Is Pembroke Pines, FL Expensive to Live In?
Pembroke Pines has a cost of living index of 107 — 7% above the US average of 100 and 2 points above the Florida state average of 105. Pembroke Pines is a family-friendly suburb with excellent schools, well-maintained neighborhoods, and easy access to both Miami and Fort Lauderdale.
Florida's zero state income tax adds meaningful take-home purchasing power compared to most US states. A household earning $72,000 in Pembroke Pines pays no state income tax — a significant advantage when evaluating affordability.
Home Prices in Pembroke Pines, Florida
The median home price in Pembroke Pines is $470,000 — $41,100 above the Florida median of $428,900. At today's 6.23% rate, buyers putting 20% down face a monthly principal & interest payment of $2,310. With 10% down, that rises to $2,599/mo.
Cost of Living by Category
Index scores relative to US average (100). Above 100 = more expensive than average.
Should You Rent or Buy in Pembroke Pines?
Pembroke Pines's price-to-rent ratio of 18.2x sits in a neutral range. Whether renting or buying makes more sense depends on how long you plan to stay, your down payment, and local appreciation expectations.
Frequently Asked Questions
What is the cost of living in Pembroke Pines, Florida?
Pembroke Pines's cost of living index is 107 — 7% above the US average of 100. Housing is the primary driver (index: 107), along with groceries (104), healthcare (100), transportation (108), and utilities (106).
What is the median home price in Pembroke Pines, FL?
The median home price in Pembroke Pines is $470,000 as of 2026. At the current 6.23% 30-year mortgage rate, a buyer with 20% down ($94,000) would pay approximately $2,310/month in principal and interest.
What is the average rent in Pembroke Pines?
The median rent in Pembroke Pines, Florida is $2,150 per month. The price-to-rent ratio of 18.2x is in the neutral range for most residents.
Is Pembroke Pines, Florida affordable in 2026?
Pembroke Pines is near average with a COL index of 107. The median household income is $72,000, giving a price-to-income ratio of 6.5x. Florida's zero state income tax effectively increases take-home pay, improving affordability relative to states like New York or California.
How does Pembroke Pines compare to the rest of Florida?
Pembroke Pines's COL index of 107 is 2 points above the Florida average of 105. The median home price ($470,000) is above the Florida median of $428,900.