Housing costs in Coral Terrace?
A typical home costs
$410,000, which is 21.3% more expensive than the national average of
$338,100 and 13.1% more expensive than the average Florida home, at
$362,400. Renting a two-bedroom unit in Coral Terrace costs
$2,210 per month, which is 54.5% more than the national average of
$1,430 and 29.4% more than the state average of
$1,560.
Can I afford Coral Terrace?
To live comfortably in Coral Terrace, Florida, a minimum annual income of
$78,480 for a family, and
$70,800 for a single person is recommended.
What does A.I. say about Coral Terrace?
Coral Terrace, FL is known for its affordable cost of living. The average home price in Coral Terrace is just under $300,000 and rent prices tend to be lower than the national average. Additionally, food, transportation, and clothing costs are also generally lower than the national averages. This makes Coral Terrace an attractive option for families looking for a comfortable lifestyle without having to spend too much money. Furthermore, Florida's overall tax rate is relatively low when compared with other states making it even more attractive for those looking to save money on their monthly expenses.