Indian Harbour 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.
IndexIndian Harbour BeachFloridaNational
Cost of living index112100100
IndexIndian Harbour BeachFloridaNational
Goods & Services index102101100
Groceries index113105100
Health care index9697100
Housing index12595100
Transportation index99105100
Utilities index124102100
An overview of the general cost of living index for Indian Harbour Beach, FL is displayed above for your reference. Residents in Indian Harbour Beach, FL enjoy a cost of living index of 112. This index is 12% higher than the Florida average, and 12% 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 Indian Harbour Beach, FL, the average cost of goods and services is 1% higher than it is in Florida, and it is 2% higher than the national average.

Did you know?

  • The cost of living in Indian Harbour Beach is 12% higher than the Florida average.
  • The cost of living in Indian Harbour Beach is 12% higher than the national average.
  • The cost of housing in Indian Harbour Beach is 25% 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 Indian Harbour Beach, FL Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
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Goods & Services index
Groceries index
Health care index
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Using the salary calculator lets you compare the salary you earn in Indian Harbour Beach, FL to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Indian Harbour Beach, FL, you have to earn a higher income in order to still have the same standard of living. To operate the Indian Harbour Beach, FL salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$64,357$5,363$1,502$1,931
Renters$39,602$3,300$924$1,188
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Indian Harbour Beach, FL as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Indian Harbour Beach, FL homeowners, is $64,357. This would allow for a maximum of $1,502 per month to be spent on housing costs. For renters, the median monthly income is $39,602 which would result in a maximum of $924 to be spent on rental costs.

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 Indian Harbour Beach, 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

ItemIndian Harbour BeachNational 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

ItemIndian Harbour BeachNational 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

ItemIndian Harbour BeachNational 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

ItemIndian Harbour BeachNational avg.Difference
Home Price $217,100.00$175,700.0023.6%
Avg. Mortgage Payment $973.83$1,081.039.9%
Apartment Rent $1,174.00$920.0027.6%

Transportation

ItemIndian Harbour BeachNational avg.Difference
Gasoline $2.15$2.092.9%
Tire Balancing $39.98$45.2911.7%

Utilities

ItemIndian Harbour BeachNational 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.
Cocoa West, FL4,80285-15%
Palm Bay, FL104,34296-4%
Melbourne, FL77,21696-4%
June Park, FL4,05998-2%
Rockledge, FL25,47795-5%
Indian Harbour Beach, FL8,25411212%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
South Lockport, NY8,25580-20%
Flushing, MI8,25287-13%
Wood-Ridge, NJ8,24915353%
Ashland, NJ8,26012626%
West Frankfort, IL8,24778-22%
Indian Harbour Beach, FL8,25411212%
Source: The Indian Harbour Beach, FL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.