Meadow Woods 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.
IndexMeadow WoodsFloridaNational
Cost of living index99100100
IndexMeadow WoodsFloridaNational
Goods & Services index98101100
Groceries index107105100
Health care index9697100
Housing index9995100
Transportation index103105100
Utilities index91102100
Here we can see a simple outline of the cost of living in Meadow Woods, FL. As you can see, with the average cost of living in Meadow Woods, FL being 99, that puts it 1% lower than the average of Florida and 1% lower than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Meadow Woods, FL, the price of goods and services are 3% lower than the average of Florida as well as 2% lower than the nation's average.

Did you know?

  • The cost of living in Meadow Woods is 1% lower than the Florida average.
  • The cost of living in Meadow Woods is 1% lower than the national average.
  • The cost of housing in Meadow Woods is 1% 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 Meadow Woods, 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 is used in order to provide a comparison of your current salary in Meadow Woods, FL to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Meadow Woods, FL, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Meadow Woods, FL salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$52,448$4,371$1,224$1,574
Renters$36,055$3,005$841$1,082
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Meadow Woods, 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 Meadow Woods, FL homeowners, is $52,448. This would allow for a maximum of $1,224 per month to be spent on housing costs. For renters, the median monthly income is $36,055 which would result in a maximum of $841 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%
The Florida sales tax and Florida income tax rates should definitely be considered when determining the overall cost of living in Meadow Woods, 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

ItemMeadow WoodsNational avg.Difference
Haircut $13.83$14.595.2%
Beauty Salon $41.14$34.6818.6%
Toothpaste $3.11$2.4725.7%
Shampoo $0.94$1.028.0%
Movie $10.40$9.875.4%
Bowling $4.78$4.398.8%

Groceries

ItemMeadow WoodsNational avg.Difference
Ground Beef $4.76$4.486.3%
Fried Chicken $1.49$1.461.8%
Milk $2.76$2.3617.1%
Potatoes $3.61$3.0617.9%
Pizza $10.11$9.249.4%
Beer $8.51$8.631.4%

Health Care

ItemMeadow WoodsNational avg.Difference
Optometrist $65.50$99.7834.4%
Doctor $88.80$105.0315.5%
Dentist $88.80$88.700.1%
Ibuprofen $9.98$9.416.0%
Lipitor $314.74$298.505.4%

Housing

ItemMeadow WoodsNational avg.Difference
Home Price $145,000.00$175,700.0017.5%
Avg. Mortgage Payment $1,021.34$1,081.035.5%
Apartment Rent $1,269.00$920.0037.9%

Transportation

ItemMeadow WoodsNational avg.Difference
Gasoline $2.14$2.092.5%
Tire Balancing $47.37$45.294.6%

Utilities

ItemMeadow WoodsNational avg.Difference
All Electricity$178.86$170.804.7%
Phone $20.01$28.2629.2%
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.
Lake Buena Vista, FL980-20%
Bay Lake, FL1481-19%
Campbell, FL2,70585-15%
Taft, FL2,14687-13%
Oak Ridge, FL22,31389-11%
Meadow Woods, FL27,30199-1%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Lindenhurst, NY27,30314141%
Deer Park, NY27,29014242%
Bella Vista, AR27,27393-7%
Kahului, HI27,33917070%
Holly Springs, NC27,33911010%
Meadow Woods, FL27,30199-1%
Source: The Meadow Woods, FL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.