South Bay, FL Cost Of Living
Cost Of Living In South Bay, FL Summary
Cost of living in South Bay 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 South Bay 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 South Bay is 87, with 100 being the average.
The cost of living index in South Bay is 0.9x lower than the national average.
South Bay ranks as the #44 cheapest in Florida out of 459.
South Bay ranks as the #1,101 cheapest out of 6,412 in the US.
The median home value in South Bay is $99,900.
The median income in South Bay is $50,344.
Table Of Contents
South Bay's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in South Bay, FL?
According to the most recent data on the cost of living, South Bay has an overall cost of living index of 87, which is 0.9x lower than the national index of 100.
Compared to Florida, South Bay has a cost of living index that's 0.9x lower than Florida's index of 101.
The standard of living in South Bay ranks as #44 most affordable out of the 459 places we measured in Florida. By definition, that implies South Bay ranks as the #415 most expensive place in the Sunshine State.
For more reading on life in South Bay, check out:
- Living In South Bay
- South Bay Crime Report
- Search Homes For Sale In South Bay, FL
In Florida
In America
South Bay Cost Of Living Vs. Florida
Six factors go into calculating the cost of living index in South Bay. Here is how it fairs on each of the criteria:
The Services index in South Bay is 97.
The Groceries index in South Bay is 115.
The Health index in South Bay is 105.
The Housing index in South Bay is 53.
The Transportation index in South Bay is 108.
The Utilities index in South Bay is 97.
| Living Expense | South Bay | Florida | National Average | |
|---|---|---|---|---|
| Overall | 87 | 101 | 100 | |
| Services | 97 | 98 | 100 | |
| Groceries | 115 | 101 | 100 | |
| Health | 105 | 96 | 100 | |
| Housing | 53 | 108 | 100 | |
| Transportation | 108 | 98 | 100 | |
| Utilities | 97 | 100 | 100 | |
South Bay, 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 South Bay is $99,900.
The Median Rent in South Bay is $988.
The Median Income in South Bay is $50,344.
The Home Value To Income in South Bay is 2.0x.
The Rent To Monthly Income in South Bay is 0.24x.
| Statistic | South Bay | Florida | United States |
|---|---|---|---|
| Median Home Value | $99,900 | $248,700 | $244,900 |
| Median Rent | $988 | $1,301 | $1,163 |
| Median Income | $50,344 | $61,777 | $69,021 |
| Home Value To Income | 2.0x | 4.0x | 3.5x |
| Rent To Monthly Income | 0.24x | 0.25x | 0.2x |
Median Home Value
Median Rent
Median Income
South Bay, FL Costs By Category
Detailed South Bay Services Costs Vs. Florida
Detailed South Bay Groceries Costs Vs. Florida
Detailed South Bay Health Costs Vs. Florida
Detailed South Bay Transportation Costs Vs. Florida
Detailed South Bay Utilities Costs Vs. Florida
South Bay SnackAbility
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Cost Of Living In Cities Around South Bay
The cost of living varies in the cities and towns around South Bay. 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, 1.4x South Bay.
Davie, FL has a cost of living index of 111, 1.3x South Bay.
Boca Raton, FL has a cost of living index of 128, 1.5x South Bay.
| City | Population | Cost Of Living | Vs. South Bay |
|---|---|---|---|
| Coral Springs, FL | 133,693 | 121 | 1.4x |
| Davie, FL | 104,782 | 111 | 1.3x |
| Boca Raton, FL | 95,347 | 128 | 1.5x |
| Weston, FL | 68,148 | 137 | 1.6x |
| Wellington, FL | 61,445 | 125 | 1.4x |
| Jupiter, FL | 60,629 | 123 | 1.4x |
| Coconut Creek, FL | 57,553 | 103 | 1.2x |
| Oakland Park, FL | 44,092 | 104 | 1.2x |
| Royal Palm Beach, FL | 38,697 | 112 | 1.3x |
| Parkland, FL | 33,772 | 154 | 1.8x |
