The cost of living index in Parkland, FL, exceeds the nationwide average in most categories. Housing costs are 20% higher, groceries 5% higher, and transportation 10% higher than the national average. Utilities are slightly lower at 5%, while healthcare and miscellaneous costs are 2% and 8% above the nationwide average, respectively.
Parkland presents a higher overall cost of living compared to the national average of 100. The key areas with significant increases include housing at 120, transportation at 110, and groceries at 105. This suggests that individuals moving to Parkland should budget for these higher expenses.
The cost of living index in Parkland, Florida, reveals that housing expenses are 20% higher than the national average. With a housing index of 120, residents can expect to spend more on their homes and related costs compared to the average American. This means if the nationwide average is set at 100, Parkland’s housing costs are equivalent to $120 for every $100 spent elsewhere.
Other expenses in Parkland also show a trend that is generally above the national average. For example, groceries are 5% higher, at 105, while transportation costs are 10% higher, at 110. Utilities and healthcare, however, are slightly lower, with indices of 95 and 102, respectively. Miscellaneous costs in Parkland stand at 108, indicating an 8% increase. These figures provide a clear picture for professional job seekers considering Parkland, highlighting where their budget might stretch a bit more compared to the national average.
