Housing costs in Boca Raton?
A typical home costs
$642,300, which is 90.0% more expensive than the national average of
$338,100 and 77.2% more expensive than the average Florida home, at
$362,400. Renting a two-bedroom unit in Boca Raton costs
$2,540 per month, which is 62.8% more than the national average of
$1,560 and 25.6% more than the state average of
$1,890.
Can I afford Boca Raton?
To live comfortably in Boca Raton (zip 33487), Florida, a minimum annual income of
$123,120 for a family, and
$82,800 for a single person is recommended.
What does A.I. say about Boca Raton?
The cost of living in 33487 Boca Raton, FL is relatively high compared to the rest of the United States. According to BestPlaces, the cost of living index for 33487 Boca Raton in 2020 is 87.9 (the U.S. average is 100). This means that the cost of goods and services are approximately 12.1% higher than the national average in this area. The median rent price for a one-bedroom apartment here is around $1560/month, which is slightly more than double the national median rent price of $884/month. Groceries and healthcare also tend to be more expensive in this area than other parts of the country; however, transportation costs are roughly on par with national averages.