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Cost of Living in Palm Coast, FL

Population 98,258 · Census ACS 2020–2024 5-year estimates

Median rent$1,782
Median home value$350,800
Median household income$77,350

The median rent in Palm Coast, FL is $1,782/month, 7% higher than the Florida median and 26% higher than the U.S. median. The median home value is $350,800, 5% higher than the national median. Households earn a median of $77,350 a year, 4% higher than the state median.

Affordability

Rent as a share of median income: 27.6%
Income needed for median rent (30% rule): $71,280/yr
Home price-to-income ratio: 4.5×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $1,774/mo

Run your own numbers: mortgage calculator · hourly to salary

Palm Coast vs. Florida vs. U.S.

Palm CoastFloridaU.S.
Median rent$1,782$1,669$1,413
Median home value$350,800$359,000$332,700
Median household income$77,350$74,568$80,734
Homeownership rate81.9%67.6%65.2%
Bachelor's degree or higher29.7%34.1%35.7%
Poverty rate10.6%12.6%12.5%
Unemployment rate4.5%4.8%5.2%
Work from home17.4%15.7%15.1%
Median age50.442.638.9

FAQ

What is the average rent in Palm Coast, FL?

The median gross rent in Palm Coast, FL is $1,782 per month (ACS 2020–2024 5-year estimate).

How much do I need to earn to live in Palm Coast, FL?

Using the common 30% rule, renting a median-priced home takes about $71,280 a year in gross income.

Is Palm Coast, FL expensive to live in?

Rent there is 26% higher than the U.S. median, and the median home costs about 4.5 times the median household income.

Other cities in Florida

Jacksonville, FLRent $1,465 · Income $69,872Miami, FLRent $1,758 · Income $62,462Tampa, FLRent $1,701 · Income $75,475Orlando, FLRent $1,747 · Income $72,336St. Petersburg, FLRent $1,663 · Income $75,192Port St. Lucie, FLRent $1,937 · Income $80,648

Cities with a similar cost of living

Palm Desert, CARent $1,778 · Income $77,513Hawthorne, CARent $1,782 · Income $75,848El Mirage, AZRent $1,806 · Income $78,050Lynnwood, WARent $1,742 · Income $77,704McDonough, GARent $1,792 · Income $75,343West Chester, PARent $1,731 · Income $78,385

Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

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