Cost of living in West Park 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 West Park 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 West Park is 101, with 100 being the average.
The cost of living index in West Park is 1.0x higher than the national average.
West Park ranks as the #268 cheapest in Florida out of 459.
West Park ranks as the #3,263 cheapest out of 6,412 in the US.
The median home value in West Park is $251,300.
The median income in West Park is $52,102.
According to the most recent data on the cost of living, West Park has an overall cost of living index of 101, which is 1.0x higher than the national index of 100.
Compared to Florida, West Park has a cost of living index that's 1.0x lower than Florida's index of 101.
The standard of living in West Park ranks as #268 most affordable out of the 459 places we measured in Florida. By definition, that implies West Park ranks as the #191 most expensive place in the Sunshine State.
For more reading on life in West Park, check out:
Six factors go into calculating the cost of living index in West Park. Here is how it fairs on each of the criteria:
The Services index in West Park is 100.
The Groceries index in West Park is 117.
The Health index in West Park is 105.
The Housing index in West Park is 91.
The Transportation index in West Park is 111.
The Utilities index in West Park is 101.
Living Expense | West Park | Florida | National Average | |
---|---|---|---|---|
Overall | 101 | 101 | 100 | |
Services | 100 | 98 | 100 | |
Groceries | 117 | 101 | 100 | |
Health | 105 | 96 | 100 | |
Housing | 91 | 108 | 100 | |
Transportation | 111 | 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 West Park is $251,300.
The Median Rent in West Park is $1,455.
The Median Income in West Park is $52,102.
The Home Value To Income in West Park is 4.8x.
The Rent To Monthly Income in West Park is 0.34x.
Statistic | West Park | Florida | United States |
---|---|---|---|
Median Home Value | $251,300 | $248,700 | $244,900 |
Median Rent | $1,455 | $1,301 | $1,163 |
Median Income | $52,102 | $61,777 | $69,021 |
Home Value To Income | 4.8x | 4.0x | 3.5x |
Rent To Monthly Income | 0.34x | 0.25x | 0.2x |
The cost of living varies in the cities and towns around West Park. 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, 1.1x West Park.
Hollywood, FL has a cost of living index of 104, 1.0x West Park.
Miami Gardens, FL has a cost of living index of 102, 1.0x West Park.
City | Population | Cost Of Living | Vs. West Park |
---|---|---|---|
Pembroke Pines, FL | 170,346 | 113 | 1.1x |
Hollywood, FL | 152,597 | 104 | 1.0x |
Miami Gardens, FL | 111,706 | 102 | 1.0x |
Davie, FL | 104,782 | 111 | 1.1x |
Weston, FL | 68,148 | 137 | 1.4x |
North Lauderdale, FL | 44,579 | 96 | 1.0x |
Oakland Park, FL | 44,092 | 104 | 1.0x |
North Miami Beach, FL | 43,357 | 101 | 1.0x |
Hallandale Beach, FL | 41,004 | 102 | 1.0x |
Aventura, FL | 39,734 | 122 | 1.2x |