Fort Lauderdale, FL Cost Of Living
Cost Of Living In Fort Lauderdale, FL Summary
Cost of living in Fort Lauderdale 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 Fort Lauderdale 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 Fort Lauderdale is 113, with 100 being the average.
The cost of living index in Fort Lauderdale is 1.1x higher than the national average.
Fort Lauderdale ranks as the #369 cheapest in Florida out of 459.
Fort Lauderdale ranks as the #4,363 cheapest out of 6,412 in the US.
The median home value in Fort Lauderdale is $364,100.
The median income in Fort Lauderdale is $66,994.
Table Of Contents
Fort Lauderdale's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Fort Lauderdale, FL?
According to the most recent data on the cost of living, Fort Lauderdale has an overall cost of living index of 113, which is 1.1x higher than the national index of 100.
Compared to Florida, Fort Lauderdale has a cost of living index that's 1.1x higher than Florida's index of 101.
The standard of living in Fort Lauderdale ranks as #369 most affordable out of the 459 places we measured in Florida. By definition, that implies Fort Lauderdale ranks as the #90 most expensive place in the Sunshine State.
For more reading on life in Fort Lauderdale, check out:
- Living In Fort Lauderdale
- Fort Lauderdale Crime Report
- Search Homes For Sale In Fort Lauderdale, FL
In Florida
In America
Fort Lauderdale Cost Of Living Vs. Florida
Six factors go into calculating the cost of living index in Fort Lauderdale. Here is how it fairs on each of the criteria:
The Services index in Fort Lauderdale is 101.
The Groceries index in Fort Lauderdale is 119.
The Health index in Fort Lauderdale is 105.
The Housing index in Fort Lauderdale is 141.
The Transportation index in Fort Lauderdale is 112.
The Utilities index in Fort Lauderdale is 98.
| Living Expense | Fort Lauderdale | Florida | National Average | |
|---|---|---|---|---|
| Overall | 113 | 101 | 100 | |
| Services | 101 | 98 | 100 | |
| Groceries | 119 | 101 | 100 | |
| Health | 105 | 96 | 100 | |
| Housing | 141 | 108 | 100 | |
| Transportation | 112 | 98 | 100 | |
| Utilities | 98 | 100 | 100 | |
Fort Lauderdale, 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 Fort Lauderdale is $364,100.
The Median Rent in Fort Lauderdale is $1,431.
The Median Income in Fort Lauderdale is $66,994.
The Home Value To Income in Fort Lauderdale is 5.4x.
The Rent To Monthly Income in Fort Lauderdale is 0.26x.
| Statistic | Fort Lauderdale | Florida | United States |
|---|---|---|---|
| Median Home Value | $364,100 | $248,700 | $244,900 |
| Median Rent | $1,431 | $1,301 | $1,163 |
| Median Income | $66,994 | $61,777 | $69,021 |
| Home Value To Income | 5.4x | 4.0x | 3.5x |
| Rent To Monthly Income | 0.26x | 0.25x | 0.2x |
Median Home Value
Median Rent
Median Income
Fort Lauderdale, FL Costs By Category
Detailed Fort Lauderdale Services Costs Vs. Florida
| Item | Fort Lauderdale | Florida |
|---|---|---|
| Shampoo | $1.07 | $1.06 |
| Movie | $11.82 | $10.68 |
| Bowling | $20.88 | $14.67 |
| Haircut | $14.47 | $18.62 |
| Beauty Salon | $65.03 | $39.05 |
Detailed Fort Lauderdale Groceries Costs Vs. Florida
| Item | Fort Lauderdale | Florida |
|---|---|---|
| Ground Beef | $4.66 | $4.22 |
| Fried Chicken | $1.62 | $1.39 |
| Milk | $2.96 | $2.05 |
| Potatoes | $4.99 | $3.29 |
| Pizza | $8.99 | $10.62 |
| Beer | $10.84 | $9.38 |
| Toothpaste | $2.04 | $2.34 |
Detailed Fort Lauderdale Health Costs Vs. Florida
| Item | Fort Lauderdale | Florida |
|---|---|---|
| Optometrist | $135.56 | $108.57 |
| Doctor | $102.25 | $116.17 |
| Dentist | $106.04 | $99.13 |
Detailed Fort Lauderdale Transportation Costs Vs. Florida
| Item | Fort Lauderdale | Florida |
|---|---|---|
| Gasoline | $2.24 | $2.22 |
| Tire Balancing | $63.76 | $50.07 |
Detailed Fort Lauderdale Utilities Costs Vs. Florida
| Item | Fort Lauderdale | Florida |
|---|---|---|
| All Electricity | $162.2 | $167.67 |
| Phone | $188.17 | $175.64 |
Fort Lauderdale SnackAbility
/10
Cost Of Living In Cities Around Fort Lauderdale
The cost of living varies in the cities and towns around Fort Lauderdale. 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 Fort Lauderdale.
Coral Springs, FL has a cost of living index of 121, 1.1x Fort Lauderdale.
Davie, FL has a cost of living index of 111, 1.0x Fort Lauderdale.
| City | Population | Cost Of Living | Vs. Fort Lauderdale |
|---|---|---|---|
| Pembroke Pines, FL | 170,346 | 113 | 1.0x |
| Coral Springs, FL | 133,693 | 121 | 1.1x |
| Davie, FL | 104,782 | 111 | 1.0x |
| Boca Raton, FL | 95,347 | 128 | 1.1x |
| Weston, FL | 68,148 | 137 | 1.2x |
| Coconut Creek, FL | 57,553 | 103 | 0.9x |
| Oakland Park, FL | 44,092 | 104 | 0.9x |
| Lauderdale Lakes, FL | 35,898 | 94 | 0.8x |
| Parkland, FL | 33,772 | 154 | 1.4x |
| Miami Lakes, FL | 30,582 | 125 | 1.1x |
