Ferry Pass 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.
IndexFerry PassFloridaNational
Cost of living index9599100
IndexFerry PassFloridaNational
Goods & Services index10099100
Groceries index104102100
Health care index9497100
Housing index8595100
Transportation index100100100
Utilities index90103100
Here we can see a simple outline of the cost of living in Ferry Pass, FL. As you can see, with the average cost of living in Ferry Pass, FL being 95, that puts it 4% lower than the average of Florida and 5% 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 Ferry Pass, FL, the price of goods and services are 1% higher than the average of Florida as well as equal to the nation's average.

Did you know?

  • The cost of living in Ferry Pass is 4% lower than the Florida average.
  • The cost of living in Ferry Pass is 5% lower than the national average.
  • The cost of housing in Ferry Pass is 15% 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 Ferry Pass, 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
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 Ferry Pass, 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 Ferry Pass, FL, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Ferry Pass, 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 IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$56,875$4,740$1,327$1,706
Renters$31,016$2,585$724$931
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Ferry Pass, FL as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Ferry Pass, FL homeowners, is $56,875. This would allow for a maximum of $1,327 per month to be spent on housing costs. For renters, the median monthly income is $31,016 which would result in a maximum of $724 to be spent on rental costs.

Florida Sales Tax

StateGeneral Sales TaxWith Max Surtax
Florida6%7.5%

Florida Income Tax

StateIncome Tax (Low)Income Tax (High)
Florida0%0%
When considering the overall cost of living expenses in Ferry Pass, FL, it's important to take into account the sales tax for Florida, as well as the rate for income tax in Florida. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for Florida is 7.5%, and the sales tax in the state of Florida is 6%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in Florida starts from 0% and goes up to 0%.

Goods & Services

ItemFerry PassNational avg.Difference
Haircut $13.93$15.5610.5%
Beauty Salon $35.38$36.112.0%
Toothpaste $2.73$2.4710.6%
Shampoo $1.01$0.964.6%
Movie $9.28$10.138.3%
Bowling $3.46$4.7426.9%

Groceries

ItemFerry PassNational avg.Difference
Ground Beef $4.01$3.980.6%
Fried Chicken $1.45$1.413.2%
Milk $2.55$2.0623.5%
Potatoes $3.31$2.9811.0%
Pizza $8.61$9.479.1%
Beer $9.43$8.797.3%

Health Care

ItemFerry PassNational avg.Difference
Optometrist $63.50$101.0437.2%
Doctor $93.26$107.4413.2%
Dentist $84.01$90.427.1%
Ibuprofen $11.48$9.2823.8%
Lipitor $434.87$426.502.0%

Housing

ItemFerry PassNational avg.Difference
Home Price $138,600.00$175,700.0021.1%
Avg. Mortgage Payment $776.87$1,133.2331.4%
Apartment Rent $910.00$920.001.1%

Transportation

ItemFerry PassNational avg.Difference
Gasoline $2.00$1.990.5%
Tire Balancing $44.98$45.761.7%

Utilities

ItemFerry PassNational avg.Difference
All Electricity$178.70$163.819.1%
Phone $18.39$28.3935.2%
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.
Dickerson City, FL7999-1%
Mulat, FL26399-1%
Goulding, FL4,53984-16%
West Pensacola, FL19,57185-15%
Warrington, FL13,42888-12%
Ferry Pass, FL31,20495-5%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Parkersburg, WV31,19584-16%
Alamogordo, NM31,22490-10%
West Little River, FL31,22694-6%
Gurnee, IL31,18211717%
North Tonawanda, NY31,24584-16%
Ferry Pass, FL31,20495-5%
Source: The Ferry Pass, FL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.