Cost of Living in Broward County, Florida
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
These figures are county medians, not a personal budget. Use them to frame rent, ownership, and income tradeoffs, then account for household size, commute, financing, insurance, taxes, debt, and local availability before making a decision.
How Broward County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Broward County ranks #3,017 of 3,142 counties for affordability (bottom 4%)
Sourced county brief
Broward County Median Gross Rent and Owner Expenses
Median gross rent in Broward County was $1,907 per month, according to the 2020-2024 ACS 5-Year Estimates. This value is $603 above the Florida unweighted county mean of $1,304. The official median gross rent as a percentage of household income (GRAPI) was 38.3%, which is 5.5 percentage points above the state unweighted county mean of 32.8%. For owner-occupied housing, the median selected monthly owner cost was $1,697, compared to the state unweighted county mean of $1,039. The median home value in Broward County was $414,600, significantly higher than the state unweighted county mean of $284,325. Median renter-household income was $57,896. These figures represent snapshots from the U.S. Census Bureau. See ACS table B25071 for the underlying estimate.
Source record
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25064 Median Gross Rent
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25071 GRAPI
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25077 Median Home Value
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25088 Selected Monthly Owner Costs
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25119 Household Income by Tenure
Data version acs5-2020-2024 · Method cost-brief-v1
Cost of Living Advisory: Broward County
Affordability Verdict
ACS B25071 estimates median gross rent at 38.3% of renter household income in Broward County, which is between the 30% and 50% rent-burden benchmarks. This is a median percentage among renter-occupied units, not the share of households above a threshold.
Rent vs. Own
Median gross rent is $1,907 per month; median selected monthly owner costs are $1,697. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $76,280 in annual gross income would allocate 30% to the county's median gross rent. This is a reproducible illustration, not evidence that a particular household can afford housing.
Regional Context
The Florida unweighted mean of county median rents is $1,304 per month. Broward County's $1,907 median is 46.3% above that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Broward County
Rent Burden
29.5%
of gross income
Max Housing (28% Rule)
$1,811
per month
Owner Cost Burden
26.2%
of gross income
The median home in Broward County may be a stretch
Median home value is $414,600. Estimated monthly cost: $3,310 vs. your max of $1,811.
Rent Affordability Guide
Income Needed Calculator
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Based on the 30% rule for rent and 28% rule for housing costs (mortgage + owner costs). Mortgage estimate assumes 20% down, 7.2% interest, 30-year fixed.
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2020-2024). Data is informational only and is not personalized financial advice.
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