The average cost of installing a palm tree is $1850. This cost includes the purchase price, planting, and maintenance costs. The average cost of planting a small palm is $288, but the average cost of a medium palm is $1038. The average cost of a large palm is $4250. These figures can vary depending on the spice and the nursery where the palm is purchased.
In the following section, we will discuss all aspects of calculating this cost, you will also find all the details summarized in this table.
How Much Does It Cost to Buy a Palm Tree?
To get the price of a palm tree, you must first define the species you want, and also if you want to have it indoors or in your garden or landscape, as well as the level of growth of the palm tree. So let’s see the price of each palm tree with the available options.
There are different types of palm trees, so here is the list with the purchase price for each category.
Small Palm Trees
Small palms are between 1 and 4 feet tall and are measured from the ground to the top of the fronds.
Medium-sized palms are between 5 and 8 feet tall and are measured from the ground to the top of the fronds.
Large palm trees start at 9 feet tall and measured from the ground to the top of the fronds.
Beaked Yucca Palm Tree
Beaked Yucca (Yucca rostrata) is also known as Big Bend Yucca and is native to the Chihuahuan Desert of West Texas and Northern Mexico. Yucca rostrata is a blue-leaved species of the yucca family and one of the most cold tolerant.
A slow-growing plant, Beaked Yucca will grow about 4 inches per year. It will reach an average maximum height of 15-20 feet.
Pricing :
- Small : $400 – $700
- Medium : $700 – $850
Bottle Palm Tree
The Bottle Palm (Hyophorbe lagenicaulis) is native to the Mascarene Islands, which are located in the Indian Ocean just east of Madagascar.
The most distinctive feature of the Bottle Palm is the bulging section of its trunk. This bulging section changes color throughout its life, from gray to green and even purple, and adds flavor and originality to any environment.
The Bottle Palm is very slow-growing. It reaches a maximum average height of nearly 16-20 feet at maturity, but it will take many years to get there.
Pricing:
- Small : $100 – $200
- Medium : $350 – $1000
- Large : $1000 – $1500
Areca Palm Tree
Most people will agree that the Areca palm (Chrysalidocarpus Lutescens) is an excellent palm for indoor use. But it also has multiple uses outdoors. One such example is the use of the areca palm as a natural privacy wall or privacy fence.
The areca palm is native to the islands of Madagascar. The areca does not require much watering but can be affected by overwatering.
The areca palm shares similar traits to the bamboo palm; they have a strong tendency to clump together and grow upward fairly quickly. It reaches a maximum average height of nearly 5 to 10 feet at maturity.
Pricing:
- Small : $70 – $100
- Medium : $250 – $610
Queen Palm Tree
Queen palm tree is native to South America, primarily from Brazil to Argentina. Queen Palm trees are easily found in many landscapes in Florida and California. It’s known for its pale white trunk and leathery evergreen leaves.
The Queen palm tree is used in most subtropical landscapes because of its cost and rapid growth. The leaf stems can reach 5 to 15 feet in length, with each leaf blade approximately 18 to 36 inches long.
Pricing:
- Small : $70 – $180
- Medium : $230 – $490
- Large : $500 – $1700
Banana Tree
The banana tree grows in all tropical and subtropical regions of the world. One of the unique qualities of the banana tree is its ability to develop new shoots from the base of its roots. These new shoots are called suckers or saplings.
The banana palm grows at a moderate rate and can reach a height of 10 to 15 feet. The banana palm can withstand freezing temperatures as long as it is heavily mulched.
Pricing:
- Small : $70 – $160
- Medium : $260 – $520
- Large : $400 – $600
Bird of Paradise
This tropical palm seems to be native to South Africa. It is very similar to the Travelers palm or, more commonly, the banana tree. The Bird of Paradise palm gets its common name from the spectacular flowers it produces, reminiscent of an exotic bird.
The Bird of Paradise palm grows at a moderate rate and can reach a height of 10 to 15 feet.
