Cost of Living in Boca Raton, FL
Population 98,833 · Florida · Data vintage 2023
(100 = US avg)
Home prices in Boca Raton run well above the national baseline, with a median of $660,000, though local incomes keep the cost-to-earnings ratio tighter than in coastal metros with comparable sticker prices. Median household earnings of $102,722 place the city among the better-paid Florida metros.
Located 9 miles north of Pompano Beach, Boca Raton falls within that metro's commuting orbit. Median home values run roughly 105% higher than Pompano Beach's $322,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Boca Raton
The median home value in Boca Raton is $660,100 — 116% above the national median of $305,000. Median rent runs $2,334/month, 78% higher than the national median of $1,314/month. The median household income of $102,722/year is 38% higher than the US median of $74,580. The local unemployment rate is 5.9%, above the national average of 4.8%. Florida charges no state income tax, a meaningful advantage for take-home pay. Overall, Boca Raton has a cost of living index of 201 versus the US average of 100, meaning it is 101% more expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Boca Raton, FL?
Boca Raton has a cost index of 201 (100 = national average). It is 101% above the national average.
What is average rent in Boca Raton, FL?
The median gross rent in Boca Raton is $2,334 per month based on 2023 Census data.
What is the average home price in Boca Raton?
The median home value in Boca Raton is $660,100 according to Zillow and Census data.
What is the median income in Boca Raton?
The median household income in Boca Raton is $102,722 per year (2023 ACS 5-year estimates).
What is the sales tax in Boca Raton, FL?
The combined state and local sales tax rate in Boca Raton is 7.0%. Florida has no state income tax.
Is Boca Raton, FL affordable?
Boca Raton is above average in cost of living, with an index of 201 — about 101% higher than the national average.
Boca Raton at a Glance
- Population
- 98,833
- Median Income
- $102,722
- Home Value
- $660,100
- Median Rent
- $2,334/mo
- Unemployment
- 5.9%
- Sales Tax
- 7.0%
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Florida Rankings
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