Quick facts: Fort lauderdale, FL

Quick Facts

115.3
Cost of Living
above US average
183,146
Population
48.16
Crime Rate per 1000
above US average
$75,376
Median Income
below US average
$400,000
Median House Price
above US average
$2333.93
Average Rent
above US average
12%
Poverty Rate
above US average
3.5%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $75,376.

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Income Needed to Buy

βœ— Stretch
$125k/year
Based on $400,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $125k vs median $75,376
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Income Needed to Rent

⚠ Stretch
$100k/year
Based on $2333.93/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $100k vs median $75,376
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Fort lauderdale, FL

Fort Lauderdale, located in Broward County, Florida, is a vibrant city known for its stunning beaches, boating canals, and a lively arts scene. Often referred to as the "Venice of America" due to its extensive network of canals, Fort Lauderdale attracts both tourists and residents alike. The city boasts a beautiful coastline along the Atlantic Ocean, featuring popular spots such as Fort Lauderdale Beach and Las Olas Boulevard, which is lined with restaurants, shops, and galleries. The city's cultural landscape is rich with attractions, including the Broward Center for the Performing Arts, showcasing a variety of performances, and the Fort Lauderdale Museum of Art. Outdoor enthusiasts can enjoy activities at Hugh Taylor Birch State Park or take a boat tour through the scenic waterways. Fort Lauderdale is also a hub for yachting, with the Fort Lauderdale International Boat Show being one of the largest in the world. The city’s warm climate, diverse dining options, and vibrant nightlife make it a favored destination for visitors and a desirable place to live. With its unique blend of natural beauty and urban vibrancy, Fort Lauderdale stands out as a premier South Florida locale.

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