Cost of Living in Kenwood Estates, FL

With a cost of living index of 103, Kenwood Estates, FL is somewhat more expensive than average. Living here is 3% more expensive than the national average and 7% below the Florida state average of 110. Kenwood Estates is a small community of 1,403 residents.

Housing costs are the biggest factor in Kenwood Estates's cost of living. The median monthly rent is $1,369 (4% above the US median of $1,319), and the median home value sits at $271,400 (11% below the national median of $304,900). At current prices, the median home costs roughly 3.7x the median household income — a moderately affordable ratio by today's standards.

The median household income in Kenwood Estates is $73,654, which is 2% lower than the national median of $75,149. Residents spend roughly 22% 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 Kenwood Estates. The area sees an average annual temperature of 75.8°F, with summers averaging 83°F and winters around 68°F. Annual rainfall totals 61.7 inches spread over roughly 137 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.