Charlotte Harbor 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.
IndexCharlotte HarborFloridaNational
Cost of living index93100100
IndexCharlotte HarborFloridaNational
Goods & Services index104101100
Groceries index103105100
Health care index10897100
Housing index6995100
Transportation index103105100
Utilities index103102100
An overview of the general cost of living index for Charlotte Harbor, FL is displayed above for your reference. Residents in Charlotte Harbor, 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 Charlotte Harbor, FL, the average cost of goods and services is 4% higher than it is in Florida, and it is 4% higher than the national average.

Did you know?

  • The cost of living in Charlotte Harbor is 7% lower than the Florida average.
  • The cost of living in Charlotte Harbor is 7% lower than the national average.
  • The cost of housing in Charlotte Harbor is 31% 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 Charlotte Harbor, FL Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current income in Charlotte Harbor, FL to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Charlotte Harbor, FL, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Charlotte Harbor, FL salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Charlotte Harbor, 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 Charlotte Harbor, FL homeowners, is $41,678. This would allow for a maximum of $972 per month to be spent on housing costs. For renters, the median monthly income is $44,779 which would result in a maximum of $1,045 to be spent on rental costs.

Florida Sales Tax

StateGeneral Sales TaxWith Max Surtax

Florida Income Tax

StateIncome Tax (Low)Income Tax (High)
When considering the overall cost of living expenses in Charlotte Harbor, FL, it's important to take into account the sales tax for Florida, as well as the rate for income tax in Florida. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for Florida is 7.5%, and the sales tax in the state of Florida is 6%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in Florida starts from 0% and goes up to 0%.

Goods & Services

ItemCharlotte HarborNational 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%


ItemCharlotte HarborNational 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

ItemCharlotte HarborNational 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%


ItemCharlotte HarborNational avg.Difference
Home Price $107,100.00$175,700.0039.0%
Avg. Mortgage Payment $1,157.56$1,081.037.1%
Apartment Rent $804.00$920.0012.6%


ItemCharlotte HarborNational avg.Difference
Gasoline $2.19$2.094.6%
Tire Balancing $44.50$45.291.7%


ItemCharlotte HarborNational 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.
Cleveland, FL2,93388-12%
Solana, FL43788-12%
Warm Mineral Springs, FL5,45493-7%
Port Charlotte, FL55,20695-5%
Harbour Heights, FL3,39296-4%
Charlotte Harbor, FL3,96993-7%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Eagleton Village, TN3,96983-17%
Lake of the Woods, AZ3,97093-7%
Tabor City, NC3,97087-13%
University Center, VA3,96712020%
Pilot Point, TX3,96786-14%
Charlotte Harbor, FL3,96993-7%
Source: The Charlotte Harbor, FL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.