States › California › Palermo

Is Palermo, CA expensive to live in?

OKRent takes 26 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,20331% lower than U.S. average
💵 Families earn per year (2026)$54,559about $4,547/month · 37% lower than U.S. average
🔑 House price$283,00015% lower than U.S. average

Rent is lower than in 76% of U.S. cities. A typical house costs about 5.2 years of household income.

How much money do I need?

To rent here comfortably, you should earn about $48,120 a year. That is $23 an hour at a full-time job.

Is rent cheaper than other California cities?

Yes. Rent here is cheaper than in most of California. It is number 31 of 653 cities from cheapest to most expensive.

Palermo
$1,203
Yosemite Lakes
$2,022
St. Helena
$3,500+
Myrtletown
$1,877
Durham
$1,172
Kensington
$3,500+
Mojave
$1,683

How much do households earn in Palermo?

Under $25k
22.3%
$25k–50k
31.0%
$50k–100k
24.6%
$100k–150k
10.6%
$150k+
7.4%

Share of households by yearly income. 18.0% of households earn $100,000 or more.

Rent by apartment size in Palermo

SizePalermoU.S. average
1 bedroom$939$1,324
2 bedrooms$1,226$1,509
3 bedrooms$1,199$1,698

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

How expensive is Palermo overall?

Everyday prices in California overall are 11% above the U.S. average (index 110.7, U.S. = 100).

Housing
154
Goods (food, clothes…)
106
Utilities
159
Other services
103
U.S. average
100

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

Taxes and bills in Palermo

🏛️ Property tax$1,853a year · 0.65% of home value · U.S. $3,119
⚡ Electric bill$196a month (typical) · U.S. $156

Life in Palermo

Commute to work28.7 minU.S.: 26.4 min
College degree12.2%U.S.: 35.7%
Own their home68.7%U.S.: 65.2%
Below poverty line20.1%U.S.: 12.5%
Unemployment10.6%U.S.: 5.2%

Is it cheaper to rent or buy in Palermo?

Renting is cheaper right now: about $761 a month less.

Renting
$1,203
Owning
$1,964

Owning assumes a typical $283,000 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $28,300 for the down payment.

Frequently asked questions

What is the average rent in Palermo, CA?

Renting in Palermo costs a median of about $1,203 a month in 2026, including utilities. The California median is $2,357.

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

To keep rent under 30% of income, you need about $48,120 a year, or $23 an hour at a full-time job.

Is Palermo cheap or expensive?

Palermo is rated OK: rent takes 26.5% of the typical household income of $54,559. It ranks 31st cheapest of 653 California cities we track.

How much are property taxes in Palermo?

The median homeowner in Palermo pays $1,853 a year in property taxes, about 0.65% of the median home value.

Is Palermo more expensive than the national average?

Overall prices in California are 11% above the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Palermo?

The median home value in Palermo is $283,000, about 5.2 times the typical yearly household income.

5,266 people live in Palermo. Numbers are typical (middle) values.