Cost of Living in Boynton Beach, FL

With a cost of living index of 122, Boynton Beach, FL is a notably expensive place to live. Living here is 22% more expensive than the national average and 12% above the Florida state average of 110. With a population of 80,601, Boynton Beach is a mid-sized community that balances access to services with a more manageable cost of living compared to larger metros.

Housing costs are the biggest factor in Boynton Beach's cost of living. The median monthly rent is $1,896 (44% above the US median of $1,319), and the median home value sits at $312,700 (3% above the national median of $304,900). At current prices, the median home costs roughly 4.4x the median household income — a moderately affordable ratio by today's standards.

The median household income in Boynton Beach is $71,378, which is 5% lower than the national median of $75,149. Residents spend roughly 32% of household income on rent. This exceeds the recommended 30% threshold, meaning many renters here are cost-burdened.

Everyday prices in the Miami-Fort Lauderdale-West Palm Beach, FL (Metropolitan Statistical Area) metro area tend to run above the national average. Out of 6 common grocery and utility items tracked by the Bureau of Labor Statistics, 5 are priced higher than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.