Cost of living in Pembroke Park 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 Pembroke Park 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 Pembroke Park is 88, with 100 being the average.
The cost of living index in Pembroke Park is 0.9x lower than the national average.
Pembroke Park ranks as the #26 cheapest in Florida out of 459.
Pembroke Park ranks as the #912 cheapest out of 6,489 in the US.
The median home value in Pembroke Park is $252,051.
The median income in Pembroke Park is $50,710.
According to the most recent data on the cost of living, Pembroke Park has an overall cost of living index of 88, which is 0.9x lower than the national index of 100.
Compared to Florida, Pembroke Park has a cost of living index that's 0.9x lower than Florida's index of 97.
The standard of living in Pembroke Park ranks as #26 most affordable out of the 459 places we measured in Florida. By definition, that implies Pembroke Park ranks as the #433 most expensive place in the Sunshine State.
For more reading on life in Pembroke Park, check out:
Six factors go into calculating the cost of living index in Pembroke Park. Here is how it fairs on each of the criteria:
The Services index in Pembroke Park is 104.
The Groceries index in Pembroke Park is 105.
The Health index in Pembroke Park is 92.
The Housing index in Pembroke Park is 55.
The Transportation index in Pembroke Park is 100.
The Utilities index in Pembroke Park is 105.
| Living Expense | Pembroke Park | Florida | National Average | |
|---|---|---|---|---|
| Overall | 88 | 97 | 100 | |
| Services | 104 | 96 | 100 | |
| Groceries | 105 | 99 | 100 | |
| Health | 92 | 98 | 100 | |
| Housing | 55 | 96 | 100 | |
| Transportation | 100 | 97 | 100 | |
| Utilities | 105 | 95 | 100 | |
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 Pembroke Park is $252,051.
The Median Rent in Pembroke Park is $1,532.
The Median Income in Pembroke Park is $50,710.
The Home Value To Income in Pembroke Park is 5.0x.
The Rent To Monthly Income in Pembroke Park is 0.36x.
| Statistic | Pembroke Park | Florida | United States |
|---|---|---|---|
| Median Home Value | $252,051 | $377,066 | $303,400 |
| Median Rent | $1,532 | $1,564 | $1,348 |
| Median Income | $50,710 | $71,711 | $78,538 |
| Home Value To Income | 5.0x | 5.3x | 3.9x |
| Rent To Monthly Income | 0.36x | 0.26x | 0.21x |
| Item | Pembroke Park | 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 |
| Item | Pembroke Park | 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 |
| Item | Pembroke Park | Florida |
|---|---|---|
| Optometrist | $113.16 | $125.68 |
| Doctor | $114.67 | $135.78 |
| Dentist | $106.72 | $113.29 |
| Item | Pembroke Park | Florida |
|---|---|---|
| Gasoline | $3.43 | $3.46 |
| Tire Balancing | $63.46 | $59.92 |
| Item | Pembroke Park | Florida |
|---|---|---|
| All Electricity | $200.94 | $193.99 |
| Phone | $194.37 | $192.25 |
The cost of living varies in the cities and towns around Pembroke Park. 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, 1.4x Pembroke Park.
Hollywood, FL has a cost of living index of 117, 1.3x Pembroke Park.
Coral Springs, FL has a cost of living index of 130, 1.5x Pembroke Park.
| City | Population | Cost Of Living | Vs. Pembroke Park |
|---|---|---|---|
| Pembroke Pines, FL | 170,557 | 122 | 1.4x |
| Hollywood, FL | 152,935 | 117 | 1.3x |
| Coral Springs, FL | 133,962 | 130 | 1.5x |
| Davie, FL | 106,412 | 122 | 1.4x |
| Weston, FL | 67,952 | 152 | 1.7x |
| Coconut Creek, FL | 57,587 | 111 | 1.3x |
| North Lauderdale, FL | 44,650 | 109 | 1.2x |
| Oakland Park, FL | 44,015 | 111 | 1.3x |
| North Miami Beach, FL | 43,104 | 110 | 1.2x |
| Hallandale Beach, FL | 41,224 | 108 | 1.2x |