Cost of Living in Boynton Beach, FL

Population 80,601 · Florida · Data vintage 2023

119
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

The Boynton Beach cost-of-living profile is closer to the US median than most headline-grabbing metros — typical homes around $313,000, rents near $1,896 a month.

Located 15 miles south of West Palm Beach, Boynton Beach falls within that metro's commuting orbit. Median home values run roughly 15% lower than West Palm Beach's $370,000.

Cost Overview

Housing 103
Rent 144

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Boynton Beach

The median home value in Boynton Beach is $312,700 — 3% above the national median of $305,000. Median rent runs $1,896/month, 44% higher than the national median of $1,314/month. The median household income of $71,378/year is 4% lower than the US median of $74,580. The local unemployment rate is 5.0%, above the national average of 4.8%. Florida charges no state income tax, a meaningful advantage for take-home pay. Overall, Boynton Beach has a cost of living index of 119 versus the US average of 100, meaning it is 19% more expensive.

🏠 Housing

Median Home Value
$312,700
3% above avg
Zillow Home Value
$396,295
Zillow ZHVI
Median Rent
$1,896/mo
44% above avg
Zillow Rent
$2,387/mo
Zillow ZORI
Price-to-Rent Ratio
13.7x
Favors buying
Property Tax Rate
0.9%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$1,085
1 BR
$1,181
2 BR
$1,427
3 BR
$1,797
4 BR
$2,099
Owner-occupied 63.8%
Renter-occupied 36.2%

💰 Estimated Monthly Budget

Rent median rent
$1,896
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,510/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
27.3 min
1% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
8.9%

Commute Mode

Drove alone
76.0%
Carpooled
8.6%
Public transit
1.6%
Walked
0.9%
Bicycle
0.1%
Work from home
8.9%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax (flat) None
Total Sales Tax 7.0%
State rate 6.0%
Avg local rate 1.1%
Property Tax 0.9%

💼 Income & Employment

Median Household Income
$71,378
4% below avg
Per Capita Income
$39,198
Unemployment Rate
5.0%
3% above avg
Poverty Rate
11.8%
Labor Force Participation
64.5%

🎓 Education

Bachelor's degree+ 22.3%
Graduate degree 9.7%

👥 Demographics

Median Age 42.9
Male median age 41.5
Female median age 43.7

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 43 — Good
71.2%
Good air days/yr
122
Max AQI recorded
242
PM2.5 days
123
Ozone days

Frequently Asked Questions

What is the cost of living in Boynton Beach, FL?

Boynton Beach has a cost index of 119 (100 = national average). It is 19% above the national average.

What is average rent in Boynton Beach, FL?

The median gross rent in Boynton Beach is $1,896 per month based on 2023 Census data.

What is the average home price in Boynton Beach?

The median home value in Boynton Beach is $312,700 according to Zillow and Census data.

What is the median income in Boynton Beach?

The median household income in Boynton Beach is $71,378 per year (2023 ACS 5-year estimates).

What is the sales tax in Boynton Beach, FL?

The combined state and local sales tax rate in Boynton Beach is 7.0%. Florida has no state income tax.

Is Boynton Beach, FL affordable?

Boynton Beach is above average in cost of living, with an index of 119 — about 19% higher than the national average.

Boynton Beach at a Glance

Population
80,601
Median Income
$71,378
Home Value
$312,700
Median Rent
$1,896/mo
Unemployment
5.0%
Sales Tax
7.0%
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Explore county-level cost of living data

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