These exotic plants are also perfect for indoor and outdoor ornamentation. The evergreen leaves of the Bird of Paradise do not fall off the plant, making it a great addition around pools or anywhere leaf loss is an aesthetic and/or maintenance issue.
Pricing:
- Small : $80 – $190
- Medium : $340 – $800
- Large : $800 – $3000
Bamboo Palm Tree
The small bamboo palm (Chamaedorea seifrizii) is native to Southeast Asia but is now found in abundance throughout Central America. The bamboo palm has many other common names such as bamboo palm, reed palm, cluster lounge palm, and cane palm.
It is a tropical palm that does not tolerate cold. It does not like full sun and prefers shady areas. When located in the right environment, the bamboo palm can flourish and bring good luck and prosperity to your home or office.
With the right amount of water, the bamboo palm can grow quickly and reach an average height of 9 to 11 feet.
Pricing:
- Small : $100 – $200
- Medium : $230 – $650
- Large : $800 – $2600
Bismarck Palm Tree
Native to the islands of Madagascar, the Bismarck Palm is a massive, Jurassic tree. The Bismarck Palm will earn your respect as it gracefully lines many large hotels in the southern United States and abroad.
These incredible plants are big, bold, and do their best work in full sun. This means you’ll need to leave them in full display to get the most majestic of all palms. In times of drought or winter frost, the Bismarck Palm often slows its growth to an almost dormant state.
The Bismarck Palm also thrives indoors, but due to its massive size, it usually finds a home outdoors.
The Bismarck Palm can reach a maximum average height of about 60 feet, but only with a lot of time, as it is known for its slow growth and is considered cold hardy to about 20 degrees F.
Pricing:
- Small : $130 – $350
- Medium : $400 – $900
- Large : $900 – $2700
Canary Island Date Palm Tree
Known worldwide as “the Pineapple palm”, the Canary Island palm (Phoenix canariensis) does not produce pineapples. This palm, when young, develops a large bulge with a large green crown. It can give any place a majestic look as it needs full sun to mature properly, so it usually finds its ultimate home outdoors.
The Canary Island Date Palm is very meticulous when it is a small plant, but when it is a mature plant, it offers a more stable and easy maintenance routine. As long as it is watered occasionally and fertilized 3 to 4 times a year.
The Canary Island Date Palm will grow to its massive, majestic size and crown its top with large, dark green leaves 10 to 15 feet long that spiral around the tree to give it its rightful crown.
Pricing:
- Small : $130 – $200
- Medium : $300 – $900
- Large : $900 – $17000
California Fan Palm Tree
The California Fan palm (Washingtonia filifera) is found throughout the Hollywood Skyline in California. When young, the California Fan Palm is easy to care for and looks great indoors and outdoors. It survives best in Mediterranean climates, but can also be found in humid regions such as eastern Australia and the southeastern United States.
It is cold hardy to about 15-23 degrees (F) and can tolerate frost. This California Fan Palm has been classified by the USDA as suitable for hardiness zone 8. Temperatures as low as 14 degrees (F) can cause minor damage, but they can be survived.
California Fan Palm grows at a moderate rate, it can reach an average height of 20 – 40 feet.
Pricing:
- Small : $100 – $250
- Medium : $300 – $800
- Large : $800 – $2500
Christmas Palm Tree
The Christmas Palm, known botanically as Veitchia Merrillii, is a beautiful addition to your home, office, or patio. The Christmas Palm can be used indoors or outdoors. Some unique places are the lobby of an office or home. Around the pool or hot tub, especially in the spring and summer! Or in a more formal setting, like a lobby or reception area.
Originally, the Christmas Palm came from small islands in the Philippines and was soon shipped around the world. Since many countries had different names for this beautiful palm tree, it was given several common names such as the Manila Palm, Kerpis Palm, Adonidia Palm, Royal Dwarf Palm, and Veitchia Palm.
The Christmas Palm is known to reach a maximum average height of 15 to 20 feet and 20 to 25 feet in subtropical rainforest conditions.
