Cost of Living in Coconut Creek, FL

Population 57,587 · Florida · Data vintage 2023

118
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Coconut Creek lands reasonably close to national benchmarks on most cost indicators, with a median home value of $291,000 — 5% below the US figure. That makes it a useful reference point for comparing with more extreme markets in Florida.

Geographically, Coconut Creek is part of the immediate Pompano Beach metro area. Median home values run roughly 10% lower than Pompano Beach's $322,000.

Cost Overview

Housing 95
Rent 153

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

About the Cost of Living in Coconut Creek

The median home value in Coconut Creek is $291,000 — 5% below the national median of $305,000. Median rent runs $2,011/month, 53% higher than the national median of $1,314/month. The median household income of $75,516/year is 1% higher 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, Coconut Creek has a cost of living index of 118 versus the US average of 100, meaning it is 18% more expensive.

🏠 Housing

Median Home Value
$291,000
5% below avg
Zillow Home Value
$284,646
Zillow ZHVI
Median Rent
$2,011/mo
53% above avg
Zillow Rent
$2,344/mo
Zillow ZORI
Price-to-Rent Ratio
12.1x
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 64.9%
Renter-occupied 35.1%

💰 Estimated Monthly Budget

Rent median rent
$2,011
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,625/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
32.3 min
20% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
13.8%

Commute Mode

Drove alone
74.4%
Carpooled
8.8%
Public transit
0.9%
Walked
0.8%
Bicycle
0.1%
Work from home
13.8%

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
$75,516
1% above avg
Per Capita Income
$47,292
Unemployment Rate
5.0%
3% above avg
Poverty Rate
10.9%
Labor Force Participation
67.2%

🎓 Education

Bachelor's degree+ 25.6%
Graduate degree 12.4%

👥 Demographics

Median Age 42.8
Male median age 41
Female median age 44.9

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 52 — Moderate
43.3%
Good air days/yr
109
Max AQI recorded
288
PM2.5 days
72
Ozone days

Frequently Asked Questions

What is the cost of living in Coconut Creek, FL?

Coconut Creek has a cost index of 118 (100 = national average). It is 18% above the national average.

What is average rent in Coconut Creek, FL?

The median gross rent in Coconut Creek is $2,011 per month based on 2023 Census data.

What is the average home price in Coconut Creek?

The median home value in Coconut Creek is $291,000 according to Zillow and Census data.

What is the median income in Coconut Creek?

The median household income in Coconut Creek is $75,516 per year (2023 ACS 5-year estimates).

What is the sales tax in Coconut Creek, FL?

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

Is Coconut Creek, FL affordable?

Coconut Creek is above average in cost of living, with an index of 118 — about 18% higher than the national average.

Coconut Creek at a Glance

Population
57,587
Median Income
$75,516
Home Value
$291,000
Median Rent
$2,011/mo
Unemployment
5.0%
Sales Tax
7.0%
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🗺️ County data for Florida

Explore county-level cost of living data

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