Living in Royal Palm Estates, Florida
Cost of living, income, home prices, rent and demographics of Royal Palm Estates · Census data 2020–2024
Royal Palm Estates has 1,369 residents with a median age of 46.4. The median household income is $60,532 (19% lower than the Florida median), the median home value is $331,600, the median rent is $1,736/month.
Royal Palm Estates is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Royal Palm Estates at a glance
- Population
- 1,369
- Median age
- 46.4State: 42.6
- Median household income
- $60,532State: $74,568
- Median home value
- $331,600State: $359,000
- Median rent
- $1,736/moState: $1,669
- Homeowners
- 70.1%
- Bachelor's degree or higher
- 0.6%
- Average commute
- 29 min
Is Royal Palm Estates a good place to live?
Pros: Home values 8% lower than the state median.
Cons: Median household income 19% lower than the Florida median; an average commute of 29 minutes; unemployment of 7.1%; a poverty rate of 16.9%.
The weather is best in December to March.
Cost of living in Royal Palm Estates
Housing is the biggest part of the cost of living. In Royal Palm Estates the median home value is $331,600, about the same as the U.S. median. Renters pay a median of $1,736 per month, which is 14% of household income. Homeowners with a mortgage pay $1,663 a month in housing costs.
Royal Palm Estates median household income
The median household income in Royal Palm Estates is $60,532 and the income per person is $34,964. 16.9% of residents live below the poverty line (Florida: 12.6%).
Housing in Royal Palm Estates: homes for sale and rent
- Housing units
- 596
- Owner-occupied
- 70.1%
- Renter-occupied
- 29.9%
- Vacant
- 5%Includes seasonal homes
- Median year built
- 1978
- Average household size
- 2.36
Royal Palm Estates demographics
- Population
- 1,369
- Median age
- 46.4
- Under 18
- 13.2%
- 65 and older
- 15%
- Households
- 566
- Foreign-born
- 37.5%
- Veterans
- 0.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Royal Palm Estates ›
Education in Royal Palm Estates
0.6% of adults 25 and older in Royal Palm Estates have a bachelor's degree or higher (Florida: 34.1%), and 0% have a graduate or professional degree.
Jobs and commute in Royal Palm Estates
- Unemployment rate
- 7.1%State: 4.8%
- Average commute
- 29 minState: 28 min
- Work from home
- 6.2%
- Drive alone
- 63%
- Public transit
- 0.1%
- Walk to work
- 0%
- Homes with broadband
- 94.3%
Royal Palm Estates vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Royal Palm Estates | 1,369 | $60,532 | $331,600 | $1,736 |
| Lake Belvedere Estates | 2,672 | $76,036 | $382,300 | $2,105 |
| Haverhill | 2,823 | $79,787 | $424,500 | $1,734 |
| Stacey Street | 582 | $65,655 | — | $1,621 |
| Gun Club Estates | 1,050 | $81,563 | $423,800 | — |
| Pine Air | 2,258 | $55,881 | $331,800 | $1,569 |
| Westgate | 8,151 | $51,604 | $251,300 | $1,421 |
| Schall Circle | 467 | $45,500 | $286,800 | $2,051 |
| Glen Ridge | 289 | $128,125 | $676,700 | $2,188 |
More for people moving to Royal Palm Estates
Royal Palm Estates ZIP code ›Weather and climate ›Living in Royal Palm Estates: FAQ
What is the median household income in Royal Palm Estates, FL?
The median household income in Royal Palm Estates is $60,532, 19% lower 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 Royal Palm Estates?
The median home value in Royal Palm Estates is $331,600, compared with $359,000 in Florida.
How much is rent in Royal Palm Estates?
The median gross rent in Royal Palm Estates is $1,736 per month, about 14% of household income.
Is Royal Palm Estates, FL a good place to live?
Pluses: home values 8% lower than the state median. Minuses: median household income 19% lower than the Florida median; an average commute of 29 minutes; unemployment of 7.1%; a poverty rate of 16.9%.
What is the median age in Royal Palm Estates?
The median age in Royal Palm Estates is 46.4 years (Florida: 42.6).
How long is the commute in Royal Palm Estates?
The average commute to work in Royal Palm Estates is 29 minutes; 6.2% of workers work from home.
What is the unemployment rate in Royal Palm Estates?
The unemployment rate in Royal Palm Estates is 7.1% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Royal Palm Estates?
0.6% of adults in Royal Palm Estates 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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