Boynton Beach, FL

Above Avg · 117

Florida · Population 80,601 · Updated March 2026

$1,896
Median Rent / Month
$71,378
Median Income
$312,700
Median Home Value
$1,629
Owner Costs / Month

Affordability

How far your income goes in Boynton Beach

31.9%
Rent-to-Income Ratio
Moderate
Rent takes 25-35% of median income — moderate affordability.

Tax Burden in Florida

State-level tax rates that affect your costs

0%
Income Tax (Top Rate)
6.0%
Sales Tax
0.86%
Property Tax Rate

Estimated Annual Costs

$22,752
Annual Rent
$0
State Income Tax
$2,689
Property Tax (est.)

Cost of Living Overview

Boynton Beach is more expensive than the national average. Higher housing costs are typically the primary driver. With a cost index of 117 (where 100 equals the national median), Boynton Beach residents can expect to pay median rent of $1,896/month while earning a median household income of $71,378/year.

The median home value in Boynton Beach, FL is $312,700, with typical monthly owner costs around $1,629 including mortgage, insurance, and taxes. At 31.9% rent-to-income ratio, residents of Boynton Beach are spending more than the recommended 30% of income on housing, indicating moderate cost burden.

Florida has no state income tax, which can represent significant savings compared to high-tax states. Combined with a 6.0% sales tax rate and 0.86% effective property tax rate, the overall tax environment helps keep costs manageable in Boynton Beach.

Frequently Asked Questions

Common questions about living costs in Boynton Beach

What is the cost of living in Boynton Beach, FL?
The cost of living index in Boynton Beach, FL is 117 (US average = 100). Median monthly rent is $1,896, median household income is $71,378/year, and the median home value is $312,700.
Is Boynton Beach, FL affordable?
No, Boynton Beach is more expensive than the national average with a cost index of 117. The rent-to-income ratio is 31.9%—above the 30%% affordability threshold.
What is the average rent in Boynton Beach, FL?
The median gross rent in Boynton Beach, FL is $1,896 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $22,752.
What is the median household income in Boynton Beach?
The median household income in Boynton Beach, FL is $71,378 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Florida?
Florida has a top income tax rate of 0%, a sales tax of 6.0%, and an effective property tax rate of 0.86%. Notably, there is no state income tax.