Cost of Living in Boca Raton, FL
Population 100,234 · Census ACS 2020–2024 5-year estimates
The median rent in Boca Raton, FL is $2,508/month, 50% higher than the Florida median and 77% higher than the U.S. median. The median home value is $722,700, 117% higher than the national median. Households earn a median of $106,273 a year, 43% higher than the state median.
Affordability
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Boca Raton vs. Florida vs. U.S.
| Boca Raton | Florida | U.S. | |
|---|---|---|---|
| Median rent | $2,508 | $1,669 | $1,413 |
| Median home value | $722,700 | $359,000 | $332,700 |
| Median household income | $106,273 | $74,568 | $80,734 |
| Homeownership rate | 65.7% | 67.6% | 65.2% |
| Bachelor's degree or higher | 61.8% | 34.1% | 35.7% |
| Poverty rate | 10.0% | 12.6% | 12.5% |
| Unemployment rate | 5.5% | 4.8% | 5.2% |
| Work from home | 23.5% | 15.7% | 15.1% |
| Median age | 46.0 | 42.6 | 38.9 |
FAQ
What is the average rent in Boca Raton, FL?
The median gross rent in Boca Raton, FL is $2,508 per month (ACS 2020–2024 5-year estimate).
How much do I need to earn to live in Boca Raton, FL?
Using the common 30% rule, renting a median-priced home takes about $100,320 a year in gross income.
Is Boca Raton, FL expensive to live in?
Rent there is 77% higher than the U.S. median, and the median home costs about 6.8 times the median household income.
Other cities in Florida
Cities with a similar cost of living
Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
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