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Cost of Living
This collection of data and information promote the true cost-of-living in a region, assist in business recruitment and retention, and provide comparisons to other areas of the country.
The Florida Price Level Index (FPLI) measures the relative costs of living across Florida’s counties. The FPLI was established by the Legislature as the basis for the District Cost Differential (DCD) in the Florida Education Finance Program (FEFP).
The Consumer Price Index represents changes in prices of all goods and services purchased for consumption by urban households. User fees (such as water and sewer service) and sales and excise taxes paid by the consumer are also included. Income taxes and investment items (like stocks, bonds, and life insurance) are not included. The CPI-U includes expenditures by urban wage earners and clerical workers, professional, managerial, and technical workers, the self-employed, short-term workers, the unemployed, retirees and others not in the labor force.
The ACCRA Cost of Living Index measures relative price levels for consumer goods and services in participating areas. The average for all participating places, both metropolitan and nonmetropolitan, equals 100 (i.e. The National Average equals 100). Each participant's index is read as a percentage of the average for all places. The index does not measure inflation. The index reflects cost differences for a mid-management standard of living, and actual cost of living differences can change based on your residential location. Because the number of items priced is limited, it is not valid to treat percentage differences between areas as exact measures. The index does not take taxes into consideration.
According to C2ER the 2020 Palm Beach County county level composite index is 115.9.
For more information contact:
Economic Development & Research
Phone: 561.835.1008 Ext. 4112