Hobe Sound 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.
IndexHobe SoundFloridaNational
Cost of living index99100100
IndexHobe SoundFloridaNational
Goods & Services index102101100
Groceries index113105100
Health care index9697100
Housing index8395100
Transportation index99105100
Utilities index124102100
Displayed above is a general overview of the Hobe Sound, FL cost of living index. The overall cost of living index in Hobe Sound, FL is 99, which is 1% lower than the Florida average and 1% lower than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Hobe Sound, FL are 1% higher than the Florida average and 2% higher than the national average.

Did you know?

  • The cost of living in Hobe Sound is 1% lower than the Florida average.
  • The cost of living in Hobe Sound is 1% lower than the national average.
  • The cost of housing in Hobe Sound is 17% 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 Hobe Sound, FL Cost of living To Other Cities

Salary Calculator

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The salary calculator is meant to help you compare your salary in Hobe Sound, 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 Hobe Sound, FL, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Hobe Sound, 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 IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$50,685$4,224$1,183$1,521
Renters$34,617$2,885$808$1,039
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 Hobe Sound, 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. Hobe Sound, FL has a median income of about $50,685 for people who own homes. Based on that number, a person should spend a maximum of $1,183 on expenses related to housing. Renters have a slightly different median income, which is $34,617. Based on this average, renters should spend no more than $808 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 considering the overall cost of living expenses in Hobe Sound, 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

ItemHobe SoundNational avg.Difference
Haircut $14.67$14.590.5%
Beauty Salon $42.67$34.6823.0%
Toothpaste $3.00$2.4721.3%
Shampoo $1.05$1.022.7%
Movie $9.13$9.877.5%
Bowling $4.75$4.398.2%

Groceries

ItemHobe SoundNational avg.Difference
Ground Beef $4.49$4.480.3%
Fried Chicken $1.64$1.4612.0%
Milk $2.83$2.3620.1%
Potatoes $3.94$3.0628.7%
Pizza $8.99$9.242.7%
Beer $8.99$8.634.1%

Health Care

ItemHobe SoundNational avg.Difference
Optometrist $105.00$99.785.2%
Doctor $77.53$105.0326.2%
Dentist $95.00$88.707.1%
Ibuprofen $11.24$9.4119.4%
Lipitor $280.37$298.506.1%

Housing

ItemHobe SoundNational avg.Difference
Home Price $141,800.00$175,700.0019.3%
Avg. Mortgage Payment $973.83$1,081.039.9%
Apartment Rent $803.00$920.0012.7%

Transportation

ItemHobe SoundNational avg.Difference
Gasoline $2.15$2.092.9%
Tire Balancing $39.98$45.2911.7%

Utilities

ItemHobe SoundNational avg.Difference
All Electricity$209.21$170.8022.5%
Phone $35.75$28.2626.5%
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.
Ocean Breeze Park, FL25884-16%
Limestone Creek, FL1,15294-6%
Stuart, FL15,85097-3%
Port Salerno, FL10,070100-0%
Port St. Lucie, FL169,2601022%
Hobe Sound, FL13,20599-1%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
McPherson, KS13,20588-12%
Azalea Park, FL13,20389-11%
Geneva, NY13,20290-10%
Clayton, OH13,21296-4%
Rantoul, IL13,21485-15%
Hobe Sound, FL13,20599-1%
Source: The Hobe Sound, FL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.