Southwest Ranches, FL Cost Of Living
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 165 which is 1.6x higher than the national index of 100.
Compared to only Florida, Southwest Ranches has a cost of living index that's 1.7x higher than Florida's index of 99.
The standard of living in Southwest Ranches ranks as #6068 most affordable out of the 6522 places we measured in Florida. By definition, that implies Southwest Ranches ranks as the #339 most expensive place in the Sunshine State.
Southwest Ranches Cost Of Living Vs. Florida
| Living Expense | Southwest Ranches | Florida | National Average | |
|---|---|---|---|---|
| Overall | 165 | 99 | 100 | |
| Services | 99 | 99 | 100 | |
| Groceries | 106 | 105 | 100 | |
| Health | 100 | 100 | 100 | |
| Housing | 312 | 96 | 100 | |
| Transportation | 108 | 98 | 100 | |
| Utilities | 98 | 102 | 100 | |
Southwest Ranches, FL Housing Cost Breakdown
Housing swings affordability the most between places in Florida, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.
Home and income come data comes from the most recent US Census ACS 2014-2018.
| Statistic | Southwest Ranches | Florida | United States |
|---|---|---|---|
| Median Home Value | $627,700 | $196,800 | $204,900 |
| Median Rent | $2,893 | $1,128 | $1,023 |
| Median Income | $104,083 | $53,267 | $60,293 |
| Home Value To Income | 6.0x | 3.7x | 3.4x |
| Rent To Monthly Income | 0.33x | 0.25x | 0.2x |
Southwest Ranches SnackAbility
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Cost Of Living In Cities Around Southwest Ranches
| City | Population | Cost Of Living | Vs. Southwest Ranches | Pembroke Pines, FL | 168,260 | 111 | 0.7x | Miramar, FL | 138,168 | 111 | 0.7x | Coral Springs, FL | 131,151 | 117 | 0.7x | Miami Gardens, FL | 112,913 | 99 | 0.6x | Davie, FL | 103,132 | 109 | 0.7x | Weston, FL | 70,220 | 137 | 0.8x | Coconut Creek, FL | 59,997 | 101 | 0.6x | Country Club, FL | 49,684 | 103 | 0.6x | Oakland Park, FL | 44,339 | 100 | 0.6x | North Lauderdale, FL | 43,829 | 96 | 0.6x |
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