Pricing:
- Small : $60 – $150
- Medium : $250 – $580
- Large : $600 – $1600
Cuban Royal Palm Tree
The Cuban royal palm (Roystonea regia), also known as the royal palm, comes directly from the Caribbean islands (Cuba and Honduras). This majestic palm grows best in full sun with moderate watering. It is moderately drought tolerant and can withstand brief cold spells down to 28°F. But it is best grown in frost-free areas where it can thrive.
The Cuban royal palm grows 40 to 60 feet tall and a beautiful crown of pinnate leaves sometimes over 20 feet in diameter.
Pricing:
- Small : $70 – $150
- Medium : $250 – $890
- Large : $900 – $2500
Date Palm Tree (Medjool)
This Medjool date palm tree is more commonly known for its variety of names. Phoenix is the species, Dactylifera is the genus, and Medjool is the variety. There are many varieties in the genus, for example, True Date, Barhi, Deglet Noor, and Zahidi. The Medjool date palm tree is known for its tasty fruits which it produces 2 to 3 times a year.
These date palms reach a height of 40 to 50 feet, they have a moderate growth rate, and they can reach 10 to 15 feet of spacing radius.
Medjool date palms are considered the most cold-hardy of the date palm varieties and can be planted from Florida to Texas, Arizona, New Mexico, and even South Carolina. They are often used near swimming pools, homes, churches, hotels, and also near beaches because the Medjool date palm tolerates saltwater very well. The perfect date palm for any landscape.
Pricing:
- Medium : $300 – $700
- Large : $700 – $10000
Foxtail Palm Tree
The Foxtail palm is the most widely used landscape palm in the world. After being introduced to growers in Florida, the foxtail palm gained unprecedented popularity, leading to the foxtail palm being widely grown commercially throughout the south.
The foxtail palm comes to us from the wonderful continent of Australia. It has gained popularity because it is very durable and tolerates a wide variety of soil conditions. This medium-sized palm is also drought tolerant and very adaptable to many environments. This palm will not only enhance the look of any commercial or residential area, but It will also create a tropical feel in any environment.
The foxtail palm can grow to 20-30 feet in height, it has a moderate to rapid growth rate, so it can become 15-20 feet in radius spacing.
Pricing:
- Small : $70 – $180
- Medium : $190 – $400
- Large : $400 – $3500
Malayan Coconut Palm Tree
The origin of the Malayan coconut palm is unknown, but it is thought to have originated in some parts of Southeast Asia. It is one of the most beautiful palms you can see during a sunset or sunrise. When mature, the Malayan coconut palm produces coconuts for consumption and food.
This palm grows at a moderate rate. It can reach up to 50 feet in height, with a radial spacing of 15 to 20 feet.
Pricing:
- Small : $80 – $200
- Medium : $200 – $600
- Large : $800 – $5000
Dwarf Palmetto Palm Tree
The Sabal minor dwarf palm is a very slow-growing palm that grows low to the ground. Sabal minor, commonly known as Dwarf Palmetto, is one of 14 species of palm trees.
Sabal minor is often planted at the base of larger palms as an accent plant or to protect small animals. They are grown in a wide variety of soil types and do well in sun or even full shade. The slow growth of the dwarf palm makes it extremely cold hardy. It can tolerate temperatures below -10 degrees F.
The minor sabal is a plant native to much of the east coast of the United States. Usually stemless, the leaves come from an underground stump. The leaves of the dwarf palm are longer and can grow up to 12 feet wide and 12 feet tall.
Pricing:
- Small : $70 – $400
Dwarf Carolina Palmetto Tree
The Sabal Minor (Dwarf Carolina) palm will survive a lifetime of growth. This small, extremely cold-hardy palm is a great addition to any home.
The Carolina dwarf palm has gained popularity because it is very durable and tolerates a wide variety of soil and weather conditions. Whether it’s standing water, strong winds, saltwater, or saltwater winds.
Pricing:
- Small : $80 – $300
Dwarf Sugar Palm Tree
The exotic and tropical Formosa Palm is one of the most adaptable palms in zones 8b to 11a. The Formosa Palm radiates tropical beauty and is also known as the Taiwan Sugar Palm.
