Cost of Living in West Palm Beach, FL
Population: 119,508 • 2026 Data
$69,261
Median Household Income
-11% vs national
$1,709
Median Monthly Rent
+27% vs national
$369,800
Median Home Value
+9% vs national
5.4%
Unemployment Rate
Housing in West Palm Beach
The median home value in West Palm Beach, FL is $369,800. Monthly rent for a typical unit averages $1,709, while total monthly housing costs (including utilities and insurance) average $1,667.
Rent-to-income ratio: 29.6%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in West Palm Beach, FL is $69,261. The unemployment rate stands at 5.4%, with a labor force of 64,332 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.