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: $476000
• 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 Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 115.8

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $95570

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

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Summary

When considering a move to Boca raton, FL, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.