Coconut Creek, FL

Above Avg · 119

Florida · Population 57,587 · Updated March 2026

$2,011
Median Rent / Month
$75,516
Median Income
$291,000
Median Home Value
$1,691
Owner Costs / Month

Affordability

How far your income goes in Coconut Creek

32.0%
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

$24,132
Annual Rent
$0
State Income Tax
$2,503
Property Tax (est.)

Cost of Living Overview

Coconut Creek is more expensive than the national average. Higher housing costs are typically the primary driver. With a cost index of 119 (where 100 equals the national median), Coconut Creek residents can expect to pay median rent of $2,011/month while earning a median household income of $75,516/year.

The median home value in Coconut Creek, FL is $291,000, with typical monthly owner costs around $1,691 including mortgage, insurance, and taxes. At 32.0% rent-to-income ratio, residents of Coconut Creek 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 Coconut Creek.

Frequently Asked Questions

Common questions about living costs in Coconut Creek

What is the cost of living in Coconut Creek, FL?
The cost of living index in Coconut Creek, FL is 119 (US average = 100). Median monthly rent is $2,011, median household income is $75,516/year, and the median home value is $291,000.
Is Coconut Creek, FL affordable?
No, Coconut Creek is more expensive than the national average with a cost index of 119. The rent-to-income ratio is 32.0%—above the 30%% affordability threshold.
What is the average rent in Coconut Creek, FL?
The median gross rent in Coconut Creek, FL is $2,011 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $24,132.
What is the median household income in Coconut Creek?
The median household income in Coconut Creek, FL is $75,516 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.