Yes, Pembroke Pines is considered an expensive place to live, particularly when it comes to housing costs. Its housing market significantly exceeds national averages, positioning it among the more costly cities in the United States.
Understanding the Cost of Living in Pembroke Pines
Pembroke Pines, Florida, stands out for its high housing expenses, which are a primary driver of its overall cost of living. When evaluating whether a city is expensive, housing is often the most significant financial factor, and in Pembroke Pines, it represents a substantial commitment.
Key Housing Statistics in Pembroke Pines
To illustrate the elevated cost of living, consider the following housing market metrics:
| Metric | Value |
|---|---|
| Median Home Price | $527,000 |
| Median Price per Square Foot | $303 |
| Housing Cost Index | 156% of the National Average |
Why Housing Costs Are High
The cost of living index for housing in Pembroke Pines is estimated to be 156% of the national average. This substantial difference indicates that residents can expect to pay significantly more for housing compared to many other areas across the United States. With a median home price of $527,000 and a median price per square foot reaching $303, the real estate market in this South Florida city commands a premium. These figures collectively affirm Pembroke Pines' status as one of the more expensive cities to reside in within the US.
