Cost of Living in Ives Estates, FL

With a cost of living index of 123, Ives Estates, FL is a notably expensive place to live. Living here is 23% more expensive than the national average and 13% above the Florida state average of 110. With a population of 26,154, Ives Estates 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 Ives Estates's cost of living. The median monthly rent is $1,979 (50% above the US median of $1,319), and the median home value sits at $287,500 (6% below the national median of $304,900). At current prices, the median home costs roughly 4.2x the median household income — a moderately affordable ratio by today's standards.

The median household income in Ives Estates is $67,841, which is 10% 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.

Climate is another factor for anyone considering a move to Ives Estates. The area sees an average annual temperature of 77.3°F, with summers averaging 84°F and winters around 70°F. Annual rainfall totals 62 inches spread over roughly 148 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.