Davie Florida Cost of Living: What It Actually Costs in 2026

The cost of living in Davie, Florida in 2026 is moderate compared to South Florida overall. A typical household spends between $4,800 and $6,500 per month on housing, utilities, insurance, and taxes combined. The median home price sits at $845,000, and monthly carrying costs vary based on neighborhood, lot size, and flood zone status.

Housing Costs in Davie

Davie’s median home price of $845,000 reflects a market shaped by large lots, equestrian zoning, and proximity to Fort Lauderdale. Entry level single family homes in communities like Forest Ridge and Hawkes Bluff start in the mid $400Ks, while western acreage properties and new construction in Turnberry Estates regularly exceed $1.5M. Renters can expect to pay $2,200 to $3,100 per month for a two to three bedroom apartment, depending on location. Check the latest pricing trends on our Davie Market Data page.

Property Taxes

Davie’s effective property tax rate averages 1.1% of assessed value, which is in line with the Broward County median. On a home assessed at $845,000, that translates to roughly $9,295 per year before exemptions. Florida’s Homestead Exemption reduces taxable value by up to $50,000, saving most homeowners approximately $1,000 annually. Additional exemptions exist for seniors, veterans, and first responders. For a detailed breakdown, see our Davie Property Tax and Homestead Exemption Guide.

Home Insurance

Homeowners insurance in Davie averages $4,517 per year as of 2026. That figure dropped from the 2024 highs thanks to Broward County’s 14.1% average rate decrease, driven by Florida’s tort reform legislation and increased carrier competition. Flood insurance adds $800 to $2,400 annually depending on your FEMA zone designation. Properties in AE zones pay the most, while those in X zones pay the least. Read our full Davie Home Insurance Guide for strategies to reduce your premium.

Utilities

Monthly utility costs in Davie break down as follows. Water and sewer service through the Town of Davie averages $135 to $140 per month for a family of four. Electricity through Florida Power and Light (FPL) runs $180 to $280 per month depending on home size and season, with summer months peaking due to air conditioning demand. Internet service ranges from $50 to $90 per month through AT&T or Comcast. Waste collection is included in property taxes. Our Davie Utilities Guide covers setup, billing, and cost saving tips.

Groceries, Transportation, and Daily Expenses

Grocery costs in Davie are approximately 3% above the national average, with a family of four spending $950 to $1,200 per month. Publix and Aldi are the primary options, with Costco in nearby Weston. Gas prices in Broward County average $3.45 per gallon in early 2026. Most Davie residents commute by car, with average commute times of 28 minutes. There is no Tri Rail station in Davie, but the nearest stops in Fort Lauderdale and Sheridan Street are within a 15 minute drive.

How Davie Compares

Davie’s overall cost of living index is 112 compared to the national baseline of 100. That is lower than Fort Lauderdale (119), significantly lower than Miami (131), and comparable to Plantation (113). The main cost advantage in Davie is the combination of no state income tax, reasonable property taxes, and larger lot sizes per dollar spent. A home that costs $845,000 in Davie would cost $1.1M or more in Coral Gables or Boca Raton for similar square footage.

Frequently Asked Questions

What is the average monthly cost of living in Davie, Florida?

A typical household in Davie spends $4,800 to $6,500 per month including mortgage or rent, property taxes, insurance, utilities, and groceries. This assumes a median priced home with standard expenses for a family of four.

Are property taxes high in Davie?

No. Davie’s effective property tax rate of 1.1% is consistent with the Broward County average and lower than many South Florida municipalities. The Homestead Exemption saves most homeowners about $1,000 per year.

How much is homeowners insurance in Davie?

The average homeowners insurance premium in Davie is $4,517 per year in 2026. Broward County saw a 14.1% rate decrease recently, and premiums vary based on roof age, construction type, and flood zone.

Is Davie cheaper than Fort Lauderdale?

Yes. Davie’s cost of living index is 112 compared to Fort Lauderdale’s 119. Housing costs are the primary difference, with Davie offering larger lots and more space per dollar. Utilities and grocery costs are similar between the two cities.

What do utilities cost in Davie per month?

Water and sewer average $135 to $140, electricity through FPL runs $180 to $280, and internet costs $50 to $90. Total monthly utility costs for a typical household are $365 to $510.

Does Florida have state income tax?

No. Florida has no state income tax, which is a significant cost of living advantage for Davie residents compared to states like New York or California. This saves the median Davie household earning $87,250 approximately $4,000 to $6,000 annually.

Related Resources

• Davie Real Estate Market Data
• Property Tax and Homestead Exemption Guide
• Davie Home Insurance Guide
• Davie Utilities Guide

Talk to a Davie Expert

Anthony Spitaleri, Broker Associate and REALTOR in Davie, Florida, helps buyers and sellers navigate the real costs of living in Davie every day. If you want a personalized cost breakdown for a specific neighborhood or property, book a free consultation and get real numbers, not estimates.