Hutchinson Island South 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.
IndexHutchinson Island SouthFloridaNational
Cost of living index11399100
IndexHutchinson Island SouthFloridaNational
Goods & Services index9999100
Groceries index103102100
Health care index9997100
Housing index13695100
Transportation index99100100
Utilities index128103100
The above illustration supplies generalized information for the Hutchinson Island South, FL cost of living index. Compared to other cities in Florida and cities across the country, the cost of living index in Hutchinson Island South, FL is 113, which is 15% higher than the Florida average and 13% higher than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Hutchinson Island South, FL are 1% lower than the average for Florida and 1% lower than the rest of the country.

Did you know?

  • The cost of living in Hutchinson Island South is 15% higher than the Florida average.
  • The cost of living in Hutchinson Island South is 13% higher than the national average.
  • The cost of housing in Hutchinson Island South is 36% 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 Hutchinson Island South, 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
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The salary calculator is used in order to provide a comparison of your current salary in Hutchinson Island South, FL to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Hutchinson Island South, FL, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Hutchinson Island South, FL salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$52,031$4,336$1,214$1,561
Renters$44,844$3,737$1,046$1,345
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Hutchinson Island South, FL, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Hutchinson Island South, FL homeowners have a median income of $52,031. Using that number, you will come up with a maximum of $1,214 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $44,844, which means there is a maximum of $1,046 to be spent on the costs of renting a home or apartment.

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 Hutchinson Island South, 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

ItemHutchinson Island SouthNational avg.Difference
Haircut $14.67$15.565.7%
Beauty Salon $43.89$36.1121.5%
Toothpaste $2.86$2.4715.7%
Shampoo $0.97$0.960.9%
Movie $6.21$10.1338.6%
Bowling $4.42$4.746.7%

Groceries

ItemHutchinson Island SouthNational avg.Difference
Ground Beef $3.48$3.9812.6%
Fried Chicken $1.30$1.417.6%
Milk $2.38$2.0615.2%
Potatoes $3.60$2.9820.7%
Pizza $8.99$9.475.1%
Beer $9.49$8.797.9%

Health Care

ItemHutchinson Island SouthNational avg.Difference
Optometrist $114.75$101.0413.6%
Doctor $87.53$107.4418.5%
Dentist $94.78$90.424.8%
Ibuprofen $10.69$9.2815.2%
Lipitor $418.04$426.502.0%

Housing

ItemHutchinson Island SouthNational avg.Difference
Home Price $240,000.00$175,700.0036.6%
Avg. Mortgage Payment $907.44$1,133.2319.9%
Apartment Rent $1,226.00$920.0033.3%

Transportation

ItemHutchinson Island SouthNational avg.Difference
Gasoline $2.00$1.990.5%
Tire Balancing $43.32$45.765.3%

Utilities

ItemHutchinson Island SouthNational avg.Difference
All Electricity$208.89$163.8127.5%
Phone $36.82$28.3929.7%
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, FL25882-18%
Fort Pierce North, FL6,90187-13%
Fort Pierce South, FL4,88788-12%
River Park, FL5,35289-11%
Fort Pierce, FL42,74491-9%
Hutchinson Island South, FL4,87711313%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Windsor Heights, IA4,87794-6%
Montrose-Ghent, OH4,87612020%
Goodland, KS4,87980-20%
Rio Bravo, TX4,88068-32%
Zapata, TX4,87367-33%
Hutchinson Island South, FL4,87711313%
Source: The Hutchinson Island South, FL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.