States › Florida › Palmetto Estates

Is Palmetto Estates, FL expensive to live in?

CheapRent takes 20 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,45317% lower than U.S. average
💵 Families earn per year (2026)$88,506about $7,376/month · 2% higher than U.S. average
🔑 House price$445,90034% higher than U.S. average

Rent is lower than in 60% of U.S. cities. A typical house costs about 5.0 years of household income. Commutes are long, about 34.4 minutes each way. Most homes (86.3%) are owned, so rentals can be hard to find.

How much money do I need?

To rent here comfortably, you should earn about $58,120 a year. That is $28 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 74 of 479 cities from cheapest to most expensive.

Palmetto Estates
$1,453
Azalea Park
$2,353
Marco Island
$3,500+
On Top of the World
$1,275
Opa-locka
$1,776
Longwood
$1,992
Warrington
$1,470

How much do households earn in Palmetto Estates?

Under $25k
8.4%
$25k–50k
19.9%
$50k–100k
43.0%
$100k–150k
14.9%
$150k+
10.7%

Share of households by yearly income. 25.6% of households earn $100,000 or more.

Rent by apartment size in Palmetto Estates

SizePalmetto EstatesU.S. average
2 bedrooms$1,896$1,509
3 bedrooms$2,481$1,698
4 bedrooms$2,383$2,098

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

How expensive is Palmetto Estates overall?

Everyday prices in Florida overall are 3% above the U.S. average (index 103.4, U.S. = 100).

Housing
122
Goods (food, clothes…)
98
Utilities
90
Other services
101
U.S. average
100

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

Taxes and bills in Palmetto Estates

🏛️ Property tax$2,734a year · 0.61% of home value · U.S. $3,119
⚡ Electric bill$227a month (typical) · U.S. $156

Life in Palmetto Estates

Commute to work34.4 minU.S.: 26.4 min
College degree25.1%U.S.: 35.7%
Own their home86.3%U.S.: 65.2%
Below poverty line11.6%U.S.: 12.5%
Unemployment4.6%U.S.: 5.2%

Is it cheaper to rent or buy in Palmetto Estates?

Renting is cheaper right now: about $1,641 a month less.

Renting
$1,453
Owning
$3,094

Owning assumes a typical $445,900 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $44,590 for the down payment.

Frequently asked questions

What is the average rent in Palmetto Estates, FL?

Renting in Palmetto Estates costs a median of about $1,453 a month in 2026, including utilities. The Florida median is $1,963.

How much do I need to make to live in Palmetto Estates?

To keep rent under 30% of income, you need about $58,120 a year, or $28 an hour at a full-time job.

Is Palmetto Estates cheap or expensive?

Palmetto Estates is rated Cheap: rent takes 19.7% of the typical household income of $88,506. It ranks 74th cheapest of 479 Florida cities we track.

How much are property taxes in Palmetto Estates?

The median homeowner in Palmetto Estates pays $2,734 a year in property taxes, about 0.61% of the median home value.

Is Palmetto Estates 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 Palmetto Estates?

The median home value in Palmetto Estates is $445,900, about 5.0 times the typical yearly household income.

16,129 people live in Palmetto Estates. Numbers are typical (middle) values.