Parkland, FL Cost Of Living
Cost Of Living In Parkland, FL Summary
Cost of living in Parkland 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 Parkland 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 Parkland is 154, with 100 being the average.
The cost of living index in Parkland is 1.5x higher than the national average.
Parkland ranks as the #448 cheapest in Florida out of 459.
Parkland ranks as the #5,915 cheapest out of 6,412 in the US.
The median home value in Parkland is $655,300.
The median income in Parkland is $174,295.
Table Of Contents
Parkland's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Parkland, FL?
According to the most recent data on the cost of living, Parkland has an overall cost of living index of 154, which is 1.5x higher than the national index of 100.
Compared to Florida, Parkland has a cost of living index that's 1.5x higher than Florida's index of 101.
The standard of living in Parkland ranks as #448 most affordable out of the 459 places we measured in Florida. By definition, that implies Parkland ranks as the #11 most expensive place in the Sunshine State.
For more reading on life in Parkland, check out:
- Living In Parkland
- Parkland Crime Report
- Search Homes For Sale In Parkland, FL
In Florida
In America
Parkland Cost Of Living Vs. Florida
Six factors go into calculating the cost of living index in Parkland. Here is how it fairs on each of the criteria:
The Services index in Parkland is 98.
The Groceries index in Parkland is 118.
The Health index in Parkland is 102.
The Housing index in Parkland is 272.
The Transportation index in Parkland is 111.
The Utilities index in Parkland is 100.
| Living Expense | Parkland | Florida | National Average | |
|---|---|---|---|---|
| Overall | 154 | 101 | 100 | |
| Services | 98 | 98 | 100 | |
| Groceries | 118 | 101 | 100 | |
| Health | 102 | 96 | 100 | |
| Housing | 272 | 108 | 100 | |
| Transportation | 111 | 98 | 100 | |
| Utilities | 100 | 100 | 100 | |
Parkland, 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 Parkland is $655,300.
The Median Rent in Parkland is $2,592.
The Median Income in Parkland is $174,295.
The Home Value To Income in Parkland is 3.8x.
The Rent To Monthly Income in Parkland is 0.18x.
| Statistic | Parkland | Florida | United States |
|---|---|---|---|
| Median Home Value | $655,300 | $248,700 | $244,900 |
| Median Rent | $2,592 | $1,301 | $1,163 |
| Median Income | $174,295 | $61,777 | $69,021 |
| Home Value To Income | 3.8x | 4.0x | 3.5x |
| Rent To Monthly Income | 0.18x | 0.25x | 0.2x |
Median Home Value
Median Rent
Median Income
Parkland, FL Costs By Category
Detailed Parkland Services Costs Vs. Florida
Detailed Parkland Groceries Costs Vs. Florida
Detailed Parkland Health Costs Vs. Florida
Detailed Parkland Transportation Costs Vs. Florida
Detailed Parkland Utilities Costs Vs. Florida
Parkland SnackAbility
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Cost Of Living In Cities Around Parkland
The cost of living varies in the cities and towns around Parkland. Here's a quick look at the cost of living in the most populous nearby places:
Coral Springs, FL has a cost of living index of 121, 0.8x Parkland.
Pompano Beach, FL has a cost of living index of 100, 0.6x Parkland.
Davie, FL has a cost of living index of 111, 0.7x Parkland.
| City | Population | Cost Of Living | Vs. Parkland |
|---|---|---|---|
| Coral Springs, FL | 133,693 | 121 | 0.8x |
| Pompano Beach, FL | 111,423 | 100 | 0.6x |
| Davie, FL | 104,782 | 111 | 0.7x |
| Boca Raton, FL | 95,347 | 128 | 0.8x |
| Deerfield Beach, FL | 86,062 | 97 | 0.6x |
| Tamarac, FL | 71,140 | 100 | 0.6x |
| Weston, FL | 68,148 | 137 | 0.9x |
| Margate, FL | 58,331 | 98 | 0.6x |
| Coconut Creek, FL | 57,553 | 103 | 0.7x |
| North Lauderdale, FL | 44,579 | 96 | 0.6x |
