Highland City 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.
IndexHighland CityFloridaNational
Cost of living index94100100
IndexHighland CityFloridaNational
Goods & Services index96101100
Groceries index99105100
Health care index9197100
Housing index8695100
Transportation index102105100
Utilities index103102100
An overview of the general cost of living index for Highland City, FL is displayed above for your reference. Residents in Highland City, FL enjoy a cost of living index of 94. This index is 5% 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 Highland City, FL, the average cost of goods and services is 5% lower than it is in Florida, and it is 4% lower than the national average.

Did you know?

  • The cost of living in Highland City is 5% lower than the Florida average.
  • The cost of living in Highland City is 6% lower than the national average.
  • The cost of housing in Highland City is 14% 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.

Find Real Estate Listings In Highland City

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In Highland City

Compare Highland City, FL Cost of living To Other Cities

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 Highland City, 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 Highland City, FL, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Highland City, 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)
Owners$70,248$5,854$1,639$2,108
Renters$40,614$3,385$948$1,219
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 Highland City, 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. Highland City, FL has a median income of about $70,248 for people who own homes. Based on that number, a person should spend a maximum of $1,639 on expenses related to housing. Renters have a slightly different median income, which is $40,614. Based on this average, renters should spend no more than $948 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 you are determining the total cost of living in Highland City, FL you will want to make sure you consider both the Florida sales tax and the Florida income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Florida is 6%, with the highest surtax being 7.5%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Florida have a range from 0% to 0%.

Goods & Services

ItemHighland CityNational 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

ItemHighland CityNational 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

ItemHighland CityNational 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

ItemHighland CityNational avg.Difference
Home Price $138,900.00$175,700.0020.9%
Avg. Mortgage Payment $774.61$1,081.0328.3%
Apartment Rent $951.00$920.003.4%

Transportation

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

Utilities

ItemHighland CityNational 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.
Bradley Junction, FL49481-19%
Mulberry, FL3,86482-18%
Fussels Corner, FL5,15283-17%
Wahneta, FL5,00083-17%
Inwood, FL6,46885-15%
Highland City, FL10,04094-6%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Capitola, CA10,04314848%
Middlesborough, KY10,03581-19%
Newport, OR10,04511414%
Coffeyville, KS10,03477-23%
Marlboro Village, MD10,04612020%
Highland City, FL10,04094-6%
Source: The Highland City, FL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.