Clearwater 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.
IndexClearwaterFloridaNational
Cost of living index96100100
IndexClearwaterFloridaNational
Goods & Services index96101100
Groceries index99105100
Health care index9197100
Housing index9395100
Transportation index102105100
Utilities index103102100
A general overview of the cost of living index for Clearwater, FL is displayed above. In Clearwater, FL, the overall cost of living index is 96, which is 4% lower than the Florida average and 4% lower than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Clearwater, FL, the city's goods and services are 5% lower than the Florida average and 4% lower than the U.S. average.

Did you know?

  • The cost of living in Clearwater is 4% lower than the Florida average.
  • The cost of living in Clearwater is 4% lower than the national average.
  • The cost of housing in Clearwater is 7% 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 Clearwater, FL Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current salary in Clearwater, FL to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Clearwater, FL, then you would need to earn more income in order to maintain the same standard of living. To use the Clearwater, FL salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$54,976$4,581$1,283$1,649
Renters$30,345$2,529$708$910
The affordability of the housing market in Clearwater, FL as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Clearwater, FL homeowners, the median income is $54,976. This indicates that a monthly maximum of $1,283 should be spent by homeowners on all housing related costs. Renters have a median income of $30,345. This indicates that renters should have a maximum of $708 used for their rent related monthly costs.

Florida Sales Tax

StateGeneral Sales TaxWith Max Surtax
Florida6%7.5%

Florida Income Tax

StateIncome Tax (Low)Income Tax (High)
Florida0%0%
When you are determining the total cost of living in Clearwater, FL you will want to make sure you consider both the Florida sales tax and the Florida income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Florida is 6%, with the highest surtax being 7.5%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Florida have a range from 0% to 0%.

Goods & Services

ItemClearwaterNational 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

ItemClearwaterNational 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

ItemClearwaterNational 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

ItemClearwaterNational avg.Difference
Home Price $153,900.00$175,700.0012.4%
Avg. Mortgage Payment $774.61$1,081.0328.3%
Apartment Rent $957.00$920.004.0%

Transportation

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

Utilities

ItemClearwaterNational 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.
Lealman, FL20,74085-15%
West Lealman, FL15,25786-14%
South Highpoint, FL4,94288-12%
Largo, FL78,39188-12%
Kenneth City, FL4,98689-11%
Clearwater, FL109,21096-4%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Rochester, MN109,25292-8%
Carlsbad, CA109,29617070%
Westminster, CO109,2961088%
Arvada, CO109,8001099%
Waterbury, CT109,88711111%
Clearwater, FL109,21096-4%
Source: The Clearwater, FL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.