Palm Beach County, FL

Comprehensive housing, income, and cost of living data for Palm Beach County, Florida. Population: 1.5M.

Median Home Price
$454.0K

Based on 50 cities

Median Household Income
$81.1K

Annual household income

Price-to-Income Ratio
5.6x

Less affordable

Salary Needed to Buy
$119.3K

30-yr mortgage, 6.5% rate, 20% down

Housing & Finance

Annual Property Tax
$3,600

Average annual amount

Effective Tax Rate
0.79%

Property tax / home value

Monthly Housing Costs
Mortgage (P&I)$2,296
Property Tax$300
Insurance$189
Total Monthly$2,785
Historical Home Prices
2015
$238.5K
2016
$256.9K
+7.7%%
2017
$273.6K
+6.5%%
2018
$289.6K
+5.8%%
2019
$299.2K
+3.3%%
2020
$320.5K
+7.1%%
2021
$393.2K
+22.7%%
2022
$471.6K
+19.9%%
2023
$488.3K
+3.5%%
2024
$485.7K
-0.5%%
2025
$459.5K
-5.4%%
Source: County price history data via Zillow ZHVI

Demographics & Economics

Unemployment Rate
3.4%%

Below national average

Population Density
761

People per square mile

Homicide Rate
6.5

Low (per 100K residents)

Political Lean (2020)
Competitive

D+0

Racial Demographics

White
50.8%
Black
18%
Hispanic
23.8%
Asian
2.8%
Two or More Races
3.7%

Source: Census ACS 2023. Hispanic/Latino ethnicity counted separately from race.

Climate & Environment

Average Temperature
75°F

Annual average

Sunny Days
234

Days per year

Annual Rainfall
57.2"

Inches per year

Natural Disaster Risk
High Risk

Score: 99/100

January Low
21°F

Average winter low

July High
86°F

Average summer high

Frequently Asked Questions

What is the median home price in Palm Beach County, FL?

The median home price in Palm Beach County, Florida is $454.0K. The price-to-income ratio is 5.6x, meaning the median home costs 5.6 times the median household income.

What salary do you need to buy a home in Palm Beach County?

Based on a 30-year mortgage at 6.5% with 20% down and the 28% debt-to-income rule, you need approximately $119.3K per year to buy the median home in Palm Beach County, FL. Monthly housing costs break down to $2,296 for mortgage, $300 for property tax, and $189 for insurance.

What is the property tax rate in Palm Beach County?

The effective property tax rate in Palm Beach County is 0.79%, which comes to approximately $3,600 per year on the median home.

What is the median household income in Palm Beach County?

The median household income in Palm Beach County, Florida is $81.1K per year, based on Census Bureau American Community Survey data. The unemployment rate is 3.4%%.

Is Palm Beach County a good place to live?

Palm Beach County, Florida has a population of 1.5M. Housing affordability is moderate with a price-to-income ratio of 5.6x. The climate averages 75 degrees F with 234 sunny days per year. Compare Palm Beach County with other areas using our cost of living tools to find the best fit for your budget and lifestyle.