Coral Springs 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.
IndexCoral SpringsFloridaNational
Cost of living index11999100
IndexCoral SpringsFloridaNational
Goods & Services index10399100
Groceries index104105100
Health care index9698100
Housing index15496100
Transportation index113100100
Utilities index98103100
A general overview of the cost of living index for Coral Springs, FL is displayed above. In Coral Springs, FL, the overall cost of living index is 119, which is 19% higher than the Florida average and 19% higher 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 Coral Springs, FL, the city's goods and services are 4% higher than the Florida average and 3% higher than the U.S. average.

Did you know?

  • The cost of living in Coral Springs is 19% higher than the Florida average.
  • The cost of living in Coral Springs is 19% higher than the national average.
  • The cost of housing in Coral Springs is 54% 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 Coral Springs, FL Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
Price difference in compared to
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Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator allows you to compare how much your current salary in Coral Springs, FL would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Coral Springs, FL, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Coral Springs, FL salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$87,433$7,286$2,040$2,623
Renters$47,008$3,917$1,097$1,410
A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Coral Springs, FL, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Coral Springs, FL has a median income of about $87,433 for people who own homes. Based on that number, a person should spend a maximum of $2,040 on expenses related to housing. Renters have a slightly different median income, which is $47,008. Based on this average, renters should spend no more than $1,097 on all of their rental costs if they want to maintain a non-impoverished standard of living.

Florida Sales Tax

StateGeneral Sales TaxWith Max Surtax
Florida6%7.5%

Florida Income Tax

StateIncome Tax (Low)Income Tax (High)
Florida0%0%
The Florida sales tax and Florida income tax rates should definitely be considered when determining the overall cost of living in Coral Springs, FL. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The Florida sales tax is 6% and the maximum surtax is 7.5%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The Florida income tax rates range from 0% to 0%.

Goods & Services

ItemCoral SpringsNational avg.Difference
Haircut $16.15$16.090.4%
Beauty Salon $61.89$37.3365.8%
Toothpaste $2.40$2.451.8%
Shampoo $1.00$1.000.4%
Movie $11.36$10.2810.5%
Bowling $8.74$4.9377.1%

Groceries

ItemCoral SpringsNational avg.Difference
Ground Beef $4.36$3.8014.5%
Fried Chicken $1.30$1.406.7%
Milk $2.49$2.0124.2%
Potatoes $3.44$3.0114.1%
Pizza $8.99$9.899.1%
Beer $9.39$8.905.5%

Health Care

ItemCoral SpringsNational avg.Difference
Optometrist $94.17$102.167.8%
Doctor $83.20$108.3623.2%
Dentist $97.89$92.535.8%
Ibuprofen $11.35$9.2822.3%
Lipitor $405.35$425.824.8%

Housing

ItemCoral SpringsNational avg.Difference
Home Price $294,300.00$184,700.0059.3%
Avg. Mortgage Payment $1,898.18$1,202.4457.9%
Apartment Rent $1,330.00$949.0040.1%

Transportation

ItemCoral SpringsNational avg.Difference
Gasoline $2.36$2.245.0%
Tire Balancing $59.72$46.2929.0%

Utilities

ItemCoral SpringsNational avg.Difference
All Electricity$159.36$165.964.0%
Phone $29.11$28.681.5%
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.
Franklin Park, FL1,03990-10%
Lauderdale Lakes, FL34,32193-7%
Watergate, FL3,52794-6%
Lauderhill, FL70,45294-6%
Washington Park, FL1,47994-6%
Coral Springs, FL127,67311919%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Surprise, AZ127,4921066%
Topeka, KS127,47288-12%
Stamford, CT127,41015555%
Elizabeth, NJ128,04211818%
Midland, TX128,0511033%
Coral Springs, FL127,67311919%
Source: The Coral Springs, FL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.