| Index | Sunrise | Florida | National |
| Cost of living | 112 | 102 | 100 |
| Groceries | 102 | 102 | 100 |
| Health care | 102 | 104 | 100 |
| Housing | 133 | 97 | 100 |
| Transportation | 102 | 103 | 100 |
| Utilities | 113 | 110 | 100 |
| Lifestyle & Entertainment | 101 | 104 | 100 |
| Household Items | 103 | 102 | 100 |
| Education & Childcare | 101 | 106 | 100 |
Getting a feel for the cost of living in Sunrise is essential for anyone planning to relocate, as it empowers them to make informed financial decisions, secure a comfortable lifestyle and maintain financial stability in their new environment. The cost of living in Sunrise is 112, which is 12% higher than the national average. Relocating individuals may need to adjust their savings and investment strategies based on the cost of living in the new location. It influences decisions about retirement planning, investments and financial goals.
When it comes to the cost of living in Sunrise, 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 33.3% more expensive compared to your average city. That means you'll be shelling out more for homes, rents, mortgage rates and insurance.
Is Sunrise affordable? It's a key consideration when pondering a move, as affordability often shapes your choices. The cost of living index (we discussed it earlier), coupled with housing costs and income levels, serves as the cornerstone for determining a location's affordability. Take Sunrise, for instance, where the median home price falls 18.5% higher than the national average, and monthly rent rates are 67.8% higher than usual. Additionally, median income levels contribute to the equation, with Sunrise flaunting a median household income of $82,944, 2% higher than the national norm.
Subsidies: Certain cities or states may implement government subsidies or assistance programs with the goal of alleviating the cost of living pressures on their residents. These programs encompass a broad spectrum of support mechanisms, including Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farming subsidies. Areas offering fewer subsidies may experience a rise in their cost of living.
Taxes: Locations with elevated tax rates, encompassing both sales and income taxes, can be a factor in driving up the cost of living. When you're paying more in taxes for everyday household expenses, it naturally translates into higher expenses. Similarly, a higher income tax rate can also contribute to an overall higher cost of living. In Sunrise, the standard sales tax rate starts at 6%, and the income tax rates commence at 0%.
Utilities: Similar to the prices of any goods or services, utility expenses can fluctuate widely, contingent on variables such as climate, available energy sources, geographical location and state regulations. Costs associated with electricity, water, heating, and waste disposal can differ in magnitude, depending on the specific city or state. In Sunrise, the utilities index registers at 12.8% higher than the national average.
The cost of living estimates displayed for Sunrise are modeled using a U.S. average baseline of 100, helping provide a useful comparison of local living expenses. Housing calculations include U.S. Census home price and rental data, while all other values are AI-assisted estimates based on regional cost patterns, climate, transportation, and everyday spending expectations. These values are intended for directional comparisons across cities.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $92,445 | $7,704 | $2,157 | $2,774 |
| Renters | $75,536 | $6,295 | $1,762 | $2,266 |
| 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% |
| Sunrise, FL | 97,297 | 112 | 12.2% |
| City | Population | Cost of Living Index | National Avg. |
| New Bedford, MA | 97,315 | 116 | 16.5% |
| South Gate, CA | 97,255 | 144 | 44.3% |
| Lynn, MA | 97,235 | 134 | 34.4% |
| Lawton, OK | 97,207 | 87 | 13.2% |
| Livonia, MI | 97,392 | 102 | 1.5% |
| Sunrise, FL | 97,297 | 112 | 12.2% |
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