Cost of Living in South Palm Beach, FL

Cost indexes, living wages, and fair market rents — 2024 Data

Cost of Living Overview

Overall Index

141.9

100 = national avg

+41.9 vs national average

Living Wage (1 Adult)

$62,416

per year

Living Wage (Family of 4)

$147,529

per year

Cost Index by Category

Housing
187.1
Food
110.8
Transportation
121.7
Healthcare
108.7
Utilities
123.9

100 = national average. Higher = more expensive.

Fair Market Rent

Source: HUD

1 Bedroom

$1,901

per month

2 Bedroom

$2,254

per month

The overall cost of living index in South Palm Beach is 141.9, which is 41.9% above the national average. Housing costs are above the national average at an index of 187.1. A single adult needs to earn approximately $62,416 per year to cover basic expenses.