Pembroke Park, Florida Cost Of Living

A+

7%

Overall NAT. AVG.

4%

Goods & Services NAT. AVG.

41%

Housing NAT. AVG.

Date & Last Updated: This data reflects 2022 and was released from C2ER in January, 2022; this is the most current data available.

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Pembroke Park	Florida	National
Cost of living	93	99	100
Goods & Services	104	98	100
Groceries	122	106	100
Health care	104	99	100
Housing	59	96	100
Transportation	103	99	100
Utilities	102	105	100

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Cost Of Living Quick Facts

The cost of living in Pembroke Park is 7% lower than the Florida average
The cost of living in Pembroke Park is 7% lower than the national average
Pembroke Park housing is 41% 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

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$32,313	$2,693	$754	$969
Renters	$35,601	$2,967	$831	$1,068

The affordability of the housing market in Pembroke Park, FL as well as the overall cost of living can be predicted by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Pembroke Park homeowners, the median income is $32,313. This indicates that a monthly maximum of $754 should be spent by homeowners on all housing related costs. Renters have a median income of $35,601. This indicates that renters would have a maximum of $831 for their rent related monthly 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%

Goods & Services

Item	Pembroke Park	National avg.	Difference
Haircut	$18.83	$20.27	7.1%
Beauty Salon	$70.69	$40.39	75.0%
Toothpaste	$2.76	$2.36	16.8%
Shampoo	$1.18	$1.08	9.6%
Movie	$13.43	$10.99	22.2%
Bowling	$21.77	$15.49	40.5%

Groceries

Item	Pembroke Park	National avg.	Difference
Ground Beef	$4.62	$4.30	7.5%
Fried Chicken	$1.82	$1.40	30.1%
Milk	$3.36	$2.20	52.7%
Potatoes	$4.95	$3.22	53.7%
Pizza	$9.66	$10.74	10.1%
Beer	$10.90	$9.60	13.6%

Health Care

Item	Pembroke Park	National avg.	Difference
Optometrist	$128.40	$109.73	17.0%
Doctor	$93.13	$118.34	21.3%
Dentist	$112.40	$100.94	11.4%
Ibuprofen	$12.17	$9.93	22.5%
Lipitor	$477.78	$469.53	1.8%

Housing

Item	Pembroke Park	National avg.	Difference
Home Price	$68,600.00	$184,700.00	62.9%
Avg. Mortgage Payment	$1,717.84	$1,229.62	39.7%
Apartment Rent	$1,057.00	$949.00	11.4%

Transportation

Item	Pembroke Park	National avg.	Difference
Gasoline	$2.71	$2.71	0.1%
Tire Balancing	$56.53	$51.86	9.0%

Utilities

Item	Pembroke Park	National avg.	Difference
All Electricity	$172.59	$170.84	1.0%
Phone	$191.55	$187.18	2.3%

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	Population	Cost of Living Index	National Avg.
Medley, FL	898	85	15.1%
Franklin Park, FL	1,039	93	7.3%
Opa-locka, FL	16,245	93	7.3%
Brownsville, FL	15,860	93	6.7%
Gladeview, FL	12,899	94	6.5%
Pembroke Park, FL	6,259	93	7.3%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Bremen, GA	6,257	90	10.1%
Southold, NY	6,261	154	53.8%
Walker, LA	6,256	92	7.7%
Nibley, UT	6,256	102	1.7%
South Monroe, MI	6,254	91	9.5%
Pembroke Park, FL	6,259	93	7.3%

Date & Last Updated: This data reflects 2022 and was released from C2ER in January, 2022; this is the most current data available.