Cost of Living in Palm Beach Gardens, FL

Palm Beach County · 2026 Data · 5 nearby cities in county

COL Index
120
vs FL Avg
+15
Median Income
$84K

Cost of Living Breakdown

Overall Cost of Living
112vs 100 US avg
Below avg
Near avg
Above avg
High
Housing
US avg = 100120
Groceries
US avg = 100107
Healthcare
US avg = 100104
Transportation
US avg = 100111
Utilities
US avg = 100108

Housing & Income in Palm Beach Gardens

Median Home Price
$575,000
Estimated market price
Median Monthly Rent
$2,500
All unit types
Median Household Income
$84,000
Annual, pre-tax
Est. Monthly Payment
$2,826
20% down, 30yr fixed
Property Tax Rate
0.9%
~$5,175/yr
Price-to-Rent Ratio
19.2x
<15 favors buying

About Living in Palm Beach Gardens

Palm Beach Gardens is a well-planned upscale city with world-class golf, the Gardens Mall, and some of Palm Beach County's most desirable neighborhoods.

With a cost of living index of 120, Palm Beach Gardens is 20% above the US average and 15 points above the Florida average of 105. The median household income of $84,000 supports a home-price-to-income ratio of 6.8x — above the recommended 4–5x threshold.

FAQ

Common questions about cost of living in Palm Beach Gardens

What is the cost of living in Palm Beach Gardens, FL?

Palm Beach Gardens's overall cost of living index is 120 compared to the US average of 100. Housing (120) is the main driver, with groceries at 107, healthcare at 104, transportation at 111, and utilities at 108.

Is Palm Beach Gardens affordable to live in?

Palm Beach Gardens is an above-average cost market with a COL index of 120, driven largely by housing. However, it offers premium amenities, strong job markets, and no state income tax.

How does Palm Beach Gardens compare to the Florida average?

Palm Beach Gardens's COL index of 120 is 15 points above the Florida average of 105. Coastal amenities and employment opportunities drive the premium.