| Index | Plantation | Florida | National |
| Cost of living | 129 | 102 | 100 |
| Groceries | 105 | 102 | 100 |
| Health care | 104 | 104 | 100 |
| Housing | 185 | 97 | 100 |
| Transportation | 100 | 103 | 100 |
| Utilities | 110 | 110 | 100 |
| Lifestyle & Entertainment | 108 | 104 | 100 |
| Household Items | 102 | 102 | 100 |
| Education & Childcare | 104 | 106 | 100 |
Are you thinking about relocating, but curious about the potential cost of living in Plantation? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Plantation stands at 129, making it 29% 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 Plantation 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, Plantation falls into this category, which may not be suitable for those seeking an economically favorable living environment.
Housing costs are a major factor in the Plantation cost of living index, and they often eat up a big chunk of your take-home pay. Unfortunately, in this area, housing expenses for both homeownership and rentals were 85% higher than what's typical in an average city. That includes the prices of homes and rents, as well as mortgage rates and insurance.
Is Plantation 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 Plantation is 87.5% higher than the national average, while the average monthly rent prices are 79.1% higher than average. The affordability of any location can also be influenced by median income levels. Plantation has a median household income of $114,231, which is 40.4% higher than the national average.
Transportation: In areas where public transportation is scarce or unavailable, residents often find themselves compelled to own and upkeep vehicles, thereby increasing the overall cost of living. Monthly expenses encompass fuel, insurance, routine maintenance and potentially lease or financing payments. In Plantation, the transportation index is 0.5% lower than the national average.
Taxes: Cities that impose higher taxes, including sales and income taxes, can contribute to an escalated cost of living. The added expense of taxes on everyday goods like clothing and food naturally results in higher overall costs. Similarly, a higher income tax rate can further elevate the cost of living. In Plantation, the general sales tax rate starts at 6%, and income tax rates begin at 0%.
Groceries: The costs associated with groceries have witnessed substantial increases over the past 2-3 years. In select markets, food prices have escalated by more than 20% during this timeframe, whereas others have seen more restrained upticks. The variances in food expenses can exert a considerable influence on the overall cost of living in a given locale. In Plantation, the groceries index is 5.1% higher than the national average.
The cost of living data for Plantation 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 | $136,717 | $11,393 | $3,190 | $4,102 |
| Renters | $82,459 | $6,872 | $1,924 | $2,474 |
| 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. |
| Pembroke Park, FL | 6,970 | 89 | 11.0% |
| 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% |
| Plantation, FL | 96,900 | 129 | 28.6% |
| City | Population | Cost of Living Index | National Avg. |
| Quincy, MA | 96,803 | 150 | 49.7% |
| Lawton, OK | 97,207 | 87 | 13.2% |
| Lynn, MA | 97,235 | 134 | 34.4% |
| South Gate, CA | 97,255 | 144 | 44.3% |
| Sunrise, FL | 97,297 | 112 | 12.2% |
| Plantation, FL | 96,900 | 129 | 28.6% |
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