Oakland Park, FL

Above Avg · 114

Florida · Population 44,015 · Updated March 2026

$1,645
Median Rent / Month
$68,424
Median Income
$352,600
Median Home Value
$1,592
Owner Costs / Month

Affordability

How far your income goes in Oakland Park

28.8%
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

$19,740
Annual Rent
$0
State Income Tax
$3,032
Property Tax (est.)

Cost of Living Overview

Oakland Park is more expensive than the national average. Higher housing costs are typically the primary driver. With a cost index of 114 (where 100 equals the national median), Oakland Park residents can expect to pay median rent of $1,645/month while earning a median household income of $68,424/year.

The median home value in Oakland Park, FL is $352,600, with typical monthly owner costs around $1,592 including mortgage, insurance, and taxes. With a rent-to-income ratio of 28.8%, Oakland Park 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 Oakland Park.

Frequently Asked Questions

Common questions about living costs in Oakland Park

What is the cost of living in Oakland Park, FL?
The cost of living index in Oakland Park, FL is 114 (US average = 100). Median monthly rent is $1,645, median household income is $68,424/year, and the median home value is $352,600.
Is Oakland Park, FL affordable?
No, Oakland Park is more expensive than the national average with a cost index of 114. The rent-to-income ratio is 28.8%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Oakland Park, FL?
The median gross rent in Oakland Park, FL is $1,645 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $19,740.
What is the median household income in Oakland Park?
The median household income in Oakland Park, FL is $68,424 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.