Lower Grand Lagoon 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.
IndexLower Grand LagoonFloridaNational
Cost of living index9399100
IndexLower Grand LagoonFloridaNational
Goods & Services index9099100
Groceries index98102100
Health care index8497100
Housing index10095100
Transportation index90100100
Utilities index89103100
The above illustration supplies generalized information for the Lower Grand Lagoon, FL cost of living index. Compared to other cities in Florida and cities across the country, the cost of living index in Lower Grand Lagoon, FL is 93, which is 5% lower than the Florida average and 7% 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 Lower Grand Lagoon, FL are 10% lower than the average for Florida and 10% lower than the rest of the country.

Did you know?

  • The cost of living in Lower Grand Lagoon is 5% lower than the Florida average.
  • The cost of living in Lower Grand Lagoon is 7% lower than the national average.
  • The cost of housing in Lower Grand Lagoon is equal to 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 Lower Grand Lagoon, FL Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current salary in Lower Grand Lagoon, FL to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Lower Grand Lagoon, FL, then you would need to earn more income in order to maintain the same standard of living. To use the Lower Grand Lagoon, FL salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$59,130$4,928$1,380$1,774
Renters$35,494$2,958$828$1,065
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Lower Grand Lagoon, FL, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Lower Grand Lagoon, FL homeowners have a median income of $59,130. Using that number, you will come up with a maximum of $1,380 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $35,494, which means there is a maximum of $828 to be spent on the costs of renting a home or apartment.

Florida Sales Tax

StateGeneral Sales TaxWith Max Surtax
Florida6%7.5%

Florida Income Tax

StateIncome Tax (Low)Income Tax (High)
Florida0%0%
When you are determining the total cost of living in Lower Grand Lagoon, FL you will want to make sure you consider both the Florida sales tax and the Florida income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Florida is 6%, with the highest surtax being 7.5%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Florida have a range from 0% to 0%.

Goods & Services

ItemLower Grand LagoonNational avg.Difference
Haircut $12.37$15.5620.5%
Beauty Salon $19.65$36.1145.6%
Toothpaste $2.30$2.476.9%
Shampoo $0.86$0.9610.9%
Movie $10.29$10.131.6%
Bowling $3.53$4.7425.4%

Groceries

ItemLower Grand LagoonNational avg.Difference
Ground Beef $4.06$3.981.9%
Fried Chicken $1.26$1.4110.4%
Milk $2.21$2.067.1%
Potatoes $3.01$2.981.0%
Pizza $10.13$9.476.9%
Beer $8.33$8.795.3%

Health Care

ItemLower Grand LagoonNational avg.Difference
Optometrist $73.58$101.0427.2%
Doctor $78.82$107.4426.6%
Dentist $68.54$90.4224.2%
Ibuprofen $10.14$9.289.3%
Lipitor $447.61$426.505.0%

Housing

ItemLower Grand LagoonNational avg.Difference
Home Price $177,500.00$175,700.001.0%
Avg. Mortgage Payment $904.45$1,133.2320.2%
Apartment Rent $889.00$920.003.4%

Transportation

ItemLower Grand LagoonNational avg.Difference
Gasoline $1.82$1.998.7%
Tire Balancing $40.06$45.7612.5%

Utilities

ItemLower Grand LagoonNational avg.Difference
All Electricity$145.80$163.8111.0%
Phone $25.60$28.399.8%
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.
Cedar Grove, FL3,25782-18%
Springfield, FL9,09584-16%
Parker, FL4,41985-15%
Panama City, FL36,40588-12%
Callaway, FL14,61789-11%
Lower Grand Lagoon, FL4,18193-7%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Dillon, MT4,18192-8%
Port LaBelle, FL4,18287-13%
Blanchester, OH4,18285-15%
Caldwell, TX4,17980-20%
Forty Fort, PA4,18496-4%
Lower Grand Lagoon, FL4,18193-7%
Source: The Lower Grand Lagoon, FL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.