Palm Coast, FL

Average · 108

Florida · Population 94,362 · Updated March 2026

$1,747
Median Rent / Month
$71,840
Median Income
$317,200
Median Home Value
$1,347
Owner Costs / Month

Affordability

How far your income goes in Palm Coast

29.2%
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

$20,964
Annual Rent
$0
State Income Tax
$2,728
Property Tax (est.)

Cost of Living Overview

Palm Coast is more expensive than the national average. Higher housing costs are typically the primary driver. With a cost index of 108 (where 100 equals the national median), Palm Coast residents can expect to pay median rent of $1,747/month while earning a median household income of $71,840/year.

The median home value in Palm Coast, FL is $317,200, with typical monthly owner costs around $1,347 including mortgage, insurance, and taxes. With a rent-to-income ratio of 29.2%, Palm Coast 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 Palm Coast.

Frequently Asked Questions

Common questions about living costs in Palm Coast

What is the cost of living in Palm Coast, FL?
The cost of living index in Palm Coast, FL is 108 (US average = 100). Median monthly rent is $1,747, median household income is $71,840/year, and the median home value is $317,200.
Is Palm Coast, FL affordable?
No, Palm Coast is more expensive than the national average with a cost index of 108. The rent-to-income ratio is 29.2%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Palm Coast, FL?
The median gross rent in Palm Coast, FL is $1,747 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $20,964.
What is the median household income in Palm Coast?
The median household income in Palm Coast, FL is $71,840 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.