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Cost of Living in Deerfield Beach, FL

Population 88,093 · Census ACS 2020–2024 5-year estimates

Median rent$1,774
Median home value$309,600
Median household income$59,730

The median rent in Deerfield Beach, FL is $1,774/month, 6% higher than the Florida median and 26% higher than the U.S. median. The median home value is $309,600, 7% lower than the national median. Households earn a median of $59,730 a year, 20% lower than the state median.

Affordability

Rent as a share of median income: 35.6%
Income needed for median rent (30% rule): $70,960/yr
Home price-to-income ratio: 5.2×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $1,566/mo

Run your own numbers: mortgage calculator · hourly to salary

Deerfield Beach vs. Florida vs. U.S.

Deerfield BeachFloridaU.S.
Median rent$1,774$1,669$1,413
Median home value$309,600$359,000$332,700
Median household income$59,730$74,568$80,734
Homeownership rate63.9%67.6%65.2%
Bachelor's degree or higher28.8%34.1%35.7%
Poverty rate15.1%12.6%12.5%
Unemployment rate5.4%4.8%5.2%
Work from home12.8%15.7%15.1%
Median age43.942.638.9

FAQ

What is the average rent in Deerfield Beach, FL?

The median gross rent in Deerfield Beach, FL is $1,774 per month (ACS 2020–2024 5-year estimate).

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

Using the common 30% rule, renting a median-priced home takes about $70,960 a year in gross income.

Is Deerfield Beach, FL expensive to live in?

Rent there is 26% higher than the U.S. median, and the median home costs about 5.2 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

Lawrence, MARent $1,662 · Income $60,433Lakewood, NJRent $1,718 · Income $56,968Perth Amboy, NJRent $1,688 · Income $61,977Spring Valley, NYRent $1,695 · Income $57,196Cudahy, CARent $1,711 · Income $56,615Bell Gardens, CARent $1,694 · Income $62,298

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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