Cost of Living in Coral springs, FL

Housing

The housing market plays a significant role in determining the cost of living in Coral springs, FL.

• Housing Index: 120.0 / 100
• Median Home Price is: $419000
• Average Rent (2 BR Apartment): $2200 per month
• Average Rent (2 BR House): $2240 per month

When considering a move to Coral springs, FL, it's essential to analyze the housing market indicators. With a housing index of 120.0, which is above the national average, the affordability may pose a concern for potential buyers. The median home price at 419000 indicates a significant investment, while average rents for a 2-bedroom apartment stand at 2200 and a house at 2240. If you're looking for housing options, be prepared for higher costs. Additional factors like local job opportunities and amenities may further influence your decision.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Coral springs, 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.): $275 per month

Living in Coral springs, 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 275 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: 115.3

Median Income

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

• Median Income: $87488

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 Coral springs, 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.