Boca Raton, FL Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Boca Raton, FL Summary

Cost of living in Boca Raton research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Boca Raton is expensive. An index value below 100 means the city is a relatively cheap place to live.

On a city-by-city basis in Florida, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:

  • The cost of living index in Boca Raton is 128, with 100 being the average.

  • The cost of living index in Boca Raton is 1.3x higher than the national average.

  • Boca Raton ranks as the #435 cheapest in Florida out of 459.

  • Boca Raton ranks as the #5,183 cheapest out of 6,412 in the US.

  • The median home value in Boca Raton is $495,000.

  • The median income in Boca Raton is $89,776.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
128
Boca Raton's Overall Cost Of Living
1.3x
Higher Than The National Average

What is the cost of living in Boca Raton, FL?

According to the most recent data on the cost of living, Boca Raton has an overall cost of living index of 128, which is 1.3x higher than the national index of 100.

Compared to Florida, Boca Raton has a cost of living index that's 1.3x higher than Florida's index of 101.

The standard of living in Boca Raton ranks as #435 most affordable out of the 459 places we measured in Florida. By definition, that implies Boca Raton ranks as the #24 most expensive place in the Sunshine State.

For more reading on life in Boca Raton, check out:

435 out of 459
In Florida
5,183 out of 6,412
In America

Boca Raton Cost Of Living Vs. Florida

Six factors go into calculating the cost of living index in Boca Raton. Here is how it fairs on each of the criteria:

  • The Services index in Boca Raton is 100.

  • The Groceries index in Boca Raton is 115.

  • The Health index in Boca Raton is 105.

  • The Housing index in Boca Raton is 193.

  • The Transportation index in Boca Raton is 109.

  • The Utilities index in Boca Raton is 100.

Living Expense Boca Raton Florida National Average
Overall 128 101 100
Services 100 98 100
Groceries 115 101 100
Health 105 96 100
Housing 193 108 100
Transportation 109 98 100
Utilities 100 100 100
For more reading on cost of living around Florida, check out:
Boca Raton Cost of Living Vs. FL

Boca Raton, FL Housing Cost Breakdown

Housing swings affordability the most between places in Florida, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:

  • The Median Home Value in Boca Raton is $495,000.

  • The Median Rent in Boca Raton is $1,941.

  • The Median Income in Boca Raton is $89,776.

  • The Home Value To Income in Boca Raton is 5.5x.

  • The Rent To Monthly Income in Boca Raton is 0.26x.

Statistic Boca Raton Florida United States
Median Home Value $495,000 $248,700 $244,900
Median Rent $1,941 $1,301 $1,163
Median Income $89,776 $61,777 $69,021
Home Value To Income 5.5x 4.0x 3.5x
Rent To Monthly Income 0.26x 0.25x 0.2x
Search Homes For Sale In Boca Raton, FL
$495,000
Median Home Value
$1,941
Median Rent
$89,776
Median Income

Boca Raton, FL Costs By Category

Detailed Boca Raton Services Costs Vs. Florida

Item Boca Raton Florida
Shampoo $1.07 $1.06
Movie $11.82 $10.68
Bowling $20.88 $14.67
Haircut $14.47 $18.62
Beauty Salon $65.03 $39.05

Detailed Boca Raton Groceries Costs Vs. Florida

Item Boca Raton Florida
Ground Beef $4.66 $4.22
Fried Chicken $1.62 $1.39
Milk $2.96 $2.05
Potatoes $4.99 $3.29
Pizza $8.99 $10.62
Beer $10.84 $9.38
Toothpaste $2.04 $2.34

Detailed Boca Raton Health Costs Vs. Florida

Item Boca Raton Florida
Optometrist $135.56 $108.57
Doctor $102.25 $116.17
Dentist $106.04 $99.13

Detailed Boca Raton Transportation Costs Vs. Florida

Item Boca Raton Florida
Gasoline $2.24 $2.22
Tire Balancing $63.76 $50.07

Detailed Boca Raton Utilities Costs Vs. Florida

Item Boca Raton Florida
All Electricity $162.2 $167.67
Phone $188.17 $175.64

Boca Raton SnackAbility

8.5
/10
Overall SnackAbility
Jobs
8/10
Housing
9.5
Affordability
4
Diversity
8
Safety
6
Amenities
9
Education
9
Commute
8.5

Cost Of Living In Cities Around Boca Raton

The cost of living varies in the cities and towns around Boca Raton. Here's a quick look at the cost of living in the most populous nearby places:

  • Coral Springs, FL has a cost of living index of 121, 0.9x Boca Raton.

  • Sunrise, FL has a cost of living index of 102, 0.8x Boca Raton.

  • Deerfield Beach, FL has a cost of living index of 97, 0.8x Boca Raton.

City Population Cost Of Living Vs. Boca Raton
Coral Springs, FL 133,693 121 0.9x
Sunrise, FL 96,220 102 0.8x
Deerfield Beach, FL 86,062 97 0.8x
Delray Beach, FL 66,434 108 0.8x
Margate, FL 58,331 98 0.8x
Coconut Creek, FL 57,553 103 0.8x
North Lauderdale, FL 44,579 96 0.8x
Oakland Park, FL 44,092 104 0.8x
Greenacres, FL 43,482 98 0.8x
Parkland, FL 33,772 154 1.2x

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