Cypress Gardens 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.
IndexCypress GardensFloridaNational
Cost of living index9499100
IndexCypress GardensFloridaNational
Goods & Services index9499100
Groceries index100102100
Health care index8697100
Housing index9195100
Transportation index98100100
Utilities index98103100
Displayed above is a general overview of the Cypress Gardens, FL cost of living index. The overall cost of living index in Cypress Gardens, FL is 94, which is 5% lower than the Florida average and 6% lower 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 Cypress Gardens, FL are 6% lower than the Florida average and 6% lower than the national average.

Did you know?

  • The cost of living in Cypress Gardens is 5% lower than the Florida average.
  • The cost of living in Cypress Gardens is 6% lower than the national average.
  • The cost of housing in Cypress Gardens is 9% 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 Cypress Gardens, FL Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current salary in Cypress Gardens, 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 Cypress Gardens, FL, then you would need to earn more income in order to maintain the same standard of living. To use the Cypress Gardens, 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$56,661$4,722$1,322$1,700
Renters$36,294$3,025$847$1,089
If you want to find a good determining factor for the cost of living and the general affordability of housing in Cypress Gardens, 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 Cypress Gardens, FL, the median monthly income is $56,661 for those who own their own homes. Under the standard rule, that income level would allow for $1,322 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $36,294, per the median income in the area. That would allow for renters to spend up to $847 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%
When assessing the complete cost of living in Cypress Gardens, FL, the Florida income tax and the Florida sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Florida maximum surtax is 7.5%, and the Florida sales tax is 6%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 0% to 0% in Florida.

Goods & Services

ItemCypress GardensNational 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

ItemCypress GardensNational 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

ItemCypress GardensNational 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

ItemCypress GardensNational avg.Difference
Home Price $148,200.00$175,700.0015.7%
Avg. Mortgage Payment $954.22$1,133.2315.8%
Apartment Rent $980.00$920.006.5%

Transportation

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

Utilities

ItemCypress GardensNational 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.
Fussels Corner, FL5,15283-17%
Wahneta, FL5,00082-18%
Inwood, FL6,46882-18%
Crystal Lake, FL6,04985-15%
Dundee, FL3,83383-17%
Cypress Gardens, FL8,91894-6%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Pecos, TX8,91977-23%
Riverside, IL8,91512828%
Topanga, CA8,923211111%
Garden City, GA8,92489-11%
Mecca, CA8,91296-4%
Cypress Gardens, FL8,91894-6%
Source: The Cypress Gardens, FL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.