Palm River-Clair Mel, FL

Average · 90

Florida · Population 26,719 · Updated March 2026

$1,439
Median Rent / Month
$62,976
Median Income
$244,100
Median Home Value
$1,248
Owner Costs / Month

Affordability

How far your income goes in Palm River-Clair Mel

27.4%
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

$17,268
Annual Rent
$0
State Income Tax
$2,099
Property Tax (est.)

Cost of Living Overview

Palm River-Clair Mel offers a below-average cost of living, giving residents more purchasing power compared to many US cities. With a cost index of 90 (where 100 equals the national median), Palm River-Clair Mel residents can expect to pay median rent of $1,439/month while earning a median household income of $62,976/year.

The median home value in Palm River-Clair Mel, FL is $244,100, with typical monthly owner costs around $1,248 including mortgage, insurance, and taxes. With a rent-to-income ratio of 27.4%, Palm River-Clair Mel 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 River-Clair Mel.

Frequently Asked Questions

Common questions about living costs in Palm River-Clair Mel

What is the cost of living in Palm River-Clair Mel, FL?
The cost of living index in Palm River-Clair Mel, FL is 90 (US average = 100). Median monthly rent is $1,439, median household income is $62,976/year, and the median home value is $244,100.
Is Palm River-Clair Mel, FL affordable?
Yes, Palm River-Clair Mel is more affordable than the national average with a cost index of 90. The rent-to-income ratio is 27.4%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Palm River-Clair Mel, FL?
The median gross rent in Palm River-Clair Mel, FL is $1,439 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $17,268.
What is the median household income in Palm River-Clair Mel?
The median household income in Palm River-Clair Mel, FL is $62,976 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.