Cost of Living in Goulds, FL

Population 12,019 · Florida · Data vintage 2023

115
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Goulds is a smaller Florida community of around 12000 residents, where median household incomes of $58,291 and housing costs ($415,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape. Unemployment has stayed elevated relative to the national figure — 8.4% as of the most recent ACS release — which shows up in household-income and poverty figures as well.

Goulds sits roughly 20 miles southwest of Miami — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 13% lower than Miami's $475,000.

Cost Overview

Housing 136
Rent 84

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

About the Cost of Living in Goulds

The median home value in Goulds is $415,100 — 36% above the national median of $305,000. Median rent runs $1,104/month, 16% lower than the national median of $1,314/month. The median household income of $58,291/year is 22% lower than the US median of $74,580. The local unemployment rate is 8.4%, above the national average of 4.8%. Florida charges no state income tax, a meaningful advantage for take-home pay. Overall, Goulds has a cost of living index of 115 versus the US average of 100, meaning it is 15% more expensive.

🏠 Housing

Median Home Value
$415,100
36% above avg
Median Rent
$1,104/mo
16% below avg
Price-to-Rent Ratio
31.3x
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 50.2%
Renter-occupied 49.8%

💰 Estimated Monthly Budget

Rent median rent
$1,104
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,718/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
42.8 min
59% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
2.7%

Commute Mode

Drove alone
81.8%
Carpooled
9.5%
Public transit
4.9%
Walked
0.9%
Work from home
2.7%

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
$58,291
22% below avg
Per Capita Income
$24,955
Unemployment Rate
8.4%
75% above avg
Poverty Rate
20.0%
Labor Force Participation
58.3%

🎓 Education

Bachelor's degree+ 10.8%
Graduate degree 6.5%

👥 Demographics

Median Age 40.9
Male median age 40.3
Female median age 42.5

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 48 — Good
56.7%
Good air days/yr
170
Max AQI recorded
272
PM2.5 days
76
Ozone days

Frequently Asked Questions

What is the cost of living in Goulds, FL?

Goulds has a cost index of 115 (100 = national average). It is 15% above the national average.

What is average rent in Goulds, FL?

The median gross rent in Goulds is $1,104 per month based on 2023 Census data.

What is the average home price in Goulds?

The median home value in Goulds is $415,100 according to 2023 Census ACS data.

What is the median income in Goulds?

The median household income in Goulds is $58,291 per year (2023 ACS 5-year estimates).

What is the sales tax in Goulds, FL?

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

Is Goulds, FL affordable?

Goulds is above average in cost of living, with an index of 115 — about 15% higher than the national average.

Goulds at a Glance

Population
12,019
Median Income
$58,291
Home Value
$415,100
Median Rent
$1,104/mo
Unemployment
8.4%
Sales Tax
7.0%
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Explore county-level cost of living data

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