Boynton Beach cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexBoynton BeachFloridaNational
Cost of living index10099100
IndexBoynton BeachFloridaNational
Goods & Services index10299100
Groceries index101102100
Health care index9697100
Housing index9595100
Transportation index107100100
Utilities index99103100
Displayed above is a general overview of the Boynton Beach, FL cost of living index. The overall cost of living index in Boynton Beach, FL is 100, which is 1% higher than the Florida average and equal to the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Boynton Beach, FL are 3% higher than the Florida average and 2% higher than the national average.

Did you know?

  • The cost of living in Boynton Beach is 1% higher than the Florida average.
  • The cost of living in Boynton Beach is equal to the national average.
  • The cost of housing in Boynton Beach is 5% lower than the national average.
  • Florida general sales tax is 18% higher than the national average.
  • Florida state income tax is 100% lower than the national average.

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Compare Boynton Beach, FL Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current income in Boynton Beach, FL to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Boynton Beach, FL, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Boynton Beach, FL salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$51,335$4,278$1,198$1,540
Renters$36,730$3,061$857$1,102
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Boynton Beach, FL as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Boynton Beach, FL homeowners, is $51,335. This would allow for a maximum of $1,198 per month to be spent on housing costs. For renters, the median monthly income is $36,730 which would result in a maximum of $857 to be spent on rental costs.

Florida Sales Tax

StateGeneral Sales TaxWith Max Surtax
Florida6%7.5%

Florida Income Tax

StateIncome Tax (Low)Income Tax (High)
Florida0%0%
The Florida sales tax and Florida income tax rates should definitely be considered when determining the overall cost of living in Boynton Beach, FL. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The Florida sales tax is 6% and the maximum surtax is 7.5%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The Florida income tax rates range from 0% to 0%.

Goods & Services

ItemBoynton BeachNational avg.Difference
Haircut $16.72$15.567.4%
Beauty Salon $55.45$36.1153.6%
Toothpaste $2.05$2.4717.1%
Shampoo $0.95$0.961.6%
Movie $11.23$10.1310.9%
Bowling $5.69$4.7420.2%

Groceries

ItemBoynton BeachNational avg.Difference
Ground Beef $4.89$3.9822.8%
Fried Chicken $1.23$1.4112.8%
Milk $2.48$2.0620.2%
Potatoes $3.09$2.983.5%
Pizza $8.99$9.475.1%
Beer $10.16$8.7915.5%

Health Care

ItemBoynton BeachNational avg.Difference
Optometrist $88.07$101.0412.8%
Doctor $83.34$107.4422.4%
Dentist $94.55$90.424.6%
Ibuprofen $11.13$9.2820.0%
Lipitor $408.84$426.504.1%

Housing

ItemBoynton BeachNational avg.Difference
Home Price $136,900.00$175,700.0022.1%
Avg. Mortgage Payment $1,629.35$1,133.2343.8%
Apartment Rent $1,230.00$920.0033.7%

Transportation

ItemBoynton BeachNational avg.Difference
Gasoline $2.04$1.992.4%
Tire Balancing $54.00$45.7618.0%

Utilities

ItemBoynton BeachNational avg.Difference
All Electricity$152.73$163.816.8%
Phone $30.33$28.396.9%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Schall Circle, FL1,12988-12%
Plantation Mobile Home Park, FL1,03188-12%
San Castle, FL4,51388-12%
Gun Club Estates, FL93690-10%
Seminole Manor, FL2,46490-10%
Boynton Beach, FL70,3551000%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Dale City, VA70,38112222%
Jonesboro, AR70,21785-15%
Apple Valley, CA70,5611088%
Goodyear, AZ70,1481022%
Rapid City, SD70,12693-7%
Boynton Beach, FL70,3551000%
Source: The Boynton Beach, FL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.