Myrtle Grove 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.
IndexMyrtle GroveFloridaNational
Cost of living index9199100
IndexMyrtle GroveFloridaNational
Goods & Services index10099100
Groceries index104102100
Health care index9497100
Housing index7095100
Transportation index100100100
Utilities index90103100
A general summary of the cost of living index in Myrtle Grove, FL is shown above. Compared to the state average of Florida the cost of living index in Myrtle Grove, FL is 91, which is 8% lower than the average in Florida and compared to the national average it is 9% lower than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Myrtle Grove, FL goods and services come in at 1% higher than the average in Florida and are equal to compared to the nationwide average.

Did you know?

  • The cost of living in Myrtle Grove is 8% lower than the Florida average.
  • The cost of living in Myrtle Grove is 9% lower than the national average.
  • The cost of housing in Myrtle Grove is 30% 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 Myrtle Grove, FL Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
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Health care index
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The salary calculator is meant to help you compare your salary in Myrtle Grove, FL to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Myrtle Grove, FL, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Myrtle Grove, FL salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$51,163$4,264$1,194$1,535
Renters$30,173$2,514$704$905
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Myrtle Grove, 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 Myrtle Grove, FL homeowners, is $51,163. This would allow for a maximum of $1,194 per month to be spent on housing costs. For renters, the median monthly income is $30,173 which would result in a maximum of $704 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 Myrtle Grove, 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

ItemMyrtle GroveNational 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

ItemMyrtle GroveNational 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

ItemMyrtle GroveNational 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

ItemMyrtle GroveNational avg.Difference
Home Price $102,300.00$175,700.0041.8%
Avg. Mortgage Payment $776.87$1,133.2331.4%
Apartment Rent $907.00$920.001.4%

Transportation

ItemMyrtle GroveNational avg.Difference
Gasoline $2.00$1.990.5%
Tire Balancing $44.98$45.761.7%

Utilities

ItemMyrtle GroveNational 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.
Dickerson City, FL7999-1%
Mulat, FL26399-1%
Goulding, FL4,53984-16%
West Pensacola, FL19,57185-15%
Warrington, FL13,42888-12%
Myrtle Grove, FL17,47591-9%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Wahiawa, HI17,47316868%
Sycamore, IL17,47396-4%
Seminole, FL17,47796-4%
Scarsdale, NY17,471284184%
Greenfield Town, MA17,4841066%
Myrtle Grove, FL17,47591-9%
Source: The Myrtle Grove, FL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.