Fort Pierce 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 PierceFloridaNational
Cost of living index9199100
IndexFort PierceFloridaNational
Goods & Services index9999100
Groceries index103102100
Health care index9997100
Housing index6095100
Transportation index99100100
Utilities index128103100
A general overview of the cost of living index for Fort Pierce, FL is displayed above. In Fort Pierce, FL, the overall cost of living index is 91, which is 8% lower than the Florida average and 9% lower than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Fort Pierce, FL, the city's goods and services are 1% lower than the Florida average and 1% lower than the U.S. average.

Did you know?

  • The cost of living in Fort Pierce is 8% lower than the Florida average.
  • The cost of living in Fort Pierce is 9% lower than the national average.
  • The cost of housing in Fort Pierce is 40% 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.

Find Real Estate Listings In Fort Pierce

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In Fort Pierce

Compare Fort Pierce, 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 Fort Pierce, 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 Fort Pierce, FL, you have to earn a higher income in order to still have the same standard of living. To operate the Fort Pierce, 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$38,572$3,214$900$1,157
Renters$18,592$1,549$434$558
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Fort Pierce, 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 Fort Pierce, FL homeowners, is $38,572. This would allow for a maximum of $900 per month to be spent on housing costs. For renters, the median monthly income is $18,592 which would result in a maximum of $434 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 Fort Pierce, 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

ItemFort PierceNational avg.Difference
Haircut $14.67$15.565.7%
Beauty Salon $43.89$36.1121.5%
Toothpaste $2.86$2.4715.7%
Shampoo $0.97$0.960.9%
Movie $6.21$10.1338.6%
Bowling $4.42$4.746.7%

Groceries

ItemFort PierceNational avg.Difference
Ground Beef $3.48$3.9812.6%
Fried Chicken $1.30$1.417.6%
Milk $2.38$2.0615.2%
Potatoes $3.60$2.9820.7%
Pizza $8.99$9.475.1%
Beer $9.49$8.797.9%

Health Care

ItemFort PierceNational avg.Difference
Optometrist $114.75$101.0413.6%
Doctor $87.53$107.4418.5%
Dentist $94.78$90.424.8%
Ibuprofen $10.69$9.2815.2%
Lipitor $418.04$426.502.0%

Housing

ItemFort PierceNational avg.Difference
Home Price $85,400.00$175,700.0051.4%
Avg. Mortgage Payment $907.44$1,133.2319.9%
Apartment Rent $790.00$920.0014.1%

Transportation

ItemFort PierceNational avg.Difference
Gasoline $2.00$1.990.5%
Tire Balancing $43.32$45.765.3%

Utilities

ItemFort PierceNational avg.Difference
All Electricity$208.89$163.8127.5%
Phone $36.82$28.3929.7%
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.
Ocean Breeze Park, FL25882-18%
Fort Pierce North, FL6,90187-13%
Fort Pierce South, FL4,88788-12%
West Vero Corridor, FL7,17689-11%
River Park, FL5,35289-11%
Fort Pierce, FL42,74491-9%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Everett, MA42,75813939%
Bell Gardens, CA42,71212323%
Danville, VA42,70478-22%
Oakland Park, FL42,795100-0%
Fairfield, OH42,64393-7%
Fort Pierce, FL42,74491-9%
Source: The Fort Pierce, FL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.