Cost of Living in Deerfield Beach, FL

Population 86,742 · Florida · Data vintage 2023

105
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Deerfield Beach lands reasonably close to national benchmarks on most cost indicators, with a median home value of $274,000 — 10% below the US figure. That makes it a useful reference point for comparing with more extreme markets in Florida. Rental affordability is stretched — $1,670/month works out to about 35% of median household income, above the 30% "cost-burdened" line.

Deerfield Beach sits roughly 5 miles north of Pompano Beach — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 15% lower than Pompano Beach's $322,000.

Cost Overview

Housing 90
Rent 127

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

About the Cost of Living in Deerfield Beach

The median home value in Deerfield Beach is $274,400 — 10% below the national median of $305,000. Median rent runs $1,670/month, 27% higher than the national median of $1,314/month. The median household income of $56,976/year is 24% lower than the US median of $74,580. The local unemployment rate is 5.7%, above the national average of 4.8%. Florida charges no state income tax, a meaningful advantage for take-home pay. Overall, Deerfield Beach has a cost of living index of 105 versus the US average of 100, meaning it is 5% more expensive.

🏠 Housing

Median Home Value
$274,400
10% below avg
Zillow Home Value
$271,100
Zillow ZHVI
Median Rent
$1,670/mo
27% above avg
Zillow Rent
$2,399/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 64.1%
Renter-occupied 35.9%

💰 Estimated Monthly Budget

Rent median rent
$1,670
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,284/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
30.5 min
13% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
11.7%

Commute Mode

Drove alone
70.5%
Carpooled
11.3%
Public transit
3.3%
Walked
0.8%
Bicycle
0.1%
Work from home
11.7%

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
$56,976
24% below avg
Per Capita Income
$33,288
Unemployment Rate
5.7%
19% above avg
Poverty Rate
15.9%
Labor Force Participation
60.5%

🎓 Education

Bachelor's degree+ 18.3%
Graduate degree 9.5%

👥 Demographics

Median Age 43.7
Male median age 42.2
Female median age 45.7

💨 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 Deerfield Beach, FL?

Deerfield Beach has a cost index of 105 (100 = national average). It is 5% above the national average.

What is average rent in Deerfield Beach, FL?

The median gross rent in Deerfield Beach is $1,670 per month based on 2023 Census data.

What is the average home price in Deerfield Beach?

The median home value in Deerfield Beach is $274,400 according to Zillow and Census data.

What is the median income in Deerfield Beach?

The median household income in Deerfield Beach is $56,976 per year (2023 ACS 5-year estimates).

What is the sales tax in Deerfield Beach, FL?

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

Is Deerfield Beach, FL affordable?

Deerfield Beach is near the national average in terms of cost of living, with an index of 105 (100 = US average).

Deerfield Beach at a Glance

Population
86,742
Median Income
$56,976
Home Value
$274,400
Median Rent
$1,670/mo
Unemployment
5.7%
Sales Tax
7.0%
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🗺️ County data for Florida

Explore county-level cost of living data

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