Deerfield Beach, FL

Average · 103

Florida · Population 86,742 · Updated March 2026

$1,670
Median Rent / Month
$56,976
Median Income
$274,400
Median Home Value
$1,458
Owner Costs / Month

Affordability

How far your income goes in Deerfield Beach

35.2%
Rent-to-Income Ratio
Burdened
Rent takes more than 35% of median income — considered cost-burdened.

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

$20,040
Annual Rent
$0
State Income Tax
$2,360
Property Tax (est.)

Cost of Living Overview

Deerfield Beach has a cost of living close to the national average, offering a balanced mix of expenses and amenities. With a cost index of 103 (where 100 equals the national median), Deerfield Beach residents can expect to pay median rent of $1,670/month while earning a median household income of $56,976/year.

The median home value in Deerfield Beach, FL is $274,400, with typical monthly owner costs around $1,458 including mortgage, insurance, and taxes. The 35.2% rent-to-income ratio indicates significant housing cost burden. Residents spend well over a third of their income on rent alone.

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 Deerfield Beach.

Frequently Asked Questions

Common questions about living costs in Deerfield Beach

What is the cost of living in Deerfield Beach, FL?
The cost of living index in Deerfield Beach, FL is 103 (US average = 100). Median monthly rent is $1,670, median household income is $56,976/year, and the median home value is $274,400.
Is Deerfield Beach, FL affordable?
No, Deerfield Beach is more expensive than the national average with a cost index of 103. The rent-to-income ratio is 35.2%—above the 30%% affordability threshold.
What is the average rent in Deerfield Beach, FL?
The median gross rent in Deerfield Beach, FL is $1,670 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $20,040.
What is the median household income in Deerfield Beach?
The median household income in Deerfield Beach, FL is $56,976 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.