Florida · Census, HUD and BEA figures · Updated

Cost of Living in Palm Beach County, FL

Prices around Palm Beach County, FL run 14.2% above the U.S. average (BEA, the metro area). The typical household there earns $83,581 a year, and HUD puts a two-bedroom at $2,254 a month. Keeping that rent under 30% of income takes about $90,160 a year.

Palm Beach County, FL at a glance

Median household income

$83,581$6,965 per month · U.S. Census Bureau ACS 5-Year
2-bedroom rent$2,254HUD FY2026 Fair Market Rent
Price level (U.S. = 100)114.2+14.2% · BEA, the metro area
Electricity15.1¢per kWh · EIA Residential FL
Population1,533,806Census ACS 5-year estimate

How much rent can you afford in Palm Beach County, FL?

HUD’s fair market rent for each size, against what a typical household here earns. Change the income to see yours.

Moderate cost burden (30–50%)
HUD Fair Market Rent$2,254Monthly market rent
Share of gross income32.4%Recommended max: 30%
Annual income needed$90,160To meet the 30% standard
Max affordable rent$2,090At 30% of $83,581
0%30% (Affordability standard)100%
Compare against:

How much is rent in Palm Beach County, FL? By bedroom, 2026

HUD's fiscal 2026 Fair Market Rents for West Palm Beach-Boca Raton, FL HUD Metro FMR Area, with the income each one takes if rent stays under 30% of it.

HUD Fair Market Rent in Palm Beach County, FL, fiscal 2026
Unit SizeMonthly RentAnnual Rent30% Rule Min. Income% of Median Income
Studio / Efficiency$1,788$21,456$71,52025.7%
1-Bedroom Apartment$1,901$22,812$76,04027.3%
2-Bedroom ApartmentBenchmark$2,254$27,048$90,16032.4%
3-Bedroom Home$2,920$35,040$116,80041.9%
4-Bedroom Home$3,388$40,656$135,52048.6%

Rent in Palm Beach County, FL, with the wage each unit needs →

What a typical income covers in Palm Beach County, FL

The 50/30/20 rule applied to the local median of $83,581 a year ($6,965 a month before tax).

Needs (50%)$3,483/moRent ($2,254 2-BR), utilities (~$136/mo), groceries, transit
Wants (30%)$2,090/moEating out, travel, subscriptions and the rest
Savings and debt (20%)$1,393/moEmergency fund, retirement, paying down loans

What $83,581 leaves after Florida taxes

Federal income tax, Social Security, Medicare and Florida tax on the local median income. Change the salary to see yours.

$83,581
$30,000$170,000
Filing status:
Gross salary breakdown$83,581
Net 81%
Fed 11%
FICA 8%
Annual take-home$67,629After all taxes
Monthly deposit$5,636Estimated per month
Biweekly paycheck$2,601Every 2 weeks (26/yr)
Effective tax rate19.1%Total tax burden
Federal income tax$9,558 / yr
Florida state income taxNo state wage tax$0
FICA (Social Security & Medicare)$6,394 / yr

Living in Palm Beach County, FL: common questions

What is the median household income in Palm Beach County, FL?

According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Palm Beach County, FL is $83,581 per year (approximately $6,965 per month).

What is the average rent in Palm Beach County, FL?

The closest official figure is HUD's Fair Market Rent for 2026: $1,788 for a studio, $1,901 for one bedroom, $2,254 for two, $2,920 for three and $3,388 for four, utilities included.

It is not an average of listings. HUD sets it at the rent 40% of recent movers paid or less for a standard unit, so a new lease on a nicer place will usually cost more.

Is Palm Beach County, FL expensive to live in?

Prices there run 14.2% above the U.S. average. BEA's regional price parity for the metro area is 114.2, where the U.S. is 100. Rent moves the number most: housing is where places differ, while goods cost about the same everywhere.

How much do you need to earn to comfortably afford rent in Palm Beach County, FL?

To keep a $2,254 two-bedroom under 30% of gross income, a household needs about $90,160 a year, or $7,513 a month. That is 108% of what the typical household in Palm Beach County, FL earns.

How much do you need to live comfortably in Palm Beach County, FL?

On the local median income of $83,581 ($6,965 a month before tax), the 50/30/20 rule leaves $3,483 a month for needs like rent, utilities and groceries, $2,090 for everything else and $1,393 for savings or debt. A two-bedroom at $2,254 takes 65% of the needs share.

How much is the electric bill in Palm Beach County, FL?

Homes in Florida paid 15.1¢ per kWh on average (EIA). At 900 kWh a month, a typical use, that is about $136. Your bill depends mostly on heating and cooling.