Palm Beach, Australia

Full City Profile

2.1 /5.0

C Fair

1,450 Population 7,250/sq mi density

30 ft Elevation 9 meters

65°F Avg Temperature 18°C

Overall

2.1 / 5.0

Fair overall score based on economy, affordability, safety and education

Economy

3.2 / 5.0

$43,771 median income, 4.1% unemployment

Affordability

1.0 / 5.0

$504,200 home value, $2,521/mo rent

Palm Beach, Australia

At a Glance

Median Income

$43,771

42% below

$43,771 per capita

Home Value

$504,200

79% above

Median Rent

$2,521/mo

117% above

Unemployment

4.1%

14% above

Avg Temperature

65°F

340 sunny days/yr

Is Palm Beach a Good Place to Live?

2.1 / 5.0 — Fair

Based on economy, affordability, safety, and education metrics compared to national averages.

Economy & Jobs

Palm Beach residents earn a median household income of $43,771 , which is 42% below the national average of $75,149. Per capita income is $43,771. The unemployment rate stands at 4.1% (14% above the U.S. rate of 3.6%). The area is home to 138 business establishments.

Housing & Cost of Living

The median home value in Palm Beach is $504,200 , 79% above the national median of $281,900. Median rent is $2,521/month.

Climate & Weather

Palm Beach has an average annual temperature of 65°F (18°C). Winters average 71°F in January while summers reach 57°F in July. The area gets 340 sunny days per year. Annual precipitation totals 31.5 inches.

Data Overview

People

Population1,450

Median Age58.0 yrs

Density7,250/mi²

Foreign Born21.4%

Economy

Median Income$43,771

Per Capita$43,771

Unemployment4.1%

Poverty

Avg Weekly Wage$842

Housing

Home Value$504,200

Rent$2,521

Ownership82.6%

Housing Units580

Climate

Avg Temp65°F

Sunny Days340/yr

Rain31.5 in/yr

Elevation30 ft

Did You Know?

21.4% of residents are foreign-born.