Understanding the Coconut Creek cost of living is essential for anyone considering a move to this welcoming Broward County city. Known as the "Butterfly Capital of the World" and home to Butterfly World, Coconut Creek offers residents a blend of planned-community living, abundant green space, and convenient access to both Fort Lauderdale and Boca Raton. But before you pack your bags, it helps to know exactly what it costs to live here — from housing and taxes to utilities, transportation, and everyday expenses.
Coconut Creek is located in northern Broward County, just west of Pompano Beach and roughly 15 miles north of Fort Lauderdale. The city has a population of approximately 61,000 residents and covers about 12 square miles. Its reputation as a well-planned, environmentally conscious community — the city was the first in Florida to be certified as a Community Wildlife Habitat — makes it attractive to a wide range of buyers and renters.
Coconut Creek Cost of Living: The Big Picture
The Coconut Creek cost of living index is approximately 113, according to data from HomeSnacks, meaning it runs about 13% above the national average of 100. Another source, MyTownView, places the index slightly higher at 120.1. While this means Coconut Creek is more expensive than the average American city, it is actually quite moderate by South Florida standards — more affordable than coastal cities like Fort Lauderdale or Miami Beach, yet offering many of the same lifestyle benefits.
According to MyTownView, the estimated annual household cost of living in Coconut Creek is $69,577, which is approximately $11,641 more per year than the national average. This figure encompasses housing, utilities, transportation, childcare, healthcare, food, and taxes. The median household income in Coconut Creek is $75,014, according to HomeSnacks data derived from the U.S. Census Bureau, which means the typical household earns enough to comfortably cover these costs — though budgeting remains important, especially for households with significant recurring expenses such as childcare.
Housing Costs in Coconut Creek
Housing is the single largest expense for most Coconut Creek residents, and understanding the local real estate market is critical for accurate budgeting. According to aggregated market data from Repit, as also reflected on Redfin's Coconut Creek housing market page, the average home value in Coconut Creek is approximately $360,640 as of May 2026. This represents a gradual decline from recent peaks — the market has seen values adjust from approximately $413,000 in 2021 to current levels, reflecting the broader South Florida cooling trend.
For renters, the average monthly rent in Coconut Creek is $2,169, according to Repit's May 2026 data. Rental prices have softened from their 2021 highs of approximately $2,323 per month, giving renters slightly more breathing room than they had during the pandemic-era rental squeeze. However, rental costs remain a significant portion of monthly expenses, particularly for renters requiring multi-bedroom units.
Home prices vary considerably by zip code within Coconut Creek. The 33073 zip code, which covers the western portion of the city, has an average home value of approximately $520,634, while the 33066 zip code on the eastern side averages just $200,645 — a dramatic difference that reflects the variety of housing options available within city limits.
For buyers considering a home purchase, the 30-year fixed-rate mortgage averaged 6.77% as of June 26, 2025, according to Freddie Mac. On a $360,000 home with a 20% down payment, this translates to a monthly principal-and-interest payment of approximately $1,814 — before property taxes, insurance, and HOA fees are added.
For a comparison with another Broward County city, our guide to the Coral Springs cost of living in 2026 provides a detailed breakdown of expenses in a neighboring community. You may also find our article on the hidden cost of living in Parkland valuable, particularly for understanding how insurance costs can impact the overall affordability of homeownership in South Florida.
Taxes in Coconut Creek
One of the most significant financial advantages of living in Coconut Creek — and Florida in general — is the absence of a state income tax. According to data from LevyIO, Florida residents pay no state income tax, meaning your income is only subject to federal taxes and FICA (Social Security and Medicare). For a household earning the median income of $75,014, this translates to thousands of dollars in annual savings compared to residents of high-tax states like New York, California, or New Jersey.
Property taxes in Coconut Creek are also relatively favorable. The effective property tax rate is 0.84%, which is below the national average of 1.1%. On the median home value of $357,000 (per LevyIO's data), this equates to approximately $2,999 per year or $250 per month. This makes homeownership more affordable from a tax perspective compared to many other parts of the country.
The combined sales tax rate in Coconut Creek is 8.2%, which is above the national average of 7.12%. However, Florida does not tax groceries (with some exceptions for prepared foods) or prescription drugs, which helps offset the higher sales tax rate on other purchases. LevyIO classifies Coconut Creek's overall tax burden as "low," with an effective total tax rate of approximately 22.5% for a median-income household.
Coconut Creek Cost of Living: Utilities and Everyday Expenses
Utilities represent a significant monthly expense for Coconut Creek residents, particularly during South Florida's hot, humid summers when air conditioning runs continuously. According to data from MyTownView, the estimated monthly electric bill in Coconut Creek is approximately $99, based on an electricity rate of $0.11 per kilowatt-hour. Natural gas, where available, adds approximately $72 per month.
