Cost of Living in Ferndale, FL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
131.6
100 = national avg
+31.6 vs national average
Living Wage (1 Adult)
$57,902
per year
Living Wage (Family of 4)
$136,859
per year
Cost Index by Category
Housing155.4
Food114.3
Transportation117.9
Healthcare111.4
Utilities119.6
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,731
per month
2 Bedroom
$1,972
per month
The overall cost of living index in Ferndale is 131.6, which is 31.6% above the national average. Housing costs are above the national average at an index of 155.4. A single adult needs to earn approximately $57,902 per year to cover basic expenses.