How Palm Beach County Compares to the Northeast

Published Thursday, December 1, 2016

With a talented, skilled workforce, low tax climate and an outstanding education system, Palm Beach County offers a robust platform for sustained business success.  To highlight the competitive advantages with locating a business to Palm Beach County, here's a comparison between West Palm Beach, FL and New York, NY.

 

 

Average Temperature

West Palm Beach: 75.35°F   New York: 55.15°F 

 

Cost of Living

West Palm Beach is 52.4% less expensive than New York.

Health related expenses are 6.5% less in West Palm Beach.

According to Numbeo.com, you would need around $7,133.12 in New York, NY to maintain the same standard of life that you can have with $ in West Palm Beach, FL (assuming you rent in both cities).  In New York, NY, consumer prices are 24.36% higher, grocery prices are 20.87% higher and restaurant prices are 30.44% higher than in West Palm Beach, FL

 

Taxes

In the Tax Foundation's 2017 State Business Tax Climate Index, 
Florida ranked #4 for best state business tax climates. New York ranked #48 among the lowest, worst business tax climates.

 

 

Sources: www.numbeo.comwww.taxfoundation.orgwww.bestplaces.net, www.usclimatedata.com

 

 

 

Investors

#1 Palm Beach County Board of County Commissioners Aerojet Rocketdyne Bank of America Bank United Baptist Health South Florida
Caler, Donten, Levine, Cohen, Porter & Veil, P.A. CareerSource DePuy Synthes Power Tools, a Johnson & Johnson Company Equestrian Center Florida Crystals Corporation
FPL Greenberg Traurig Gunster Hardrives, Inc. HCA Palm Beach Hospitals
Hedrick Brothers Construction Hospital for Special Surgery J.C. White JP Morgan Chase LRP Publications
Martens Group Minto Communities, LLC NCCI Nova Southeastern University Palm Beach Aggregates, LLC
Palm Beach Park of Commerce PNC Bank Pratt & Whitney (A United Technologies Company) Raymond James Financial Services/Boynton Financial Group, Inc. RSM
South Florida Business & Wealth Magazine South Florida Business Journal Stiles-Nicholson Foundation TD Bank Tortoise Properties
Wells Fargo & Company Wexford Capital