salaryRent is higher than in 64% of U.S. cities. A typical house costs about 5.5 years of household income. Most homes (81.4%) are owned, so rentals can be hard to find. It is a highly educated city: 71% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $76,680 a year. That is $37 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 215 of 479 cities from cheapest to most expensive.
How much do households earn in Palm Valley?
Share of households by yearly income. 47.0% of households earn $100,000 or more.
Rent by apartment size in Palm Valley
| Size | Palm Valley | U.S. average |
|---|---|---|
| 1 bedroom | $1,846 | $1,324 |
| 2 bedrooms | $1,886 | $1,509 |
| 3 bedrooms | $3,332 | $1,698 |
| 4 bedrooms | $2,418 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Palm Valley 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 Valley, so the Florida figure is shown.
Taxes and bills in Palm Valley
Life in Palm Valley
Is it cheaper to rent or buy in Palm Valley?
Renting is cheaper right now: about $2,876 a month less.
Owning assumes a typical $690,800 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $69,080 for the down payment.
Frequently asked questions
What is the average rent in Palm Valley, FL?
Renting in Palm Valley costs a median of about $1,917 a month in 2026, including utilities. The Florida median is $1,963.
How much do I need to make to live in Palm Valley?
To keep rent under 30% of income, you need about $76,680 a year, or $37 an hour at a full-time job.
Is Palm Valley cheap or expensive?
Palm Valley is rated Cheap: rent takes 18.3% of the typical household income of $125,780. It ranks 215th cheapest of 479 Florida cities we track.
How much are property taxes in Palm Valley?
The median homeowner in Palm Valley pays $4,490 a year in property taxes, about 0.65% of the median home value.
Is Palm Valley 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 Valley?
The median home value in Palm Valley is $690,800, about 5.5 times the typical yearly household income.
19,796 people live in Palm Valley. Numbers are typical (middle) values.