Lantana 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.
IndexLantanaFloridaNational
Cost of living index95100100
IndexLantanaFloridaNational
Goods & Services index99101100
Groceries index102105100
Health care index9997100
Housing index7795100
Transportation index118105100
Utilities index97102100
The above illustration supplies generalized information for the Lantana, FL cost of living index. Compared to other cities in Florida and cities across the country, the cost of living index in Lantana, FL is 95, which is 5% lower than the Florida average and 6% lower 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 Lantana, FL are 2% lower than the average for Florida and 1% lower than the rest of the country.

Did you know?

  • The cost of living in Lantana is 5% lower than the Florida average.
  • The cost of living in Lantana is 6% lower than the national average.
  • The cost of housing in Lantana is 23% 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.

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Compare Lantana, FL Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
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Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
Using the salary calculator lets you compare the salary you earn in Lantana, 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 Lantana, FL, you have to earn a higher income in order to still have the same standard of living. To operate the Lantana, 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$60,434$5,036$1,410$1,813
Renters$33,137$2,761$773$994
One can approximate the cost of living and the housing affordability in Lantana, FL by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Lantana, FL have a median income of $60,434. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,410 per month to avoid calamity and poverty. The renters in the city have an income of about $33,137, which would make their monthly maximum allowable rental costs $773.

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 Lantana, 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

ItemLantanaNational avg.Difference
Haircut $12.83$14.5912.1%
Beauty Salon $49.75$34.6843.5%
Toothpaste $2.91$2.4717.7%
Shampoo $1.03$1.020.8%
Movie $12.41$9.8725.8%
Bowling $4.53$4.393.1%

Groceries

ItemLantanaNational avg.Difference
Ground Beef $5.12$4.4814.4%
Fried Chicken $1.56$1.466.6%
Milk $2.82$2.3619.7%
Potatoes $3.32$3.068.4%
Pizza $8.99$9.242.7%
Beer $8.02$8.637.1%

Health Care

ItemLantanaNational avg.Difference
Optometrist $95.80$99.784.0%
Doctor $87.00$105.0317.2%
Dentist $87.40$88.701.5%
Ibuprofen $11.59$9.4123.1%
Lipitor $332.58$298.5011.4%

Housing

ItemLantanaNational avg.Difference
Home Price $116,300.00$175,700.0033.8%
Avg. Mortgage Payment $1,564.37$1,081.0344.7%
Apartment Rent $954.00$920.003.7%

Transportation

ItemLantanaNational avg.Difference
Gasoline $2.35$2.0912.6%
Tire Balancing $59.59$45.2931.6%

Utilities

ItemLantanaNational avg.Difference
All Electricity$166.37$170.802.6%
Phone $27.52$28.262.6%
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.
Schall Circle, FL1,12988-12%
Plantation Mobile Home Park, FL1,03188-12%
San Castle, FL4,51388-12%
Gun Club Estates, FL93690-10%
Seminole Manor, FL2,46490-10%
Lantana, FL10,82295-6%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Bellefontaine Neighbors, MO10,82389-11%
Mitchellville, MD10,81913232%
Sonoma, CA10,81816262%
Worth, IL10,8271033%
Rossmoor, CA10,81619898%
Lantana, FL10,82295-6%
Source: The Lantana, FL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.