Fort Meade 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.
IndexFort MeadeFloridaNational
Cost of living index8599100
IndexFort MeadeFloridaNational
Goods & Services index9299100
Groceries index98102100
Health care index9697100
Housing index5795100
Transportation index100100100
Utilities index114103100
The above illustration supplies generalized information for the Fort Meade, FL cost of living index. Compared to other cities in Florida and cities across the country, the cost of living index in Fort Meade, FL is 85, which is 14% lower than the Florida average and 15% 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 Fort Meade, FL are 7% lower than the average for Florida and 8% lower than the rest of the country.

Did you know?

  • The cost of living in Fort Meade is 14% lower than the Florida average.
  • The cost of living in Fort Meade is 15% lower than the national average.
  • The cost of housing in Fort Meade is 43% 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 Fort Meade, FL Cost of living To Other Cities

Salary Calculator

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Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
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The salary calculator is used in order to provide a comparison of your current salary in Fort Meade, 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 Fort Meade, FL, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Fort Meade, 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$44,331$3,694$1,034$1,330
Renters$31,964$2,664$746$959
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Fort Meade, FL, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Fort Meade, FL homeowners have a median income of $44,331. Using that number, you will come up with a maximum of $1,034 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $31,964, which means there is a maximum of $746 to be spent on the costs of renting a home or apartment.

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 Fort Meade, 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

ItemFort MeadeNational avg.Difference
Haircut $13.63$15.5612.4%
Beauty Salon $34.41$36.114.7%
Toothpaste $2.30$2.477.1%
Shampoo $0.89$0.967.8%
Movie $10.04$10.130.9%
Bowling $5.29$4.7411.6%

Groceries

ItemFort MeadeNational avg.Difference
Ground Beef $4.13$3.983.6%
Fried Chicken $1.38$1.411.9%
Milk $2.39$2.0616.0%
Potatoes $3.27$2.989.7%
Pizza $8.61$9.479.1%
Beer $9.36$8.796.4%

Health Care

ItemFort MeadeNational avg.Difference
Optometrist $99.69$101.041.3%
Doctor $94.39$107.4412.1%
Dentist $87.08$90.423.7%
Ibuprofen $9.49$9.282.2%
Lipitor $425.69$426.500.2%

Housing

ItemFort MeadeNational avg.Difference
Home Price $71,100.00$175,700.0059.5%
Avg. Mortgage Payment $759.70$1,133.2333.0%
Apartment Rent $867.00$920.005.8%

Transportation

ItemFort MeadeNational avg.Difference
Gasoline $1.96$1.991.4%
Tire Balancing $46.52$45.761.7%

Utilities

ItemFort MeadeNational avg.Difference
All Electricity$155.82$163.814.9%
Phone $39.95$28.3940.7%
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 Green Springs, FL29276-24%
Lemon Grove, FL70287-13%
Bradley Junction, FL49481-19%
Mulberry, FL3,86482-18%
Wahneta, FL5,00082-18%
Fort Meade, FL5,74585-15%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Barnhart, MO5,74696-4%
Bath, NY5,74784-16%
Durham, CA5,74313232%
Oreland, PA5,74812222%
Sterling, AK5,74812525%
Fort Meade, FL5,74585-15%
Source: The Fort Meade, FL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.