Palm Harbor, FL

Above Avg · 114

Florida · Population 61,454 · Updated March 2026

$1,733
Median Rent / Month
$75,354
Median Income
$359,600
Median Home Value
$1,448
Owner Costs / Month

Affordability

How far your income goes in Palm Harbor

27.6%
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

$20,796
Annual Rent
$0
State Income Tax
$3,093
Property Tax (est.)

Cost of Living Overview

Palm Harbor is more expensive than the national average. Higher housing costs are typically the primary driver. With a cost index of 114 (where 100 equals the national median), Palm Harbor residents can expect to pay median rent of $1,733/month while earning a median household income of $75,354/year.

The median home value in Palm Harbor, FL is $359,600, with typical monthly owner costs around $1,448 including mortgage, insurance, and taxes. With a rent-to-income ratio of 27.6%, Palm Harbor 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 Harbor.

Frequently Asked Questions

Common questions about living costs in Palm Harbor

What is the cost of living in Palm Harbor, FL?
The cost of living index in Palm Harbor, FL is 114 (US average = 100). Median monthly rent is $1,733, median household income is $75,354/year, and the median home value is $359,600.
Is Palm Harbor, FL affordable?
No, Palm Harbor is more expensive than the national average with a cost index of 114. The rent-to-income ratio is 27.6%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Palm Harbor, FL?
The median gross rent in Palm Harbor, FL is $1,733 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $20,796.
What is the median household income in Palm Harbor?
The median household income in Palm Harbor, FL is $75,354 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.