Miramar Beach 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.
IndexMiramar BeachFloridaNational
Cost of living index11799100
IndexMiramar BeachFloridaNational
Goods & Services index10099100
Groceries index104102100
Health care index9497100
Housing index15995100
Transportation index100100100
Utilities index90103100
Here we can see a simple outline of the cost of living in Miramar Beach, FL. As you can see, with the average cost of living in Miramar Beach, FL being 117, that puts it 19% higher than the average of Florida and 17% higher 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 Miramar Beach, FL, the price of goods and services are 1% higher than the average of Florida as well as equal to the nation's average.

Did you know?

  • The cost of living in Miramar Beach is 19% higher than the Florida average.
  • The cost of living in Miramar Beach is 17% higher than the national average.
  • The cost of housing in Miramar Beach is 59% higher 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.

Find Real Estate Listings In Miramar Beach

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In Miramar Beach

Compare Miramar Beach, 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 Miramar Beach, 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 Miramar Beach, FL, you have to earn a higher income in order to still have the same standard of living. To operate the Miramar Beach, 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$68,348$5,696$1,595$2,051
Renters$34,434$2,870$803$1,033
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 Miramar Beach, 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. Miramar Beach, FL has a median income of about $68,348 for people who own homes. Based on that number, a person should spend a maximum of $1,595 on expenses related to housing. Renters have a slightly different median income, which is $34,434. Based on this average, renters should spend no more than $803 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%
When considering the overall cost of living expenses in Miramar Beach, FL, it's important to take into account the sales tax for Florida, as well as the rate for income tax in Florida. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for Florida is 7.5%, and the sales tax in the state of Florida is 6%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in Florida starts from 0% and goes up to 0%.

Goods & Services

ItemMiramar BeachNational avg.Difference
Haircut $13.93$15.5610.5%
Beauty Salon $35.38$36.112.0%
Toothpaste $2.73$2.4710.6%
Shampoo $1.01$0.964.6%
Movie $9.28$10.138.3%
Bowling $3.46$4.7426.9%

Groceries

ItemMiramar BeachNational avg.Difference
Ground Beef $4.01$3.980.6%
Fried Chicken $1.45$1.413.2%
Milk $2.55$2.0623.5%
Potatoes $3.31$2.9811.0%
Pizza $8.61$9.479.1%
Beer $9.43$8.797.3%

Health Care

ItemMiramar BeachNational avg.Difference
Optometrist $63.50$101.0437.2%
Doctor $93.26$107.4413.2%
Dentist $84.01$90.427.1%
Ibuprofen $11.48$9.2823.8%
Lipitor $434.87$426.502.0%

Housing

ItemMiramar BeachNational avg.Difference
Home Price $303,800.00$175,700.0072.9%
Avg. Mortgage Payment $776.87$1,133.2331.4%
Apartment Rent $1,171.00$920.0027.3%

Transportation

ItemMiramar BeachNational avg.Difference
Gasoline $2.00$1.990.5%
Tire Balancing $44.98$45.761.7%

Utilities

ItemMiramar BeachNational avg.Difference
All Electricity$178.70$163.819.1%
Phone $18.39$28.3935.2%
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.
Freeport, FL2,11995-5%
Eglin AFB, FL2,4171000%
Niceville, FL13,5621022%
Valparaiso, FL5,1091022%
Lake Lorraine, FL7,0111044%
Miramar Beach, FL6,83511717%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Carthage, TX6,83586-14%
Grandview Heights, OH6,8361077%
Morrow, GA6,83788-12%
Marion, SC6,83387-13%
Kaufman, TX6,83791-9%
Miramar Beach, FL6,83511717%
Source: The Miramar Beach, FL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.