Cost of living in Hallandale 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 Hallandale 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 Hallandale Beach is 102, with 100 being the average.
The cost of living index in Hallandale Beach is 1.0x higher than the national average.
Hallandale Beach ranks as the #283 cheapest in Florida out of 459.
Hallandale Beach ranks as the #3,380 cheapest out of 6,412 in the US.
The median home value in Hallandale Beach is $230,300.
The median income in Hallandale Beach is $41,905.
According to the most recent data on the cost of living, Hallandale Beach has an overall cost of living index of 102, which is 1.0x higher than the national index of 100.
Compared to Florida, Hallandale Beach has a cost of living index that's 1.0x higher than Florida's index of 101.
The standard of living in Hallandale Beach ranks as #283 most affordable out of the 459 places we measured in Florida. By definition, that implies Hallandale Beach ranks as the #176 most expensive place in the Sunshine State.
For more reading on life in Hallandale Beach, check out:
Six factors go into calculating the cost of living index in Hallandale Beach. Here is how it fairs on each of the criteria:
The Services index in Hallandale Beach is 98.
The Groceries index in Hallandale Beach is 115.
The Health index in Hallandale Beach is 104.
The Housing index in Hallandale Beach is 100.
The Transportation index in Hallandale Beach is 108.
The Utilities index in Hallandale Beach is 101.
|Living Expense||Hallandale 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 Hallandale Beach is $230,300.
The Median Rent in Hallandale Beach is $1,357.
The Median Income in Hallandale Beach is $41,905.
The Home Value To Income in Hallandale Beach is 5.5x.
The Rent To Monthly Income in Hallandale Beach is 0.39x.
|Statistic||Hallandale Beach||Florida||United States|
|Median Home Value||$230,300||$248,700||$244,900|
|Home Value To Income||5.5x||4.0x||3.5x|
|Rent To Monthly Income||0.39x||0.25x||0.2x|
The cost of living varies in the cities and towns around Hallandale Beach. 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 113, 1.1x Hallandale Beach.
Hollywood, FL has a cost of living index of 104, 1.0x Hallandale Beach.
Davie, FL has a cost of living index of 111, 1.1x Hallandale Beach.
|City||Population||Cost Of Living||Vs. Hallandale Beach|
|Pembroke Pines, FL||170,346||113||1.1x|
|North Lauderdale, FL||44,579||96||0.9x|
|Oakland Park, FL||44,092||104||1.0x|
|North Miami Beach, FL||43,357||101||1.0x|
|Dania Beach, FL||31,703||103||1.0x|
|Miami Lakes, FL||30,582||125||1.2x|