Cost of Living in Boynton Beach, FL

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

COL Index
104
vs FL Avg
-1
Median Income
$56K

Cost of Living Breakdown

Overall Cost of Living
103vs 100 US avg
Below avg
Near avg
Above avg
High
Housing
US avg = 100104
Groceries
US avg = 100102
Healthcare
US avg = 100100
Transportation
US avg = 100105
Utilities
US avg = 100103

Housing & Income in Boynton Beach

Median Home Price
$380,000
Estimated market price
Median Monthly Rent
$1,950
All unit types
Median Household Income
$56,000
Annual, pre-tax
Est. Monthly Payment
$1,868
20% down, 30yr fixed
Property Tax Rate
0.9%
~$3,420/yr
Price-to-Rent Ratio
16.2x
<15 favors buying

About Living in Boynton Beach

Boynton Beach offers Palm Beach County living at more accessible prices, with ocean access, a revitalized downtown, and a large active-adult community.

With a cost of living index of 104, Boynton Beach is 4% above the US average and 1 points below the Florida average of 105. The median household income of $56,000 supports a home-price-to-income ratio of 6.8x — above the recommended 4–5x threshold.

FAQ

Common questions about cost of living in Boynton Beach

What is the cost of living in Boynton Beach, FL?

Boynton Beach's overall cost of living index is 104 compared to the US average of 100. Housing (104) is the main driver, with groceries at 102, healthcare at 100, transportation at 105, and utilities at 103.

Is Boynton Beach affordable to live in?

Boynton Beach is near the national average with a COL index of 104. It offers a balance of amenities and affordability. Median rent is $1,950/mo.

How does Boynton Beach compare to the Florida average?

Boynton Beach's COL index of 104 is 1 points below the Florida average of 105. It's one of Florida's more budget-friendly options.