Parkland, FL Cost Of Living

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

Cost Of Living In Parkland, FL Summary

Cost of living in Parkland 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 Parkland 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 Parkland is 154, with 100 being the average.

  • The cost of living index in Parkland is 1.5x higher than the national average.

  • Parkland ranks as the #448 cheapest in Florida out of 459.

  • Parkland ranks as the #5,915 cheapest out of 6,412 in the US.

  • The median home value in Parkland is $655,300.

  • The median income in Parkland is $174,295.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
154
Parkland's Overall Cost Of Living
1.5x
Higher Than The National Average

What is the cost of living in Parkland, FL?

According to the most recent data on the cost of living, Parkland has an overall cost of living index of 154, which is 1.5x higher than the national index of 100.

Compared to Florida, Parkland has a cost of living index that's 1.5x higher than Florida's index of 101.

The standard of living in Parkland ranks as #448 most affordable out of the 459 places we measured in Florida. By definition, that implies Parkland ranks as the #11 most expensive place in the Sunshine State.

For more reading on life in Parkland, check out:

448 out of 459
In Florida
5,915 out of 6,412
In America

Parkland Cost Of Living Vs. Florida

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

  • The Services index in Parkland is 98.

  • The Groceries index in Parkland is 118.

  • The Health index in Parkland is 102.

  • The Housing index in Parkland is 272.

  • The Transportation index in Parkland is 111.

  • The Utilities index in Parkland is 100.

Living Expense Parkland Florida National Average
Overall 154 101 100
Services 98 98 100
Groceries 118 101 100
Health 102 96 100
Housing 272 108 100
Transportation 111 98 100
Utilities 100 100 100
For more reading on cost of living around Florida, check out:
Parkland Cost of Living Vs. FL

Parkland, 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 Parkland is $655,300.

  • The Median Rent in Parkland is $2,592.

  • The Median Income in Parkland is $174,295.

  • The Home Value To Income in Parkland is 3.8x.

  • The Rent To Monthly Income in Parkland is 0.18x.

Statistic Parkland Florida United States
Median Home Value $655,300 $248,700 $244,900
Median Rent $2,592 $1,301 $1,163
Median Income $174,295 $61,777 $69,021
Home Value To Income 3.8x 4.0x 3.5x
Rent To Monthly Income 0.18x 0.25x 0.2x
Search Homes For Sale In Parkland, FL
$655,300
Median Home Value
$2,592
Median Rent
$174,295
Median Income

Parkland, FL Costs By Category

Detailed Parkland Services Costs Vs. Florida

Item Parkland 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 Parkland Groceries Costs Vs. Florida

Item Parkland 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 Parkland Health Costs Vs. Florida

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

Detailed Parkland Transportation Costs Vs. Florida

Item Parkland Florida
Gasoline $2.24 $2.22
Tire Balancing $63.76 $50.07

Detailed Parkland Utilities Costs Vs. Florida

Item Parkland Florida
All Electricity $162.2 $167.67
Phone $188.17 $175.64

Parkland SnackAbility

7.5
/10
Overall SnackAbility
Jobs
8.5/10
Housing
10
Affordability
6
Diversity
9
Safety
9
Amenities
9
Education
10
Commute
5

Cost Of Living In Cities Around Parkland

The cost of living varies in the cities and towns around Parkland. 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, 0.8x Parkland.

  • Pompano Beach, FL has a cost of living index of 100, 0.6x Parkland.

  • Davie, FL has a cost of living index of 111, 0.7x Parkland.

City Population Cost Of Living Vs. Parkland
Coral Springs, FL 133,693 121 0.8x
Pompano Beach, FL 111,423 100 0.6x
Davie, FL 104,782 111 0.7x
Boca Raton, FL 95,347 128 0.8x
Deerfield Beach, FL 86,062 97 0.6x
Tamarac, FL 71,140 100 0.6x
Weston, FL 68,148 137 0.9x
Margate, FL 58,331 98 0.6x
Coconut Creek, FL 57,553 103 0.7x
North Lauderdale, FL 44,579 96 0.6x

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