Cost of Living in West palm beach, FL
Housing
The housing market plays a significant role in determining the cost of living in West palm beach, FL.
- Housing Index: 120.0 / 100
- Median Home Price is: $365000
- Average Rent (2 BR Apartment): $2400 per month
- Average Rent (2 BR House): $2560 per month
Considering a move to West palm beach, FL? With a housing index of 120.0, the real estate market indicates that home affordability may be challenging. A median home price of 365000 suggests that purchasing a home here could require a significant investment. Additionally, average rent for a 2-bedroom apartment and house is relatively high at 2400 and 2560, respectively, which may strain a household budget. It's essential to weigh these factors against your financial situation and lifestyle preferences before making a decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in West palm beach, FL.
- Electricity Price: $13.89 USD (median by state)
- Natural Gas Price: $26.13 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $280 per month
Living in West palm beach, FL could entail higher utility costs. Electricity costs sit at $13.89, while natural gas is priced at $26.13 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $280 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if West palm beach is a financially viable option for your relocation.