Cost of Living in Pompano beach, FL
Housing
The housing market plays a significant role in determining the cost of living in Pompano beach, FL.
- Housing Index: 110.9 / 100
- Median Home Price is: $419,000
- Average Rent (2 BR Apartment): $1920 per month
- Average Rent (2 BR House): $2087 per month
In analyzing the real estate factors in Pompano beach, FL, it’s essential to note that the housing index currently shows 110.9, indicating significant market challenges. The median home price stands at 419000, which may imply a competitive landscape for potential homeowners. However, both the average rent for a 2-bedroom apartment at 1920 and for a 2-bedroom house at 2087 reflect stagnation, highlighting obstacles in rental affordability. For those considering relocation, it’s vital to factor in these aspects alongside local employment opportunities and overall cost of living for a well-rounded decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Pompano beach, FL.
- Electricity Price: $13.89 USD (median by state)
- Natural Gas Price: $26.13 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $243 per month
Living in Pompano beach, FL could entail higher utility costs. Electricity costs sit at $13.89, while natural gas is priced at $26.13 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $243 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Pompano beach is a financially viable option for your relocation.