Cost of Living in Boca raton, FL
Housing
The housing market plays a significant role in determining the cost of living in Boca raton, FL.
- Housing Index: 125.0 / 100
- Median Home Price is: $476,000
- Average Rent (2 BR Apartment): $2200 per month
- Average Rent (2 BR House): $2250 per month
Considering a move to Boca raton, FL? The area's housing index is currently at 125.0, indicating a stronger market compared to the national average. With a median home price of 476000 and rental options of approximately 2200 for a 2-bedroom apartment and 2250 for a 2-bedroom house, prospective residents should evaluate their budget carefully. Additionally, it's worth noting that median home prices in Boca raton tend to appreciate over time, making home buying a potentially sound investment for the future.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Boca raton, FL.
- Electricity Price: $13.89 USD (median by state)
- Natural Gas Price: $26.13 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $280 per month
Living in Boca raton, FL could entail higher utility costs. Electricity costs sit at $13.89, while natural gas is priced at $26.13 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $280 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Boca raton is a financially viable option for your relocation.