Golden Gate 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.
IndexGolden GateFloridaNational
Cost of living index97100100
IndexGolden GateFloridaNational
Goods & Services index104101100
Groceries index103105100
Health care index10897100
Housing index8295100
Transportation index103105100
Utilities index103102100
The above illustration supplies generalized information for the Golden Gate, FL cost of living index. Compared to other cities in Florida and cities across the country, the cost of living index in Golden Gate, FL is 97, which is 3% lower than the Florida average and 3% 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 Golden Gate, FL are 4% higher than the average for Florida and 4% higher than the rest of the country.

Did you know?

  • The cost of living in Golden Gate is 3% lower than the Florida average.
  • The cost of living in Golden Gate is 3% lower than the national average.
  • The cost of housing in Golden Gate is 18% 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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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 allows you to compare how much your current salary in Golden Gate, FL would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Golden Gate, FL, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Golden Gate, FL salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Golden Gate, 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 Golden Gate, FL homeowners have a median income of $50,621. Using that number, you will come up with a maximum of $1,181 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $28,880, which means there is a maximum of $674 to be spent on the costs of renting a home or apartment.

Florida Sales Tax

StateGeneral Sales TaxWith Max Surtax

Florida Income Tax

StateIncome Tax (Low)Income Tax (High)
When considering the overall cost of living expenses in Golden Gate, 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

ItemGolden GateNational avg.Difference
Haircut $14.00$14.594.1%
Beauty Salon $38.25$34.6810.3%
Toothpaste $2.94$2.4718.9%
Shampoo $1.11$1.028.6%
Movie $9.54$9.873.3%
Bowling $4.50$4.392.5%


ItemGolden GateNational avg.Difference
Ground Beef $4.89$4.489.2%
Fried Chicken $1.63$1.4611.3%
Milk $2.73$2.3615.8%
Potatoes $3.18$3.063.9%
Pizza $8.37$9.249.4%
Beer $9.75$8.6312.9%

Health Care

ItemGolden GateNational avg.Difference
Optometrist $119.33$99.7819.6%
Doctor $137.25$105.0330.7%
Dentist $79.20$88.7010.7%
Ibuprofen $10.09$9.417.2%
Lipitor $328.16$298.509.9%


ItemGolden GateNational avg.Difference
Home Price $129,200.00$175,700.0026.5%
Avg. Mortgage Payment $1,157.56$1,081.037.1%
Apartment Rent $945.00$920.002.7%


ItemGolden GateNational avg.Difference
Gasoline $2.19$2.094.6%
Tire Balancing $44.50$45.291.7%


ItemGolden GateNational avg.Difference
All Electricity$158.97$170.806.9%
Phone $32.85$28.2616.3%
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.
Naples Manor, FL6,09693-7%
Lely, FL3,48111313%
Bonita Springs, FL46,38411111%
Orangetree, FL5,35111010%
Naples Park, FL7,17811212%
Golden Gate, FL28,91797-3%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
East Palo Alto, CA28,92014343%
Perry Hall, MD28,92411111%
Lake in the Hills, IL28,9261055%
Princeton, NJ28,94018181%
Bay Shore, NY28,88313636%
Golden Gate, FL28,91797-3%
Source: The Golden Gate, FL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.