There is a great number of palm trees all over the world. There are over 20,000 different varieties of palm trees. However, for ease of classification, these palm tree species can be further segmented into a few main types of palms. This classification is based on features such as the shape of their trunks, the leaf structure, the flower buds, tolerance to cold and so on. Most palms grow in warm climate although some varieties can survive even very low temperatures.

Palms are of very high economical value albeit in increasingly different ways. For ages they have provided a great part of the necessities of life for humans living in tropical areas. Within rainforests and around their borders, whole communities have depended on palms for means of their livelihood.

Palms are also extensively planted for beautification purposes in warm regions or indoors when a tropical effect is desired.  A huge number of the species are used as ornamentals in outdoor gardens also as palm trees add tropical allure to any homestead.

How Much Are Palm Trees?

A palm tree’s cost varies based on some specific factors majorly the size and species and largely depends on what you’re interested in. If you want to purchase a palm tree, it necessary to have a financial plan as it will prove quite useful in ensuring that you have some basics laid out before you start shopping.

It is important to note how many palm trees you want to procure, if the palms are meant for indoor or outdoor purposes, the species of the palm trees you are interested in getting and how large you want the palm trees to be. All this information will enable you to accurately create a landscaping budget.

Palm Tree Cost

Some of the most common palm tree species are included below with their cost specifications.

Bottle Palm

This is a dwarf palm and grows up to at least 10 feet in height. The bottle palm is pegged at $60 for the small size, $250 for the medium sizes and about $880 for the larger sizes.

Canary Island Palm

This is a very large palm that can grow up to 70 feet tall and as wide as 25 feet. It can be purchased for a sum of $15 for the 12-inch variety, $40 for the 24 inches, $100 for 36 inches, $175 for 48 inches and $275 for 72 inches.

Areca Palm

This Palm can grow to reach heights of 20 feet and up to 10 feet in diameter. It is usually wider at the top. This palm sells for $30 for a standard size.

Dwarf Date Palm

Found in Asia, this palm can grow up to 12 feet tall. It can be purchased at $15 for 8 inches, $22 for 16 inches and $55 for 36 inches.

Dwarf Palmetter

This cold tolerant palm can grow up to 12 feet tall. It has a rich green leaf and can withstand extreme cold. It can be gotten at $15 for 8 inches, $90 for 24 inches and $200 for 36 inches on the market.

European Fan Palm

Native to Europe, this palm tree can withstand cold climate and is known for its green leaves. It can grow up to 10 feet tall. It sells at $13 for 12 inches, $70 for 36 inches and $200 for 60 inches

Foxtail Palm

Grows up to 60 feet tall, 12 feet wide and can withstand arid areas. It is easy to grow and will require a lot of sun. It sells at $65 for a standard size.

Lady Palm

The dark glossy leaves are perfect for indoor settings. This tree grows up to 14 feet tall. It sells at $45 for 12 inches, $80 for 36 inches and $120 for 60 inches.

Mediterranean Fan Palm

This palm is shaped like a triangle and grows about 24 inches wide and up to 15 feet tall. It grows slower than most other palms.       It sells at $50 for a standard size.

Needle Palm

This palm is one of the most cold-tolerant in the world as it can withstand temperatures well below freezing point. This palm has a needle-like trunk and bristles all around. It grows up to 10 feet tall. It sells at $35 for 12 inches, $225 for 36 inches and $525 for 60 inches.

Phoenix Palm

This palm tree that can grow up to 75 feet. It sells at $50 for a standard size.

Pindo Palm

This drought-tolerant palm tree grows up to about 20 feet tall and is known for its large cluster of orange fruits. It sells at $13 for 12 inches, $40 for 24 inches, $175 for 60 inches and $300 for 72 inches.

Pineapple Palm

This is a robust palm with the shape of a pineapple. It grows slowly, forming a large trunk with fronds rising from the ground. It sells at $30 for a standard size.

Queen Palm

This is one of the most popular palm trees found in most yards. This tree requires very little maintenance and grows up to 50 feet. It sells at $50 for a standard size

Rhapis Palm

This palm has a bamboo-like appearance. It can make a great alternative to shrubs or a bush and sells at $50 for a standard size

Sabal Palm

These palms can be very resilient albeit very slow to grow. It sells at $20 for 24 inches.

Sago Palm

This is one of the slowest growing palms although it grows symmetrically. It can take over as much as 100 years to reach 20 feet in height. It sells at $20 for 12 inches, $104 for 24 inches and $200 for 36 inches older than 7 years old.

Saw Palmetto

This palm tree can grow up to 15 feet. It sells at $30 for 8 inches, $105 for 14 inches and $225 for 26 inches.

Silver Saw Palm

This is a very rare palm on the market. It grows slowly and often in containers. It sells at $30 for 8 inches, $105 for 16 inches and $225 for 26 inches.

Sylvester Palm

This palm reaches as high as 40 feet, its known for its silvery green leaves. It sells at $15 for 12 inches, $40 for 24 inches, $175 for 48 inches and $300 for 72 inches. In purchasing a palm tree it is advisable to contract a landscaping agency to help with the procurement and planting so as to avoid costly mistakes and undue stress.

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If you’d like to know more about palm tree shaving tools, feel free to read it here.