Quick facts: Pompano beach, FL

Quick Facts

107.5
Cost of Living
above US average
112,302
Population
35.43
Crime Rate per 1000
above US average
$61,155
Median Income
below US average
$259,999
Median House Price
above US average
$2358.56
Average Rent
above US average
11%
Poverty Rate
above US average
3.8%
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 $61,155.

🏠

Income Needed to Buy

βœ— Stretch
$82k/year
Based on $259,999 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $82k vs median $61,155
🏒

Income Needed to Rent

⚠ Stretch
$101k/year
Based on $2358.56/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $101k vs median $61,155
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Pompano beach, FL

Pompano Beach, located in Broward County, Florida, is a vibrant coastal city known for its beautiful beaches, recreational opportunities, and a laid-back atmosphere. Situated just north of Fort Lauderdale, it features a stunning coastline along the Atlantic Ocean, making it a popular destination for sunbathers and water sports enthusiasts alike. The city is renowned for its picturesque parks and waterfront areas, including the newly revitalized Pompano Beach Pier, which offers fishing, dining, and stunning views of the ocean. The area is also recognized for its thriving arts scene, with various galleries and cultural events held throughout the year. Pompano Beach is home to a diverse population and offers a rich blend of dining options, from casual beachside eateries to upscale restaurants. The local economy is bolstered by tourism, marine industries, and a growing number of businesses, making it an attractive place for residents and visitors. With year-round warm weather, numerous golf courses, and beautiful nature preserves, Pompano Beach is perfect for outdoor enthusiasts. Overall, it embodies the quintessential Florida experience, combining relaxation, recreation, and cultural richness.

πŸ” Search & Compare Places

First Location πŸ“