Cost of Living in Westwood Lakes, FL

With a cost of living index of 145, Westwood Lakes, FL is one of the most expensive cities in the United States. Living here is 45% more expensive than the national average and 35% above the Florida state average of 110. Westwood Lakes is a smaller community of 10,768 residents, where everyday costs can differ substantially from nearby larger cities.

Housing costs are the biggest factor in Westwood Lakes's cost of living. The median monthly rent is $2,243 (70% above the US median of $1,319), and the median home value sits at $465,000 (53% above the national median of $304,900). At current prices, the median home costs roughly 5.3x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in Westwood Lakes is $87,341, which is 16% higher than the national median of $75,149. Residents spend roughly 31% of household income on rent. This exceeds the recommended 30% threshold, meaning many renters here are cost-burdened. While incomes are above average, they do not fully offset the higher cost of living.

Climate is another factor for anyone considering a move to Westwood Lakes. The area sees an average annual temperature of 77.4°F, with summers averaging 83°F and winters around 71°F. Annual rainfall totals 51 inches spread over roughly 117 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.