Cost of Living in Virginia Gardens, FL

With a cost of living index of 125, Virginia Gardens, FL is a notably expensive place to live. Living here is 25% more expensive than the national average and 14% above the Florida state average of 110. Virginia Gardens is a small community of 2,306 residents.

Housing costs are the biggest factor in Virginia Gardens's cost of living. The median monthly rent is $1,614 (22% above the US median of $1,319), and the median home value sits at $445,200 (46% above the national median of $304,900). At current prices, the median home costs roughly 6.1x the median household income — a challenging ratio that puts homeownership out of reach for many residents.

The median household income in Virginia Gardens is $72,569, which is 3% lower than the national median of $75,149. Residents spend roughly 27% 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 Virginia Gardens. The area sees an average annual temperature of 77.5°F, with summers averaging 84°F and winters around 70°F. Annual rainfall totals 67.4 inches spread over roughly 141 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.