Holly Hill 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.
IndexHolly HillFloridaNational
Cost of living index8699100
IndexHolly HillFloridaNational
Goods & Services index10199100
Groceries index96102100
Health care index9797100
Housing index5795100
Transportation index101100100
Utilities index93103100
An overview of the general cost of living index for Holly Hill, FL is displayed above for your reference. Residents in Holly Hill, FL enjoy a cost of living index of 86. This index is 13% lower than the Florida average, and 14% 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 Holly Hill, FL, the average cost of goods and services is 2% higher than it is in Florida, and it is 1% higher than the national average.

Did you know?

  • The cost of living in Holly Hill is 13% lower than the Florida average.
  • The cost of living in Holly Hill is 14% lower than the national average.
  • The cost of housing in Holly Hill is 43% 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 Holly Hill

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In Holly Hill

Compare Holly Hill, 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 is meant to help you compare your salary in Holly Hill, 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 Holly Hill, FL, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Holly Hill, 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$35,949$2,996$839$1,079
Renters$21,705$1,809$506$651
If you want to find a good determining factor for the cost of living and the general affordability of housing in Holly Hill, FL, all you must look at is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Holly Hill, FL, the median monthly income is $35,949 for those who own their own homes. Under the standard rule, that income level would allow for $839 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $21,705, per the median income in the area. That would allow for renters to spend up to $506 on monthly rental expenses.

Florida Sales Tax

StateGeneral Sales TaxWith Max Surtax
Florida6%7.5%

Florida Income Tax

StateIncome Tax (Low)Income Tax (High)
Florida0%0%
One thing to keep in mind when considering the cost of living in Holly Hill, FL is the Florida sales tax and Florida income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The Florida sales tax rate is 6% and the maximum surtax that can be charged is 7.5%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The Florida income tax rates range from 0% to 0%.

Goods & Services

ItemHolly HillNational avg.Difference
Haircut $10.31$15.5633.8%
Beauty Salon $32.25$36.1110.7%
Toothpaste $2.13$2.4713.9%
Shampoo $0.95$0.961.6%
Movie $10.29$10.131.6%
Bowling $3.95$4.7416.6%

Groceries

ItemHolly HillNational avg.Difference
Ground Beef $4.58$3.9814.9%
Fried Chicken $1.38$1.412.0%
Milk $2.24$2.068.4%
Potatoes $3.19$2.986.8%
Pizza $9.16$9.473.3%
Beer $9.09$8.793.3%

Health Care

ItemHolly HillNational avg.Difference
Optometrist $72.07$101.0428.7%
Doctor $105.29$107.442.0%
Dentist $86.78$90.424.0%
Ibuprofen $8.95$9.283.5%
Lipitor $444.06$426.504.1%

Housing

ItemHolly HillNational avg.Difference
Home Price $76,500.00$175,700.0056.5%
Avg. Mortgage Payment $897.34$1,133.2320.8%
Apartment Rent $805.00$920.0012.5%

Transportation

ItemHolly HillNational avg.Difference
Gasoline $2.05$1.993.1%
Tire Balancing $43.55$45.764.8%

Utilities

ItemHolly HillNational avg.Difference
All Electricity$141.91$163.8113.4%
Phone $28.98$28.392.1%
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, StatePopulationCost of Living IndexNational Avg.
North DeLand, FL1,54090-10%
Daytona Beach, FL61,91390-10%
South Daytona, FL12,26590-10%
Port Orange, FL57,21895-5%
Ormond-by-the-Sea, FL7,76498-2%
Holly Hill, FL11,68086-14%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
North Bellport, NY11,68013636%
Magnolia, AR11,68188-12%
Lansdowne, VA11,67815252%
Boerne, TX11,67498-2%
Muscoy, CA11,6741066%
Holly Hill, FL11,68086-14%
Source: The Holly Hill, FL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.