Cost of Living in Palmona Park, FL

With a cost of living index of 102, Palmona Park, FL is somewhat more expensive than average. Living here is 2% more expensive than the national average and 8% below the Florida state average of 110. Palmona Park is a small community of 1,028 residents.

The median household income in Palmona Park is $29,912, which is 60% lower than the national median of $75,149. Residents spend roughly 55% of household income on rent. This is well above the 30% affordability threshold, indicating a significant housing cost burden for many residents.

Climate is another factor for anyone considering a move to Palmona Park. The area sees an average annual temperature of 75.4°F, with summers averaging 83°F and winters around 66°F. Annual rainfall totals 57.4 inches spread over roughly 116 days.

Everyday prices in the Cape Coral-Fort Myers, FL (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.