Coral Springs, FL Cost Of Living
Cost Of Living In Coral Springs, FL Summary
Cost of living in Coral Springs 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 Coral Springs 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 Coral Springs is 130, with 100 being the average.
The cost of living index in Coral Springs is 1.3x higher than the national average.
Coral Springs ranks as the #407 cheapest in Florida out of 459.
Coral Springs ranks as the #4,989 cheapest out of 6,489 in the US.
The median home value in Coral Springs is $518,703.
The median income in Coral Springs is $90,643.
Table Of Contents
Coral Springs's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Coral Springs, FL?
According to the most recent data on the cost of living, Coral Springs has an overall cost of living index of 130, which is 1.3x higher than the national index of 100.
Compared to Florida, Coral Springs has a cost of living index that's 1.3x higher than Florida's index of 97.
The standard of living in Coral Springs ranks as #407 most affordable out of the 459 places we measured in Florida. By definition, that implies Coral Springs ranks as the #52 most expensive place in the Sunshine State.
For more reading on life in Coral Springs, check out:
In Florida
In America
Coral Springs Cost Of Living Vs. Florida
Six factors go into calculating the cost of living index in Coral Springs. Here is how it fairs on each of the criteria:
The Services index in Coral Springs is 103.
The Groceries index in Coral Springs is 105.
The Health index in Coral Springs is 95.
The Housing index in Coral Springs is 191.
The Transportation index in Coral Springs is 99.
The Utilities index in Coral Springs is 101.
| Living Expense | Coral Springs | Florida | National Average | |
|---|---|---|---|---|
| Overall | 130 | 97 | 100 | |
| Services | 103 | 96 | 100 | |
| Groceries | 105 | 99 | 100 | |
| Health | 95 | 98 | 100 | |
| Housing | 191 | 96 | 100 | |
| Transportation | 99 | 97 | 100 | |
| Utilities | 101 | 95 | 100 | |
Coral Springs, 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 Coral Springs is $518,703.
The Median Rent in Coral Springs is $1,951.
The Median Income in Coral Springs is $90,643.
The Home Value To Income in Coral Springs is 5.7x.
The Rent To Monthly Income in Coral Springs is 0.26x.
| Statistic | Coral Springs | Florida | United States |
|---|---|---|---|
| Median Home Value | $518,703 | $377,066 | $303,400 |
| Median Rent | $1,951 | $1,564 | $1,348 |
| Median Income | $90,643 | $71,711 | $78,538 |
| Home Value To Income | 5.7x | 5.3x | 3.9x |
| Rent To Monthly Income | 0.26x | 0.26x | 0.21x |
Median Home Value
Median Rent
Median Income
Coral Springs, FL Costs By Category
Detailed Coral Springs Services Costs Vs. Florida
| Item | Coral Springs | 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 Coral Springs Groceries Costs Vs. Florida
| Item | Coral Springs | 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 Coral Springs Health Costs Vs. Florida
| Item | Coral Springs | Florida |
|---|---|---|
| Optometrist | $113.16 | $125.68 |
| Doctor | $114.67 | $135.78 |
| Dentist | $106.72 | $113.29 |
Detailed Coral Springs Transportation Costs Vs. Florida
| Item | Coral Springs | Florida |
|---|---|---|
| Gasoline | $3.43 | $3.46 |
| Tire Balancing | $63.46 | $59.92 |
Detailed Coral Springs Utilities Costs Vs. Florida
| Item | Coral Springs | Florida |
|---|---|---|
| All Electricity | $200.94 | $193.99 |
| Phone | $194.37 | $192.25 |
Coral Springs SnackAbility
/10
Cost Of Living In Cities Around Coral Springs
The cost of living varies in the cities and towns around Coral Springs. Here's a quick look at the cost of living in the most populous nearby places:
Pembroke Pines, FL has a cost of living index of 122, 0.9x Coral Springs.
Pompano Beach, FL has a cost of living index of 109, 0.8x Coral Springs.
Davie, FL has a cost of living index of 122, 0.9x Coral Springs.
| City | Population | Cost Of Living | Vs. Coral Springs |
|---|---|---|---|
| Pembroke Pines, FL | 170,557 | 122 | 0.9x |
| Pompano Beach, FL | 112,212 | 109 | 0.8x |
| Davie, FL | 106,412 | 122 | 0.9x |
| Boca Raton, FL | 98,833 | 144 | 1.1x |
| Sunrise, FL | 96,633 | 111 | 0.9x |
| Lauderhill, FL | 73,961 | 105 | 0.8x |
| Tamarac, FL | 71,887 | 107 | 0.8x |
| Weston, FL | 67,952 | 152 | 1.2x |
| Margate, FL | 58,418 | 111 | 0.9x |
| Coconut Creek, FL | 57,587 | 111 | 0.9x |