This bushy palm rarely grows to 8 to 10 ft tall with a spread of about 16 FT if allowed. In its native habitat, the Formosa Palm enjoys moist soils and tolerates poor soils that have good drainage.
This rare palm is grown in coastal areas and is the most pest-free palm in cultivation. The Formosa Palm is an excellent container palm because it grows so slowly that it will not outgrow its pot or space.
Pricing:
- Small : $110 – $300
Fiji Fan Palm Tree
The Fiji Fan Palm is an exotic palm and is considered a difficult palm to find. When small, the Fiji Fan Palm needs to be watered daily and protected from the cold. Ideally, the Fiji Fan Palm is best suited for indoor areas or shaded areas until it reaches full maturity.
The Fiji Fan Palm is slow-growing and can reach a height of 30 feet, but it will take several years to do so. The Fiji Fan Palm is a great indoor or outdoor palm that can take you to the Pacific Islands. It will be a great addition to any home, office or landscape. It will give a tropical feel at a low cost.
Pricing:
- Small : $160 – $500
Japanese Fiber Banana Palm Tree
Musa Basjoo is a green palm-like plant and is the most cold-hardy banana species. The Japanese Fiber banana is known to survive in climates as cold as southern Ontario, Canada, central New England, and the northern border states of the American Midwest, such as Michigan and Wisconsin.
It is cold hardy, planted in the ground down to -5F and with a protective mulch, down to -25F. With its banana leaves extending up to 6-8 feet long on a plant that grows 15-20 feet in a single season, it won’t go unnoticed.
Even though it is cut to the ground during cold winters to ensure its survival, the hardiest of banana species comes back undeterred, reaching up to 15-20 feet tall. Its inflorescence is one of the most beautiful of all bananas. It has become popular with gardeners over the past decade because of its fast growth, tropical appearance, and ease of care.
Pricing:
- Small : $100 – $250
Joey Palm Tree
The Joey palm is exotic and rare. This palm tree is native to Southeast Asia. It’s also known as the Diamond Joey Palm and is classified as a medium-sized, trunkless palm with large, undivided leaves that can be up to 20 feet in length.
This exotic and rare palm does best in a warm sheltered area along with well-draining soil. However, It’s cold tolerant to about 25-30 degrees F. The root system is very sensitive to the cold and should be protected if temperatures drop below freezing. It can also tolerate light shade, to partial shade, to full shade. Ideally, this palm should be spaced apart from 4-6 feet.
This palm tree will make a great addition to any home office or landscape. It’s known to make any area or landscape feel much more tropical with little cost.
Pricing:
- Small : $250 – $800
Cardboard Palm Tree
The Cardboard Palm Tree (Zamia furfuracea) is from the country of Mexico but is not a palm tree. It has many common names such as Cardboard Palm, Cardboard Plant, Cardboard Sago, Cardboard Cycad, and Mexican Cycad.
The Cardboard Palm Tree is a palm-like plant that is used for wonderful looking under-growth for large palm trees. It’s easily maintained and grows to a maximum height of around 4-6 feet tall. It is slow-growing and can be considered cold-hardy because it is known to handle temperatures down to 25 degrees F.
It makes a great indoor plant or our door plant. Usually planted as shrubs, the Cardboard Palm Tree can also make a great centerpiece. It adds a little lush vegetation to any area with little cost.
Pricing:
- Small : $70 – $110
- Medium : $150 – $600
White Elephant Palm Tree
This unique palm is known as The White Elephant Palm because of the white color of the underside of each leaf which is almost entirely white. This graceful palm grows as an understory palm, native to a small island called Phuket Island off the coast of Thailand.
The White Elephant Palm should be grown in partial to full shade areas with warm tropical or subtropical environments. It tolerates temperatures as low as 29 to 32 degrees F. For best results, White Elephant Palm should be kept out of the wind, likes rich, well-drained soil. White Elephant Palm can grow up to 15 feet tall and its mature leaves can grow up to 6 feet wide. The leaf petiole of this rare palm is also very dark in color, sometimes black, creating nice color contrast.
