Cost of Living in Palm Beach, FL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
284.6
100 = national avg
+184.6 vs national average
Living Wage (1 Adult)
$125,210
per year
Living Wage (Family of 4)
$295,951
per year
Cost Index by Category
Housing400.0
Food183.8
Transportation267.6
Healthcare167.1
Utilities200.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,901
per month
2 Bedroom
$2,254
per month
The overall cost of living index in Palm Beach is 284.6, which is 184.6% above the national average. Housing costs are above the national average at an index of 400.0. A single adult needs to earn approximately $125,210 per year to cover basic expenses.