| Index | Coral Springs | Florida | National |
| Cost of living | 132 | 102 | 100 |
| Groceries | 102 | 102 | 100 |
| Health care | 107 | 104 | 100 |
| Housing | 194 | 97 | 100 |
| Transportation | 105 | 103 | 100 |
| Utilities | 111 | 110 | 100 |
| Lifestyle & Entertainment | 103 | 104 | 100 |
| Household Items | 102 | 102 | 100 |
| Education & Childcare | 105 | 106 | 100 |
The cost of living in Coral Springs 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 Coral Springs is 132, which is 32% higher than the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.
The cost of living in Coral Springs is among the highest in the country, making it a very expensive place to live. Only a small fraction of regions boast a cost of living that is at least 20% higher than the national average, and regrettably, Coral Springs falls into this category, which may not be suitable for those seeking an economically favorable living environment.
Housing costs make up a big chunk of the cost of living in Coral Springs, 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 94.2% more than the average city. This includes stuff like home prices, rent, mortgage rates, and insurance.
The real experts on a city are its residents. That's why we reached out to 15 locals to get their views on the cost of living in Coral Springs. We surveyed the residents and asked them if they felt like prices were affordable or out of reach. The results were as follows. 20% found it budget-friendly with decreasing prices, while 80% said it's simply not affordable as prices have continued to rise.
Is Coral Springs affordable? This is a pivotal question, especially when mulling over a move, as affordability carries substantial weight in your decision-making process. Factors such as the cost of living index (discussed earlier), housing expenses and income levels all contribute to a location's affordability. For instance, in Coral Springs, the median home price is 108% higher than the national average and monthly rent prices are 62% higher than the typical rates. Additionally, the median income levels play a role in affordability, with Coral Springs boasting a median household income of $117,756, 44.8% higher than the national average.
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 Coral Springs, the groceries index is 1.8% higher than the national average.
Transportation: If public transportation is limited or not available, residents may need to own and maintain vehicles, which can add to the cost of living. Gas, insurance, regular maintenance and potentially lease or finance payments will all need to be paid on a monthly basis. In Coral Springs, the transportation index is 4.7% higher than the national average.
Housing: A sought-after location with high housing demand often leads to increased property values and rental rates, which can significantly inflate the overall cost of living. Conversely, areas with low housing demand, particularly in less desirable locales, tend to experience the opposite effect, causing prices to drop and contributing to a more affordable cost of living. In Coral Springs, the housing index stands at 94.2% higher than the national average.
The cost of living estimates displayed for Coral Springs are modeled using a U.S. average baseline of 100, helping provide a useful comparison of local living expenses. Housing calculations include U.S. Census home price and rental data, while all other values are AI-assisted estimates based on regional cost patterns, climate, transportation, and everyday spending expectations. These values are intended for directional comparisons across 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 | $153,537 | $12,795 | $3,582 | $4,607 |
| Renters | $80,450 | $6,704 | $1,877 | $2,414 |
| 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. |
| Lauderdale Lakes, FL | 37,351 | 98 | 1.6% |
| Franklin Park, FL | 1,602 | 99 | 1.2% |
| Roosevelt Gardens, FL | 2,139 | 100 | 0.4% |
| Lauderhill, FL | 73,782 | 106 | 5.5% |
| Watergate, FL | 3,788 | 106 | 5.9% |
| Coral Springs, FL | 137,865 | 132 | 31.5% |
| City | Population | Cost of Living Index | National Avg. |
| Gainesville, FL | 138,122 | 104 | 3.9% |
| Ajax, ON | 138,303 | n/a | |
| Columbia, SC | 137,084 | 100 | 0.4% |
| Trois-Rivières, QC | 138,766 | n/a | |
| Hampton, VA | 138,888 | 105 | 5.0% |
| Coral Springs, FL | 137,865 | 132 | 31.5% |
Here are the best places to live in Florida
Check out the 10 most dangerous cities in Florida
Safest States In The US
Safest Cities In The US