COLD

Cost of Living in Davie, FL

Population 106,412 · Florida · Data vintage 2023

145
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Davie lands reasonably close to national benchmarks on most cost indicators, with a median home value of $434,000 — 42% above the US figure. That makes it a useful reference point for comparing with more extreme markets in Florida.

Cost Overview

Housing 142
Rent 150

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

About the Cost of Living in Davie

The median home value in Davie is $433,600 — 42% above the national median of $305,000. Median rent runs $1,967/month, 50% higher than the national median of $1,314/month. The median household income of $87,171/year is 17% higher than the US median of $74,580. The local unemployment rate is 4.4%, below the national average of 4.8%. Florida charges no state income tax, a meaningful advantage for take-home pay. Overall, Davie has a cost of living index of 145 versus the US average of 100, meaning it is 45% more expensive.

🏠 Housing

Median Home Value
$433,600
42% above avg
Zillow Home Value
$512,189
Zillow ZHVI
Median Rent
$1,967/mo
50% above avg
Zillow Rent
$2,330/mo
Zillow ZORI
Price-to-Rent Ratio
18.4x
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 66.6%
Renter-occupied 33.4%

💰 Estimated Monthly Budget

Rent median rent
$1,967
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,581/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
30.8 min
14% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
13.9%

Commute Mode

Drove alone
73.2%
Carpooled
9.0%
Public transit
0.9%
Walked
1.3%
Bicycle
0.5%
Work from home
13.9%

⚡ 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
$87,171
17% above avg
Per Capita Income
$43,871
Unemployment Rate
4.4%
8% below avg
Poverty Rate
10.9%
Labor Force Participation
69.0%

🎓 Education

Bachelor's degree+ 24.5%
Graduate degree 14.6%

👥 Demographics

Median Age 37.2
Male median age 36.2
Female median age 38.2

💨 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 Davie, FL?

Davie has a cost index of 145 (100 = national average). It is 45% above the national average.

What is average rent in Davie, FL?

The median gross rent in Davie is $1,967 per month based on 2023 Census data.

What is the average home price in Davie?

The median home value in Davie is $433,600 according to Zillow and Census data.

What is the median income in Davie?

The median household income in Davie is $87,171 per year (2023 ACS 5-year estimates).

What is the sales tax in Davie, FL?

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

Is Davie, FL affordable?

Davie is above average in cost of living, with an index of 145 — about 45% higher than the national average.

Davie at a Glance

Population
106,412
Median Income
$87,171
Home Value
$433,600
Median Rent
$1,967/mo
Unemployment
4.4%
Sales Tax
7.0%
View all cities in Florida →

Nearby Cities

🗺️ County data for Florida

Explore county-level cost of living data

Florida Rankings

Similar Cost Cities

Cities in other states with comparable housing costs