salaryRent is higher than in 84% of U.S. cities. Household incomes are higher than in 95% of U.S. cities. A typical house costs about 11.0 years of household income, so buying is hard for most locals. Most homes (83.7%) are owned, so rentals can be hard to find. It is a highly educated city: 70% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $97,280 a year. That is $47 an hour at a full-time job.
Is rent cheaper than other Florida cities?
No. Rent here is more expensive than in most of Florida. It is number 382 of 479 cities from cheapest to most expensive.
How much do households earn in Palm Beach?
Share of households by yearly income. 58.9% of households earn $100,000 or more.
Rent by apartment size in Palm Beach
| Size | Palm Beach | U.S. average |
|---|---|---|
| 1 bedroom | $2,136 | $1,324 |
| 2 bedrooms | $2,397 | $1,509 |
| 3 bedrooms | $3,500+ | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Palm Beach overall?
Everyday prices in Florida overall are 3% above the U.S. average (index 103.4, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Palm Beach, so the Florida figure is shown.
Taxes and bills in Palm Beach
Life in Palm Beach
Is it cheaper to rent or buy in Palm Beach?
Renting is cheaper right now: about $11,445 a month less.
Owning assumes a typical $2,000,000+ home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $200,000 for the down payment.
Frequently asked questions
What is the average rent in Palm Beach, FL?
Renting in Palm Beach costs a median of about $2,432 a month in 2026, including utilities. The Florida median is $1,963.
How much do I need to make to live in Palm Beach?
To keep rent under 30% of income, you need about $97,280 a year, or $47 an hour at a full-time job.
Is Palm Beach cheap or expensive?
Palm Beach is rated Cheap: rent takes 16.1% of the typical household income of $181,623. It ranks 382nd cheapest of 479 Florida cities we track.
How much are property taxes in Palm Beach?
The median homeowner in Palm Beach pays $10,000+ a year in property taxes, about 0.50% of the median home value.
Is Palm Beach 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 Palm Beach?
The median home value in Palm Beach is $2,000,000+, about 11.0 times the typical yearly household income.
9,348 people live in Palm Beach. Numbers are typical (middle) values.