go into calculating the cost of living index in West Palm Beach. Here is how it fairs on each of the criteria:
The Services index in West Palm Beach is 106.
The Groceries index in West Palm Beach is 103.
The Health index in West Palm Beach is 95.
The Housing index in West Palm Beach is 141.
The Transportation index in West Palm Beach is 102.
The Utilities index in West Palm Beach is 104.
| Living Expense | West Palm Beach | Florida | National Average | |
|---|---|---|---|---|
| Overall | 113 | 97 | 100 | |
| Services | 106 | 96 | 100 | |
| Groceries | 103 | 99 | 100 | |
| Health | 95 | 98 | 100 | |
| Housing | 141 | 96 | 100 | |
| Transportation | 102 | 97 | 100 | |
| Utilities | 104 | 95 | 100 | |
West 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 West Palm Beach is $391,080.
The Median Rent in West Palm Beach is $1,709.
The Median Income in West Palm Beach is $69,261.
The Home Value To Income in West Palm Beach is 5.6x.
The Rent To Monthly Income in West Palm Beach is 0.3x.
| Statistic | West Palm Beach | Florida | United States |
|---|---|---|---|
| Median Home Value | $391,080 | $377,066 | $303,400 |
| Median Rent | $1,709 | $1,564 | $1,348 |
| Median Income | $69,261 | $71,711 | $78,538 |
| Home Value To Income | 5.6x | 5.3x | 3.9x |
| Rent To Monthly Income | 0.3x | 0.26x | 0.21x |
Median Home Value
Median Rent
Median Income
West Palm Beach, FL Costs By Category
Detailed West Palm Beach Services Costs Vs. Florida
| Item | West 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 West Palm Beach Groceries Costs Vs. Florida
| Item | West 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 West Palm Beach Health Costs Vs. Florida
| Item | West Palm Beach | Florida |
|---|---|---|
| Optometrist | $113.16 | $125.68 |
| Doctor | $114.67 | $135.78 |
| Dentist | $106.72 | $113.29 |
Detailed West Palm Beach Transportation Costs Vs. Florida
| Item | West Palm Beach | Florida |
|---|---|---|
| Gasoline | $3.43 | $3.46 |
| Tire Balancing | $63.46 | $59.92 |
Detailed West Palm Beach Utilities Costs Vs. Florida
| Item | West Palm Beach | Florida |
|---|---|---|
| All Electricity | $200.94 | $193.99 |
| Phone | $194.37 | $192.25 |
West Palm Beach SnackAbility
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Cost Of Living In Cities Around West Palm Beach
The cost of living varies in the cities and towns around West Palm Beach. Here's a quick look at the cost of living in the most populous nearby places:
Boynton Beach, FL has a cost of living index of 111, 1.0x West Palm Beach.
Wellington, FL has a cost of living index of 137, 1.2x West Palm Beach.
Jupiter, FL has a cost of living index of 130, 1.2x West Palm Beach.
| City | Population | Cost Of Living | Vs. West Palm Beach |
|---|---|---|---|
| Boynton Beach, FL | 80,601 | 111 | 1.0x |
| Wellington, FL | 61,497 | 137 | 1.2x |
| Jupiter, FL | 61,097 | 130 | 1.2x |
| Palm Beach Gardens, FL | 59,751 | 132 | 1.2x |
| Greenacres, FL | 43,871 | 104 | 0.9x |
| The Acreage, FL | 40,188 | 128 | 1.1x |
| Royal Palm Beach, FL | 39,089 | 121 | 1.1x |
| Riviera Beach, FL | 38,032 | 106 | 0.9x |
| Jupiter Farms, FL | 13,394 | 127 | 1.1x |
| North Palm Beach, FL | 13,089 | 128 | 1.1x |
