B
12%
Overall NAT. AVG.
1%
Goods & Services NAT. AVG.
45%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Clermont Florida National
Cost of living11298100
Goods & Services10198100
Groceries9899100
Health care9296100
Housing14596100
Transportation9599100
Utilities9097100

An Overview of Cost of Living in Clermont, FL

Getting a feel for the cost of living in Clermont is essential for anyone planning to relocate, as it empowers them to make informed financial decisions, secure a comfortable lifestyle and maintain financial stability in their new environment. The cost of living in Clermont is 112, which is 12% higher than the national average. Relocating individuals may need to adjust their savings and investment strategies based on the cost of living in the new location. It influences decisions about retirement planning, investments and financial goals.

Housing costs make up a big chunk of the cost of living in Clermont, and they usually eat into a large part of your take-home pay. Unfortunately, in this area, both buying a home and renting one costs 45.4% more than the average city. This includes stuff like home prices, rent, mortgage rates, and insurance.

What Do Locals Say About the Cost of Living in Clermont?

When it comes to knowing a city, its residents are the experts. We conducted a survey with 6 locals to understand their opinions on the cost of living in Clermont. The results indicated that 33% found it reasonably priced with decreasing prices of goods and services, while 67% viewed it as quite expensive, with increasing prices.

Is Clermont Affordable?

Is Clermont affordable? It's a key consideration when pondering a move, as affordability often shapes your choices. The cost of living index (we discussed it earlier), coupled with housing costs and income levels, serves as the cornerstone for determining a location's affordability. Take Clermont, for instance, where the median home price falls 41.7% higher than the national average, and monthly rent rates are 53.8% higher than usual. Additionally, median income levels contribute to the equation, with Clermont flaunting a median household income of $71,726, 29.7% higher than the national norm.

What Factors can Influence the Cost of Living in Clermont?

Taxes: Locations with elevated tax rates, encompassing both sales and income taxes, can be a factor in driving up the cost of living. When you're paying more in taxes for everyday goods and services, it naturally translates into higher expenses. Similarly, a higher income tax rate can also contribute to an overall higher cost of living. In Clermont, the standard sales tax rate starts at 6%, and the income tax rates commence at 0%.

Housing: A sought-after location with high housing demand often leads to increased property values and rental rates, which can significantly inflate the overall cost of living. Conversely, areas with low housing demand, particularly in less desirable locales, tend to experience the opposite effect, causing prices to drop and contributing to a more affordable cost of living. In Clermont, the housing index stands at 45.4% higher than the national average.

Utilities: Like everything else, utilities costs can range significantly depending on factors like climate, energy sources available, location and even state regulations. Things like electricity, water, heating and waste disposal costs can be higher or lower, depending on the city or state. The utilities index in Clermont comes in at 9.9% lower than the national average.

Where is the Data From?

The cost of living data in Clermont displayed above is sourced from the C2ER cost of living index, which serves as a practical tool for comparing living expenses across urban areas. Published on a quarterly basis, this index aggregates data from over 300 independent researchers, encompassing more than 60 goods and services, in 6 different categories. The weightings assigned to cost differences rely on government survey data that tracks the spending habits of professional and executive households. It's worth noting that the C2ER index excludes data on sales or income tax rates, while AreaVibes integrates tax rates into the overall cost of living evaluation for each region.

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Cost Of Living Quick Facts

  • The cost of living in Clermont is 14% higher than the Florida average
  • The cost of living in Clermont is 12% higher than the national average
  • Clermont housing is 45% 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

Most Affordable Places to Live in and Around Clermont

See all the best places to live around Clermont

Compare Clermont, FL Cost of Living

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      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

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$84,357$7,030$1,968$2,531
      Renters$48,062$4,005$1,121$1,442
      The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Clermont, 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 Clermont homeowners, is $84,357. This would allow for a maximum of $1,968 per month to be spent on housing costs. For renters, the median monthly income is $48,062 which would result in a maximum of $1,121 to be spent on rental costs.

      Florida Sales Tax

      State General Sales Tax With Max Surtax
      Florida 6% 7.5%

      Florida Income Tax

      State Income Tax (Low) Income Tax (High)
      Florida 0% 0%

      Goods & Services

      Item Clermont National avg. Difference
      Haircut $26.53$24.269.4%
      Beauty Salon $55.13$45.5621.0%
      Toothpaste $3.84$3.703.8%
      Shampoo $1.48$1.2815.8%
      Movie $13.54$12.1311.6%
      Bowling $19.87$18.0010.4%

      Groceries

      Item Clermont National avg. Difference
      Ground Beef $6.26$5.847.1%
      Fried Chicken $1.40$1.5711.0%
      Milk $4.58$4.671.9%
      Potatoes $5.23$4.936.0%
      Pizza $13.13$12.098.6%
      Beer $11.07$10.416.3%

      Health Care

      Item Clermont National avg. Difference
      Optometrist $118.44$125.685.8%
      Doctor $137.00$135.780.9%
      Dentist $125.36$113.2910.7%
      Ibuprofen $10.89$10.652.2%
      Lipitor $446.86$468.604.6%

      Housing

      Item Clermont National avg. Difference
      Home Price $261,800.00$184,700.0041.7%
      Avg. Mortgage Payment $2,463.53$2,346.695.0%
      Apartment Rent $1,460.00$949.0053.8%

      Transportation

      Item Clermont National avg. Difference
      Gasoline $3.39$3.462.1%
      Tire Balancing $57.07$59.924.8%

      Utilities

      Item Clermont National avg. Difference
      All Electricity $190.71$193.991.7%
      Phone $194.67$192.251.3%
      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 Population Cost of Living Index National Avg.
      Tildenville, FL43972.6%
      Lake Buena Vista, FL4972.6%
      Okahumpka, FL1437722.6%
      Lake Butler city, FL2,1858118.7%
      Bay Lake, FL438416.3%
      Clermont, FL36,75711211.8%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      San Juan, TX36,7598118.9%
      Campbell River, BC36,740n/a 
      Waxahachie, TX36,7351076.6%
      Texarkana, TX36,733928.3%
      New Albany, IN36,730928.3%
      Clermont, FL36,75711211.8%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.