Coral Terrace, FL Cost Of Living
Cost Of Living In Coral Terrace, FL Summary
Cost of living in Coral Terrace research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Coral Terrace is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Florida, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Coral Terrace is 117, with 100 being the average.
The cost of living index in Coral Terrace is 1.2x higher than the national average.
Coral Terrace ranks as the #399 cheapest in Florida out of 459.
Coral Terrace ranks as the #4,628 cheapest out of 6,412 in the US.
The median home value in Coral Terrace is $390,400.
The median income in Coral Terrace is $67,942.
Table Of Contents
Coral Terrace's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Coral Terrace, FL?
According to the most recent data on the cost of living, Coral Terrace has an overall cost of living index of 117, which is 1.2x higher than the national index of 100.
Compared to Florida, Coral Terrace has a cost of living index that's 1.2x higher than Florida's index of 101.
The standard of living in Coral Terrace ranks as #399 most affordable out of the 459 places we measured in Florida. By definition, that implies Coral Terrace ranks as the #60 most expensive place in the Sunshine State.
For more reading on life in Coral Terrace, check out:
- Living In Coral Terrace
- Search Homes For Sale In Coral Terrace, FL
In Florida
In America
Coral Terrace Cost Of Living Vs. Florida
Six factors go into calculating the cost of living index in Coral Terrace. Here is how it fairs on each of the criteria:
The Services index in Coral Terrace is 103.
The Groceries index in Coral Terrace is 116.
The Health index in Coral Terrace is 104.
The Housing index in Coral Terrace is 142.
The Transportation index in Coral Terrace is 109.
The Utilities index in Coral Terrace is 100.
| Living Expense | Coral Terrace | Florida | National Average | |
|---|---|---|---|---|
| Overall | 117 | 101 | 100 | |
| Services | 103 | 98 | 100 | |
| Groceries | 116 | 101 | 100 | |
| Health | 104 | 96 | 100 | |
| Housing | 142 | 108 | 100 | |
| Transportation | 109 | 98 | 100 | |
| Utilities | 100 | 100 | 100 | |
Coral Terrace, FL Housing Cost Breakdown
Housing swings affordability the most between places in Florida, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Coral Terrace is $390,400.
The Median Rent in Coral Terrace is $1,525.
The Median Income in Coral Terrace is $67,942.
The Home Value To Income in Coral Terrace is 5.7x.
The Rent To Monthly Income in Coral Terrace is 0.27x.
| Statistic | Coral Terrace | Florida | United States |
|---|---|---|---|
| Median Home Value | $390,400 | $248,700 | $244,900 |
| Median Rent | $1,525 | $1,301 | $1,163 |
| Median Income | $67,942 | $61,777 | $69,021 |
| Home Value To Income | 5.7x | 4.0x | 3.5x |
| Rent To Monthly Income | 0.27x | 0.25x | 0.2x |
Median Home Value
Median Rent
Median Income
Coral Terrace, FL Costs By Category
Detailed Coral Terrace Services Costs Vs. Florida
| Item | Coral Terrace | Florida |
|---|---|---|
| Shampoo | $1.11 | $1.06 |
| Movie | $13.23 | $10.68 |
| Bowling | $22.13 | $14.67 |
| Haircut | $14.37 | $18.62 |
| Beauty Salon | $70.0 | $39.05 |
Detailed Coral Terrace Groceries Costs Vs. Florida
| Item | Coral Terrace | Florida |
|---|---|---|
| Ground Beef | $4.27 | $4.22 |
| Fried Chicken | $1.73 | $1.39 |
| Milk | $3.16 | $2.05 |
| Potatoes | $3.86 | $3.29 |
| Pizza | $9.1 | $10.62 |
| Beer | $10.98 | $9.38 |
| Toothpaste | $1.87 | $2.34 |
Detailed Coral Terrace Health Costs Vs. Florida
| Item | Coral Terrace | Florida |
|---|---|---|
| Optometrist | $105.63 | $108.57 |
| Doctor | $111.06 | $116.17 |
| Dentist | $107.78 | $99.13 |
Detailed Coral Terrace Transportation Costs Vs. Florida
| Item | Coral Terrace | Florida |
|---|---|---|
| Gasoline | $2.24 | $2.22 |
| Tire Balancing | $60.69 | $50.07 |
Detailed Coral Terrace Utilities Costs Vs. Florida
| Item | Coral Terrace | Florida |
|---|---|---|
| All Electricity | $162.18 | $167.67 |
| Phone | $188.17 | $175.64 |
Coral Terrace SnackAbility
/10
Cost Of Living In Cities Around Coral Terrace
The cost of living varies in the cities and towns around Coral Terrace. Here's a quick look at the cost of living in the most populous nearby places:
Pembroke Pines, FL has a cost of living index of 113, 1.0x Coral Terrace.
Fountainebleau, FL has a cost of living index of 103, 0.9x Coral Terrace.
Tamiami, FL has a cost of living index of 116, 1.0x Coral Terrace.
| City | Population | Cost Of Living | Vs. Coral Terrace |
|---|---|---|---|
| Pembroke Pines, FL | 170,346 | 113 | 1.0x |
| Fountainebleau, FL | 57,957 | 103 | 0.9x |
| Tamiami, FL | 54,525 | 116 | 1.0x |
| Westchester, FL | 54,238 | 116 | 1.0x |
| Kendale Lakes, FL | 53,392 | 108 | 0.9x |
| Coral Gables, FL | 49,269 | 164 | 1.4x |
| Richmond West, FL | 37,626 | 117 | 1.0x |
| Miami Lakes, FL | 30,582 | 125 | 1.1x |
| The Crossings, FL | 22,382 | 116 | 1.0x |
| Country Walk, FL | 18,627 | 122 | 1.0x |
