Goulds 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.
IndexGouldsFloridaNational
Cost of living index9699100
IndexGouldsFloridaNational
Goods & Services index10599100
Groceries index103102100
Health care index10197100
Housing index7695100
Transportation index108100100
Utilities index99103100
A general overview of the cost of living index for Goulds, FL is displayed above. In Goulds, FL, the overall cost of living index is 96, which is 3% lower than the Florida average and 4% 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 Goulds, FL, the city's goods and services are 5% higher than the Florida average and 5% higher than the U.S. average.

Did you know?

  • The cost of living in Goulds is 3% lower than the Florida average.
  • The cost of living in Goulds is 4% lower than the national average.
  • The cost of housing in Goulds is 24% 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 Goulds, FL Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current salary in Goulds, FL to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Goulds, FL, then you would need to earn more income in order to maintain the same standard of living. To use the Goulds, FL salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$50,567$4,214$1,180$1,517
Renters$22,451$1,871$524$674
A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Goulds, FL, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Goulds, FL has a median income of about $50,567 for people who own homes. Based on that number, a person should spend a maximum of $1,180 on expenses related to housing. Renters have a slightly different median income, which is $22,451. Based on this average, renters should spend no more than $524 on all of their rental costs if they want to maintain a non-impoverished standard of living.

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 Goulds, 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

ItemGouldsNational avg.Difference
Haircut $15.47$15.560.6%
Beauty Salon $61.93$36.1171.5%
Toothpaste $2.40$2.472.8%
Shampoo $0.98$0.961.2%
Movie $12.52$10.1323.7%
Bowling $6.65$4.7440.4%

Groceries

ItemGouldsNational avg.Difference
Ground Beef $4.56$3.9814.5%
Fried Chicken $1.56$1.4111.1%
Milk $2.49$2.0620.7%
Potatoes $3.46$2.9816.1%
Pizza $8.99$9.475.1%
Beer $9.34$8.796.2%

Health Care

ItemGouldsNational avg.Difference
Optometrist $96.00$101.045.0%
Doctor $95.56$107.4411.1%
Dentist $97.13$90.427.4%
Ibuprofen $11.13$9.2819.9%
Lipitor $415.12$426.502.7%

Housing

ItemGouldsNational avg.Difference
Home Price $124,300.00$175,700.0029.3%
Avg. Mortgage Payment $1,272.27$1,133.2312.3%
Apartment Rent $816.00$920.0011.3%

Transportation

ItemGouldsNational avg.Difference
Gasoline $2.05$1.992.7%
Tire Balancing $55.40$45.7621.1%

Utilities

ItemGouldsNational avg.Difference
All Electricity$152.73$163.816.8%
Phone $30.33$28.396.9%
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.
Islandia, FL01044%
Homestead Base, FL1,07078-22%
Leisure City, FL24,12594-6%
Florida City, FL11,85395-5%
Homestead, FL63,45996-4%
Goulds, FL11,21096-4%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
River Forest, IL11,21115656%
Woodinville, WA11,20115656%
Springdale, OH11,20192-8%
West Point, MS11,20079-21%
Peru, IN11,19978-22%
Goulds, FL11,21096-4%
Source: The Goulds, FL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.