Cost of Living in Boca Raton, Florida
Boca Raton has a population of about 100,234. The median household income is $106,273, median gross rent is $2,508/month, and the median home value is $722,700. These figures come from 2020-2024 ACS 5-Year estimates, the latest full-coverage Census baseline for U.S. cities.
How current is this? Census city data is released with a lag because it is survey-based and designed for consistent coverage across small and large places. Use it as an official affordability baseline; current apartment listings and mortgage rates may differ.
Is Boca Raton expensive to live in?
Compared with the national median in this dataset, rent in Boca Raton is 52% above the national median and home values are 93% above the national median. Household income here is 27% above the national median. Monthly rent represents roughly 28% of the median annual household income, a rough affordability signal for renters.
Frequently asked questions
What is the average rent in Boca Raton?
The median gross rent in Boca Raton, Florida is $2,508 per month in the 2020-2024 ACS 5-Year estimates.
What is the median home price in Boca Raton?
The median owner-occupied home value in Boca Raton is $722,700 in the 2020-2024 ACS 5-Year estimates.
How much do people earn in Boca Raton?
The median household income in Boca Raton is $106,273 per year in the 2020-2024 ACS 5-Year estimates.
Data source: U.S. Census Bureau, 2020-2024 ACS 5-Year Estimates. Local database last refreshed 2026-07-11.