Gibsonton 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.
IndexGibsontonFloridaNational
Cost of living index93100100
IndexGibsontonFloridaNational
Goods & Services index96101100
Groceries index99105100
Health care index9197100
Housing index8095100
Transportation index102105100
Utilities index103102100
Displayed above is a general overview of the Gibsonton, FL cost of living index. The overall cost of living index in Gibsonton, FL is 93, which is 7% lower than the Florida average and 7% lower than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Gibsonton, FL are 5% lower than the Florida average and 4% lower than the national average.

Did you know?

  • The cost of living in Gibsonton is 7% lower than the Florida average.
  • The cost of living in Gibsonton is 7% lower than the national average.
  • The cost of housing in Gibsonton is 20% 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 Gibsonton, FL Cost of living To Other Cities

Salary Calculator

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Health care index
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The salary calculator is used in order to provide a comparison of your current salary in Gibsonton, 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 Gibsonton, FL, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Gibsonton, 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$56,023$4,669$1,307$1,681
Renters$26,151$2,179$610$785
The affordability of the housing market in Gibsonton, FL as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Gibsonton, FL homeowners, the median income is $56,023. This indicates that a monthly maximum of $1,307 should be spent by homeowners on all housing related costs. Renters have a median income of $26,151. This indicates that renters should have a maximum of $610 used for their rent related monthly costs.

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 Gibsonton, 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

ItemGibsontonNational avg.Difference
Haircut $14.10$14.593.4%
Beauty Salon $32.10$34.687.4%
Toothpaste $2.28$2.477.8%
Shampoo $1.00$1.022.2%
Movie $9.61$9.872.6%
Bowling $5.22$4.3918.9%

Groceries

ItemGibsontonNational avg.Difference
Ground Beef $4.61$4.483.0%
Fried Chicken $1.51$1.463.1%
Milk $2.70$2.3614.6%
Potatoes $3.47$3.0613.3%
Pizza $8.49$9.248.1%
Beer $8.67$8.630.4%

Health Care

ItemGibsontonNational avg.Difference
Optometrist $91.30$99.788.5%
Doctor $85.80$105.0318.3%
Dentist $75.44$88.7015.0%
Ibuprofen $9.44$9.410.3%
Lipitor $324.53$298.508.7%

Housing

ItemGibsontonNational avg.Difference
Home Price $132,400.00$175,700.0024.6%
Avg. Mortgage Payment $774.61$1,081.0328.3%
Apartment Rent $844.00$920.008.3%

Transportation

ItemGibsontonNational avg.Difference
Gasoline $2.08$2.090.3%
Tire Balancing $48.65$45.297.4%

Utilities

ItemGibsontonNational avg.Difference
All Electricity$160.88$170.805.8%
Phone $32.47$28.2614.9%
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.
East Lake-Orient Park, FL23,99588-12%
Mango, FL12,06289-11%
Dover, FL4,28489-11%
Palm River-Clair Mel, FL22,66790-10%
Wimauma, FL6,32790-10%
Gibsonton, FL15,89393-7%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Wilkinsburg, PA15,89488-12%
Rye, NY15,892223123%
Waterville, ME15,8861011%
Adelphi, MD15,88511010%
Pearl River, NY15,90115757%
Gibsonton, FL15,89393-7%
Source: The Gibsonton, FL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.