Pompano 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.
IndexPompano BeachFloridaNational
Cost of living index102101100
IndexPompano BeachFloridaNational
Goods & Services index99101100
Groceries index102105100
Health care index9997100
Housing index10299100
Transportation index118105100
Utilities index97102100
A general overview of the cost of living index for Pompano Beach, FL is displayed above. In Pompano Beach, FL, the overall cost of living index is 102, which is equal to the Florida average and 2% higher than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Pompano Beach, FL, the city's goods and services are 2% lower than the Florida average and 1% lower than the U.S. average.

Did you know?

  • The cost of living in Pompano Beach is equal to the Florida average.
  • The cost of living in Pompano Beach is 2% higher than the national average.
  • The cost of housing in Pompano Beach is 2% higher 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 Pompano Beach, FL Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current income in Pompano 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 Pompano Beach, FL, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Pompano 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$50,856$4,238$1,187$1,526
Renters$28,917$2,410$675$868
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Pompano 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 Pompano Beach, FL homeowners, is $50,856. This would allow for a maximum of $1,187 per month to be spent on housing costs. For renters, the median monthly income is $28,917 which would result in a maximum of $675 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%
When considering the overall cost of living expenses in Pompano Beach, 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

ItemPompano BeachNational 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

ItemPompano BeachNational 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

ItemPompano BeachNational 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

ItemPompano BeachNational avg.Difference
Home Price $172,600.00$181,400.004.9%
Avg. Mortgage Payment $1,564.37$1,081.0344.7%
Apartment Rent $1,036.00$889.0016.5%

Transportation

ItemPompano BeachNational avg.Difference
Gasoline $2.35$2.0912.6%
Tire Balancing $59.59$45.2931.6%

Utilities

ItemPompano BeachNational 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.
Franklin Park, FL1,12590-10%
Lauderdale Lakes, FL32,91293-7%
Watergate, FL2,57093-7%
Boulevard Gardens, FL1,33494-6%
Lauderhill, FL67,55395-5%
Pompano Beach, FL100,8191022%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Round Rock, TX100,76495-5%
Columbia, MD100,73512626%
Temecula, CA100,62112828%
South Bend, IN101,28281-19%
Centennial, CO101,33911717%
Pompano Beach, FL100,8191022%
Source: The Pompano Beach, FL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.