Coconut Creek 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.
IndexCoconut CreekFloridaNational
Cost of living index10199100
IndexCoconut CreekFloridaNational
Goods & Services index10299100
Groceries index101102100
Health care index9697100
Housing index9995100
Transportation index107100100
Utilities index99103100
A general summary of the cost of living index in Coconut Creek, FL is shown above. Compared to the state average of Florida the cost of living index in Coconut Creek, FL is 101, which is 2% higher than the average in Florida and compared to the national average it is 1% higher than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Coconut Creek, FL goods and services come in at 3% higher than the average in Florida and are 2% higher than compared to the nationwide average.

Did you know?

  • The cost of living in Coconut Creek is 2% higher than the Florida average.
  • The cost of living in Coconut Creek is 1% higher than the national average.
  • The cost of housing in Coconut Creek is 1% 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 Coconut Creek, FL Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
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Groceries index
Health care index
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Using the salary calculator lets you compare the salary you earn in Coconut Creek, FL to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Coconut Creek, FL, you have to earn a higher income in order to still have the same standard of living. To operate the Coconut Creek, FL salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$58,662$4,889$1,369$1,760
Renters$46,684$3,890$1,089$1,401
If you want to find a good determining factor for the cost of living and the general affordability of housing in Coconut Creek, 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 Coconut Creek, FL, the median monthly income is $58,662 for those who own their own homes. Under the standard rule, that income level would allow for $1,369 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $46,684, per the median income in the area. That would allow for renters to spend up to $1,089 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%
When considering the overall cost of living expenses in Coconut Creek, FL, it's important to take into account the sales tax for Florida, as well as the rate for income tax in Florida. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for Florida is 7.5%, and the sales tax in the state of Florida is 6%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in Florida starts from 0% and goes up to 0%.

Goods & Services

ItemCoconut CreekNational 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

ItemCoconut CreekNational 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

ItemCoconut CreekNational 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

ItemCoconut CreekNational avg.Difference
Home Price $139,400.00$175,700.0020.7%
Avg. Mortgage Payment $1,629.35$1,133.2343.8%
Apartment Rent $1,321.00$920.0043.6%

Transportation

ItemCoconut CreekNational avg.Difference
Gasoline $2.04$1.992.4%
Tire Balancing $54.00$45.7618.0%

Utilities

ItemCoconut CreekNational 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.
Franklin Park, FL1,00090-10%
Lauderdale Lakes, FL33,71091-9%
Lauderhill, FL69,08293-7%
Watergate, FL3,14293-7%
Washington Park, FL1,51494-6%
Coconut Creek, FL55,5901011%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Chicopee, MA55,60311212%
Decatur, AL55,64187-13%
Santee, CA55,43513030%
Anderson, IN55,78983-17%
New Brunswick, NJ55,80411818%
Coconut Creek, FL55,5901011%
Source: The Coconut Creek, FL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.