Cost of living in Ives Estates 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 Ives Estates 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 Ives Estates is 97, with 100 being the average.
The cost of living index in Ives Estates is 1.0x lower than the national average.
Ives Estates ranks as the #203 cheapest in Florida out of 459.
Ives Estates ranks as the #2,747 cheapest out of 6,412 in the US.
The median home value in Ives Estates is $197,700.
The median income in Ives Estates is $60,956.
According to the most recent data on the cost of living, Ives Estates has an overall cost of living index of 97, which is 1.0x lower than the national index of 100.
Compared to Florida, Ives Estates has a cost of living index that's 1.0x lower than Florida's index of 101.
The standard of living in Ives Estates ranks as #203 most affordable out of the 459 places we measured in Florida. By definition, that implies Ives Estates ranks as the #256 most expensive place in the Sunshine State.
For more reading on life in Ives Estates, check out:
Six factors go into calculating the cost of living index in Ives Estates. Here is how it fairs on each of the criteria:
The Services index in Ives Estates is 101.
The Groceries index in Ives Estates is 116.
The Health index in Ives Estates is 105.
The Housing index in Ives Estates is 87.
The Transportation index in Ives Estates is 108.
The Utilities index in Ives Estates is 97.
Living Expense | Ives Estates | Florida | National Average | |
---|---|---|---|---|
Overall | 97 | 101 | 100 | |
Services | 101 | 98 | 100 | |
Groceries | 116 | 101 | 100 | |
Health | 105 | 96 | 100 | |
Housing | 87 | 108 | 100 | |
Transportation | 108 | 98 | 100 | |
Utilities | 97 | 100 | 100 |
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 Ives Estates is $197,700.
The Median Rent in Ives Estates is $1,670.
The Median Income in Ives Estates is $60,956.
The Home Value To Income in Ives Estates is 3.2x.
The Rent To Monthly Income in Ives Estates is 0.33x.
Statistic | Ives Estates | Florida | United States |
---|---|---|---|
Median Home Value | $197,700 | $248,700 | $244,900 |
Median Rent | $1,670 | $1,301 | $1,163 |
Median Income | $60,956 | $61,777 | $69,021 |
Home Value To Income | 3.2x | 4.0x | 3.5x |
Rent To Monthly Income | 0.33x | 0.25x | 0.2x |
Item | Ives Estates | 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 |
Item | Ives Estates | 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 |
Item | Ives Estates | Florida |
---|---|---|
Optometrist | $135.56 | $108.57 |
Doctor | $102.25 | $116.17 |
Dentist | $106.04 | $99.13 |
Item | Ives Estates | Florida |
---|---|---|
Gasoline | $2.24 | $2.22 |
Tire Balancing | $63.76 | $50.07 |
Item | Ives Estates | Florida |
---|---|---|
All Electricity | $162.2 | $167.67 |
Phone | $188.17 | $175.64 |
The cost of living varies in the cities and towns around Ives Estates. 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, 1.2x Ives Estates.
Miami Gardens, FL has a cost of living index of 102, 1.1x Ives Estates.
Davie, FL has a cost of living index of 111, 1.1x Ives Estates.
City | Population | Cost Of Living | Vs. Ives Estates |
---|---|---|---|
Pembroke Pines, FL | 170,346 | 113 | 1.2x |
Miami Gardens, FL | 111,706 | 102 | 1.1x |
Davie, FL | 104,782 | 111 | 1.1x |
Weston, FL | 68,148 | 137 | 1.4x |
Tamiami, FL | 54,525 | 116 | 1.2x |
Coral Gables, FL | 49,269 | 164 | 1.7x |
North Miami Beach, FL | 43,357 | 101 | 1.0x |
Hallandale Beach, FL | 41,004 | 102 | 1.1x |
Aventura, FL | 39,734 | 122 | 1.3x |
Golden Glades, FL | 33,930 | 101 | 1.0x |