North Palm Beach, FL, has a higher cost of living compared to the nationwide average. The overall cost of living index in North Palm Beach stands at 117, which is 17% above the national average of 100. This increase is largely driven by housing costs, which are 45% higher than the national average. Other categories like groceries, healthcare, and miscellaneous expenses also exceed the average, though utilities and transportation costs are relatively closer to the national figures.
North Palm Beach, Florida, has a higher cost of living compared to the nationwide average. The housing index stands at 145, which is 45% higher than the national average. This means that housing costs in North Palm Beach are significantly more than what people might expect based on the average U.S. cost of living. For job seekers, this could mean higher rental or mortgage expenses, impacting overall budget planning.
Other expenses in North Palm Beach also exceed the national average. Groceries cost 10% more, with an index of 110. Utilities cost 5% less, with an index of 95. Transportation costs are 5% higher, at 105. Healthcare costs 20% more, with an index of 120. Miscellaneous expenses are 15% higher, at 115. These figures show that while some areas like utilities offer slight savings, many essential costs are higher in North Palm Beach. Job seekers should consider these factors when planning their move to this area.
