Living in Palm City, Florida
Cost of living, income, home prices, rent and demographics of Palm City · Census data 2020–2024
Palm City has 26,371 residents with a median age of 52.1. The median household income is $125,820 (69% higher than the Florida median), the median home value is $563,400, the median rent is $2,013/month.
Palm City at a glance
- Population
- 26,371
- Median age
- 52.1State: 42.6
- Median household income
- $125,820State: $74,568
- Median home value
- $563,400State: $359,000
- Median rent
- $2,013/moState: $1,669
- Homeowners
- 89.7%
- Bachelor's degree or higher
- 47.6%
- Average commute
- 32 min
Is Palm City a good place to live?
Pros: Median household income 69% higher than the Florida median; a poverty rate of 5.6%.
Cons: Home values 57% higher than the state median; an average commute of 32 minutes; unemployment of 4.9%.
The weather is best in December to March.
Cost of living in Palm City
Housing is the biggest part of the cost of living. In Palm City the median home value is $563,400, 69% higher than the U.S. median. Renters pay a median of $2,013 per month, which is 29.5% of household income. Homeowners with a mortgage pay $2,824 a month in housing costs.
Palm City median household income
The median household income in Palm City is $125,820 and the income per person is $66,506. 5.6% of residents live below the poverty line (Florida: 12.6%).
Housing in Palm City: homes for sale and rent
- Housing units
- 11,607
- Owner-occupied
- 89.7%
- Renter-occupied
- 10.3%
- Vacant
- 10.8%Includes seasonal homes
- Median year built
- 1993
- Average household size
- 2.53
Palm City demographics
- Population
- 26,371
- Median age
- 52.1
- Under 18
- 18.4%
- 65 and older
- 28.9%
- Households
- 10,354
- Foreign-born
- 7.4%
- Veterans
- 11%Adults 18+
Hispanic or Latino can be of any race. Population history of Palm City ›
Education in Palm City
47.6% of adults 25 and older in Palm City have a bachelor's degree or higher (Florida: 34.1%), and 18.8% have a graduate or professional degree.
Jobs and commute in Palm City
- Unemployment rate
- 4.9%State: 4.8%
- Average commute
- 32 minState: 28 min
- Work from home
- 24.7%
- Drive alone
- 67.5%
- Public transit
- 0.2%
- Walk to work
- 0.6%
- Homes with broadband
- 95.1%
Palm City vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Palm City | 26,371 | $125,820 | $563,400 | $2,013 |
| North River Shores | 3,633 | $75,896 | $309,800 | $2,136 |
| Stuart | 18,520 | $60,225 | $329,400 | $1,586 |
| Rio | 1,232 | $91,953 | $303,800 | — |
| Jensen Beach | 12,531 | $70,884 | $411,700 | $1,267 |
| Sewall's Point | 1,938 | $129,000 | $1,502,200 | $2,200 |
| Ocean Breeze | 777 | $95,833 | $302,600 | $2,764 |
| Port Salerno | 11,184 | $67,436 | $352,600 | $1,440 |
| Port St. Lucie | 232,491 | $80,648 | $369,200 | $1,937 |
More for people moving to Palm City
Palm City ZIP code ›Weather and climate ›Living in Palm City: FAQ
What is the median household income in Palm City, FL?
The median household income in Palm City is $125,820, 69% higher than the Florida median of $74,568 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Palm City?
The median home value in Palm City is $563,400, compared with $359,000 in Florida.
How much is rent in Palm City?
The median gross rent in Palm City is $2,013 per month, about 29.5% of household income.
Is Palm City, FL a good place to live?
Pluses: median household income 69% higher than the Florida median; a poverty rate of 5.6%. Minuses: home values 57% higher than the state median; an average commute of 32 minutes; unemployment of 4.9%.
What is the median age in Palm City?
The median age in Palm City is 52.1 years (Florida: 42.6).
How long is the commute in Palm City?
The average commute to work in Palm City is 32 minutes; 24.7% of workers work from home.
What is the unemployment rate in Palm City?
The unemployment rate in Palm City is 4.9% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Palm City?
47.6% of adults in Palm City have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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