Fern Park 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.
IndexFern ParkFloridaNational
Cost of living index9399100
IndexFern ParkFloridaNational
Goods & Services index9499100
Groceries index100102100
Health care index8697100
Housing index8895100
Transportation index98100100
Utilities index98103100
The above illustration supplies generalized information for the Fern Park, FL cost of living index. Compared to other cities in Florida and cities across the country, the cost of living index in Fern Park, FL is 93, which is 5% lower than the Florida average and 7% lower than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Fern Park, FL are 6% lower than the average for Florida and 6% lower than the rest of the country.

Did you know?

  • The cost of living in Fern Park is 5% lower than the Florida average.
  • The cost of living in Fern Park is 7% lower than the national average.
  • The cost of housing in Fern Park is 12% 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 Fern Park, FL Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
Price difference in compared to
Cost of living index
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Groceries index
Health care index
Housing index
Transportation index
Utilities index
Using the salary calculator lets you compare the salary you earn in Fern Park, FL to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Fern Park, FL, you have to earn a higher income in order to still have the same standard of living. To operate the Fern Park, FL salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$54,188$4,516$1,264$1,626
Renters$51,106$4,259$1,192$1,533
If you want to find a good determining factor for the cost of living and the general affordability of housing in Fern Park, 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 Fern Park, FL, the median monthly income is $54,188 for those who own their own homes. Under the standard rule, that income level would allow for $1,264 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $51,106, per the median income in the area. That would allow for renters to spend up to $1,192 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 Fern Park, 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

ItemFern ParkNational 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

ItemFern ParkNational 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

ItemFern ParkNational 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

ItemFern ParkNational avg.Difference
Home Price $155,100.00$175,700.0011.7%
Avg. Mortgage Payment $954.22$1,133.2315.8%
Apartment Rent $812.00$920.0011.7%

Transportation

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

Utilities

ItemFern ParkNational 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.
Paradise Heights, FL55083-17%
Clarcona, FL2,92684-16%
Eatonville, FL2,25884-16%
Zellwood, FL2,96985-15%
Oak Ridge, FL22,31386-14%
Fern Park, FL8,12393-7%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Lake Elmo, MN8,12312525%
Lake Carmel, NY8,12713030%
Campbell, OH8,12783-17%
Vinton, VA8,12988-12%
South Beloit, IL8,12988-12%
Fern Park, FL8,12393-7%
Source: The Fern Park, FL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.