Bayshore Gardens cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexBayshore GardensFloridaNational
Cost of living index90100100
IndexBayshore GardensFloridaNational
Goods & Services index104101100
Groceries index103105100
Health care index10897100
Housing index5695100
Transportation index103105100
Utilities index103102100
Here we can see a simple outline of the cost of living in Bayshore Gardens, FL. As you can see, with the average cost of living in Bayshore Gardens, FL being 90, that puts it 10% lower than the average of Florida and 10% lower than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Bayshore Gardens, FL, the price of goods and services are 4% higher than the average of Florida as well as 4% higher than the nation's average.

Did you know?

  • The cost of living in Bayshore Gardens is 10% lower than the Florida average.
  • The cost of living in Bayshore Gardens is 10% lower than the national average.
  • The cost of housing in Bayshore Gardens is 44% lower than the national average.
  • Florida general sales tax is 18% higher than the national average.
  • Florida state income tax is 100% lower than the national average.

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Compare Bayshore Gardens, FL Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
Price difference in compared to
Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator is used in order to provide a comparison of your current salary in Bayshore Gardens, FL to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Bayshore Gardens, FL, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Bayshore Gardens, FL salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
One can approximate the cost of living and the housing affordability in Bayshore Gardens, FL by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Bayshore Gardens, FL have a median income of $41,100. Therefore, the amount that a consumer should spend on housing costs should be no more than $959 per month to avoid calamity and poverty. The renters in the city have an income of about $30,803, which would make their monthly maximum allowable rental costs $719.

Florida Sales Tax

StateGeneral Sales TaxWith Max Surtax

Florida Income Tax

StateIncome Tax (Low)Income Tax (High)
One thing to keep in mind when considering the cost of living in Bayshore Gardens, FL is the Florida sales tax and Florida income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The Florida sales tax rate is 6% and the maximum surtax that can be charged is 7.5%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The Florida income tax rates range from 0% to 0%.

Goods & Services

ItemBayshore GardensNational avg.Difference
Haircut $14.00$14.594.1%
Beauty Salon $38.25$34.6810.3%
Toothpaste $2.94$2.4718.9%
Shampoo $1.11$1.028.6%
Movie $9.54$9.873.3%
Bowling $4.50$4.392.5%


ItemBayshore GardensNational avg.Difference
Ground Beef $4.89$4.489.2%
Fried Chicken $1.63$1.4611.3%
Milk $2.73$2.3615.8%
Potatoes $3.18$3.063.9%
Pizza $8.37$9.249.4%
Beer $9.75$8.6312.9%

Health Care

ItemBayshore GardensNational avg.Difference
Optometrist $119.33$99.7819.6%
Doctor $137.25$105.0330.7%
Dentist $79.20$88.7010.7%
Ibuprofen $10.09$9.417.2%
Lipitor $328.16$298.509.9%


ItemBayshore GardensNational avg.Difference
Home Price $74,000.00$175,700.0057.9%
Avg. Mortgage Payment $1,157.56$1,081.037.1%
Apartment Rent $826.00$920.0010.2%


ItemBayshore GardensNational avg.Difference
Gasoline $2.19$2.094.6%
Tire Balancing $44.50$45.291.7%


ItemBayshore GardensNational avg.Difference
All Electricity$158.97$170.806.9%
Phone $32.85$28.2616.3%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
South Bradenton, FL22,81488-12%
West Samoset, FL6,59789-11%
Samoset, FL3,59091-9%
North Sarasota, FL7,54891-9%
Palmetto, FL12,85693-7%
Bayshore Gardens, FL17,89990-10%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Mattoon, IL17,90682-18%
Hopkins, MN17,9091077%
Godfrey, IL17,91195-5%
Albert Lea, MN17,93181-19%
Logansport, IN17,93379-21%
Bayshore Gardens, FL17,89990-10%
Source: The Bayshore Gardens, FL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.