Cost of Living in Plantation, FL

With a cost of living index of 124, Plantation, FL is a notably expensive place to live. Living here is 24% more expensive than the national average and 14% above the Florida state average of 110. Plantation is a small community of 4,483 residents.

Housing costs are the biggest factor in Plantation's cost of living. The median monthly rent is $1,866 (41% above the US median of $1,319), and the median home value sits at $383,000 (26% above the national median of $304,900). At current prices, the median home costs roughly 4.9x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in Plantation is $77,873, which is 4% higher than the national median of $75,149. Residents spend roughly 29% of household income on rent. This is near the 30% threshold that financial experts generally consider the upper limit of affordability.

Climate is another factor for anyone considering a move to Plantation. The area sees an average annual temperature of 74.3°F, with summers averaging 83°F and winters around 65°F. Annual rainfall totals 53 inches spread over roughly 136 days.

Everyday prices in the North Port-Bradenton-Sarasota, FL (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 are priced lower 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.