North Palm Beach, FL

Very High · 136

Florida · Population 13,089 · Updated March 2026

$1,929
Median Rent / Month
$91,042
Median Income
$456,700
Median Home Value
$1,720
Owner Costs / Month

Affordability

How far your income goes in North Palm Beach

25.4%
Rent-to-Income Ratio
Moderate
Rent takes 25-35% of median income — moderate affordability.

Tax Burden in Florida

State-level tax rates that affect your costs

0%
Income Tax (Top Rate)
6.0%
Sales Tax
0.86%
Property Tax Rate

Estimated Annual Costs

$23,148
Annual Rent
$0
State Income Tax
$3,928
Property Tax (est.)

Cost of Living Overview

North Palm Beach has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 136 (where 100 equals the national median), North Palm Beach residents can expect to pay median rent of $1,929/month while earning a median household income of $91,042/year.

The median home value in North Palm Beach, FL is $456,700, with typical monthly owner costs around $1,720 including mortgage, insurance, and taxes. With a rent-to-income ratio of 25.4%, North Palm Beach falls within the generally affordable range, though it's approaching the 30% burden threshold.

Florida has no state income tax, which can represent significant savings compared to high-tax states. Combined with a 6.0% sales tax rate and 0.86% effective property tax rate, the overall tax environment helps keep costs manageable in North Palm Beach.

Frequently Asked Questions

Common questions about living costs in North Palm Beach

What is the cost of living in North Palm Beach, FL?
The cost of living index in North Palm Beach, FL is 136 (US average = 100). Median monthly rent is $1,929, median household income is $91,042/year, and the median home value is $456,700.
Is North Palm Beach, FL affordable?
No, North Palm Beach is more expensive than the national average with a cost index of 136. The rent-to-income ratio is 25.4%—below the 30%% threshold considered affordable by HUD.
What is the average rent in North Palm Beach, FL?
The median gross rent in North Palm Beach, FL is $1,929 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $23,148.
What is the median household income in North Palm Beach?
The median household income in North Palm Beach, FL is $91,042 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Florida?
Florida has a top income tax rate of 0%, a sales tax of 6.0%, and an effective property tax rate of 0.86%. Notably, there is no state income tax.