Buenaventura Lakes 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.
IndexBuenaventura LakesFloridaNational
Cost of living index93100100
IndexBuenaventura LakesFloridaNational
Goods & Services index98101100
Groceries index107105100
Health care index9697100
Housing index7995100
Transportation index103105100
Utilities index91102100
An overview of the general cost of living index for Buenaventura Lakes, FL is displayed above for your reference. Residents in Buenaventura Lakes, FL enjoy a cost of living index of 93. This index is 7% lower than the Florida average, and 7% lower than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Buenaventura Lakes, FL, the average cost of goods and services is 3% lower than it is in Florida, and it is 2% lower than the national average.

Did you know?

  • The cost of living in Buenaventura Lakes is 7% lower than the Florida average.
  • The cost of living in Buenaventura Lakes is 7% lower than the national average.
  • The cost of housing in Buenaventura Lakes is 21% 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.

Find Real Estate Listings In Buenaventura Lakes

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In Buenaventura Lakes

Compare Buenaventura Lakes, 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 Buenaventura Lakes, 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 Buenaventura Lakes, FL, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Buenaventura Lakes, 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)
Owners$46,567$3,881$1,086$1,397
Renters$30,773$2,564$718$923
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Buenaventura Lakes, FL as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Buenaventura Lakes, FL homeowners, is $46,567. This would allow for a maximum of $1,086 per month to be spent on housing costs. For renters, the median monthly income is $30,773 which would result in a maximum of $718 to be spent on rental costs.

Florida Sales Tax

StateGeneral Sales TaxWith Max Surtax
Florida6%7.5%

Florida Income Tax

StateIncome Tax (Low)Income Tax (High)
Florida0%0%
When assessing the complete cost of living in Buenaventura Lakes, FL, the Florida income tax and the Florida sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Florida maximum surtax is 7.5%, and the Florida sales tax is 6%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 0% to 0% in Florida.

Goods & Services

ItemBuenaventura LakesNational avg.Difference
Haircut $13.83$14.595.2%
Beauty Salon $41.14$34.6818.6%
Toothpaste $3.11$2.4725.7%
Shampoo $0.94$1.028.0%
Movie $10.40$9.875.4%
Bowling $4.78$4.398.8%

Groceries

ItemBuenaventura LakesNational avg.Difference
Ground Beef $4.76$4.486.3%
Fried Chicken $1.49$1.461.8%
Milk $2.76$2.3617.1%
Potatoes $3.61$3.0617.9%
Pizza $10.11$9.249.4%
Beer $8.51$8.631.4%

Health Care

ItemBuenaventura LakesNational avg.Difference
Optometrist $65.50$99.7834.4%
Doctor $88.80$105.0315.5%
Dentist $88.80$88.700.1%
Ibuprofen $9.98$9.416.0%
Lipitor $314.74$298.505.4%

Housing

ItemBuenaventura LakesNational avg.Difference
Home Price $104,400.00$175,700.0040.6%
Avg. Mortgage Payment $1,021.34$1,081.035.5%
Apartment Rent $1,137.00$920.0023.6%

Transportation

ItemBuenaventura LakesNational avg.Difference
Gasoline $2.14$2.092.5%
Tire Balancing $47.37$45.294.6%

Utilities

ItemBuenaventura LakesNational avg.Difference
All Electricity$178.86$170.804.7%
Phone $20.01$28.2629.2%
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.
Lake Buena Vista, FL980-20%
Bay Lake, FL1481-19%
Campbell, FL2,70585-15%
Taft, FL2,14687-13%
Oak Ridge, FL22,31389-11%
Buenaventura Lakes, FL30,32493-7%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Oceanside, NY30,32916363%
Dover, NH30,33211919%
Goleta, CA30,33316363%
Georgetown, KY30,34992-8%
North Royalton, OH30,3531033%
Buenaventura Lakes, FL30,32493-7%
Source: The Buenaventura Lakes, FL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.