B
13%
Overall NAT. AVG.
4%
Groceries NAT. AVG.
34%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Oakland Park Florida National
Cost of living113102100
Groceries104102100
Health care103104100
Housing13497100
Transportation105103100
Utilities110110100
Lifestyle & Entertainment101104100
Household Items103102100
Education & Childcare101106100
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An Overview of Cost of Living in Oakland Park, FL

Are you thinking about relocating, but curious about the potential cost of living in Oakland Park? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Oakland Park stands at 113, making it 13% higher than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.

When it comes to the cost of living in Oakland Park, housing costs are a real heavyweight, often hogging a significant chunk of your earnings. Sadly, in this area, housing expenses for both buying and renting were 34% more expensive compared to your average city. That means you'll be shelling out more for homes, rents, mortgage rates and insurance.

Is Oakland Park Affordable?

Is Oakland Park an affordable place to live? That's a valid question to ask when you're thinking about moving to a new city. After all, how much it costs to live somewhere can be a huge factor in your decision. Affordability can be broken down into 3 common categories. The cost of living index (we talked about it earlier), housing expenses and income levels all play a big role in figuring out if a place is affordable. For instance, in Oakland Park, the median home price is 34.3% higher than what most folks pay across the country, and monthly rent prices are 33.2% higher than the usual rates. Income levels in Oakland Park come in at $80,330, which is 1.2% lower than the national average.

What Factors can Influence the Cost of Living in Oakland Park?

Housing: High demand for housing in desirable locations can drive up property prices and rental rates. This can be a primary contributor to a higher cost of living. While low demand for housing, especially in undesirable locations, can have the reverse effect and drive prices down, resulting in a lower cost of living. The housing index in Oakland Park, is 34% higher than the national average.

Healthcare: The costs associated with healthcare and insurance premiums can exhibit notable disparities based on the city or state of residence. Access to healthcare facilities, out-of-pocket expenses for medical appointments, dental care charges, prescription medication costs and specialized medical care expenses all contribute to variations in the cost of living. In Oakland Park, healthcare costs are 2.7% higher than the national average.

Transportation: In situations where public transportation is limited or nonexistent, local residents may be required to own and maintain their own vehicles, contributing to an elevated cost of living. Monthly expenditures may encompass fuel costs, insurance premiums, routine vehicle upkeep and possibly lease or financing payments. In Oakland Park, the transportation index is 4.5% higher than the national average.

Where is the Data From?

The cost of living data for Oakland Park 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 Quick Facts

  • The cost of living in Oakland Park is 11% higher than the Florida average
  • The cost of living in Oakland Park is 13% higher than the national average
  • Oakland Park housing is 34% 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

Most Affordable Places to Live in and Around Oakland Park

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Compare Oakland Park, FL Cost of Living

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      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$96,821$8,068$2,259$2,905
      Renters$65,434$5,453$1,527$1,963
      The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Oakland Park, 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 Oakland Park homeowners, is $96,821. This would allow for a maximum of $2,259 per month to be spent on housing costs. For renters, the median monthly income is $65,434 which would result in a maximum of $1,527 to be spent on rental 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%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Pembroke Park, FL6,9708911.0%
      Lauderdale Lakes, FL37,351981.6%
      Franklin Park, FL1,602991.2%
      Roosevelt Gardens, FL2,1391000.4%
      Lauderhill, FL73,7821065.5%
      Oakland Park, FL45,90711312.8%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      San Bruno, CA45,907214114.2%
      Morgan Hill, CA45,880200100.5%
      Whitney, NV45,8771077.3%
      Plainfield, IL45,97412424.1%
      Cleveland Heights, OH45,821928.1%
      Oakland Park, FL45,90711312.8%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.