Palm Beach County, FL

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

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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

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