| Index | Boynton Beach | Florida | National |
| Cost of living | 113 | 102 | 100 |
| Groceries | 104 | 102 | 100 |
| Health care | 102 | 104 | 100 |
| Housing | 135 | 97 | 100 |
| Transportation | 102 | 103 | 100 |
| Utilities | 108 | 110 | 100 |
| Lifestyle & Entertainment | 101 | 104 | 100 |
| Household Items | 104 | 102 | 100 |
| Education & Childcare | 101 | 106 | 100 |
The cost of living in Boynton Beach affects the quality of life one can afford in this new location. It allows people to assess whether they can maintain their preferred lifestyle, including housing, leisure activities and dining options. Your total monthly expenditures can varry depending on the area, as well as many other factors. The cost of living in Boynton Beach is 113, which is 13% higher than the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.
Housing costs make up a big chunk of the cost of living in Boynton Beach, and they usually eat into a large part of your take-home pay. Unfortunately, in this area, both buying a home and renting one costs 35.2% more than the average city. This includes stuff like home prices, rent, mortgage rates, and insurance.
When it comes to knowing a city, its residents are the experts. We conducted a survey with 9 locals to understand their opinions on the cost of living in Boynton Beach. The results indicated that 33% found it reasonably priced with decreasing prices of goods and services, while 67% viewed it as quite expensive, with increasing prices.
Is Boynton Beach affordable? It's a key consideration when pondering a move, as affordability often shapes your choices. The cost of living index (we discussed it earlier), coupled with housing costs and income levels, serves as the cornerstone for determining a location's affordability. Take Boynton Beach, for instance, where the median home price falls 24.8% higher than the national average, and monthly rent rates are 59.3% higher than usual. Additionally, median income levels contribute to the equation, with Boynton Beach flaunting a median household income of $84,344, 3.7% higher than the national norm.
Taxes: Locations with elevated tax rates, encompassing both sales and income taxes, can be a factor in driving up the cost of living. When you're paying more in taxes for everyday household expenses, it naturally translates into higher expenses. Similarly, a higher income tax rate can also contribute to an overall higher cost of living. In Boynton Beach, the standard sales tax rate starts at 6%, and the income tax rates commence at 0%.
Groceries: Grocery prices have seen substantial hikes in the last 2-3 years, with some markets witnessing food cost increases of over 20% during this period. Conversely, certain markets have experienced only moderate upticks. These variations in food expenses can have a substantial impact on the overall cost of living in any locality. In Boynton Beach, the groceries index is 4.4% higher than the national average.
Housing: When everyone's vying for homes in popular areas, it drives up property prices and rents, making the overall cost of living surge. On the flip side, in less sought-after locales, where housing demand is low, prices tend to dip, resulting in a more economical cost of living. In Boynton Beach, the housing index comes in at 35.2% higher than the national average.
The cost of living data for Boynton Beach shown above is based on a U.S. average baseline score of 100, making it easier to compare how far your dollar may go from one city to another. Housing uses U.S. Census home price and rental data, while all remaining values are AI-assisted estimates informed by regional pricing, climate, transportation dynamics, and local economic factors. These scores are best used for directional comparisons between cities.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $95,105 | $7,925 | $2,219 | $2,853 |
| Renters | $73,533 | $6,128 | $1,716 | $2,206 |
| State | General Sales Tax | With Max Surtax |
| Florida | 6% | 7.5% |
| State | Income Tax (Low) | Income Tax (High) |
| Florida | 0% | 0% |
| City | Population | Cost of Living Index | National Avg. |
| Plantation Mobile Home Park, FL | 1,699 | 87 | 12.6% |
| Lake Worth, FL | 38,026 | 100 | 0.2% |
| San Castle, FL | 4,211 | 101 | 0.8% |
| Royal Palm Estates, FL | 1,662 | 103 | 2.6% |
| Westgate, FL | 10,229 | 102 | 2.3% |
| Boynton Beach, FL | 80,667 | 113 | 12.8% |
| City | Population | Cost of Living Index | National Avg. |
| Parma, OH | 80,602 | 88 | 11.6% |
| Perris, CA | 80,566 | 131 | 31.2% |
| Napa, CA | 80,932 | 173 | 72.7% |
| Pharr, TX | 80,998 | 85 | 15.4% |
| New Rochelle, NY | 81,413 | 159 | 58.5% |
| Boynton Beach, FL | 80,667 | 113 | 12.8% |
Here are the best places to live in Florida
See the best places to live in Boynton Beach
These are the 10 cheapest cities in Florida
Most Dangerous States In The US