Cheval 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.
IndexChevalFloridaNational
Cost of living index110100100
IndexChevalFloridaNational
Goods & Services index96101100
Groceries index99105100
Health care index9197100
Housing index13995100
Transportation index102105100
Utilities index103102100
Displayed above is a general overview of the Cheval, FL cost of living index. The overall cost of living index in Cheval, FL is 110, which is 10% higher than the Florida average and 10% higher than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Cheval, FL are 5% lower than the Florida average and 4% lower than the national average.

Did you know?

  • The cost of living in Cheval is 10% higher than the Florida average.
  • The cost of living in Cheval is 10% higher than the national average.
  • The cost of housing in Cheval is 39% higher 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 Cheval, FL Cost of living To Other Cities

Salary Calculator

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Health care index
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Use the salary calculator to compare your current income in Cheval, 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 Cheval, FL, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Cheval, 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)
Owners$107,937$8,995$2,518$3,238
Renters$39,843$3,320$930$1,195
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Cheval, FL, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Cheval, FL homeowners have a median income of $107,937. Using that number, you will come up with a maximum of $2,518 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $39,843, which means there is a maximum of $930 to be spent on the costs of renting a home or apartment.

Florida Sales Tax

StateGeneral Sales TaxWith Max Surtax
Florida6%7.5%

Florida Income Tax

StateIncome Tax (Low)Income Tax (High)
Florida0%0%
When considering the overall cost of living expenses in Cheval, 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

ItemChevalNational avg.Difference
Haircut $14.10$14.593.4%
Beauty Salon $32.10$34.687.4%
Toothpaste $2.28$2.477.8%
Shampoo $1.00$1.022.2%
Movie $9.61$9.872.6%
Bowling $5.22$4.3918.9%

Groceries

ItemChevalNational avg.Difference
Ground Beef $4.61$4.483.0%
Fried Chicken $1.51$1.463.1%
Milk $2.70$2.3614.6%
Potatoes $3.47$3.0613.3%
Pizza $8.49$9.248.1%
Beer $8.67$8.630.4%

Health Care

ItemChevalNational avg.Difference
Optometrist $91.30$99.788.5%
Doctor $85.80$105.0318.3%
Dentist $75.44$88.7015.0%
Ibuprofen $9.44$9.410.3%
Lipitor $324.53$298.508.7%

Housing

ItemChevalNational avg.Difference
Home Price $270,900.00$175,700.0054.2%
Avg. Mortgage Payment $774.61$1,081.0328.3%
Apartment Rent $948.00$920.003.0%

Transportation

ItemChevalNational avg.Difference
Gasoline $2.08$2.090.3%
Tire Balancing $48.65$45.297.4%

Utilities

ItemChevalNational avg.Difference
All Electricity$160.88$170.805.8%
Phone $32.47$28.2614.9%
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.
Moon Lake, FL4,80282-18%
New Port Richey, FL15,06384-16%
Bayonet Point, FL24,41285-15%
Jasmine Estates, FL18,47085-15%
Holiday, FL21,04986-14%
Cheval, FL10,99211010%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Alum Rock, CA10,99213838%
Fredonia, NY10,98886-14%
West Haven, UT10,99611111%
Viera East, FL10,9981022%
East Grand Rapids, MI10,99911010%
Cheval, FL10,99211010%
Source: The Cheval, FL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.