Cost of Living in Fort Lauderdale, FL

Broward County · 2026 Data · 13 nearby cities in county

COL Index
115
vs FL Avg
+10
Median Income
$62K

Cost of Living Breakdown

Overall Cost of Living
109vs 100 US avg
Below avg
Near avg
Above avg
High
Housing
US avg = 100115
Groceries
US avg = 100104
Healthcare
US avg = 100101
Transportation
US avg = 100110
Utilities
US avg = 100108

Housing & Income in Fort Lauderdale

Median Home Price
$540,000
Estimated market price
Median Monthly Rent
$2,500
All unit types
Median Household Income
$62,000
Annual, pre-tax
Est. Monthly Payment
$2,654
20% down, 30yr fixed
Property Tax Rate
0.9%
~$4,860/yr
Price-to-Rent Ratio
18.0x
<15 favors buying

About Living in Fort Lauderdale

Known as the Venice of America for its extensive canal system, Fort Lauderdale is a boating hub with beautiful beaches and a thriving downtown.

With a cost of living index of 115, Fort Lauderdale is 15% above the US average and 10 points above the Florida average of 105. The median household income of $62,000 supports a home-price-to-income ratio of 8.7x — above the recommended 4–5x threshold.

FAQ

Common questions about cost of living in Fort Lauderdale

What is the cost of living in Fort Lauderdale, FL?

Fort Lauderdale's overall cost of living index is 115 compared to the US average of 100. Housing (115) is the main driver, with groceries at 104, healthcare at 101, transportation at 110, and utilities at 108.

Is Fort Lauderdale affordable to live in?

Fort Lauderdale is an above-average cost market with a COL index of 115, driven largely by housing. However, it offers premium amenities, strong job markets, and no state income tax.

How does Fort Lauderdale compare to the Florida average?

Fort Lauderdale's COL index of 115 is 10 points above the Florida average of 105. Coastal amenities and employment opportunities drive the premium.