Before you even consider moving to your desired destination, knowing the cost of living is the first thing you should check. Florida is known for its beautiful beaches and warm weather, but it’s also important to know whether it’s affordable to live there. That is why our team at 24/7 Logistic Services is here to help figure out what the cost of living in Pompano Beach is. Let’s look at all the important cost of living items and check if living in Pompano Beach is something you can afford.
The biggest monthly cost in Pompano Beach – housing
Let’s start with housing. Housing is likely to be your biggest expense in Pompano Beach. The median home value in Pompano Beach is $349,000, which is below the national median of $543,000. If you aren’t looking to buy a home but still want to move here with the help of local movers in South Florida, you’ll be pleased to know rental prices are much more affordable. The average one-bedroom apartment renting for around $1,800 per month, an increase of 13% compared to last year.
What about the cost of utilities and transportation
Moving on to the cost of utilities, which is one of the main things to consider when talking about the affordable cost of living. In Pompano Beach, you can expect to pay around $227 per month for utilities, which include electricity, water, and gas. If you own a car, you’ll need to factor in the cost of gas, car insurance, and maintenance. And you will have to do all the calculations before calling best movers in Pompano Beach to make sure you can afford to live in this wonderful city. In Pompano Beach, the average price of gas is around $3.53 per gallon. Alternatively, you could use public transportation. Broward County Transit buses have routes throughout Pompano Beach and the surrounding areas. A one-way fare is $2, or you can purchase a monthly pass for $70.
How does Pompano Beach compare to other Floridian cities?
According to Best Places, a website that provides the cost of living data, the cost of living index in the city of Pompano Beach is 105 which is lower than the index for Miami (which is 106.05) but higher than Orlando (which is 86.19). The cost of living index takes into account the prices of groceries, housing, utilities, transportation, and other essential goods and services.
According to these costs of living, is Pompano Beach affordable?
Overall, the cost of living in Pompano Beach is certainly higher than the national average, especially considering the quality of life in Florida. However, affordability is still a term that is quite relative. Costs can vary greatly depending on your lifestyle and how you plan your monthly costs and budget. If you’re looking for a sunny, vibrant community with a high quality of life, Pompano Beach is definitely worth considering. After all, the benefits of living in this stunning city are endless From the stunning beaches to the lively downtown area, there’s something for everyone in Pompano Beach. So why not start planning your move today?
Best Places to Live in Pompano Beach, Florida. (2020). Bestplaces.net. https://www.bestplaces.net/city/florida/pompano_beach
Average Rent in Pompano Beach, FL and Cost Information – Zumper. (n.d.). Zumper – Apartments for Rent & Houses. Retrieved March 16, 2023, from https://www.zumper.com/rent-research/pompano-beach-fl
Cost of Living in Pompano Beach, FL | PayScale. (n.d.). Www.payscale.com. Retrieved March 16, 2023, from https://www.payscale.com/cost-of-living-calculator/Florida-Pompano-Beach