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Cost of Living in Oakland Park, FL

Population 44,682 · Census ACS 2020–2024 5-year estimates

Median rent$1,804
Median home value$385,000
Median household income$72,708

The median rent in Oakland Park, FL is $1,804/month, 8% higher than the Florida median and 28% higher than the U.S. median. The median home value is $385,000, 16% higher than the national median. Households earn a median of $72,708 a year, 2% lower than the state median.

Affordability

Rent as a share of median income: 29.8%
Income needed for median rent (30% rule): $72,160/yr
Home price-to-income ratio: 5.3×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $1,947/mo

Run your own numbers: mortgage calculator · hourly to salary

Oakland Park vs. Florida vs. U.S.

Oakland ParkFloridaU.S.
Median rent$1,804$1,669$1,413
Median home value$385,000$359,000$332,700
Median household income$72,708$74,568$80,734
Homeownership rate58.3%67.6%65.2%
Bachelor's degree or higher27.8%34.1%35.7%
Poverty rate12.1%12.6%12.5%
Unemployment rate5.8%4.8%5.2%
Work from home11.9%15.7%15.1%
Median age38.142.638.9

FAQ

What is the average rent in Oakland Park, FL?

The median gross rent in Oakland Park, FL is $1,804 per month (ACS 2020–2024 5-year estimate).

How much do I need to earn to live in Oakland Park, FL?

Using the common 30% rule, renting a median-priced home takes about $72,160 a year in gross income.

Is Oakland Park, FL expensive to live in?

Rent there is 28% higher than the U.S. median, and the median home costs about 5.3 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

Inglewood, CARent $1,787 · Income $72,750Rosemead, CARent $1,834 · Income $73,566McDonough, GARent $1,792 · Income $75,343Landover, MDRent $1,735 · Income $72,100Hawthorne, CARent $1,782 · Income $75,848Spring Valley, NVRent $1,743 · Income $74,511

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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