Jasmine Estates 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.
IndexJasmine EstatesFloridaNational
Cost of living index85100100
IndexJasmine EstatesFloridaNational
Goods & Services index96101100
Groceries index99105100
Health care index9197100
Housing index5695100
Transportation index102105100
Utilities index103102100
A general summary of the cost of living index in Jasmine Estates, FL is shown above. Compared to the state average of Florida the cost of living index in Jasmine Estates, FL is 85, which is 14% lower than the average in Florida and compared to the national average it is 15% lower than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Jasmine Estates, FL goods and services come in at 5% lower than the average in Florida and are 4% lower than compared to the nationwide average.

Did you know?

  • The cost of living in Jasmine Estates is 14% lower than the Florida average.
  • The cost of living in Jasmine Estates is 15% lower than the national average.
  • The cost of housing in Jasmine Estates is 44% 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 Jasmine Estates

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In Jasmine Estates

Compare Jasmine Estates, 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 allows you to compare how much your current salary in Jasmine Estates, 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 Jasmine Estates, FL, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Jasmine Estates, 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$33,252$2,771$776$998
Renters$25,780$2,148$601$773
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Jasmine Estates, 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 Jasmine Estates, FL homeowners, is $33,252. This would allow for a maximum of $776 per month to be spent on housing costs. For renters, the median monthly income is $25,780 which would result in a maximum of $601 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%
When assessing the complete cost of living in Jasmine Estates, FL, the Florida income tax and the Florida sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Florida maximum surtax is 7.5%, and the Florida sales tax is 6%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 0% to 0% in Florida.

Goods & Services

ItemJasmine EstatesNational avg.Difference
Haircut $14.10$14.593.4%
Beauty Salon $32.10$34.687.4%
Toothpaste $2.28$2.477.8%
Shampoo $1.00$1.022.2%
Movie $9.61$9.872.6%
Bowling $5.22$4.3918.9%

Groceries

ItemJasmine EstatesNational avg.Difference
Ground Beef $4.61$4.483.0%
Fried Chicken $1.51$1.463.1%
Milk $2.70$2.3614.6%
Potatoes $3.47$3.0613.3%
Pizza $8.49$9.248.1%
Beer $8.67$8.630.4%

Health Care

ItemJasmine EstatesNational avg.Difference
Optometrist $91.30$99.788.5%
Doctor $85.80$105.0318.3%
Dentist $75.44$88.7015.0%
Ibuprofen $9.44$9.410.3%
Lipitor $324.53$298.508.7%

Housing

ItemJasmine EstatesNational avg.Difference
Home Price $68,400.00$175,700.0061.1%
Avg. Mortgage Payment $774.61$1,081.0328.3%
Apartment Rent $891.00$920.003.2%

Transportation

ItemJasmine EstatesNational avg.Difference
Gasoline $2.08$2.090.3%
Tire Balancing $48.65$45.297.4%

Utilities

ItemJasmine EstatesNational avg.Difference
All Electricity$160.88$170.805.8%
Phone $32.47$28.2614.9%
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.
Moon Lake, FL4,80282-18%
Masaryktown, FL1,12584-16%
New Port Richey, FL15,06384-16%
Bayonet Point, FL24,41285-15%
Holiday, FL21,04986-14%
Jasmine Estates, FL18,47085-15%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Deerfield, IL18,47615050%
Horizon City, TX18,47790-10%
Natchitoches, LA18,46095-5%
Point Pleasant, NJ18,48113333%
Bensenville, IL18,4571099%
Jasmine Estates, FL18,47085-15%
Source: The Jasmine Estates, FL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.