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Cost of Living in Boynton Beach, FL

Population 81,435 · Census ACS 2020–2024 5-year estimates

Median rent$2,041
Median home value$351,100
Median household income$70,074

The median rent in Boynton Beach, FL is $2,041/month, 22% higher than the Florida median and 44% higher than the U.S. median. The median home value is $351,100, 6% higher than the national median. Households earn a median of $70,074 a year, 6% lower than the state median.

Affordability

Rent as a share of median income: 35.0%
Income needed for median rent (30% rule): $81,640/yr
Home price-to-income ratio: 5.0×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $1,775/mo

Run your own numbers: mortgage calculator · hourly to salary

Boynton Beach vs. Florida vs. U.S.

Boynton BeachFloridaU.S.
Median rent$2,041$1,669$1,413
Median home value$351,100$359,000$332,700
Median household income$70,074$74,568$80,734
Homeownership rate64.7%67.6%65.2%
Bachelor's degree or higher32.1%34.1%35.7%
Poverty rate13.7%12.6%12.5%
Unemployment rate5.4%4.8%5.2%
Work from home10.8%15.7%15.1%
Median age42.542.638.9

FAQ

What is the average rent in Boynton Beach, FL?

The median gross rent in Boynton Beach, FL is $2,041 per month (ACS 2020–2024 5-year estimate).

How much do I need to earn to live in Boynton Beach, FL?

Using the common 30% rule, renting a median-priced home takes about $81,640 a year in gross income.

Is Boynton Beach, FL expensive to live in?

Rent there is 44% higher than the U.S. median, and the median home costs about 5.0 times the median household income.

Other cities in Florida

Jacksonville, FLRent $1,465 · Income $69,872Miami, FLRent $1,758 · Income $62,462Tampa, FLRent $1,701 · Income $75,475Orlando, FLRent $1,747 · Income $72,336St. Petersburg, FLRent $1,663 · Income $75,192Port St. Lucie, FLRent $1,937 · Income $80,648

Cities with a similar cost of living

College Park, MDRent $1,912 · Income $69,721Chelsea, MARent $1,956 · Income $72,179San Luis Obispo, CARent $1,965 · Income $73,685El Cajon, CARent $1,856 · Income $67,511San Pablo, CARent $2,018 · Income $79,478Rosemead, CARent $1,834 · Income $73,566

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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