Deerfield Beach, FL Cost Of Living

Deerfield 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.
Index	Deerfield Beach	Florida	National
Cost of living index	98	99	100
Index	Deerfield Beach	Florida	National
Goods & Services index	103	99	100
Groceries index	104	105	100
Health care index	96	98	100
Housing index	85	96	100
Transportation index	113	100	100
Utilities index	98	103	100

An overview of the general cost of living index for Deerfield Beach, FL is displayed above for your reference. Residents in Deerfield Beach, FL enjoy a cost of living index of 98. This index is 2% lower than the Florida average, and 2% lower than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Deerfield Beach, FL, the average cost of goods and services is 4% higher than it is in Florida, and it is 3% higher than the national average.

Did you know?

The cost of living in Deerfield Beach is 2% lower than the Florida average.
The cost of living in Deerfield Beach is 2% lower than the national average.
The cost of housing in Deerfield Beach is 15% 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

The salary calculator is used in order to provide a comparison of your current salary in Deerfield Beach, FL to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Deerfield Beach, FL, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Deerfield Beach, FL salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$45,121	$3,760	$1,053	$1,354
Renters	$37,156	$3,096	$867	$1,115

A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Deerfield Beach, FL, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Deerfield Beach, FL has a median income of about $45,121 for people who own homes. Based on that number, a person should spend a maximum of $1,053 on expenses related to housing. Renters have a slightly different median income, which is $37,156. Based on this average, renters should spend no more than $867 on all of their rental costs if they want to maintain a non-impoverished standard of living.

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%

One thing to keep in mind when considering the cost of living in Deerfield Beach, FL is the Florida sales tax and Florida income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The Florida sales tax rate is 6% and the maximum surtax that can be charged is 7.5%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The Florida income tax rates range from 0% to 0%.

Goods & Services

Item	Deerfield Beach	National avg.	Difference
Haircut	$16.15	$16.09	0.4%
Beauty Salon	$61.89	$37.33	65.8%
Toothpaste	$2.40	$2.45	1.8%
Shampoo	$1.00	$1.00	0.4%
Movie	$11.36	$10.28	10.5%
Bowling	$8.74	$4.93	77.1%

Groceries

Item	Deerfield Beach	National avg.	Difference
Ground Beef	$4.36	$3.80	14.5%
Fried Chicken	$1.30	$1.40	6.7%
Milk	$2.49	$2.01	24.2%
Potatoes	$3.44	$3.01	14.1%
Pizza	$8.99	$9.89	9.1%
Beer	$9.39	$8.90	5.5%

Health Care

Item	Deerfield Beach	National avg.	Difference
Optometrist	$94.17	$102.16	7.8%
Doctor	$83.20	$108.36	23.2%
Dentist	$97.89	$92.53	5.8%
Ibuprofen	$11.35	$9.28	22.3%
Lipitor	$405.35	$425.82	4.8%

Housing

Item	Deerfield Beach	National avg.	Difference
Home Price	$124,900.00	$184,700.00	32.4%
Avg. Mortgage Payment	$1,898.18	$1,202.44	57.9%
Apartment Rent	$1,177.00	$949.00	24.0%

Transportation

Item	Deerfield Beach	National avg.	Difference
Gasoline	$2.36	$2.24	5.0%
Tire Balancing	$59.72	$46.29	29.0%

Utilities

Item	Deerfield Beach	National avg.	Difference
All Electricity	$159.36	$165.96	4.0%
Phone	$29.11	$28.68	1.5%

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, State	Population	Cost of Living Index	National Avg.
Franklin Park, FL	1,039	90	-10%
Lauderdale Lakes, FL	34,321	93	-7%
Watergate, FL	3,527	94	-6%
Lauderhill, FL	70,452	94	-6%
Washington Park, FL	1,479	94	-6%
Deerfield Beach, FL	78,642	98	-2%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
St. George, UT	78,573	102	2%
Lynchburg, VA	78,755	90	-10%
Brooklyn Park, MN	78,823	103	3%
Mountain View, CA	78,827	215	115%
Medford, OR	78,856	109	9%
Deerfield Beach, FL	78,642	98	-2%

Source: The Deerfield Beach, FL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.

Deerfield Beach, FL Cost of Living