Mount Plymouth 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.
IndexMount PlymouthFloridaNational
Cost of living index96100100
IndexMount PlymouthFloridaNational
Goods & Services index98101100
Groceries index107105100
Health care index9697100
Housing index8795100
Transportation index103105100
Utilities index91102100
The above illustration supplies generalized information for the Mount Plymouth, FL cost of living index. Compared to other cities in Florida and cities across the country, the cost of living index in Mount Plymouth, FL is 96, which is 4% lower than the Florida average and 4% 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 Mount Plymouth, FL are 3% lower than the average for Florida and 2% lower than the rest of the country.

Did you know?

  • The cost of living in Mount Plymouth is 4% lower than the Florida average.
  • The cost of living in Mount Plymouth is 4% lower than the national average.
  • The cost of housing in Mount Plymouth is 13% 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 Mount Plymouth, FL Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
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The salary calculator is used in order to provide a comparison of your current salary in Mount Plymouth, 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 Mount Plymouth, FL, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Mount Plymouth, 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$75,648$6,304$1,765$2,270
Renters$57,667$4,806$1,345$1,730
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Mount Plymouth, 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 Mount Plymouth, FL homeowners, is $75,648. This would allow for a maximum of $1,765 per month to be spent on housing costs. For renters, the median monthly income is $57,667 which would result in a maximum of $1,345 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%
When you are determining the total cost of living in Mount Plymouth, 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

ItemMount PlymouthNational 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

ItemMount PlymouthNational 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

ItemMount PlymouthNational 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

ItemMount PlymouthNational avg.Difference
Home Price $134,000.00$175,700.0023.7%
Avg. Mortgage Payment $1,021.34$1,081.035.5%
Apartment Rent $1,046.00$920.0013.7%

Transportation

ItemMount PlymouthNational avg.Difference
Gasoline $2.14$2.092.5%
Tire Balancing $47.37$45.294.6%

Utilities

ItemMount PlymouthNational 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.
Lisbon, FL10872-28%
Lake Kathryn, FL98583-17%
Lake Mack-Forest Hills, FL72784-16%
Ferndale, FL27784-16%
Pine Lakes, FL55285-15%
Mount Plymouth, FL4,99196-4%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Alva, OK4,99084-16%
Normandy, MO4,99085-15%
South Pasadena, FL4,993100-0%
Schlusser, PA4,9881011%
Franklin, NJ4,99411313%
Mount Plymouth, FL4,99196-4%
Source: The Mount Plymouth, FL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.