States › Florida › Palatka

Is Palatka, FL expensive to live in?

ExpensiveRent takes 52 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,48315% lower than U.S. average
💵 Families earn per year (2026)$34,535about $2,878/month · 60% lower than U.S. average
🔑 House price$150,50055% lower than U.S. average

Rent is lower than in 59% of U.S. cities. A typical house costs about 4.4 years of household income.

How much money do I need?

To rent here comfortably, you should earn about $59,320 a year. That is $29 an hour at a full-time job.

Is rent cheaper than other Florida cities?

Yes. Rent here is cheaper than in most of Florida. It is number 94 of 479 cities from cheapest to most expensive.

Palatka
$1,483
Union Park
$1,550
Lighthouse Point
$1,954
Milton
$1,200
Alachua
$1,351
Westwood Lakes
$3,500+
Pine Ridge
$1,610

How much do households earn in Palatka?

Under $25k
29.6%
$25k–50k
25.8%
$50k–100k
20.7%
$100k–150k
6.5%
$150k+
2.3%

Share of households by yearly income. 8.7% of households earn $100,000 or more.

Rent by apartment size in Palatka

SizePalatkaU.S. average
Studio$625$1,338
1 bedroom$611$1,324
2 bedrooms$719$1,509
3 bedrooms$1,384$1,698
4 bedrooms$1,674$2,098

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Palatka overall?

Everyday prices in Florida overall are 3% above the U.S. average (index 103.4, U.S. = 100).

Housing
122
Goods (food, clothes…)
98
Utilities
90
Other services
101
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Palatka, so the Florida figure is shown.

Taxes and bills in Palatka

🏛️ Property tax$1,431a year · 0.95% of home value · U.S. $3,119
⚡ Electric bill$140a month (typical) · U.S. $156

Life in Palatka

Commute to work23.5 minU.S.: 26.4 min
College degree10.7%U.S.: 35.7%
Own their home50.8%U.S.: 65.2%
Below poverty line37.3%U.S.: 12.5%
Unemployment9.3%U.S.: 5.2%

Is it cheaper to rent or buy in Palatka?

Buying is cheaper month to month: about $439 a month less than renting.

Renting
$1,483
Owning
$1,044

Owning assumes a typical $150,500 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $15,050 for the down payment.

Frequently asked questions

What is the average rent in Palatka, FL?

Renting in Palatka costs a median of about $1,483 a month in 2026, including utilities. The Florida median is $1,963.

How much do I need to make to live in Palatka?

To keep rent under 30% of income, you need about $59,320 a year, or $29 an hour at a full-time job.

Is Palatka cheap or expensive?

Palatka is rated Expensive: rent takes 51.5% of the typical household income of $34,535. It ranks 94th cheapest of 479 Florida cities we track.

How much are property taxes in Palatka?

The median homeowner in Palatka pays $1,431 a year in property taxes, about 0.95% of the median home value.

Is Palatka more expensive than the national average?

Overall prices in Florida are 3% above the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Palatka?

The median home value in Palatka is $150,500, about 4.4 times the typical yearly household income.

10,650 people live in Palatka. Numbers are typical (middle) values.