Cost of Living: Miami, FL vs Palm Beach Gardens, FL
Quick rent-and-take-home comparison
Using a baseline of $70,000/yr gross, take-home is about $4,516/mo in Miami, FL versus $4,516/mo in Palm Beach Gardens, FL. In the model, rent is about 24.14% of gross in Miami, FL versus 33.07% in Palm Beach Gardens, FL, so Miami, FL tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Miami, FL and Palm Beach Gardens, FL.
At a glance
- Cheaper overall (lower cost-of-living index): Palm Beach Gardens, FL
- Lower rent (median 1BR/2BR): Miami, FL
- Lower home prices: Miami, FL
- Higher median household income: Palm Beach Gardens, FL
Cost of Living Index
Miami, FL: 118.4 (U.S. = 100) · Palm Beach Gardens, FL: 100 (U.S. = 100)
Palm Beach Gardens, FL has a lower cost-of-living index than Miami, FL, so a given salary generally stretches further there.
Median Rent
Miami, FL: $1,574/mo (midpoint of 1BR/2BR) · Palm Beach Gardens, FL: $2,156/mo
Median rent in Palm Beach Gardens, FL is $582/mo higher than in Miami, FL.
Median Home Price
Miami, FL: $475,200 · Palm Beach Gardens, FL: $554,300
Median home price in Palm Beach Gardens, FL is $79,100 higher than in Miami, FL.
Median Household Income
Miami, FL: $59,390 · Palm Beach Gardens, FL: $110,563
Palm Beach Gardens, FL has a higher median household income than Miami, FL by $51,173.
Miami, FL overview · Palm Beach Gardens, FL overview · Popular comparisons