Cost of Living in Fort lauderdale, FL
Housing
The housing market plays a significant role in determining the cost of living in Fort lauderdale, FL.
- Housing Index: 120.0 / 100
- Median Home Price is: $449000
- Average Rent (2 BR Apartment): $2400 per month
- Average Rent (2 BR House): $2400 per month
Considering a move to Fort lauderdale, FL? The housing index of 120.0 indicates it might present a competitive market. With a median home price of 449000 and average rents for a 2-bedroom apartment or house both at 2400, it’s important to weigh your options between renting and buying. Keep in mind that investing in real estate in trending areas can lead to long-term appreciation. If affordability is a concern, exploring neighborhoods slightly away from the city center may yield more favorable options. Explore all avenues before making your decision!
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Fort lauderdale, 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 Fort lauderdale, 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 Fort lauderdale is a financially viable option for your relocation.