| Index | Parkland | Florida | National |
| Cost of living | 171 | 102 | 100 |
| Groceries | 101 | 102 | 100 |
| Health care | 102 | 104 | 100 |
| Housing | 327 | 97 | 100 |
| Transportation | 105 | 103 | 100 |
| Utilities | 112 | 110 | 100 |
| Lifestyle & Entertainment | 107 | 104 | 100 |
| Household Items | 100 | 102 | 100 |
| Education & Childcare | 109 | 106 | 100 |
Are you thinking about relocating, but curious about the potential cost of living in Parkland? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Parkland stands at 171, making it 71% 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.
The cost of living in Parkland 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, Parkland 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 Parkland, 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 226.5% more than the average city. This includes stuff like home prices, rent, mortgage rates, and insurance.
Is Parkland an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in Parkland is 246.5% higher than the national average, while the average monthly rent prices are 179.9% higher than average. The affordability of any location can also be influenced by median income levels. Parkland has a median household income of $237,354, which is 191.8% higher than the national average.
Healthcare: Healthcare costs and insurance premiums can fluctuate greatly based on the city or state. Access to healthcare facilities, out-of-pocket expenses for doctor\’s visits, dentist costs, medication costs and specialized care costs can all impact the cost of living. In Parkland, the healthcare costs are 1.8% 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 Parkland, the transportation index is 5.1% higher than the national average.
Urbanization: Larger, urban hubs brimming with ample amenities and robust employment opportunities often showcase a heightened cost of living. This surge is primarily attributed to the amplified demand for services and increased residential migration, culminating in elevated home prices and elevated rental rates. Conversely, less densely populated rural locales or regions characterized by reduced demand tend to offer a more limited array of amenities and undergo slower job market growth, ultimately yielding a more affordable cost of living.
The cost of living data for Parkland 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.
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| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $258,420 | $21,535 | $6,029 | $7,753 |
| Renters | $117,122 | $9,760 | $2,733 | $3,514 |
| 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% |
| Acacia Villas, FL | 659 | 102 | 2.0% |
| Lauderhill, FL | 73,782 | 106 | 5.5% |
| Parkland, FL | 34,063 | 171 | 71.0% |
| City | Population | Cost of Living Index | National Avg. |
| Hinesville, GA | 34,062 | 95 | 5.0% |
| Lexington, MA | 34,058 | 210 | 110.4% |
| Holland, MI | 34,035 | 97 | 2.6% |
| Baldwin, NY | 34,096 | 145 | 44.6% |
| Nacogdoches, TX | 33,996 | 94 | 6.2% |
| Parkland, FL | 34,063 | 171 | 71.0% |
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