salaryRent is higher than in 66% of U.S. cities. A typical house costs about 5.3 years of household income. Most homes (75.5%) are owned, so rentals can be hard to find. It is a highly educated city: 56.4% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $77,400 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 224 of 479 cities from cheapest to most expensive.
How much do households earn in Palmer Ranch?
Share of households by yearly income. 41.9% of households earn $100,000 or more.
Rent by apartment size in Palmer Ranch
| Size | Palmer Ranch | U.S. average |
|---|---|---|
| Studio | $1,698 | $1,338 |
| 1 bedroom | $1,686 | $1,324 |
| 2 bedrooms | $2,109 | $1,509 |
| 3 bedrooms | $2,157 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Palmer Ranch 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 Palmer Ranch, so the Florida figure is shown.
Taxes and bills in Palmer Ranch
Life in Palmer Ranch
Is it cheaper to rent or buy in Palmer Ranch?
Renting is cheaper right now: about $2,179 a month less.
Owning assumes a typical $592,900 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $59,290 for the down payment.
Frequently asked questions
What is the average rent in Palmer Ranch, FL?
Renting in Palmer Ranch costs a median of about $1,935 a month in 2026, including utilities. The Florida median is $1,963.
How much do I need to make to live in Palmer Ranch?
To keep rent under 30% of income, you need about $77,400 a year, or $37 an hour at a full-time job.
Is Palmer Ranch cheap or expensive?
Palmer Ranch is rated OK: rent takes 20.9% of the typical household income of $110,911. It ranks 224th cheapest of 479 Florida cities we track.
How much are property taxes in Palmer Ranch?
The median homeowner in Palmer Ranch pays $4,363 a year in property taxes, about 0.74% of the median home value.
Is Palmer Ranch 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 Palmer Ranch?
The median home value in Palmer Ranch is $592,900, about 5.3 times the typical yearly household income.
16,867 people live in Palmer Ranch. Numbers are typical (middle) values.