Cost of Living in Watergate, FL
Population 3,709 · Florida · Data vintage 2023
(100 = US avg)
Buyers in Watergate can reasonably expect a home to cost less than three years of household income — $214,000 against $72,641 in typical earnings — a ratio that has collapsed to 5:1 or worse in much of the country. At 8.6%, the local unemployment rate runs well above the US figure, pointing to structural rather than cyclical labor-market issues.
Watergate sits roughly 5 miles northeast of Coral Springs — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 57% lower than Coral Springs' $503,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Watergate
The median home value in Watergate is $214,200 — 30% below the national median of $305,000. Median rent runs $2,109/month, 61% higher than the national median of $1,314/month. The median household income of $72,641/year is 3% lower than the US median of $74,580. The local unemployment rate is 8.6%, above the national average of 4.8%. Florida charges no state income tax, a meaningful advantage for take-home pay. Overall, Watergate has a cost of living index of 106 versus the US average of 100, meaning it is 6% more expensive.
Watergate has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 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 Watergate, FL?
Watergate has a cost index of 106 (100 = national average). It is 6% above the national average.
What is average rent in Watergate, FL?
The median gross rent in Watergate is $2,109 per month based on 2023 Census data.
What is the average home price in Watergate?
The median home value in Watergate is $214,200 according to 2023 Census ACS data.
What is the median income in Watergate?
The median household income in Watergate is $72,641 per year (2023 ACS 5-year estimates).
What is the sales tax in Watergate, FL?
The combined state and local sales tax rate in Watergate is 7.0%. Florida has no state income tax.
Is Watergate, FL affordable?
Watergate is near the national average in terms of cost of living, with an index of 106 (100 = US average).
Watergate at a Glance
- Population
- 3,709
- Median Income
- $72,641
- Home Value
- $214,200
- Median Rent
- $2,109/mo
- Unemployment
- 8.6%
- Sales Tax
- 7.0%
Nearby Cities
Explore county-level cost of living data
Florida Rankings
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