Quick facts: Wellington, FL

Quick Facts

110.2
Cost of Living
above US average
61,438
Population
11.12
Crime Rate per 1000
below US average
$105,848
Median Income
above US average
$820,000
Median House Price
above US average
$14851.53
Average Rent
above US average
8%
Poverty Rate
below US average
3.3%
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 $105,848.

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Income Needed to Buy

βœ— Stretch
$257k/year
Based on $820,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $257k vs median $105,848
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Income Needed to Rent

⚠ Stretch
$636k/year
Based on $14851.53/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $636k vs median $105,848
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Wellington, FL

Wellington, Florida, is a vibrant village located in Palm Beach County, known for its equestrian community and lush landscapes. Founded in the 1950s, this affluent community has grown to become a hub for horse enthusiasts, hosting the prestigious Winter Equestrian Festival, one of the largest equestrian events in the world. Wellington's breathtaking parks, such as the Wellington Environmental Preserve and the expansive Village Park, offer numerous recreational opportunities, including sports fields, playgrounds, and nature trails. The village is also recognized for its family-friendly atmosphere, boasting excellent schools, shopping districts, and dining options. Wellington is characterized by its diverse neighborhoods, ranging from gated communities to more rural settings, catering to a variety of lifestyles. Its close proximity to West Palm Beach provides residents with access to a bustling urban environment while maintaining a peaceful suburban charm. With a warm climate and a strong sense of community, Wellington is an inviting place for residents and visitors alike.

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