Palm Beach Gardens, FL

Very High · 161

Florida · Population 59,751 · Updated March 2026

$2,269
Median Rent / Month
$110,563
Median Income
$554,300
Median Home Value
$1,991
Owner Costs / Month

Affordability

How far your income goes in Palm Beach Gardens

24.6%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

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

$27,228
Annual Rent
$0
State Income Tax
$4,767
Property Tax (est.)

Cost of Living Overview

Palm Beach Gardens has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 161 (where 100 equals the national median), Palm Beach Gardens residents can expect to pay median rent of $2,269/month while earning a median household income of $110,563/year.

The median home value in Palm Beach Gardens, FL is $554,300, with typical monthly owner costs around $1,991 including mortgage, insurance, and taxes. The median rent-to-income ratio of 24.6% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

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 Palm Beach Gardens.

Frequently Asked Questions

Common questions about living costs in Palm Beach Gardens

What is the cost of living in Palm Beach Gardens, FL?
The cost of living index in Palm Beach Gardens, FL is 161 (US average = 100). Median monthly rent is $2,269, median household income is $110,563/year, and the median home value is $554,300.
Is Palm Beach Gardens, FL affordable?
No, Palm Beach Gardens is more expensive than the national average with a cost index of 161. The rent-to-income ratio is 24.6%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Palm Beach Gardens, FL?
The median gross rent in Palm Beach Gardens, FL is $2,269 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $27,228.
What is the median household income in Palm Beach Gardens?
The median household income in Palm Beach Gardens, FL is $110,563 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.