Cost of Living in Pomona Park, FL

With a cost of living index of 76, Pomona Park, FL is a very affordable place to live. Living here is 25% cheaper than the national average and 35% below the Florida state average of 110. Pomona Park is a small community of 903 residents.

Housing costs are the biggest factor in Pomona Park's cost of living. The median monthly rent is $900 (32% below the US median of $1,319), and the median home value sits at $150,500 (51% below the national median of $304,900). At current prices, the median home costs roughly 3.6x the median household income — a moderately affordable ratio by today's standards.

The median household income in Pomona Park is $41,953, which is 44% lower than the national median of $75,149. Residents spend roughly 26% of household income on rent. This is near the 30% threshold that financial experts generally consider the upper limit of affordability. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Climate is another factor for anyone considering a move to Pomona Park. The area sees an average annual temperature of 71.5°F, with summers averaging 81°F and winters around 61°F. Annual rainfall totals 51.3 inches spread over roughly 119 days. The mild climate is a draw for many residents and keeps utility costs moderate year-round.

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.