Housing costs in Ocean Ridge?
A typical home costs
$1,447,000, which is 328.0% more expensive than the national average of
$338,100 and 299.3% more expensive than the average Florida home, at
$362,400. Renting a two-bedroom unit in Ocean Ridge costs
$1,880 per month, which is 31.5% more than the national average of
$1,430 and 17.0% more than the state average of
$1,560.
Can I afford Ocean Ridge?
To live comfortably in Ocean Ridge, Florida, a minimum annual income of
$277,200 for a family, and
$61,600 for a single person is recommended.
What does A.I. say about Ocean Ridge?
The cost of living in Ocean Ridge, FL is considerably higher than the national average. According to Sperling's Best Places, the cost of living index for Ocean Ridge is 124.5, as compared to the U.S national index of 100. The median home value in Ocean Ridge is $744,300, which is well above the median home value for Florida ($211,400). Groceries are also relatively expensive in Ocean Ridge, with a grocery index of 111.4 compared to the U.S national index (100). Other category expenses such as transportation and utilities are also much higher than that found nationally. Despite these expenses, many people find it worth it due to the area’s great sense of community and its proximity to beaches and other attractions.