Cost of Living in Fort Lauderdale, FL

Population 183,032 · Florida · Data vintage 2023

144
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Fort Lauderdale lands reasonably close to national benchmarks on most cost indicators, with a median home value of $456,000 — 49% above the US figure. That makes it a useful reference point for comparing with more extreme markets in Florida.

Cost Overview

Housing 149
Rent 135

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

About the Cost of Living in Fort Lauderdale

The median home value in Fort Lauderdale is $455,600 — 49% above the national median of $305,000. Median rent runs $1,776/month, 35% higher than the national median of $1,314/month. The median household income of $79,935/year is 7% higher than the US median of $74,580. The local unemployment rate is 5.3%, above the national average of 4.8%. Florida charges no state income tax, a meaningful advantage for take-home pay. Overall, Fort Lauderdale has a cost of living index of 144 versus the US average of 100, meaning it is 44% more expensive.

🏠 Housing

Median Home Value
$455,600
49% above avg
Zillow Home Value
$503,437
Zillow ZHVI
Median Rent
$1,776/mo
35% above avg
Zillow Rent
$2,717/mo
Zillow ZORI
Price-to-Rent Ratio
21.4x
Favors renting
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 53.8%
Renter-occupied 46.2%

💰 Estimated Monthly Budget

Rent median rent
$1,776
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,390/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
28.7 min
6% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
17.5%

Commute Mode

Drove alone
66.3%
Carpooled
7.4%
Public transit
2.6%
Walked
2.4%
Bicycle
0.5%
Work from home
17.5%

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
$79,935
7% above avg
Per Capita Income
$57,845
Unemployment Rate
5.3%
11% above avg
Poverty Rate
15.2%
Labor Force Participation
65.3%

🎓 Education

Bachelor's degree+ 23.8%
Graduate degree 15.9%

👥 Demographics

Median Age 42.9
Male median age 43.2
Female median age 42.5

💨 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

🏫 Schools

NCES CCD 2019 — public school district data

89.9%
4-Year Graduation Rate
19.1:1
Student-teacher ratio
329
Public schools
269,777
Total enrollment

Frequently Asked Questions

What is the cost of living in Fort Lauderdale, FL?

Fort Lauderdale has a cost index of 144 (100 = national average). It is 44% above the national average.

What is average rent in Fort Lauderdale, FL?

The median gross rent in Fort Lauderdale is $1,776 per month based on 2023 Census data.

What is the average home price in Fort Lauderdale?

The median home value in Fort Lauderdale is $455,600 according to Zillow and Census data.

What is the median income in Fort Lauderdale?

The median household income in Fort Lauderdale is $79,935 per year (2023 ACS 5-year estimates).

What is the sales tax in Fort Lauderdale, FL?

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

Is Fort Lauderdale, FL affordable?

Fort Lauderdale is above average in cost of living, with an index of 144 — about 44% higher than the national average.

Fort Lauderdale at a Glance

Population
183,032
Median Income
$79,935
Home Value
$455,600
Median Rent
$1,776/mo
Unemployment
5.3%
Sales Tax
7.0%
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🗺️ County data for Florida

Explore county-level cost of living data

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