Cost of living in Delray 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 Delray 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 Delray Beach is 108, with 100 being the average.
The cost of living index in Delray Beach is 1.1x higher than the national average.
Delray Beach ranks as the #339 cheapest in Florida out of 459.
Delray Beach ranks as the #3,954 cheapest out of 6,412 in the US.
The median home value in Delray Beach is $320,300.
The median income in Delray Beach is $69,804.
According to the most recent data on the cost of living, Delray Beach has an overall cost of living index of 108, which is 1.1x higher than the national index of 100.
Compared to Florida, Delray Beach has a cost of living index that's 1.1x higher than Florida's index of 101.
The standard of living in Delray Beach ranks as #339 most affordable out of the 459 places we measured in Florida. By definition, that implies Delray Beach ranks as the #120 most expensive place in the Sunshine State.
For more reading on life in Delray Beach, check out:
Six factors go into calculating the cost of living index in Delray Beach. Here is how it fairs on each of the criteria:
The Services index in Delray Beach is 100.
The Groceries index in Delray Beach is 117.
The Health index in Delray Beach is 106.
The Housing index in Delray Beach is 119.
The Transportation index in Delray Beach is 110.
The Utilities index in Delray Beach is 100.
|Living Expense||Delray Beach||Florida||National Average|
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 Delray Beach is $320,300.
The Median Rent in Delray Beach is $1,675.
The Median Income in Delray Beach is $69,804.
The Home Value To Income in Delray Beach is 4.6x.
The Rent To Monthly Income in Delray Beach is 0.29x.
|Statistic||Delray Beach||Florida||United States|
|Median Home Value||$320,300||$248,700||$244,900|
|Home Value To Income||4.6x||4.0x||3.5x|
|Rent To Monthly Income||0.29x||0.25x||0.2x|
The cost of living varies in the cities and towns around Delray Beach. 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, 1.1x Delray Beach.
Boca Raton, FL has a cost of living index of 128, 1.2x Delray Beach.
Boynton Beach, FL has a cost of living index of 102, 0.9x Delray Beach.
|City||Population||Cost Of Living||Vs. Delray Beach|
|Coral Springs, FL||133,693||121||1.1x|
|Boca Raton, FL||95,347||128||1.2x|
|Boynton Beach, FL||79,479||102||0.9x|
|Coconut Creek, FL||57,553||103||1.0x|
|North Lauderdale, FL||44,579||96||0.9x|
|Oakland Park, FL||44,092||104||1.0x|
|Royal Palm Beach, FL||38,697||112||1.0x|