Conway 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.
IndexConwayFloridaNational
Cost of living index10099100
IndexConwayFloridaNational
Goods & Services index9499100
Groceries index100102100
Health care index8697100
Housing index11195100
Transportation index98100100
Utilities index98103100
A general summary of the cost of living index in Conway, FL is shown above. Compared to the state average of Florida the cost of living index in Conway, FL is 100, which is 1% higher than the average in Florida and compared to the national average it is equal to. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Conway, FL goods and services come in at 6% lower than the average in Florida and are 6% lower than compared to the nationwide average.

Did you know?

  • The cost of living in Conway is 1% higher than the Florida average.
  • The cost of living in Conway is equal to the national average.
  • The cost of housing in Conway is 11% 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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Salary Calculator

This is how much you would need to earn in
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Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator is meant to help you compare your salary in Conway, FL to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Conway, FL, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Conway, FL salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$73,500$6,125$1,715$2,205
Renters$40,459$3,372$944$1,214
If you want to find a good determining factor for the cost of living and the general affordability of housing in Conway, FL, all you must look at is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Conway, FL, the median monthly income is $73,500 for those who own their own homes. Under the standard rule, that income level would allow for $1,715 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $40,459, per the median income in the area. That would allow for renters to spend up to $944 on monthly rental expenses.

Florida Sales Tax

StateGeneral Sales TaxWith Max Surtax
Florida6%7.5%

Florida Income Tax

StateIncome Tax (Low)Income Tax (High)
Florida0%0%
One thing to keep in mind when considering the cost of living in Conway, FL is the Florida sales tax and Florida income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The Florida sales tax rate is 6% and the maximum surtax that can be charged is 7.5%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The Florida income tax rates range from 0% to 0%.

Goods & Services

ItemConwayNational avg.Difference
Haircut $14.33$15.567.9%
Beauty Salon $44.52$36.1123.3%
Toothpaste $2.90$2.4717.2%
Shampoo $0.89$0.968.1%
Movie $10.84$10.137.1%
Bowling $4.60$4.742.9%

Groceries

ItemConwayNational avg.Difference
Ground Beef $4.09$3.982.7%
Fried Chicken $1.42$1.411.2%
Milk $2.34$2.0613.5%
Potatoes $3.24$2.988.8%
Pizza $8.94$9.475.7%
Beer $9.26$8.795.3%

Health Care

ItemConwayNational avg.Difference
Optometrist $71.02$101.0429.7%
Doctor $73.11$107.4432.0%
Dentist $79.67$90.4211.9%
Ibuprofen $9.44$9.281.7%
Lipitor $440.90$426.503.4%

Housing

ItemConwayNational avg.Difference
Home Price $182,600.00$175,700.003.9%
Avg. Mortgage Payment $954.22$1,133.2315.8%
Apartment Rent $1,165.00$920.0026.6%

Transportation

ItemConwayNational avg.Difference
Gasoline $1.97$1.991.4%
Tire Balancing $44.44$45.762.9%

Utilities

ItemConwayNational avg.Difference
All Electricity$161.51$163.811.4%
Phone $27.81$28.392.0%
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, FL978-22%
Bay Lake, FL1479-21%
Paradise Heights, FL55083-17%
Clarcona, FL2,92684-16%
Eatonville, FL2,25884-16%
Conway, FL15,3821000%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Seagoville, TX15,37992-8%
Aldine, TX15,37585-15%
Storrs, CT15,37412121%
Ladson, SC15,3691000%
Gloversville, NY15,39592-8%
Conway, FL15,3821000%
Source: The Conway, FL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.