Living in Fort Lauderdale,
Florida

Sometimes referred to as “the Venice of America,” Fort Lauderdale has become one of Florida’s most popular cities to live. From being a party city for high school and college students’ summer vacations in the ’80s, it has become much more family-friendly. In fact, it is also popular among crows with a penchant for the relaxed resort lifestyle.

Besides upscale dining and shopping opportunities, the city has a lot to offer. It has a web of picturesque canals, beaches, waterways, and suburban areas that enjoy more than 3,000 hours of sunlight every year.

Does this compel you to think about calling Fort Lauderdale your home? Are you wondering if the city is a suitable location for a real estate construction project? If yes, let’s have a look at some important information that might help you make the final decision.

Cost of Living in Fort Lauderdale

Cost of Living in Fort Lauderdale

Based on Sperling’s Best Places’ index, the average cost of living in Fort Lauderdale is 129.6. This is based on a scale where a score above 100 means that the cost of living in the city is more expensive than the US average. Most costs in Fort Lauderdale are marginally higher than the US-wide average.

Taxes in Fort Lauderdale

Taxes in Fort Lauderdale

One of the most attractive features about living in Fort Lauderdale is low tax rates. With the state’s sales tax rate being only 6%, you are able to save money. In addition to that, Florida is one of the 7 states that don’t have an income tax.

Employment Market in Fort Lauderdale

Employment Market in Fort Lauderdale

Much like in other parts of Florida, the fluctuating seasonal population in Fort Lauderdale has a huge impact on its economy. According to the US Census 2018 report , the average household brings in an income of $52,315. The per capita income is $39,601.

Also, around 19.3% of Fort Lauderdale residents live in poverty. The job market can be tough, but you can still find a stable source of income if you have a job waiting for you.

Average Home Prices

Average Home Prices

According to Zillow, the median home value in Fort Lauderdale is around $312,900. The current median price of houses listed for sale in Fort Lauderdale is $500,000, while the median price of sold homes is $334,200.

Fort Lauderdale High School Districts

Fort Lauderdale High School Districts

Broward County Public Schools is the second-largest school district in Florida. Fully accredited in the school system since 1963, it has 327 schools around the district, including Fort Lauderdale.

Besides that, there are also a number of great private schools you can choose from.

Crime Rates in the City

Crime Rates in the City

Unfortunately, as it is with other cities around the US, crime is a reality in Fort Lauderdale. However, it varies from neighborhood to neighborhood. On an index of 100 , the city’s violent crime rate ranks at 36.7 with a 22.7 average for the country. As for property crime, the city ranks at 75.8 against the US average of 35.4.

Despite these high crime rates, the city is home to a number of safe neighborhoods. Spend extra time while real estate shopping to make sure that you’re buying a house in a safe neighborhood.

Getting Around Fort Lauderdale

Getting Around Fort Lauderdale

According to the US Census Bureau, the mean commute time for Broward County is just over 28 minutes. This means that the average round trip in working hours would be less than an hour.

For some Fort Lauderdale residents, commuting around the city without a car is possible. They can access the Broward County Transit (BCT), which includes a fleet of 300 buses. They can also use the Brightline rail system, bike-sharing programs, the Tri-Rail, and Sun Trolley.

Leisure and Entertainment

Leisure and Entertainment

There is no shortage of leisure and entertainment in the city. There are many beaches where you can spend your weekends. Also, there are more than four thousand restaurants and 120 nightclubs.

If you prefer quieter outings, the NSU Art Museum, the Museum of Discovery and Science, and the Coral Springs Museum of Art are excellent places to spend your time.

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What Our Clients Are Saying

Lana Mihova
Lana Mihova
16:22 13 Feb 20
Stephen McWilliam was an amazing person to deal with. Our deal was pretty complicated on all aspects and he was so professional, he got it done !!! Thank you so much for all the hard work you put into this deal!!!
Brian Mosher
Brian Mosher
15:02 13 Jan 20
Steve did a wonderful job securing a mortgage for me based on the parameters I gave and seeing everything through to completion. No hiccups for me along the way in a process that can be very painful if not managed well.
Shannon Dameron
Shannon Dameron
01:34 12 Jan 20
Steve and the team at Florida State Mortgage Group are exceptional. I was looking for a townhouse for my family when Steve and his team were referred to me. Florida State Mortgage Group showed me I could easily afford a single family home. Steve handled everything from providing a list of homes, securing the home loan, insurance options and closing. I’ve referred Florida State Mortgage Group to friends and family. Each person has experienced the same level of knowledge and quality of service. 5 STARS
Florida Guy
Florida Guy
19:08 11 Jan 20
I was very pleased with Steve and the ease of the process. No hiccups or surprises. Highly recommended for mortgage services.
Peter Brines
Peter Brines
02:27 07 Dec 19
It was a real pleasure working with Steve. Extremely knowledgeable and professional. Would recommend this company all day long.
Olga Alderson
Olga Alderson
01:02 05 Dec 19
Steve McWilliam was a tremendous help in securing my mortgage a few years ago. He\'s also been a great source of knowledge in the time since. I highly recommend him as someone you can trust.
elizabeth mcbride
elizabeth mcbride
01:16 21 Oct 19
The smartest, most helpful and insightful mortgage loan person I’ve ever used. On our first attempt to buy he saved us from disaster. On our second attempt he was finished and ready to close before everyone else! Our loan was a VA so we expected it to take extra time...nope. For our next loan we won’t use anyone else.