Live Oak 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.
IndexLive OakFloridaNational
Cost of living index81100100
IndexLive OakFloridaNational
Goods & Services index86101100
Groceries index107105100
Health care index9797100
Housing index4995100
Transportation index97105100
Utilities index100102100
A general summary of the cost of living index in Live Oak, FL is shown above. Compared to the state average of Florida the cost of living index in Live Oak, FL is 81, which is 19% lower than the average in Florida and compared to the national average it is 19% 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 Live Oak, FL goods and services come in at 14% lower than the average in Florida and are 14% lower than compared to the nationwide average.

Did you know?

  • The cost of living in Live Oak is 19% lower than the Florida average.
  • The cost of living in Live Oak is 19% lower than the national average.
  • The cost of housing in Live Oak is 51% 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 Live Oak, 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
Using the salary calculator lets you compare the salary you earn in Live Oak, 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 Live Oak, FL, you have to earn a higher income in order to still have the same standard of living. To operate the Live Oak, 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$38,490$3,208$898$1,155
Renters$20,998$1,750$490$630
A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Live Oak, FL, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Live Oak, FL has a median income of about $38,490 for people who own homes. Based on that number, a person should spend a maximum of $898 on expenses related to housing. Renters have a slightly different median income, which is $20,998. Based on this average, renters should spend no more than $490 on all of their rental costs if they want to maintain a non-impoverished standard of living.

Florida Sales Tax

StateGeneral Sales TaxWith Max Surtax
Florida6%7.5%

Florida Income Tax

StateIncome Tax (Low)Income Tax (High)
Florida0%0%
The Florida sales tax and Florida income tax rates should definitely be considered when determining the overall cost of living in Live Oak, FL. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The Florida sales tax is 6% and the maximum surtax is 7.5%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The Florida income tax rates range from 0% to 0%.

Goods & Services

ItemLive OakNational avg.Difference
Haircut $13.50$14.597.5%
Beauty Salon $32.67$34.685.8%
Toothpaste $2.38$2.473.8%
Shampoo $1.01$1.021.2%
Movie $10.50$9.876.4%
Bowling $4.25$4.393.2%

Groceries

ItemLive OakNational avg.Difference
Ground Beef $4.82$4.487.7%
Fried Chicken $1.43$1.462.3%
Milk $2.74$2.3616.3%
Potatoes $3.85$3.0625.8%
Pizza $8.55$9.247.5%
Beer $8.85$8.632.5%

Health Care

ItemLive OakNational avg.Difference
Optometrist $95.00$99.784.8%
Doctor $96.67$105.038.0%
Dentist $77.00$88.7013.2%
Ibuprofen $10.15$9.417.8%
Lipitor $336.57$298.5012.8%

Housing

ItemLive OakNational avg.Difference
Home Price $68,900.00$175,700.0060.8%
Avg. Mortgage Payment $909.71$1,081.0315.8%
Apartment Rent $671.00$920.0027.1%

Transportation

ItemLive OakNational avg.Difference
Gasoline $2.01$2.094.0%
Tire Balancing $45.00$45.290.6%

Utilities

ItemLive OakNational avg.Difference
All Electricity$157.73$170.807.6%
Phone $30.96$28.269.6%
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.
White Springs, FL96081-19%
Live Oak, FL6,92781-19%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Myers Corner, NY6,92714040%
Mount Ivy, NY6,92612828%
South Monrovia Island, CA6,92912828%
Black Jack, MO6,92493-7%
Clinton, IL6,93182-18%
Live Oak, FL6,92781-19%
Source: The Live Oak, FL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.