Quick facts: Coconut creek, FL

Quick Facts

107.5
Cost of Living
above US average
57,348
Population
13.08
Crime Rate per 1000
below US average
$72,740
Median Income
below US average
$439,900
Median House Price
above US average
$2548.78
Average Rent
above US average
10%
Poverty Rate
below US average
3.2%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $72,740.

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Income Needed to Buy

βœ— Stretch
$138k/year
Based on $439,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $138k vs median $72,740
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Income Needed to Rent

⚠ Stretch
$109k/year
Based on $2548.78/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $109k vs median $72,740
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Coconut creek, FL

Coconut Creek, located in Broward County, Florida, is a vibrant city known for its lush landscapes and commitment to green living. Often referred to as the "Butterfly Capital of the World," Coconut Creek boasts numerous nature preserves, including the popular Butterfly World, which is home to thousands of live butterflies and exotic plants. With a population of approximately 60,000, Coconut Creek combines suburban charm with urban conveniences. The city features a diverse mix of residential neighborhoods, shopping centers, and recreational facilities, making it an ideal place for families and retirees alike. The city prides itself on its community-oriented lifestyle, evident in its various events and festivals throughout the year. Coconut Creek also offers excellent access to major highways and is conveniently located near Fort Lauderdale and Miami, making it easy to enjoy nearby beaches and metropolitan attractions. The city's parks and recreational areas encourage outdoor activities, ranging from biking to picnicking. Education and public services are well-supported, providing residents with a high quality of life in this picturesque Florida community.

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