Delray Beach, FL

Above Avg · 127

Florida · Population 66,940 · Updated March 2026

$1,914
Median Rent / Month
$79,393
Median Income
$386,700
Median Home Value
$1,693
Owner Costs / Month

Affordability

How far your income goes in Delray Beach

28.9%
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

$22,968
Annual Rent
$0
State Income Tax
$3,326
Property Tax (est.)

Cost of Living Overview

Delray Beach has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 127 (where 100 equals the national median), Delray Beach residents can expect to pay median rent of $1,914/month while earning a median household income of $79,393/year.

The median home value in Delray Beach, FL is $386,700, with typical monthly owner costs around $1,693 including mortgage, insurance, and taxes. With a rent-to-income ratio of 28.9%, Delray Beach 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 Delray Beach.

Frequently Asked Questions

Common questions about living costs in Delray Beach

What is the cost of living in Delray Beach, FL?
The cost of living index in Delray Beach, FL is 127 (US average = 100). Median monthly rent is $1,914, median household income is $79,393/year, and the median home value is $386,700.
Is Delray Beach, FL affordable?
No, Delray Beach is more expensive than the national average with a cost index of 127. The rent-to-income ratio is 28.9%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Delray Beach, FL?
The median gross rent in Delray Beach, FL is $1,914 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $22,968.
What is the median household income in Delray Beach?
The median household income in Delray Beach, FL is $79,393 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.