Martin County · Florida · South · 26k residents
Palm City, FL: economy, jobs & business costs
The site-selection read on Palm City: labor costs, talent, corporate tax, energy, and business activity, with the Florida median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: ACS place data; supplementary fields may use state estimates.
Average weekly wages in the surrounding labor market run $1,197/wk. Florida's corporate income tax rate is 5.5%. Commercial electricity averages 11.0¢/kWh.
Compare Palm City side by side
Avg. weekly wage
$1,197/wk
Corporate income tax
5.5%
Bachelor's degree or higher
47.6%
Commercial electricity
11.0¢/kWh
Economic momentum
How fast Palm City's economy is moving, ranked against the US cities we track.
86/100
Heating
Ranks Palm City's jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| ACS median home value | $563,400 |
| Price per sq. ft. | $260 |
| Property tax rate | 0.8% |
| 1-bedroom rent | $2,013/mo |
| 2-bedroom rent | $1,575/mo |
| State & local income tax | 0% |
| Sales tax | 7% |
| Corporate income tax | 5.5% |
| Avg. weekly wage | $1,197/wk |
| Bachelor's degree or higher | 47.6% |
| Commercial electricity | 11.0¢/kWh |
| Businesses per 1k residents | 46.0/1k |
| Wage: Software developer | $128,510 |
| Wage: Registered nurse | $82,090 |
| Wage: General manager | $94,910 |
| Wage: Customer service | $38,380 |
| Wage: Warehouse worker | $35,660 |
| Wage: Heavy truck driver | $48,590 |
| Wage: Electrician | $58,540 |
| Wage: Retail salesperson | $34,020 |
| Cost of living index | 114 |
| Groceries index | 103 |
| Utilities | $180/mo |
| Transit pass | $65/mo |
| Gas price | $3.25/gal |
| Healthcare index | 100 |
| Childcare (per child) | $1,000/mo |
| Median household income | $125,820 |
| Unemployment rate | 3.3% |
| Population | 26k |
| Crime index | 45/100 |
| School rating | 5.8/10 |
| Walkability | 30/100 |
| Disaster risk | 94/100 |
| Avg. commute | 28 min |
| Sunny days / year | 240 days |
| July high | 91°F |
| January low | 56°F |
| Annual snowfall | 0 in |
| Home price YoY | -2.6% |
| Home price MoM | +0.1% |
| Rent YoY | +6.4% |
| Rent MoM | 0.0% |
| Employment (jobs) YoY | +1.6% |
| Building permits YoY | — |
| Ocean coast | 20 mi |
| Big lake | 35 mi |
| Mountains | 547 mi |
| Major airport | 76 mi |
| Ski resort | 609 mi |
Popular comparisons
Nearby
- Port St. Lucie, FL · 232k
- Jupiter, FL · 62k
- Fort Pierce, FL · 49k
- Palm Beach Gardens, FL · 61k
- The Acreage, FL · 41k
Similar size
- Immokalee, FL · 26k
- Pace, FL · 26k
- Sebastian, FL · 26k
- Bellview, FL · 26k
- Fish Hawk, FL · 26k
Real listings in Palm City
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Palm City a good place to run a business?
- Florida's corporate income tax rate is 5.5%; average weekly wages in the surrounding labor market run $1,197/wk; commercial electricity averages 11.0¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Palm City, FL?
- Palm City indexes at 114 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $1,575/mo and a acs median home value of $563,400.
- How much does a house cost in Palm City?
- The acs median home value in Palm City is $563,400 (Census ACS estimate; individual listings vary).
- How much is rent in Palm City?
- A two-bedroom in Palm City rents for about $1,575/mo.