Milton 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.
IndexMiltonFloridaNational
Cost of living index90100100
IndexMiltonFloridaNational
Goods & Services index96101100
Groceries index103105100
Health care index8897100
Housing index7195100
Transportation index96105100
Utilities index107102100
Displayed above is a general overview of the Milton, FL cost of living index. The overall cost of living index in Milton, FL is 90, which is 10% lower than the Florida average and 10% lower than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Milton, FL are 5% lower than the Florida average and 5% lower than the national average.

Did you know?

  • The cost of living in Milton is 10% lower than the Florida average.
  • The cost of living in Milton is 10% lower than the national average.
  • The cost of housing in Milton is 29% 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 Milton, FL Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current salary in Milton, 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 Milton, FL, then you would need to earn more income in order to maintain the same standard of living. To use the Milton, 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$48,977$4,081$1,143$1,469
Renters$29,371$2,448$685$881
The affordability of the housing market in Milton, FL as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Milton, FL homeowners, the median income is $48,977. This indicates that a monthly maximum of $1,143 should be spent by homeowners on all housing related costs. Renters have a median income of $29,371. This indicates that renters should have a maximum of $685 used for their rent related monthly costs.

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 Milton, 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

ItemMiltonNational avg.Difference
Haircut $13.38$14.598.3%
Beauty Salon $33.88$34.682.3%
Toothpaste $3.04$2.4722.9%
Shampoo $1.04$1.021.8%
Movie $9.75$9.871.2%
Bowling $4.02$4.398.5%

Groceries

ItemMiltonNational avg.Difference
Ground Beef $3.83$4.4814.4%
Fried Chicken $1.47$1.460.4%
Milk $2.61$2.3610.7%
Potatoes $3.72$3.0621.5%
Pizza $8.00$9.2413.4%
Beer $8.82$8.632.2%

Health Care

ItemMiltonNational avg.Difference
Optometrist $94.50$99.785.3%
Doctor $78.60$105.0325.2%
Dentist $79.40$88.7010.5%
Ibuprofen $9.84$9.414.5%
Lipitor $273.56$298.508.4%

Housing

ItemMiltonNational avg.Difference
Home Price $101,400.00$175,700.0042.3%
Avg. Mortgage Payment $832.83$1,081.0323.0%
Apartment Rent $935.00$920.001.6%

Transportation

ItemMiltonNational avg.Difference
Gasoline $1.92$2.098.2%
Tire Balancing $47.96$45.295.9%

Utilities

ItemMiltonNational avg.Difference
All Electricity$188.02$170.8010.1%
Phone $29.01$28.262.7%
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.
Dickerson City, FL7998-2%
Mulat, FL26398-2%
Goulding, FL4,53983-17%
West Pensacola, FL19,57184-16%
Brent, FL22,17587-13%
Milton, FL9,14990-10%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Shelby, OH9,14980-20%
The Village, OK9,14786-14%
Covington, LA9,1511011%
Louisville, OH9,15192-8%
Linganore, MD9,15412424%
Milton, FL9,14990-10%
Source: The Milton, FL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.