B
13%
Overall NAT. AVG.
6%
Goods & Services NAT. AVG.
34%
Housing NAT. AVG.
Search Homes for Sale
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 Golden Glades Florida National
Cost of living11398100
Goods & Services10698100
Groceries10499100
Health care9696100
Housing13496100
Transportation10399100
Utilities10397100

An Overview of Cost of Living in Golden Glades, FL

Are you thinking about relocating, but curious about the potential cost of living in Golden Glades? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Golden Glades stands at 113, making it 13% higher than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.

Housing costs make up a big chunk of the cost of living in Golden Glades, and they usually eat into a large part of your take-home pay. Unfortunately, in this area, both buying a home and renting one costs 34.2% more than the average city. This includes stuff like home prices, rent, mortgage rates, and insurance.

Is Golden Glades Affordable?

Wondering if Golden Glades is affordable? It's a question that often comes up when you're thinking about a new city since affordability can really shape your decisions. The cost of living index (covered earlier), housing expenses and income levels all play a part in the affordability equation. In Golden Glades, for example, the median home price is 38.7% higher than what folks pay nationally, and monthly rent is 23.7% higher than the usual rates. Plus, income levels matter too, with Golden Glades boasting a median household income of $44,126, which is 20.2% lower than the national average.

What Factors can Influence the Cost of Living in Golden Glades?

Groceries: Grocery prices have seen substantial hikes in the last 2-3 years, with some markets witnessing food cost increases of over 20% during this period. Conversely, certain markets have experienced only moderate upticks. These variations in food expenses can have a substantial impact on the overall cost of living in any locality. In Golden Glades, the groceries index is 4% higher than the national average.

Healthcare: Healthcare expenditures and insurance premium rates can vary significantly, contingent upon the particular city or state. Factors such as the accessibility of healthcare facilities, out-of-pocket expenses for doctor's appointments, dental care charges, prescription medication costs, and expenses related to specialized medical care can all have an impact on the overall cost of living. In Golden Glades, healthcare costs are 4.2% lower than the national average.

Utilities: Much like any other costs, utility expenses can exhibit considerable variations, influenced by factors such as climate, available energy sources, geographic location and state regulations. The costs associated with electricity, water, heating, and waste disposal can vary significantly depending on the city or state in question. In Golden Glades, the utilities index stands at 2.8% higher than the national average.

Where is the Data From?

The cost of living data in Golden Glades displayed above is sourced from the C2ER cost of living index, which serves as a practical tool for comparing living expenses across urban areas. Published on a quarterly basis, this index aggregates data from over 300 independent researchers, encompassing more than 60 goods and services, in 6 different categories. The weightings assigned to cost differences rely on government survey data that tracks the spending habits of professional and executive households. It's worth noting that the C2ER index excludes data on sales or income tax rates, while AreaVibes integrates tax rates into the overall cost of living evaluation for each region.

New Real Estate Listings in Golden Glades Area
Search Homes for Sale in Golden Glades, FL

Cost Of Living Quick Facts

  • The cost of living in Golden Glades is 16% higher than the Florida average
  • The cost of living in Golden Glades is 13% higher than the national average
  • Golden Glades housing is 34% 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 Golden Glades

See all the best places to live around Golden Glades

Compare Golden Glades, FL Cost of Living

      vs
      How would you rate the cost of living in Golden Glades?
      Write a review to give others more information about this area.
      Is the cost of living increasing or decreasing in Golden Glades?
      Write a review to give others more information about this area.
      See all Golden Glades poll results

      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$61,451$5,121$1,434$1,844
      Renters$31,231$2,603$729$937
      The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Golden Glades, 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 Golden Glades homeowners, is $61,451. This would allow for a maximum of $1,434 per month to be spent on housing costs. For renters, the median monthly income is $31,231 which would result in a maximum of $729 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 Golden Glades National avg. Difference
      Haircut $20.53$24.2615.4%
      Beauty Salon $88.07$45.5693.3%
      Toothpaste $3.51$3.705.2%
      Shampoo $1.53$1.2819.7%
      Movie $14.35$12.1318.2%
      Bowling $23.67$18.0031.5%

      Groceries

      Item Golden Glades National avg. Difference
      Ground Beef $6.11$5.844.6%
      Fried Chicken $1.40$1.5711.2%
      Milk $4.60$4.671.5%
      Potatoes $5.24$4.936.2%
      Pizza $14.13$12.0916.9%
      Beer $11.44$10.419.9%

      Health Care

      Item Golden Glades National avg. Difference
      Optometrist $98.49$125.6821.6%
      Doctor $127.08$135.786.4%
      Dentist $107.83$113.294.8%
      Ibuprofen $11.10$10.654.2%
      Lipitor $490.35$468.604.6%

      Housing

      Item Golden Glades National avg. Difference
      Home Price $256,100.00$184,700.0038.7%
      Avg. Mortgage Payment $3,109.00$2,346.6932.5%
      Apartment Rent $1,174.00$949.0023.7%

      Transportation

      Item Golden Glades National avg. Difference
      Gasoline $3.49$3.460.8%
      Tire Balancing $64.09$59.927.0%

      Utilities

      Item Golden Glades 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%
      Gladeview, FL13,490981.8%
      Opa-locka, FL16,0081010.7%
      West Little River, FL32,2931033.3%
      Golden Glades, FL33,84311313.2%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      LaSalle, ON33,838n/a 
      Chester, PA33,8558910.6%
      Glendale Heights, IL33,8631088.3%
      Newark, DE33,82211716.8%
      Cottonwood Heights, UT33,86513030.1%
      Golden Glades, FL33,84311313.2%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.