Palm Beach County · Florida · South · 122k residents
West Palm Beach, FL: economy, jobs & business costs
The site-selection read on West Palm Beach: 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 $1,578/wk. Florida's corporate income tax rate is 5.5%. Commercial electricity averages 11.0¢/kWh.
Compare West Palm Beach side by side
Avg. weekly wage
$1,578/wk
Corporate income tax
5.5%
Bachelor's degree or higher
39.2%
Commercial electricity
11.0¢/kWh
Economic momentum
How fast West Palm Beach's economy is moving, ranked against the US cities we track.
36/100
Steady
Ranks West Palm Beach's residential building-permit and 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 | $414,200 |
| Price per sq. ft. | $260 |
| Property tax rate | 0.8% |
| 1-bedroom rent | $1,661/mo |
| 2-bedroom rent | $1,826/mo |
| State & local income tax | 0% |
| Sales tax | 7% |
| Corporate income tax | 5.5% |
| Avg. weekly wage | $1,578/wk |
| Bachelor's degree or higher | 39.2% |
| Commercial electricity | 11.0¢/kWh |
| Businesses per 1k residents | 44.3/1k |
| Wage: Software developer | $132,650 |
| Wage: Registered nurse | $91,380 |
| Wage: General manager | $105,640 |
| Wage: Customer service | $39,560 |
| Wage: Warehouse worker | $36,110 |
| Wage: Heavy truck driver | $51,580 |
| Wage: Electrician | $58,630 |
| Wage: Retail salesperson | $34,330 |
| Cost of living index | 109 |
| 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 | $73,446 |
| Unemployment rate | 3.3% |
| Population | 122k |
| Crime index | 45/100 |
| School rating | 5.8/10 |
| Walkability | 38/100 |
| Disaster risk | 99/100 |
| Avg. commute | 28 min |
| Sunny days / year | 240 days |
| July high | 90°F |
| January low | 58°F |
| Annual snowfall | — |
| Home price YoY | -1.5% |
| Home price MoM | +0.2% |
| Rent YoY | +3.2% |
| Rent MoM | +0.4% |
| Employment (jobs) YoY | +0.5% |
| Building permits YoY | -56.1% |
| Ocean coast | < 3 mi |
| Big lake | 48 mi |
| Mountains | 580 mi |
| Major airport | 45 mi |
| Ski resort | 643 mi |
Popular comparisons
Nearby
- Riviera Beach, FL · 39k
- Palm Springs, FL · 27k
- Lake Worth Beach, FL · 43k
- Greenacres, FL · 44k
- Palm Beach Gardens, FL · 61k
Similar size
- Spring Hill, FL · 120k
- Lakeland, FL · 120k
- Brandon, FL · 120k
- Clearwater, FL · 117k
- Palm Bay, FL · 130k
Real listings in West Palm Beach
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is West Palm Beach 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 $1,578/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 West Palm Beach, FL?
- West Palm Beach indexes at 109 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $1,826/mo and a acs median home value of $414,200.
- How much does a house cost in West Palm Beach?
- The acs median home value in West Palm Beach is $414,200 (Census ACS estimate; individual listings vary).
- How much is rent in West Palm Beach?
- A two-bedroom in West Palm Beach rents for about $1,826/mo.