Cost of Living in Southwest Ranches, FL

Population 7,569 · Florida · Data vintage 2023

249
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Home prices in Southwest Ranches run well above the national baseline, with a median of $842,000, though local incomes keep the cost-to-earnings ratio tighter than in coastal metros with comparable sticker prices. Median household earnings of $157,390 place the city among the better-paid Florida metros. An unemployment rate of 0.8% points to a labor market well on the tight side of the national distribution.

Located <5 miles northwest of Pembroke Pines, Southwest Ranches falls within that metro's commuting orbit. Median home values run roughly 104% higher than Pembroke Pines' $412,000.

Cost Overview

Housing 276
Rent 208

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

About the Cost of Living in Southwest Ranches

The median home value in Southwest Ranches is $841,900 — 176% above the national median of $305,000. Median rent runs $2,730/month, 108% higher than the national median of $1,314/month. The median household income of $157,390/year is 111% higher than the US median of $74,580. The local unemployment rate is 0.8%, below the national average of 4.8%. Florida charges no state income tax, a meaningful advantage for take-home pay. Overall, Southwest Ranches has a cost of living index of 249 versus the US average of 100, meaning it is 149% more expensive.

🏠 Housing

Median Home Value
$841,900
176% above avg
Zillow Home Value
$1,414,693
Zillow ZHVI
Median Rent
$2,730/mo
108% above avg
Price-to-Rent Ratio
25.7x
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 96.4%
Renter-occupied 3.6%

💰 Estimated Monthly Budget

Rent median rent
$2,730
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $3,344/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
15.6%

Commute Mode

Drove alone
72.5%
Carpooled
10.0%
Public transit
0.6%
Walked
0.6%
Work from home
15.6%

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
$157,390
111% above avg
Per Capita Income
$72,747
Unemployment Rate
0.8%
83% below avg
Poverty Rate
4.6%
Labor Force Participation
58.4%

🎓 Education

Bachelor's degree+ 23.1%
Graduate degree 28.7%

👥 Demographics

Median Age 43.4
Male median age 45.6
Female median age 42.8

💨 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 Southwest Ranches, FL?

Southwest Ranches has a cost index of 249 (100 = national average). It is 149% above the national average.

What is average rent in Southwest Ranches, FL?

The median gross rent in Southwest Ranches is $2,730 per month based on 2023 Census data.

What is the average home price in Southwest Ranches?

The median home value in Southwest Ranches is $841,900 according to Zillow and Census data.

What is the median income in Southwest Ranches?

The median household income in Southwest Ranches is $157,390 per year (2023 ACS 5-year estimates).

What is the sales tax in Southwest Ranches, FL?

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

Is Southwest Ranches, FL affordable?

Southwest Ranches is above average in cost of living, with an index of 249 — about 149% higher than the national average.

Southwest Ranches at a Glance

Population
7,569
Median Income
$157,390
Home Value
$841,900
Median Rent
$2,730/mo
Unemployment
0.8%
Sales Tax
7.0%
View all cities in Florida →
🗺️ County data for Florida

Explore county-level cost of living data

Similar Cost Cities

Cities in other states with comparable housing costs