Cost of Living in Boca Raton, FL

Palm Beach County · 2026 Data · 5 nearby cities in county

COL Index
128
vs FL Avg
+23
Median Income
$82K

Cost of Living Breakdown

Overall Cost of Living
116vs 100 US avg
Below avg
Near avg
Above avg
High
Housing
US avg = 100128
Groceries
US avg = 100108
Healthcare
US avg = 100104
Transportation
US avg = 100112
Utilities
US avg = 100110

Housing & Income in Boca Raton

Median Home Price
$680,000
Estimated market price
Median Monthly Rent
$2,900
All unit types
Median Household Income
$82,000
Annual, pre-tax
Est. Monthly Payment
$3,342
20% down, 30yr fixed
Property Tax Rate
1%
~$6,800/yr
Price-to-Rent Ratio
19.5x
<15 favors buying

About Living in Boca Raton

Boca Raton is an affluent coastal city known for its upscale shopping, golf courses, and beautiful beaches.

With a cost of living index of 128, Boca Raton is 28% above the US average and 23 points above the Florida average of 105. The median household income of $82,000 supports a home-price-to-income ratio of 8.3x — above the recommended 4–5x threshold.

FAQ

Common questions about cost of living in Boca Raton

What is the cost of living in Boca Raton, FL?

Boca Raton's overall cost of living index is 128 compared to the US average of 100. Housing (128) is the main driver, with groceries at 108, healthcare at 104, transportation at 112, and utilities at 110.

Is Boca Raton affordable to live in?

Boca Raton is an above-average cost market with a COL index of 128, driven largely by housing. However, it offers premium amenities, strong job markets, and no state income tax.

How does Boca Raton compare to the Florida average?

Boca Raton's COL index of 128 is 23 points above the Florida average of 105. Coastal amenities and employment opportunities drive the premium.