Cost of Living in The Hammocks, FL
Population 58,548 · Florida · Data vintage 2023
(100 = US avg)
The Hammocks is effectively a commuter community: the average resident spends 37 minutes each way getting to work, well above the 27-minute US median. Housing costs ($438,000 for a typical home) tend to reflect the tradeoff between price and access. An unemployment rate of 2.5% points to a labor market well on the tight side of the national distribution.
The Hammocks sits roughly 15 miles southwest of Hialeah — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 22% higher than Hialeah's $359,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in The Hammocks
The median home value in The Hammocks is $437,700 — 44% above the national median of $305,000. Median rent runs $2,041/month, 55% higher than the national median of $1,314/month. The median household income of $83,253/year is 12% higher than the US median of $74,580. The local unemployment rate is 2.5%, below the national average of 4.8%. Florida charges no state income tax, a meaningful advantage for take-home pay. Overall, The Hammocks has a cost of living index of 148 versus the US average of 100, meaning it is 48% more expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in The Hammocks, FL?
The Hammocks has a cost index of 148 (100 = national average). It is 48% above the national average.
What is average rent in The Hammocks, FL?
The median gross rent in The Hammocks is $2,041 per month based on 2023 Census data.
What is the average home price in The Hammocks?
The median home value in The Hammocks is $437,700 according to Zillow and Census data.
What is the median income in The Hammocks?
The median household income in The Hammocks is $83,253 per year (2023 ACS 5-year estimates).
What is the sales tax in The Hammocks, FL?
The combined state and local sales tax rate in The Hammocks is 7.0%. Florida has no state income tax.
Is The Hammocks, FL affordable?
The Hammocks is above average in cost of living, with an index of 148 — about 48% higher than the national average.
The Hammocks at a Glance
- Population
- 58,548
- Median Income
- $83,253
- Home Value
- $437,700
- Median Rent
- $2,041/mo
- Unemployment
- 2.5%
- Sales Tax
- 7.0%
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