Cost of living in Pinewood 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 Pinewood 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 Pinewood is 95, with 100 being the average.
The cost of living index in Pinewood is 0.9x lower than the national average.
Pinewood ranks as the #164 cheapest in Florida out of 459.
Pinewood ranks as the #2,449 cheapest out of 6,412 in the US.
The median home value in Pinewood is $231,100.
The median income in Pinewood is $40,294.
According to the most recent data on the cost of living, Pinewood has an overall cost of living index of 95, which is 0.9x lower than the national index of 100.
Compared to Florida, Pinewood has a cost of living index that's 0.9x lower than Florida's index of 101.
The standard of living in Pinewood ranks as #164 most affordable out of the 459 places we measured in Florida. By definition, that implies Pinewood ranks as the #295 most expensive place in the Sunshine State.
For more reading on life in Pinewood, check out:
Six factors go into calculating the cost of living index in Pinewood. Here is how it fairs on each of the criteria:
The Services index in Pinewood is 103.
The Groceries index in Pinewood is 119.
The Health index in Pinewood is 105.
The Housing index in Pinewood is 76.
The Transportation index in Pinewood is 107.
The Utilities index in Pinewood is 101.
Living Expense | Pinewood | Florida | National Average | |
---|---|---|---|---|
Overall | 95 | 101 | 100 | |
Services | 103 | 98 | 100 | |
Groceries | 119 | 101 | 100 | |
Health | 105 | 96 | 100 | |
Housing | 76 | 108 | 100 | |
Transportation | 107 | 98 | 100 | |
Utilities | 101 | 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 Pinewood is $231,100.
The Median Rent in Pinewood is $1,249.
The Median Income in Pinewood is $40,294.
The Home Value To Income in Pinewood is 5.7x.
The Rent To Monthly Income in Pinewood is 0.37x.
Statistic | Pinewood | Florida | United States |
---|---|---|---|
Median Home Value | $231,100 | $248,700 | $244,900 |
Median Rent | $1,249 | $1,301 | $1,163 |
Median Income | $40,294 | $61,777 | $69,021 |
Home Value To Income | 5.7x | 4.0x | 3.5x |
Rent To Monthly Income | 0.37x | 0.25x | 0.2x |
The cost of living varies in the cities and towns around Pinewood. 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 Pinewood.
Weston, FL has a cost of living index of 137, 1.4x Pinewood.
North Miami, FL has a cost of living index of 100, 1.1x Pinewood.
City | Population | Cost Of Living | Vs. Pinewood |
---|---|---|---|
Pembroke Pines, FL | 170,346 | 113 | 1.2x |
Weston, FL | 68,148 | 137 | 1.4x |
North Miami, FL | 60,449 | 100 | 1.1x |
Tamiami, FL | 54,525 | 116 | 1.2x |
Kendale Lakes, FL | 53,392 | 108 | 1.1x |
Coral Gables, FL | 49,269 | 164 | 1.7x |
Golden Glades, FL | 33,930 | 101 | 1.1x |
West Little River, FL | 33,284 | 95 | 1.0x |
Miami Lakes, FL | 30,582 | 125 | 1.3x |
Coral Terrace, FL | 25,869 | 117 | 1.2x |