Water and sewer rates are set by the City of Coconut Creek and follow a tiered structure based on consumption. According to the city's official website, effective October 1, 2025, a single-family home using 6,000 gallons per month would pay approximately $109.84 for combined water and sewer service, including the 8% utility tax and stormwater fee. Households with higher consumption — such as those with pools or extensive irrigation — can expect proportionally higher bills.
Groceries in Coconut Creek run approximately 5% above the national average, according to HomeSnacks' cost-of-living breakdown. Healthcare costs are notably higher, at 130% of the national average, which is an important consideration for households without employer-sponsored health insurance. Transportation costs in Coconut Creek are estimated at approximately $7,617 per year, slightly above the national average of $7,548, reflecting the car-dependent nature of South Florida suburban living. The mean commute time for Coconut Creek residents is 24.8 minutes.
Childcare and Education Expenses
For households budgeting for childcare, it is one of the largest line items in the monthly budget. According to MyTownView's data, the estimated annual childcare cost in Coconut Creek is $21,021 — a substantial expense that can significantly impact the overall coconut creek cost of living calculation. This figure assumes center-based care for children under school age and can vary based on the specific provider, program type, and number of children.
At the K-12 level, Coconut Creek is served by Broward County Public Schools, which eliminates tuition costs for households using public education. The city is home to several public schools, including Coconut Creek High School and Monarch High School (current ratings available via FLDOE School Grades and GreatSchools.org). For those considering private education, options include North Broward Preparatory School in nearby Coconut Creek and several parochial schools in the surrounding area.
Quick Facts: Coconut Creek Cost of Living (2025–2026)
- Cost of Living Index: 113, approximately 13% above the national average of 100 (Source: HomeSnacks, 2026)
- Average Home Value: $360,640 as of May 2026 (Source: Repit, May 2026)
- Average Monthly Rent: $2,169 as of May 2026 (Source: Repit, May 2026)
- Property Tax Rate: 0.84%, below the national average of 1.1% (Source: LevyIO, 2026)
- Combined Sales Tax Rate: 8.2%, above the national average of 7.12% (Source: LevyIO, 2026)
- State Income Tax: None — Florida has no state income tax (Source: LevyIO, 2026)
- Estimated Annual Household Cost: $69,577, approximately $11,641 above the national average (Source: MyTownView, 2026)
- Median Household Income: $75,014 (Source: HomeSnacks, 2026)
Frequently Asked Questions About the Coconut Creek Cost of Living
Is Coconut Creek expensive to live in?
Coconut Creek is moderately expensive compared to the national average, with a cost of living index of approximately 113 (100 = national average). However, it is more affordable than many other South Florida cities, particularly coastal markets like Fort Lauderdale, Hollywood, and Miami. The absence of a state income tax helps offset the higher housing and healthcare costs, making the overall tax burden relatively low.
How much does housing cost in Coconut Creek?
As of May 2026, the average home value in Coconut Creek is approximately $360,640, and the average monthly rent is $2,169. Home prices vary significantly by neighborhood and zip code, with the western part of the city (33073) averaging $520,634 and the eastern side (33066) averaging $200,645. Mortgage rates as of June 2025 were 6.77% for a 30-year fixed loan.
Are property taxes high in Coconut Creek?
No. The effective property tax rate in Coconut Creek is 0.84%, which is below the national average of 1.1%. On a median-priced home, this translates to approximately $2,999 per year. Combined with Florida's lack of state income tax, Coconut Creek offers a relatively favorable tax environment for homeowners.
What is a good salary to live comfortably in Coconut Creek?
The estimated annual household cost of living in Coconut Creek is $69,577. With a median household income of $75,014, the typical Coconut Creek household earns enough to cover basic living expenses with some margin for savings. However, households with childcare costs (averaging $21,021 per year) or those purchasing homes in the higher-priced western zip codes may need a household income of $90,000 or more to live comfortably.
Plan Your Move to Coconut Creek
The Coconut Creek cost of living reflects a city that balances suburban comfort with South Florida convenience. With no state income tax, property taxes below the national average, and a cost of living index that is moderate by regional standards, Coconut Creek offers an attractive financial picture for a wide range of households. Whether you are drawn to the city's planned communities, its environmental credentials, or its central location between Fort Lauderdale and Boca Raton, understanding these costs upfront will help you make a confident, informed decision. The True Oak Realty team is here to help you navigate every aspect of buying a home in Coconut Creek — from finding the right neighborhood to understanding the full cost picture. Visit trueoakrealty.com/listing-half-map/ to browse Coconut Creek listings, or contact us at trueoakrealty.com/contact/ and call (954) 280-7778. We will help you find a home that fits both your lifestyle and your budget.
Disclaimer: Real estate data and pricing are subject to change and vary by source. School assignments and ratings should be verified with Broward County Public Schools and the Florida Department of Education. This article is for informational purposes and does not constitute professional real estate advice. True Oak Realty is committed to the letter and spirit of the U.S. Fair Housing Act. Equal Housing Opportunity.
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