Housing costs in Fort Lauderdale?
A typical home costs
$754,200, which is 123.1% more expensive than the national average of
$338,100 and 108.1% more expensive than the average Florida home, at
$362,400. Renting a two-bedroom unit in Fort Lauderdale costs
$1,620 per month, which is 3.8% more than the national average of
$1,560 and 16.7% cheaper than the state average of
$1,890.
Can I afford Fort Lauderdale?
To live comfortably in Fort Lauderdale (zip 33316), Florida, a minimum annual income of
$144,360 for a family, and
$52,000 for a single person is recommended.
What does A.I. say about Fort Lauderdale?
Living in 33316 Fort Lauderdale, FL can be expensive. The cost of living index in the area is 126.7, which is higher than the U.S. average of 100. Housing costs are particularly high with a median home value of $270,000 and a median rent of $1,500 per month. Food and transportation costs are also above the national average due to the urban location of this area. Additionally, medical care and utilities are more costly due to the state's taxes and fees associated with living in this area of Florida. All in all, living in 33316 Fort Lauderdale, FL can be an expensive proposition for those looking to relocate or make it their permanent home.