Greenacres 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.
Cost of living index94100100
Goods & Services index99101100
Groceries index102105100
Health care index9997100
Housing index7795100
Transportation index118105100
Utilities index97102100
An overview of the general cost of living index for Greenacres, FL is displayed above for your reference. Residents in Greenacres, FL enjoy a cost of living index of 94. This index is 6% lower than the Florida average, and 6% lower than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Greenacres, FL, the average cost of goods and services is 2% lower than it is in Florida, and it is 1% lower than the national average.

Did you know?

  • The cost of living in Greenacres is 6% lower than the Florida average.
  • The cost of living in Greenacres is 6% lower than the national average.
  • The cost of housing in Greenacres is 23% 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 Greenacres, FL Cost of living To Other Cities

Salary Calculator

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Health care index
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Use the salary calculator to compare your current income in Greenacres, FL to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Greenacres, FL, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Greenacres, FL salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
The affordability of the housing market in Greenacres, 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 Greenacres, FL homeowners, the median income is $47,793. This indicates that a monthly maximum of $1,115 should be spent by homeowners on all housing related costs. Renters have a median income of $35,106. This indicates that renters should have a maximum of $819 used for their rent related monthly costs.

Florida Sales Tax

StateGeneral Sales TaxWith Max Surtax

Florida Income Tax

StateIncome Tax (Low)Income Tax (High)
When assessing the complete cost of living in Greenacres, 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

ItemGreenacresNational avg.Difference
Haircut $12.83$14.5912.1%
Beauty Salon $49.75$34.6843.5%
Toothpaste $2.91$2.4717.7%
Shampoo $1.03$1.020.8%
Movie $12.41$9.8725.8%
Bowling $4.53$4.393.1%


ItemGreenacresNational avg.Difference
Ground Beef $5.12$4.4814.4%
Fried Chicken $1.56$1.466.6%
Milk $2.82$2.3619.7%
Potatoes $3.32$3.068.4%
Pizza $8.99$9.242.7%
Beer $8.02$8.637.1%

Health Care

ItemGreenacresNational avg.Difference
Optometrist $95.80$99.784.0%
Doctor $87.00$105.0317.2%
Dentist $87.40$88.701.5%
Ibuprofen $11.59$9.4123.1%
Lipitor $332.58$298.5011.4%


ItemGreenacresNational avg.Difference
Home Price $99,800.00$175,700.0043.2%
Avg. Mortgage Payment $1,564.37$1,081.0344.7%
Apartment Rent $1,131.00$920.0022.9%


ItemGreenacresNational avg.Difference
Gasoline $2.35$2.0912.6%
Tire Balancing $59.59$45.2931.6%


ItemGreenacresNational avg.Difference
All Electricity$166.37$170.802.6%
Phone $27.52$28.262.6%
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.
Schall Circle, FL1,12988-12%
Plantation Mobile Home Park, FL1,03188-12%
San Castle, FL4,51388-12%
Gun Club Estates, FL93690-10%
Seminole Manor, FL2,46490-10%
Greenacres, FL38,44494-6%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Stanton, CA38,45512323%
Lima, OH38,43285-15%
Huber Heights, OH38,48493-7%
Hilton Head Island, SC38,49713737%
Ormond Beach, FL38,5021022%
Greenacres, FL38,44494-6%
Source: The Greenacres, FL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.