Cost Of Living in Pembroke Park, FL

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Pembroke Park	Florida	National
Cost of living	89	98	100
Goods & Services	105	98	100
Groceries	104	99	100
Health care	93	96	100
Housing	56	96	100
Transportation	101	99	100
Utilities	103	97	100

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Cost Of Living Quick Facts

The cost of living in Pembroke Park is 9% lower than the Florida average
The cost of living in Pembroke Park is 11% lower than the national average
Pembroke Park housing is 44% 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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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$35,709	$2,976	$833	$1,071
Renters	$41,073	$3,423	$958	$1,232

The affordability of the housing market in Pembroke Park, FL as well as the overall cost of living can be predicted by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Pembroke Park homeowners, the median income is $35,709. This indicates that a monthly maximum of $833 should be spent by homeowners on all housing related costs. Renters have a median income of $41,073. This indicates that renters would have a maximum of $958 for their rent related monthly costs.

Florida Sales Tax

State	General Sales Tax	With Max Surtax
Florida	6%	7.5%

Florida Income Tax

State	Income Tax (Low)	Income Tax (High)
Florida	0%	0%

Goods & Services

Item	Pembroke Park	National avg.	Difference
Haircut	$22.18	$24.26	8.6%
Beauty Salon	$73.78	$45.56	61.9%
Toothpaste	$3.50	$3.70	5.6%
Shampoo	$1.49	$1.28	16.0%
Movie	$13.42	$12.13	10.6%
Bowling	$23.13	$18.00	28.5%

Groceries

Item	Pembroke Park	National avg.	Difference
Ground Beef	$5.79	$5.84	0.8%
Fried Chicken	$1.40	$1.57	11.2%
Milk	$4.58	$4.67	2.0%
Potatoes	$5.27	$4.93	6.8%
Pizza	$14.00	$12.09	15.8%
Beer	$11.23	$10.41	7.9%

Health Care

Item	Pembroke Park	National avg.	Difference
Optometrist	$113.16	$125.68	10.0%
Doctor	$114.67	$135.78	15.5%
Dentist	$106.72	$113.29	5.8%
Ibuprofen	$10.94	$10.65	2.7%
Lipitor	$489.98	$468.60	4.6%

Housing

Item	Pembroke Park	National avg.	Difference
Home Price	$47,100.00	$184,700.00	74.5%
Avg. Mortgage Payment	$3,476.17	$2,346.69	48.1%
Apartment Rent	$1,218.00	$949.00	28.3%

Transportation

Item	Pembroke Park	National avg.	Difference
Gasoline	$3.43	$3.46	0.9%
Tire Balancing	$63.46	$59.92	5.9%

Utilities

Item	Pembroke Park	National avg.	Difference
All Electricity	$200.94	$193.99	3.6%
Phone	$194.37	$192.25	1.1%

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	Population	Cost of Living Index	National Avg.
Medley, FL	1,053	87	12.6%
Lauderdale Lakes, FL	36,063	97	3.2%
Gladeview, FL	13,490	98	1.8%
Franklin Park, FL	1,549	98	1.7%
Roosevelt Gardens, FL	2,068	99	1.0%
Pembroke Park, FL	6,716	89	10.9%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Roslyn Heights, NY	6,716	200	100.2%
Scottsburg, IN	6,715	88	11.8%
Lutherville, MD	6,715	126	26.4%
Linwood, NJ	6,719	119	18.9%
Bayville, NY	6,720	161	60.8%
Pembroke Park, FL	6,716	89	10.9%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

Cost of Living in Pembroke Park, FL