Florida Ridge 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.
IndexFlorida RidgeFloridaNational
Cost of living index95100100
IndexFlorida RidgeFloridaNational
Goods & Services index102101100
Groceries index113105100
Health care index9697100
Housing index6995100
Transportation index99105100
Utilities index124102100
Here we can see a simple outline of the cost of living in Florida Ridge, FL. As you can see, with the average cost of living in Florida Ridge, FL being 95, that puts it 5% 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 Florida Ridge, FL, the price of goods and services are 1% higher than the average of Florida as well as 2% higher than the nation's average.

Did you know?

  • The cost of living in Florida Ridge is 5% lower than the Florida average.
  • The cost of living in Florida Ridge is 5% lower than the national average.
  • The cost of housing in Florida Ridge is 31% 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 Florida Ridge, 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
Using the salary calculator lets you compare the salary you earn in Florida Ridge, 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 Florida Ridge, FL, you have to earn a higher income in order to still have the same standard of living. To operate the Florida Ridge, 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$44,019$3,668$1,027$1,321
Renters$32,809$2,734$765$984
One can approximate the cost of living and the housing affordability in Florida Ridge, FL by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Florida Ridge, FL have a median income of $44,019. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,027 per month to avoid calamity and poverty. The renters in the city have an income of about $32,809, which would make their monthly maximum allowable rental costs $765.

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 Florida Ridge, 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

ItemFlorida RidgeNational avg.Difference
Haircut $14.67$14.590.5%
Beauty Salon $42.67$34.6823.0%
Toothpaste $3.00$2.4721.3%
Shampoo $1.05$1.022.7%
Movie $9.13$9.877.5%
Bowling $4.75$4.398.2%

Groceries

ItemFlorida RidgeNational avg.Difference
Ground Beef $4.49$4.480.3%
Fried Chicken $1.64$1.4612.0%
Milk $2.83$2.3620.1%
Potatoes $3.94$3.0628.7%
Pizza $8.99$9.242.7%
Beer $8.99$8.634.1%

Health Care

ItemFlorida RidgeNational avg.Difference
Optometrist $105.00$99.785.2%
Doctor $77.53$105.0326.2%
Dentist $95.00$88.707.1%
Ibuprofen $11.24$9.4119.4%
Lipitor $280.37$298.506.1%

Housing

ItemFlorida RidgeNational avg.Difference
Home Price $105,300.00$175,700.0040.1%
Avg. Mortgage Payment $973.83$1,081.039.9%
Apartment Rent $838.00$920.008.9%

Transportation

ItemFlorida RidgeNational avg.Difference
Gasoline $2.15$2.092.9%
Tire Balancing $39.98$45.2911.7%

Utilities

ItemFlorida RidgeNational avg.Difference
All Electricity$209.21$170.8022.5%
Phone $35.75$28.2626.5%
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.
Fort Pierce North, FL6,90189-11%
Fort Pierce South, FL4,88790-10%
Fellsmere, FL5,31290-10%
West Vero Corridor, FL7,17691-9%
Lakewood Park, FL11,30492-8%
Florida Ridge, FL18,05695-5%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Lenoir, NC18,06188-12%
Hyattsville, MD18,04911414%
Bonney Lake, WA18,04012020%
Lackawanna, NY18,03781-19%
Cinco Ranch, TX18,02811212%
Florida Ridge, FL18,05695-5%
Source: The Florida Ridge, FL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.