Southwest Ranches, FL Cost Of Living
Cost Of Living In Southwest Ranches, FL Summary
Cost of living in Southwest Ranches 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 Southwest Ranches 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 Southwest Ranches is 171, with 100 being the average.
The cost of living index in Southwest Ranches is 1.7x higher than the national average.
Southwest Ranches ranks as the #451 cheapest in Florida out of 459.
Southwest Ranches ranks as the #6,086 cheapest out of 6,489 in the US.
The median home value in Southwest Ranches is $1,421,182.
The median income in Southwest Ranches is $157,390.
Table Of Contents
Southwest Ranches's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Southwest Ranches, FL?
According to the most recent data on the cost of living, Southwest Ranches has an overall cost of living index of 171, which is 1.7x higher than the national index of 100.
Compared to Florida, Southwest Ranches has a cost of living index that's 1.8x higher than Florida's index of 97.
The standard of living in Southwest Ranches ranks as #451 most affordable out of the 459 places we measured in Florida. By definition, that implies Southwest Ranches ranks as the #8 most expensive place in the Sunshine State.
For more reading on life in Southwest Ranches, check out:
In Florida
In America
Southwest Ranches Cost Of Living Vs. Florida
Six factors go into calculating the cost of living index in Southwest Ranches. Here is how it fairs on each of the criteria:
The Services index in Southwest Ranches is 106.
The Groceries index in Southwest Ranches is 105.
The Health index in Southwest Ranches is 93.
The Housing index in Southwest Ranches is 328.
The Transportation index in Southwest Ranches is 100.
The Utilities index in Southwest Ranches is 101.
| Living Expense | Southwest Ranches | Florida | National Average | |
|---|---|---|---|---|
| Overall | 171 | 97 | 100 | |
| Services | 106 | 96 | 100 | |
| Groceries | 105 | 99 | 100 | |
| Health | 93 | 98 | 100 | |
| Housing | 328 | 96 | 100 | |
| Transportation | 100 | 97 | 100 | |
| Utilities | 101 | 95 | 100 | |
Southwest Ranches, 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 2019-2023. The key points are:
The Median Home Value in Southwest Ranches is $1,421,182.
The Median Rent in Southwest Ranches is $2,730.
The Median Income in Southwest Ranches is $157,390.
The Home Value To Income in Southwest Ranches is 9.0x.
The Rent To Monthly Income in Southwest Ranches is 0.21x.
| Statistic | Southwest Ranches | Florida | United States |
|---|---|---|---|
| Median Home Value | $1,421,182 | $377,066 | $303,400 |
| Median Rent | $2,730 | $1,564 | $1,348 |
| Median Income | $157,390 | $71,711 | $78,538 |
| Home Value To Income | 9.0x | 5.3x | 3.9x |
| Rent To Monthly Income | 0.21x | 0.26x | 0.21x |
Median Home Value
Median Rent
Median Income
Southwest Ranches, FL Costs By Category
Detailed Southwest Ranches Services Costs Vs. Florida
| Item | Southwest Ranches | 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 |
Detailed Southwest Ranches Groceries Costs Vs. Florida
| Item | Southwest Ranches | 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 |
Detailed Southwest Ranches Health Costs Vs. Florida
| Item | Southwest Ranches | Florida |
|---|---|---|
| Optometrist | $113.16 | $125.68 |
| Doctor | $114.67 | $135.78 |
| Dentist | $106.72 | $113.29 |
Detailed Southwest Ranches Transportation Costs Vs. Florida
| Item | Southwest Ranches | Florida |
|---|---|---|
| Gasoline | $3.43 | $3.46 |
| Tire Balancing | $63.46 | $59.92 |
Detailed Southwest Ranches Utilities Costs Vs. Florida
| Item | Southwest Ranches | Florida |
|---|---|---|
| All Electricity | $200.94 | $193.99 |
| Phone | $194.37 | $192.25 |
Southwest Ranches SnackAbility
/10
Cost Of Living In Cities Around Southwest Ranches
The cost of living varies in the cities and towns around Southwest Ranches. 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, 0.7x Southwest Ranches.
Miramar, FL has a cost of living index of 122, 0.7x Southwest Ranches.
Coral Springs, FL has a cost of living index of 130, 0.8x Southwest Ranches.
| City | Population | Cost Of Living | Vs. Southwest Ranches |
|---|---|---|---|
| Pembroke Pines, FL | 170,557 | 122 | 0.7x |
| Miramar, FL | 135,986 | 122 | 0.7x |
| Coral Springs, FL | 133,962 | 130 | 0.8x |
| Miami Gardens, FL | 111,264 | 111 | 0.6x |
| Davie, FL | 106,412 | 122 | 0.7x |
| Weston, FL | 67,952 | 152 | 0.9x |
| Coconut Creek, FL | 57,587 | 111 | 0.6x |
| Country Club, FL | 51,000 | 115 | 0.7x |
| North Lauderdale, FL | 44,650 | 109 | 0.6x |
| Oakland Park, FL | 44,015 | 111 | 0.6x |
