Cost Of Living In High Springs, FL

High Springs 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.
Index	High Springs	Florida	National
Cost of living index	98	99	100
Index	High Springs	Florida	National
Goods & Services index	98	99	100
Groceries index	103	102	100
Health care index	102	97	100
Housing index	91	95	100
Transportation index	103	100	100
Utilities index	111	103	100

An overview of the general cost of living index for High Springs, FL is displayed above for your reference. Residents in High Springs, FL enjoy a cost of living index of 98. This index is equal to the Florida average, and 2% 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 High Springs, FL, the average cost of goods and services is 2% lower than it is in Florida, and it is 2% lower than the national average.

Did you know?

The cost of living in High Springs is equal to the Florida average.
The cost of living in High Springs is 2% lower than the national average.
The cost of housing in High Springs is 9% 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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Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

The salary calculator is meant to help you compare your salary in High Springs, FL to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in High Springs, FL, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the High Springs, FL salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$66,070	$5,506	$1,542	$1,982
Renters	$32,679	$2,723	$762	$980

The affordability of the housing market in High Springs, 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 High Springs, FL homeowners, the median income is $66,070. This indicates that a monthly maximum of $1,542 should be spent by homeowners on all housing related costs. Renters have a median income of $32,679. This indicates that renters should have a maximum of $762 used for their rent related monthly costs.

Florida Sales Tax

State	General Sales Tax	With Max Surtax
Florida	6%	7.5%

Florida Income Tax

State	Income Tax (Low)	Income Tax (High)
Florida	0%	0%

When assessing the complete cost of living in High Springs, 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

Item	High Springs	National avg.	Difference
Haircut	$14.72	$15.56	5.4%
Beauty Salon	$29.44	$36.11	18.5%
Toothpaste	$2.96	$2.47	19.9%
Shampoo	$0.91	$0.96	5.7%
Movie	$11.33	$10.13	11.8%
Bowling	$4.87	$4.74	2.8%

Groceries

Item	High Springs	National avg.	Difference
Ground Beef	$4.21	$3.98	5.6%
Fried Chicken	$1.55	$1.41	9.9%
Milk	$2.33	$2.06	13.1%
Potatoes	$3.13	$2.98	5.1%
Pizza	$8.97	$9.47	5.3%
Beer	$9.30	$8.79	5.8%

Health Care

Item	High Springs	National avg.	Difference
Optometrist	$72.83	$101.04	27.9%
Doctor	$99.88	$107.44	7.0%
Dentist	$97.67	$90.42	8.0%
Ibuprofen	$10.76	$9.28	15.9%
Lipitor	$437.48	$426.50	2.6%

Housing

Item	High Springs	National avg.	Difference
Home Price	$150,600.00	$175,700.00	14.3%
Avg. Mortgage Payment	$1,015.81	$1,133.23	10.4%
Apartment Rent	$958.00	$920.00	4.1%

Transportation

Item	High Springs	National avg.	Difference
Gasoline	$2.05	$1.99	2.7%
Tire Balancing	$46.66	$45.76	2.0%

Utilities

Item	High Springs	National avg.	Difference
All Electricity	$169.18	$163.81	3.3%
Phone	$34.66	$28.39	22.1%

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, State	Population	Cost of Living Index	National Avg.
Trenton, FL	2,298	88	-12%
Spring Ridge, FL	304	90	-10%
La Crosse, FL	248	93	-7%
Worthington Springs, FL	537	94	-6%
Newberry, FL	5,185	98	-2%
High Springs, FL	5,499	98	-2%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Waterville, OH	5,499	100	0%
Poplar Grove, IL	5,498	96	-4%
Pupukea, HI	5,498	235	135%
Cut Off, LA	5,498	90	-10%
Old Bethpage, NY	5,501	152	52%
High Springs, FL	5,499	98	-2%

Source: The High Springs, FL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.

High Springs, FL Cost of Living