Cost of Living in Deerfield Beach, FL

With a cost of living index of 112, Deerfield Beach, FL is somewhat more expensive than average. Living here is 12% more expensive than the national average and in line with the Florida state average. With a population of 86,742, Deerfield 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 Deerfield Beach's cost of living. The median monthly rent is $1,670 (27% above the US median of $1,319), and the median home value sits at $274,400 (10% below the national median of $304,900). At current prices, the median home costs roughly 4.8x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in Deerfield Beach is $56,976, which is 24% lower than the national median of $75,149. Residents spend roughly 35% 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.