Davie, FL

Very High · 137

Florida · Population 106,412 · Updated March 2026

$1,967
Median Rent / Month
$87,171
Median Income
$433,600
Median Home Value
$1,875
Owner Costs / Month

Affordability

How far your income goes in Davie

27.1%
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

$23,604
Annual Rent
$0
State Income Tax
$3,729
Property Tax (est.)

Cost of Living Overview

Davie has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 137 (where 100 equals the national median), Davie residents can expect to pay median rent of $1,967/month while earning a median household income of $87,171/year.

The median home value in Davie, FL is $433,600, with typical monthly owner costs around $1,875 including mortgage, insurance, and taxes. With a rent-to-income ratio of 27.1%, Davie falls within the generally affordable range, though it's approaching the 30% burden threshold.

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 Davie.

Frequently Asked Questions

Common questions about living costs in Davie

What is the cost of living in Davie, FL?
The cost of living index in Davie, FL is 137 (US average = 100). Median monthly rent is $1,967, median household income is $87,171/year, and the median home value is $433,600.
Is Davie, FL affordable?
No, Davie is more expensive than the national average with a cost index of 137. The rent-to-income ratio is 27.1%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Davie, FL?
The median gross rent in Davie, FL is $1,967 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $23,604.
What is the median household income in Davie?
The median household income in Davie, FL is $87,171 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.