Quick facts: Plantation, FL

Quick Facts

107.5
Cost of Living
above US average
96,042
Population
27.11
Crime Rate per 1000
above US average
$83,074
Median Income
above US average
$450,000
Median House Price
above US average
$2771.33
Average Rent
above US average
9%
Poverty Rate
below US average
3.0%
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 $83,074.

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Income Needed to Buy

βœ— Stretch
$141k/year
Based on $450,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $141k vs median $83,074
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Income Needed to Rent

⚠ Stretch
$119k/year
Based on $2771.33/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $119k vs median $83,074
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Plantation, FL

Plantation is a vibrant city located in Broward County, Florida, just a few miles from the Atlantic coast. Known for its picturesque landscapes and lush greenery, the city boasts a variety of parks and recreational facilities, making it an ideal place for outdoor activities. Plantation's history dates back to the mid-20th century when it was developed as a planned community, which has since flourished into a suburban haven. The city features a mix of residential neighborhoods, shopping centers, and dining options, providing residents and visitors with a well-rounded experience. Notable attractions include the Westfield Plantation mall and the historic Plantation Preserve Golf Course & Club. With a family-friendly environment, excellent schools, and community-focused events, Plantation fosters a strong sense of community. Additionally, the city offers convenient access to major highways and is just a short drive away from bustling Fort Lauderdale, enhancing its appeal as a desirable place to live. The warm, sunny climate typical of South Florida allows for year-round enjoyment of the area's natural beauty and recreational opportunities.

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