Cost of Living
The cost of living in Pompano Beach, FL is around 5% higher than the national average. Food items not grown locally typically cost more. Groceries, in general, are 6% higher compared to other areas in the country.
Thanks to the Fair Housing Act, residents from all walks of life and all colors can rent and purchase homes without hassles and discrimination. Pompano Beach, FL real estate is available range of prices – a single family home usually starts at $160,000 while luxury waterfront homes and mansions have million-dollar price tags.
One of the bonuses of living in Pompano Beach, FL neighborhoods or beach Florida is the United States Homestead Exemption which provides locals a cut in assessed taxable value of their properties. This saves Pompano Beach, FL neighborhood dwellers’ tax savings every year.
If you are starting out on your own, you can opt for a property type like a one-bedroom apartment or condo unit. There are rentals in the city and neighboring communities with affordable monthly costs.
Electricity costs are higher in the summer due to air-conditioning usage. The city is not that hot most all year so AC is not needed every season. The use of electric fans allows homeowners to save on AC costs.
Due to the range of entertainment the city offers, costs for activities vary. Pompano Beach hosts lots of shopping, bars, restaurants and other entertainment facilities. Spending on entertainment depends on your lifestyle.