Broadview Park 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.
IndexBroadview ParkFloridaNational
Cost of living index95100100
IndexBroadview ParkFloridaNational
Goods & Services index99101100
Groceries index102105100
Health care index9997100
Housing index8195100
Transportation index118105100
Utilities index97102100
Displayed above is a general overview of the Broadview Park, FL cost of living index. The overall cost of living index in Broadview Park, FL is 95, which is 4% lower than the Florida average and 5% lower than 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 Broadview Park, FL are 2% lower than the Florida average and 1% lower than the national average.

Did you know?

  • The cost of living in Broadview Park is 4% lower than the Florida average.
  • The cost of living in Broadview Park is 5% lower than the national average.
  • The cost of housing in Broadview Park is 19% 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 Broadview Park, FL Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current income in Broadview Park, 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 Broadview Park, FL, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Broadview Park, 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$49,961$4,163$1,166$1,499
Renters$36,250$3,021$846$1,088
If you want to find a good determining factor for the cost of living and the general affordability of housing in Broadview Park, FL, all you must look at is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Broadview Park, FL, the median monthly income is $49,961 for those who own their own homes. Under the standard rule, that income level would allow for $1,166 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $36,250, per the median income in the area. That would allow for renters to spend up to $846 on monthly rental expenses.

Florida Sales Tax

StateGeneral Sales TaxWith Max Surtax
Florida6%7.5%

Florida Income Tax

StateIncome Tax (Low)Income Tax (High)
Florida0%0%
For those who live in Broadview Park, FL and want to know what the true cost of living is, they ought to look at both the Florida income tax rate and the Florida sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In Florida, the sales tax is 6%, while the most you'll pay in surtax is 7.5%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in Florida, the income tax rate ranges between 0% to 0%.

Goods & Services

ItemBroadview ParkNational avg.Difference
Haircut $12.83$14.5912.1%
Beauty Salon $49.75$34.6843.5%
Toothpaste $2.91$2.4717.7%
Shampoo $1.03$1.020.8%
Movie $12.41$9.8725.8%
Bowling $4.53$4.393.1%

Groceries

ItemBroadview ParkNational avg.Difference
Ground Beef $5.12$4.4814.4%
Fried Chicken $1.56$1.466.6%
Milk $2.82$2.3619.7%
Potatoes $3.32$3.068.4%
Pizza $8.99$9.242.7%
Beer $8.02$8.637.1%

Health Care

ItemBroadview ParkNational avg.Difference
Optometrist $95.80$99.784.0%
Doctor $87.00$105.0317.2%
Dentist $87.40$88.701.5%
Ibuprofen $11.59$9.4123.1%
Lipitor $332.58$298.5011.4%

Housing

ItemBroadview ParkNational avg.Difference
Home Price $112,500.00$175,700.0036.0%
Avg. Mortgage Payment $1,564.37$1,081.0344.7%
Apartment Rent $1,098.00$920.0019.3%

Transportation

ItemBroadview ParkNational avg.Difference
Gasoline $2.35$2.0912.6%
Tire Balancing $59.59$45.2931.6%

Utilities

ItemBroadview ParkNational avg.Difference
All Electricity$166.37$170.802.6%
Phone $27.52$28.262.6%
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.
Pembroke Park, FL6,22089-11%
Franklin Park, FL1,00090-10%
Opa-locka, FL15,86794-6%
Lauderdale Lakes, FL33,71091-9%
Lauderhill, FL69,08293-7%
Broadview Park, FL7,17595-5%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
West Vero Corridor, FL7,17691-9%
Heber Springs, AR7,17793-7%
Corona de Tucson, AZ7,1721044%
Naples Park, FL7,17811212%
Landen, OH7,1711000%
Broadview Park, FL7,17595-5%
Source: The Broadview Park, FL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.