B
10%
Overall NAT. AVG.
5%
Goods & Services NAT. AVG.
28%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Hallandale Beach Florida National
Cost of living11098100
Goods & Services10598100
Groceries10499100
Health care9396100
Housing12896100
Transportation10199100
Utilities10397100

An Overview of Cost of Living in Hallandale Beach, FL

The cost of living in Hallandale Beach affects the quality of life one can afford in this new location. It allows people to assess whether they can maintain their preferred lifestyle, including housing, leisure activities and dining options. Your total monthly expenditures can varry depending on the area, as well as many other factors. The cost of living in Hallandale Beach is 110, which is 10% higher than the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.

Housing costs significantly influence the Hallandale Beach cost of living index, typically accounting for a substantial portion of one's post-tax income. Regrettably, within this particular region, expenses related to both residential ownership and renting exceeded those observed in an average city by 27.7%. This entails elements such as housing and rental prices, mortgage interest rates and insurance costs.

Is Hallandale Beach Affordable?

Is Hallandale Beach an affordable place to live? That's a valid question to ask when you're thinking about moving to a new city. After all, how much it costs to live somewhere can be a huge factor in your decision. Affordability can be broken down into 3 common categories. The cost of living index (we talked about it earlier), housing expenses and income levels all play a big role in figuring out if a place is affordable. For instance, in Hallandale Beach, the median home price is 24.1% higher than what most folks pay across the country, and monthly rent prices are 35.8% higher than the usual rates. Income levels in Hallandale Beach come in at $40,237, which is 27.3% lower than the national average.

What Factors can Influence the Cost of Living in Hallandale Beach?

Utilities: As with the prices of anything else, utility costs can exhibit significant variations, contingent on factors like climate, energy source availability, geographic location and state regulations. The expenses associated with electricity, water, heating, and waste disposal can fluctuate, either upward or downward, depending on the particular city or state. In Hallandale Beach, the utilities index registers 2.8% higher than the national average.

Taxes: Regions that impose higher taxes, including sales and income taxes, can contribute to an increased cost of living. Higher taxes for everyday necessities such as clothing, utilities and food inevitably leads to higher expenditures. Additionally, a higher income tax rate can also play a role in elevating the overall cost of living. In Hallandale Beach, the prevailing sales tax rate starts at 6%, and income tax rates kick off at 0%.

Housing: A sought-after location with high housing demand often leads to increased property values and rental rates, which can significantly inflate the overall cost of living. Conversely, areas with low housing demand, particularly in less desirable locales, tend to experience the opposite effect, causing prices to drop and contributing to a more affordable cost of living. In Hallandale Beach, the housing index stands at 27.7% higher than the national average.

Where is the Data From?

The Hallandale Beach cost of living data displayed above is derived from the C2ER cost of living index to provide a useful and reasonably accurate measure of living cost differences in urban areas. The index takes into account data from 300 independent researches, covering more than 60 goods and services across 6 different categories, to create an overall index for each area, with 100 being the average. The C2ER index does not include sales or income tax rates in their data, however AreaVibes does include both income and sales tax rates in the overall cost of living score for each area.

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Cost Of Living Quick Facts

  • The cost of living in Hallandale Beach is 13% higher than the Florida average
  • The cost of living in Hallandale Beach is 10% higher than the national average
  • Hallandale Beach housing is 28% higher than the national average
  • Florida general sales tax is 18% higher than the national average
  • Florida state income tax is 100% lower than the national average

Most Affordable Places to Live in and Around Hallandale Beach

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Compare Hallandale Beach, FL Cost of Living

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      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$44,763$3,730$1,044$1,343
      Renters$36,125$3,010$843$1,084
      The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Hallandale Beach, FL, as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Hallandale Beach homeowners, is $44,763. This would allow for a maximum of $1,044 per month to be spent on housing costs. For renters, the median monthly income is $36,125 which would result in a maximum of $843 to be spent on rental costs.

      Florida Sales Tax

      State General Sales Tax With Max Surtax
      Florida 6% 7.5%

      Florida Income Tax

      State Income Tax (Low) Income Tax (High)
      Florida 0% 0%

      Goods & Services

      Item Hallandale Beach National avg. Difference
      Haircut $22.18$24.268.6%
      Beauty Salon $73.78$45.5661.9%
      Toothpaste $3.50$3.705.6%
      Shampoo $1.49$1.2816.0%
      Movie $13.42$12.1310.6%
      Bowling $23.13$18.0028.5%

      Groceries

      Item Hallandale Beach National avg. Difference
      Ground Beef $5.79$5.840.8%
      Fried Chicken $1.40$1.5711.2%
      Milk $4.58$4.672.0%
      Potatoes $5.27$4.936.8%
      Pizza $14.00$12.0915.8%
      Beer $11.23$10.417.9%

      Health Care

      Item Hallandale Beach National avg. Difference
      Optometrist $113.16$125.6810.0%
      Doctor $114.67$135.7815.5%
      Dentist $106.72$113.295.8%
      Ibuprofen $10.94$10.652.7%
      Lipitor $489.98$468.604.6%

      Housing

      Item Hallandale Beach National avg. Difference
      Home Price $229,300.00$184,700.0024.1%
      Avg. Mortgage Payment $3,476.17$2,346.6948.1%
      Apartment Rent $1,289.00$949.0035.8%

      Transportation

      Item Hallandale Beach National avg. Difference
      Gasoline $3.43$3.460.9%
      Tire Balancing $63.46$59.925.9%

      Utilities

      Item Hallandale Beach National avg. Difference
      All Electricity $200.94$193.993.6%
      Phone $194.37$192.251.1%
      Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Medley, FL1,0538712.6%
      Pembroke Park, FL6,7168910.9%
      Lauderdale Lakes, FL36,063973.2%
      Gladeview, FL13,490981.8%
      Franklin Park, FL1,549981.7%
      Hallandale Beach, FL39,78211010.5%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      La Puente, CA39,78014545.3%
      New Berlin, WI39,79411413.5%
      Vineyard, CA39,80013737.3%
      Sumter, SC39,758937.0%
      Calexico, CA39,84111413.6%
      Hallandale Beach, FL39,78211010.5%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.