Cost of Living in Goulds, FL

With a cost of living index of 107, Goulds, FL is somewhat more expensive than average. Living here is 7% more expensive than the national average and 3% below the Florida state average of 110. Goulds is a smaller community of 12,019 residents, where everyday costs can differ substantially from nearby larger cities.

Housing costs are the biggest factor in Goulds's cost of living. The median monthly rent is $1,104 (16% below the US median of $1,319), and the median home value sits at $415,100 (36% above the national median of $304,900). At current prices, the median home costs roughly 7.1x the median household income — a challenging ratio that puts homeownership out of reach for many residents.

The median household income in Goulds is $58,291, which is 22% lower than the national median of $75,149. Residents spend roughly 23% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Climate is another factor for anyone considering a move to Goulds. The area sees an average annual temperature of 76.2°F, with summers averaging 83°F and winters around 68°F. Annual rainfall totals 56.1 inches spread over roughly 149 days.

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.