Pricing:
- Small : $200 – $900
Ponytail Palm Tree
The easiest growing indoor home palm or plant. The ponytail palm is a natural masterpiece that can be easily grown indoors. Many are surprised to learn that the ponytail palm is not a palm tree, but a lily plant, which belongs to the lily family. Native to Mexico, the ponytail palm gets its name from the unique foliage it produces on a single trunk with a bulging base.
This palm can reach heights of 15 to 20 feet, but it usually grows to a height of about 10 feet at a very slow rate. When young, the ponytail palm is a charming palm that does not require much care. The swollen base of the trunk is a water retention area for dry periods, which usually happens in a busy schedule.
Pricing:
- Small : $80 – $300
- Medium : $350 – $1500
Needle Palm Tree
Soon to be a rare, Needle Palm (Rhapidophyllum Hystrix) is a shrub-like clumping understory palm with deep green leaves. The trunk-less Needle Palm gets its common name from the protecting long sharp needles arising from the fiber at the bases of the leaves.
A mature needle palm can grow up to 12 feet tall and wide. It holds the record for the cold-hardiest palm tree as mature plants have been reported to handle temperatures to -15 to -20°F. This palm tree also has a fiber husk that protects the palm from cold winter weather conditions much like the Windmill Palm and also the European Fan Palm.
Pricing:
- Small : $180 – $600
- Medium : $650- $900
How Much Does It Cost to Plant a Palm Tree?
If you don’t want to plant the palm tree by yourself, you can hire a landscaping company, but this is quite expensive. The cost of installing on your property can vary, it’s usually about $100 for a small palm, $200 for a medium palm tree, and over $400 for a large one. The price generally includes labor, delivery, equipment, and supplies (soil mix, mulch, cement).
If you are considering planting your palm tree yourself, here are some tips to know:
- Choosing carefully the location where you want to plant your palm tree, you should not install it too close to a fence line, house, or even power lines.
- It is always best to consider a location with full sun, as some species need a full sun day.
- For the first few months after planting your palm tree, you should water the roots at least once a day to make sure the soil is moist around the palm tree base. After that, a few waterings per month will be sufficient.
How Much Does It Cost to Take Care of a Palm Tree (Trimming, Fertilizing...)?
Once your tree has settled into the ground, you must pay for its care and maintenance. Palm tree maintenance involves pruning and fertilizing your palm tree twice a year.
As they grow, you will likely need a professional to do the work, as it is dangerous to do it yourself. The price of this service can range from $45 to $1200, with the average being $75.
For medium-sized palm trees, you can expect to pay between $75 and $400, and for large ones, the price can vary up to $1200. If you prune your palms regularly, it will be cheaper. However, if they have been standing for a long time and the tree needs a lot of work, it will cost more.
Fertilizers are recommended to keep palms growing at a healthy rate. They can cost between $10 and $22 per package.
How Much Does It Cost to Plant and Care of a Palm Tree (Outline)
In this table, we will present the average of all the costs, for the installation of a new palm tree by size.
| Palm tree size | Average Buying price | Average Planting cost | Average Maintaining cost | Average Total cost |
|---|---|---|---|---|
|
Small |
$218 |
$100 |
$70 |
$288 |
|
Medium |
$538 |
$200 |
$300 |
$1038 |
|
Large |
$2450 |
$500 |
$1300 |
$4250 |
How Much Does It Cost to Remove a Palm Tree?
Since you know how much it costs to install a palm tree in your landscape, it is time to get the price of removing it. For whatever reason, you should know that several factors contribute to the cost of removing a palm tree.
The height of the palm tree, its proximity to other trees, its diameter, and any obstacle will increase the final cost. On average, it costs between $200 and $500 to cut down a palm tree up to 30 feet tall. If, on the other hand, the tree is very tall (50 to 60 feet), you may have to spend between $1000 and $2000 to remove it.