Boynton Beach, FL Cost Of Living
Cost Of Living In Boynton Beach, FL Summary
Cost of living in Boynton Beach 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 Boynton Beach 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 Boynton Beach is 111, with 100 being the average.
The cost of living index in Boynton Beach is 1.1x higher than the national average.
Boynton Beach ranks as the #285 cheapest in Florida out of 459.
Boynton Beach ranks as the #3,765 cheapest out of 6,489 in the US.
The median home value in Boynton Beach is $397,643.
The median income in Boynton Beach is $71,378.
Table Of Contents
Boynton Beach's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Boynton Beach, FL?
According to the most recent data on the cost of living, Boynton Beach has an overall cost of living index of 111, which is 1.1x higher than the national index of 100.
Compared to Florida, Boynton Beach has a cost of living index that's 1.1x higher than Florida's index of 97.
The standard of living in Boynton Beach ranks as #285 most affordable out of the 459 places we measured in Florida. By definition, that implies Boynton Beach ranks as the #174 most expensive place in the Sunshine State.
For more reading on life in Boynton Beach, check out:
In Florida
In America
Boynton Beach Cost Of Living Vs. Florida
Six factors go into calculating the cost of living index in Boynton Beach. Here is how it fairs on each of the criteria:
The Services index in Boynton Beach is 103.
The Groceries index in Boynton Beach is 106.
The Health index in Boynton Beach is 93.
The Housing index in Boynton Beach is 138.
The Transportation index in Boynton Beach is 103.
The Utilities index in Boynton Beach is 104.
| Living Expense | Boynton Beach | Florida | National Average | |
|---|---|---|---|---|
| Overall | 111 | 97 | 100 | |
| Services | 103 | 96 | 100 | |
| Groceries | 106 | 99 | 100 | |
| Health | 93 | 98 | 100 | |
| Housing | 138 | 96 | 100 | |
| Transportation | 103 | 97 | 100 | |
| Utilities | 104 | 95 | 100 | |
Boynton Beach, 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 2019-2023. The key points are:
The Median Home Value in Boynton Beach is $397,643.
The Median Rent in Boynton Beach is $1,896.
The Median Income in Boynton Beach is $71,378.
The Home Value To Income in Boynton Beach is 5.6x.
The Rent To Monthly Income in Boynton Beach is 0.32x.
| Statistic | Boynton Beach | Florida | United States |
|---|---|---|---|
| Median Home Value | $397,643 | $377,066 | $303,400 |
| Median Rent | $1,896 | $1,564 | $1,348 |
| Median Income | $71,378 | $71,711 | $78,538 |
| Home Value To Income | 5.6x | 5.3x | 3.9x |
| Rent To Monthly Income | 0.32x | 0.26x | 0.21x |
Median Home Value
Median Rent
Median Income
Boynton Beach, FL Costs By Category
Detailed Boynton Beach Services Costs Vs. Florida
| Item | Boynton Beach | Florida |
|---|---|---|
| Shampoo | $1.49 | $1.28 |
| Movie | $13.42 | $12.13 |
| Bowling | $23.13 | $18 |
| Haircut | $22.18 | $24.26 |
| Beauty Salon | $73.78 | $45.56 |
Detailed Boynton Beach Groceries Costs Vs. Florida
| Item | Boynton Beach | Florida |
|---|---|---|
| Ground Beef | $5.79 | $5.84 |
| Fried Chicken | $1.4 | $1.57 |
| Milk | $4.58 | $4.67 |
| Potatoes | $5.27 | $4.93 |
| Pizza | $14.0 | $12.09 |
| Beer | $11.23 | $10.41 |
| Toothpaste | $3.5 | $3.7 |
Detailed Boynton Beach Health Costs Vs. Florida
| Item | Boynton Beach | Florida |
|---|---|---|
| Optometrist | $113.16 | $125.68 |
| Doctor | $114.67 | $135.78 |
| Dentist | $106.72 | $113.29 |
Detailed Boynton Beach Transportation Costs Vs. Florida
| Item | Boynton Beach | Florida |
|---|---|---|
| Gasoline | $3.43 | $3.46 |
| Tire Balancing | $63.46 | $59.92 |
Detailed Boynton Beach Utilities Costs Vs. Florida
| Item | Boynton Beach | Florida |
|---|---|---|
| All Electricity | $200.94 | $193.99 |
| Phone | $194.37 | $192.25 |
Boynton Beach SnackAbility
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Cost Of Living In Cities Around Boynton Beach
The cost of living varies in the cities and towns around Boynton Beach. Here's a quick look at the cost of living in the most populous nearby places:
Boca Raton, FL has a cost of living index of 144, 1.3x Boynton Beach.
Deerfield Beach, FL has a cost of living index of 108, 1.0x Boynton Beach.
Wellington, FL has a cost of living index of 137, 1.2x Boynton Beach.
| City | Population | Cost Of Living | Vs. Boynton Beach |
|---|---|---|---|
| Boca Raton, FL | 98,833 | 144 | 1.3x |
| Deerfield Beach, FL | 86,742 | 108 | 1.0x |
| Wellington, FL | 61,497 | 137 | 1.2x |
| Coconut Creek, FL | 57,587 | 111 | 1.0x |
| Greenacres, FL | 43,871 | 104 | 0.9x |
| Royal Palm Beach, FL | 39,089 | 121 | 1.1x |
| Parkland, FL | 35,799 | 169 | 1.5x |
| Palm Springs, FL | 26,871 | 103 | 0.9x |
| Lantana, FL | 11,845 | 114 | 1.0x |
| Lighthouse Point, FL | 10,463 | 145 | 1.3x |
