Holmes Beach 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.
IndexHolmes BeachFloridaNational
Cost of living index14199100
IndexHolmes BeachFloridaNational
Goods & Services index10699100
Groceries index117102100
Health care index11697100
Housing index22395100
Transportation index88100100
Utilities index103103100
An overview of the general cost of living index for Holmes Beach, FL is displayed above for your reference. Residents in Holmes Beach, FL enjoy a cost of living index of 141. This index is 43% higher than the Florida average, and 41% higher 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 Holmes Beach, FL, the average cost of goods and services is 7% higher than it is in Florida, and it is 6% higher than the national average.

Did you know?

  • The cost of living in Holmes Beach is 43% higher than the Florida average.
  • The cost of living in Holmes Beach is 41% higher than the national average.
  • The cost of housing in Holmes Beach is 123% higher 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 Holmes Beach, 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 Holmes Beach, 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 Holmes Beach, FL, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Holmes Beach, 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)
If you want to find a good determining factor for the cost of living and the general affordability of housing in Holmes Beach, 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 Holmes Beach, FL, the median monthly income is $72,868 for those who own their own homes. Under the standard rule, that income level would allow for $1,700 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $27,981, per the median income in the area. That would allow for renters to spend up to $653 on monthly rental expenses.

Florida Sales Tax

StateGeneral Sales TaxWith Max Surtax

Florida Income Tax

StateIncome Tax (Low)Income Tax (High)
When you are determining the total cost of living in Holmes Beach, 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

ItemHolmes BeachNational avg.Difference
Haircut $15.26$15.562.0%
Beauty Salon $37.17$36.113.0%
Toothpaste $3.93$2.4758.9%
Shampoo $1.01$0.964.3%
Movie $9.98$10.131.5%
Bowling $4.09$4.7413.6%


ItemHolmes BeachNational avg.Difference
Ground Beef $5.00$3.9825.5%
Fried Chicken $1.58$1.4112.0%
Milk $2.76$2.0633.9%
Potatoes $4.83$2.9861.9%
Pizza $8.46$9.4710.7%
Beer $9.22$8.794.9%

Health Care

ItemHolmes BeachNational avg.Difference
Optometrist $118.07$101.0416.8%
Doctor $152.81$107.4442.2%
Dentist $92.34$90.422.1%
Ibuprofen $11.12$9.2819.8%
Lipitor $442.67$426.503.8%


ItemHolmes BeachNational avg.Difference
Home Price $464,200.00$175,700.00164.2%
Avg. Mortgage Payment $1,137.02$1,133.230.3%
Apartment Rent $1,173.00$920.0027.5%


ItemHolmes BeachNational avg.Difference
Gasoline $2.01$1.990.7%
Tire Balancing $26.67$45.7641.7%


ItemHolmes BeachNational avg.Difference
All Electricity$145.57$163.8111.1%
Phone $34.98$28.3923.2%
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.
South Bradenton, FL22,81489-11%
West Samoset, FL6,59790-10%
Bayshore Gardens, FL17,89991-9%
Samoset, FL3,59092-8%
North Sarasota, FL7,54892-8%
Holmes Beach, FL3,97314141%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Woodbridge, CA3,97312424%
Stilwell, OK3,97477-23%
Parker, TX3,97414343%
Greenfield, CA3,97411111%
Hannahs Mill, GA3,97587-13%
Holmes Beach, FL3,97314141%
Source: The Holmes Beach, FL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.