Pompano Beach cost of living: Housing costs, gas prices, and required income

Pompano Beach, Florida – Pompano Beach offers residents a blend of coastal beauty and urban amenities. For those considering a move to this vibrant city, understanding the cost of living is crucial. This comprehensive guide looks into housing expenses, transportation costs, and the income necessary to maintain a comfortable lifestyle in Pompano Beach.

Housing costs in Pompano Beach

Housing is a significant component of living expenses, and Pompano Beach presents a diverse real estate market catering to various preferences and budgets.

Home prices and housing in Pompano Beach

• Median home value: As of 2025, the median home price in Pompano Beach is approximately $362,400.
• Comparison to national average: This median value is higher than the national average, indicating a relatively higher investment for homeowners.
• Market trends: The Florida housing market is poised for growth in 2025, with Pompano Beach benefiting from new constructions and an influx of younger, diverse buyers.

Rental rates in Pompano Beach

• Average rent: Renters can expect to pay around $2,745 per month for a two-bed apartment.
• Comparison to national average: This rate is approximately 73% higher than the national average, reflecting the city’s desirability and demand.
• Rental market insights: The rental market is competitive, with prices influenced by proximity to the beach, amenities, and recent property developments.

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Transportation expenses

Transportation encompasses fuel costs, public transit fares, and vehicle maintenance, all of which contribute to the overall cost of living.

Gas prices

• Average gasoline cost: As of January 2025, the average price for gasoline in Pompano Beach is approximately $3.44 per gallon.
• Comparison to national average: This price is slightly above the national average, with transportation expenses about 10.7% higher than the national average.
• Factors influencing gas prices: Prices are affected by global oil markets, state taxes, and regional demand.

The cost of getting around Pompano Beach with public transportation

• Broward County Transit (BCT): The primary public transportation provider offers bus services throughout Pompano Beach and surrounding areas.
  • Fares: A one-way fare is $2.00, with discounted rates available for seniors, students, and disabled individuals.
  • Passes: Monthly passes are available for $70.00, providing unlimited rides and an economical alternative to driving.
• Tri-Rail: A commuter rail service connecting Pompano Beach to Miami, Fort Lauderdale, and West Palm Beach.
  • Fares: Prices vary based on distance traveled, with average one-way fares ranging from $3.75 to $6.90.
  • Schedules: Trains operate daily, with increased frequency during peak commuting hours.

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How much you should earn to live in Pompano Beach

Determining the necessary income involves analyzing typical expenses and aligning them with local salary averages.

Median household income in Pompano Beach

• Current figures: The median household income in Pompano Beach is $64,021, slightly below the state median.
• Comparison to living costs: Given the higher housing and transportation costs, residents may need to earn above the median income to maintain a comfortable lifestyle.

Pompano Beach living wage estimates

• Annual income needed: For a family of four, the required annual income before taxes is estimated at $86,150.
• Hourly wage: This translates to a living wage of $24.94 per hour for a single adult and $33.70 per hour for a family with two working adults and two children. citeturn0search14
• Expense breakdown: These estimates account for housing, food, childcare, transportation, healthcare, and other necessities.

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Additional considerations and expenses

Utilities

• Monthly costs: Residents can anticipate spending around $214.76 per month on utilities, including electricity, water, and gas.
• Comparison to national average: This is approximately 13.2% higher than the national average utility cost.

Healthcare

• Cost index: Healthcare expenses in Pompano Beach are approximately 13.2% higher than the national average, reflecting the quality and accessibility of medical services.
• Access to services: The city offers a range of healthcare facilities, including hospitals, clinics, and specialized medical centers.

Groceries and Dining

• Grocery costs: Grocery prices in Pompano Beach are about 5% higher than the national average.
• Dining out: The city boasts a diverse culinary scene, with dining costs varying widely based on cuisine and establishment.
  • Average meal: A mid-range restaurant may charge between $15 to $30 per person.
  • Local favorites: Seafood restaurants are particularly popular, given the city’s coastal location.

Education in Pompano Beach

• Public schools: Operated by Broward County Public Schools, offering education from elementary through high school.
• Private schools: Several private institutions provide alternative education options, with tuition fees varying by school.

We want to make life easier! If you live or plan to visit Pompano Beach, consider reading some of our other interesting articles. If you are into events, see the events and festival page, or learn more about the Pompano Beach Cultural Arts Center. If you want active quality time, visit some of the most popular marinas in Pompano Beach for watersport activities or fishing. For leisure walk or time spend with your friends or loved ones, the Pompano Beach Pier is great option for you!