salaryRent is higher than in 78% of U.S. cities. Household incomes are higher than in 85% of U.S. cities. A typical house costs about 4.2 years of household income. Commutes are long, about 31.8 minutes each way. Most homes (89.7%) are owned, so rentals can be hard to find.
How much money do I need?
To rent here comfortably, you should earn about $90,360 a year. That is $43 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 333 of 479 cities from cheapest to most expensive.
How much do households earn in Palm City?
Share of households by yearly income. 50.3% of households earn $100,000 or more.
Rent by apartment size in Palm City
| Size | Palm City | U.S. average |
|---|---|---|
| Studio | $2,358 | $1,338 |
| 2 bedrooms | $1,657 | $1,509 |
| 3 bedrooms | $2,383 | $1,698 |
| 4 bedrooms | $3,500+ | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Palm City 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 City, so the Florida figure is shown.
Taxes and bills in Palm City
Life in Palm City
Is it cheaper to rent or buy in Palm City?
Renting is cheaper right now: about $1,650 a month less.
Owning assumes a typical $563,400 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $56,340 for the down payment.
Frequently asked questions
What is the average rent in Palm City, FL?
Renting in Palm City costs a median of about $2,259 a month in 2026, including utilities. The Florida median is $1,963.
How much do I need to make to live in Palm City?
To keep rent under 30% of income, you need about $90,360 a year, or $43 an hour at a full-time job.
Is Palm City cheap or expensive?
Palm City is rated Cheap: rent takes 20.0% of the typical household income of $135,697. It ranks 333rd cheapest of 479 Florida cities we track.
How much are property taxes in Palm City?
The median homeowner in Palm City pays $4,643 a year in property taxes, about 0.82% of the median home value.
Is Palm City 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 City?
The median home value in Palm City is $563,400, about 4.2 times the typical yearly household income.
26,371 people live in Palm City. Numbers are typical (middle) values.