DeFuniak Springs, FL Cost Of Living

DeFuniak 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.
Index	DeFuniak Springs	Florida	National
Cost of living index	85	99	100
Index	DeFuniak Springs	Florida	National
Goods & Services index	91	99	100
Groceries index	99	105	100
Health care index	87	98	100
Housing index	65	96	100
Transportation index	88	100	100
Utilities index	107	103	100

Here we can see a simple outline of the cost of living in DeFuniak Springs, FL. As you can see, with the average cost of living in DeFuniak Springs, FL being 85, that puts it 14% lower than the average of Florida and 15% lower than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of DeFuniak Springs, FL, the price of goods and services are 8% lower than the average of Florida as well as 9% lower than the nation's average.

Did you know?

The cost of living in DeFuniak Springs is 14% lower than the Florida average.
The cost of living in DeFuniak Springs is 15% lower than the national average.
The cost of housing in DeFuniak Springs is 35% 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 DeFuniak Springs, FL Cost of living To Other Cities

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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 used in order to provide a comparison of your current salary in DeFuniak Springs, FL to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to DeFuniak Springs, FL, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the DeFuniak Springs, FL salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$44,682	$3,724	$1,043	$1,341
Renters	$22,747	$1,896	$531	$682

The affordability of the housing market in DeFuniak Springs, 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 DeFuniak Springs, FL homeowners, the median income is $44,682. This indicates that a monthly maximum of $1,043 should be spent by homeowners on all housing related costs. Renters have a median income of $22,747. This indicates that renters should have a maximum of $531 used for their rent related monthly 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%

When assessing the complete cost of living in DeFuniak Springs, 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

Item	DeFuniak Springs	National avg.	Difference
Haircut	$12.08	$16.09	24.9%
Beauty Salon	$21.51	$37.33	42.4%
Toothpaste	$1.75	$2.45	28.3%
Shampoo	$0.93	$1.00	7.1%
Movie	$7.94	$10.28	22.8%
Bowling	$4.23	$4.93	14.2%

Groceries

Item	DeFuniak Springs	National avg.	Difference
Ground Beef	$3.70	$3.80	2.7%
Fried Chicken	$1.51	$1.40	8.4%
Milk	$2.16	$2.01	7.8%
Potatoes	$3.05	$3.01	1.3%
Pizza	$10.00	$9.89	1.2%
Beer	$8.77	$8.90	1.5%

Health Care

Item	DeFuniak Springs	National avg.	Difference
Optometrist	$75.02	$102.16	26.6%
Doctor	$87.01	$108.36	19.7%
Dentist	$66.84	$92.53	27.8%
Ibuprofen	$12.82	$9.28	38.2%
Lipitor	$450.67	$425.82	5.8%

Housing

Item	DeFuniak Springs	National avg.	Difference
Home Price	$111,400.00	$184,700.00	39.7%
Avg. Mortgage Payment	$858.21	$1,202.44	28.6%
Apartment Rent	$710.00	$949.00	25.2%

Transportation

Item	DeFuniak Springs	National avg.	Difference
Gasoline	$2.01	$2.24	10.2%
Tire Balancing	$38.58	$46.29	16.7%

Utilities

Item	DeFuniak Springs	National avg.	Difference
All Electricity	$141.42	$165.96	14.8%
Phone	$38.17	$28.68	33.1%

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, State	Population	Cost of Living Index	National Avg.
Ponce de Leon, FL	551	81	-19%
Freeport, FL	2,332	98	-2%
DeFuniak Springs, FL	5,873	85	-15%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Tequesta, FL	5,873	120	20%
Finley, WA	5,872	97	-3%
Roseland, NJ	5,875	152	52%
Sunnyvale, TX	5,871	127	27%
Roseburg North, OR	5,876	99	-1%
DeFuniak Springs, FL	5,873	85	-15%

Source: The DeFuniak Springs, FL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.

DeFuniak Springs, FL Cost of Living