Are you considering moving to Boca Raton Florida? The cost of living is one of the most important factors to think about. Boca Raton is a town with a population of 93,964 located in Palm Beach County Florida. Boca Raton is widely known for its beaches and great year-round climate, but the town also offers its residents with a classic suburban feel. The area is home to lots of restaurants, parks, coffee shops, and other establishments. This page examines – in detail – how much it’d cost you to live in Boca Raton.
What is the cost of living in Boca Raton?
According to Bestplaces.net, Boca Raton has a cost of living index of 133.0, compared to a US average of 100. This index is computed using factors such as housing, goods and services, health care, transportation, and utilities.
Housing is the biggest factor in the town’s high cost of living. Median home prices here are $326,900. Compared to a Florida average of $222,000 and a national average of $216,000 – this is quite on the higher end. This is perhaps due to the high number of retired Baby Boomers who have settled in the area, creating a huge demand for real estate properties with a range of amenities such as pools housekeeping, landscape services, community centers, and more. However, if you are coming from a town or area where the cost of owning a home is higher, this will not be an issue.
Keep in mind also that there is a wide array of housing units available. Choosing fewer amenities can dramatically reduce the asking price of a certain property. Furthermore, the price of utilities, groceries, and other daily costs in Boca Raton is lower than the national average. So buying real estate here allows you to save on virtually every other aspect of the budget. Other things that you can do to lower the cost of housing in Boca Raton include
- Choose a unit that is further from the beach
- Go for a smaller unit
Boca Raton cost of living comparison
|Costs of Living||Boca Raton||Florida||National Average|
|Medium home cost||$326,900||$222,000||$216,200|
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Boca Raton living FAQs
Is Boca Raton expensive to live in?
Boca Raton is more expensive to live in than the rest of Florida. The city has a Cost of Living Index of 128, which is higher than the Florida average of 126.4% and national average of 100%. Typically, housing and transportation are the most expensive aspects of living in Boca Raton.
Is Boca Raton on the beach?
Boca Raton has lovely beaches that are connected to 3 city parks – Spanish River, South Beach, and Red Reef. These include amenities such as grills, picnic tables, and playgrounds. Most of the beaches here tend to be serene and isolated in the morning. If you’re looking to teach a kid how to snorkel, Red Reef Park is the best choice.
Where is Boca Raton airport?
The city of Boca Raton is served by 3 main airports. Fort Lauderdale Airport is located 20 miles south of the city, while you can also use Palm Beach Airport about 20 miles to the North of Boca Raton. Miami International Airport also serves as a hub for people who are visiting Boca. This airport is located about 45 miles away from Boca.
What to do in Boca Raton FL?
Boca offers a lot of attractions and fun activities to engage in. Among other things, you can visit the city’s Mizner Park, Gumbo Limbo Nature Center, Sugar Sand Park, Red Reef Park, Spanish River Park, South Inlet Beach Park, the Wick Theatre and Costume Museum, and more. Boca Raton’s town center is a fashionista’s paradise, offering a rich mix of upscale department stores and designer boutiques.
When is the Boca Raton boat parade?
The 2019 Annual Boca Raton Boat Parade will be on Saturday, 21st December. Register your boat for the parade to enjoy a unique holiday. The parade is also a great opportunity for food and drinks at the Red Reef Park, the Silver Palm Park and Wildflower Property viewing areas.