Cost of Living in Watergate, FL

With a cost of living index of 121, Watergate, FL is a notably expensive place to live. Living here is 21% more expensive than the national average and 11% above the Florida state average of 110. Watergate is a small community of 3,709 residents.

Housing costs are the biggest factor in Watergate's cost of living. The median monthly rent is $2,109 (60% above the US median of $1,319), and the median home value sits at $214,200 (30% below the national median of $304,900). At current prices, the median home costs roughly 2.9x the median household income — well within traditional affordability guidelines.

The median household income in Watergate is $72,641, which is 3% 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 Watergate. The area sees an average annual temperature of 77.2°F, with summers averaging 84°F and winters around 70°F. Annual rainfall totals 55.6 inches spread over roughly 131 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.