Cost of Living in West Palm Beach, Florida
In West Palm Beach, the median household income is $73,446 and the median gross rent is $1,772/mo, with a median home value of $414,200. Source: Census Bureau ACS, 2020-2024 estimates.
- Median household income
- $73,446
- Median gross rent
- $1,772/mo
- Median home value
- $414,200
- Population
- 122,290
How West Palm Beach compares to the Florida average
| Measure | West Palm Beach, FL | Florida statewide | Difference |
|---|---|---|---|
| Median household income | $73,446 | $74,568 | -1.5% |
| Median gross rent (monthly) | $1,772 | $1,669 | +6.2% |
| Median home value | $414,200 | $359,000 | +15.4% |
Statewide, Florida prices average 103.4 on the BEA Regional Price Parity index (2024), where the U.S. average is 100.
Housing affordability in West Palm Beach
- Salary needed for median rent
- $70,880
- Rent burden at median income
- 29.0%
- Est. affordable home price
- $267,926
So that $1,772/mo is 30% of gross income
Share of the median household income spent on median rent (30%+ = cost-burdened)
At median income, 6.67% 30-yr rate (FRED, 2026-08), 20% down, 28% front-end DTI
The median home value in West Palm Beach is $414,200 — +54.6% above what the median household income supports under these assumptions.
Estimates from documented formulas — see methodology. Not financial advice.
Cost of living in other Florida cities
About this data
- American Community Survey 5-Year Estimates — data period 2020-2024, retrieved August 13, 2026.
- Regional Price Parities — data period 2024, retrieved August 13, 2026.
- Federal Reserve Economic Data — data period 2026-08, retrieved August 13, 2026.
Figures are shown exactly as published by the source or derived by the documented formulas on our methodology page. Where a source suppresses an estimate, we show “—” rather than a substitute value.