Cost of Living in Deerfield Beach, FL

Broward County · 2026 Data · 13 nearby cities in county

COL Index
103
vs FL Avg
-2
Median Income
$55K

Cost of Living Breakdown

Overall Cost of Living
103vs 100 US avg
Below avg
Near avg
Above avg
High
Housing
US avg = 100103
Groceries
US avg = 100102
Healthcare
US avg = 100100
Transportation
US avg = 100106
Utilities
US avg = 100104

Housing & Income in Deerfield Beach

Median Home Price
$395,000
Estimated market price
Median Monthly Rent
$1,950
All unit types
Median Household Income
$55,000
Annual, pre-tax
Est. Monthly Payment
$1,942
20% down, 30yr fixed
Property Tax Rate
0.9%
~$3,555/yr
Price-to-Rent Ratio
16.9x
<15 favors buying

About Living in Deerfield Beach

Deerfield Beach is a relaxed coastal community on the border of Broward and Palm Beach counties with a beloved fishing pier and affordable beach-town living.

With a cost of living index of 103, Deerfield Beach is 3% above the US average and 2 points below the Florida average of 105. The median household income of $55,000 supports a home-price-to-income ratio of 7.2x — above the recommended 4–5x threshold.

FAQ

Common questions about cost of living in Deerfield Beach

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

Deerfield Beach's overall cost of living index is 103 compared to the US average of 100. Housing (103) is the main driver, with groceries at 102, healthcare at 100, transportation at 106, and utilities at 104.

Is Deerfield Beach affordable to live in?

Deerfield Beach is near the national average with a COL index of 103. It offers a balance of amenities and affordability. Median rent is $1,950/mo.

How does Deerfield Beach compare to the Florida average?

Deerfield Beach's COL index of 103 is 2 points below the Florida average of 105. It's one of Florida's more budget-friendly options.