Indian Rocks 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 Rocks BeachFloridaNational
Cost of living index12699100
IndexIndian Rocks BeachFloridaNational
Goods & Services index9299100
Groceries index98102100
Health care index9697100
Housing index19395100
Transportation index100100100
Utilities index114103100
A general overview of the cost of living index for Indian Rocks Beach, FL is displayed above. In Indian Rocks Beach, FL, the overall cost of living index is 126, which is 28% higher than the Florida average and 26% higher than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Indian Rocks Beach, FL, the city's goods and services are 7% lower than the Florida average and 8% lower than the U.S. average.

Did you know?

  • The cost of living in Indian Rocks Beach is 28% higher than the Florida average.
  • The cost of living in Indian Rocks Beach is 26% higher than the national average.
  • The cost of housing in Indian Rocks Beach is 93% 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 Rocks Beach, FL Cost of living To Other Cities

Salary Calculator

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The salary calculator allows you to compare how much your current salary in Indian Rocks Beach, FL would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Indian Rocks Beach, FL, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Indian Rocks Beach, FL salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$89,556$7,463$2,090$2,687
Renters$47,637$3,970$1,111$1,429
The affordability of the housing market in Indian Rocks Beach, FL as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Indian Rocks Beach, FL homeowners, the median income is $89,556. This indicates that a monthly maximum of $2,090 should be spent by homeowners on all housing related costs. Renters have a median income of $47,637. This indicates that renters should have a maximum of $1,111 used for their rent related monthly costs.

Florida Sales Tax

StateGeneral Sales TaxWith Max Surtax
Florida6%7.5%

Florida Income Tax

StateIncome Tax (Low)Income Tax (High)
Florida0%0%
For those who live in Indian Rocks Beach, FL and want to know what the true cost of living is, they ought to look at both the Florida income tax rate and the Florida sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In Florida, the sales tax is 6%, while the most you'll pay in surtax is 7.5%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in Florida, the income tax rate ranges between 0% to 0%.

Goods & Services

ItemIndian Rocks BeachNational avg.Difference
Haircut $13.63$15.5612.4%
Beauty Salon $34.41$36.114.7%
Toothpaste $2.30$2.477.1%
Shampoo $0.89$0.967.8%
Movie $10.04$10.130.9%
Bowling $5.29$4.7411.6%

Groceries

ItemIndian Rocks BeachNational avg.Difference
Ground Beef $4.13$3.983.6%
Fried Chicken $1.38$1.411.9%
Milk $2.39$2.0616.0%
Potatoes $3.27$2.989.7%
Pizza $8.61$9.479.1%
Beer $9.36$8.796.4%

Health Care

ItemIndian Rocks BeachNational avg.Difference
Optometrist $99.69$101.041.3%
Doctor $94.39$107.4412.1%
Dentist $87.08$90.423.7%
Ibuprofen $9.49$9.282.2%
Lipitor $425.69$426.500.2%

Housing

ItemIndian Rocks BeachNational avg.Difference
Home Price $385,100.00$175,700.00119.2%
Avg. Mortgage Payment $759.70$1,133.2333.0%
Apartment Rent $1,203.00$920.0030.8%

Transportation

ItemIndian Rocks BeachNational avg.Difference
Gasoline $1.96$1.991.4%
Tire Balancing $46.52$45.761.7%

Utilities

ItemIndian Rocks BeachNational avg.Difference
All Electricity$155.82$163.814.9%
Phone $39.95$28.3940.7%
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.
Lealman, FL20,74084-16%
West Lealman, FL15,25786-14%
South Highpoint, FL4,94288-12%
Largo, FL78,39188-12%
Kenneth City, FL4,98689-11%
Indian Rocks Beach, FL4,15312626%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Stock Island, FL4,15311313%
Ford City, CA4,15498-2%
French Camp, CA4,155100-0%
China Grove, NC4,15584-16%
Bluffton, OH4,15790-10%
Indian Rocks Beach, FL4,15312626%
Source: The Indian Rocks 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.