Florida · Population 119,508 · Updated March 2026
How far your income goes in West Palm Beach
State-level tax rates that affect your costs
West Palm Beach is more expensive than the national average. Higher housing costs are typically the primary driver. With a cost index of 119 (where 100 equals the national median), West Palm Beach residents can expect to pay median rent of $1,709/month while earning a median household income of $69,261/year.
The median home value in West Palm Beach, FL is $369,800, with typical monthly owner costs around $1,667 including mortgage, insurance, and taxes. With a rent-to-income ratio of 29.6%, West 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 West Palm Beach.
Common questions about living costs in West Palm Beach
Similar-sized cities to compare