Nassau Village-Ratliff 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.
IndexNassau Village-RatliffFloridaNational
Cost of living index95100100
IndexNassau Village-RatliffFloridaNational
Goods & Services index104101100
Groceries index102105100
Health care index9097100
Housing index7695100
Transportation index104105100
Utilities index106102100
Here we can see a simple outline of the cost of living in Nassau Village-Ratliff, FL. As you can see, with the average cost of living in Nassau Village-Ratliff, FL being 95, that puts it 5% lower than the average of Florida and 5% 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 Nassau Village-Ratliff, FL, the price of goods and services are 3% higher than the average of Florida as well as 4% higher than the nation's average.

Did you know?

  • The cost of living in Nassau Village-Ratliff is 5% lower than the Florida average.
  • The cost of living in Nassau Village-Ratliff is 5% lower than the national average.
  • The cost of housing in Nassau Village-Ratliff is 24% 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 Nassau Village-Ratliff, FL Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
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Goods & Services index
Groceries index
Health care index
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Utilities index
Using the salary calculator lets you compare the salary you earn in Nassau Village-Ratliff, 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 Nassau Village-Ratliff, FL, you have to earn a higher income in order to still have the same standard of living. To operate the Nassau Village-Ratliff, 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$60,042$5,004$1,401$1,801
Renters$36,630$3,053$855$1,099
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Nassau Village-Ratliff, 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 Nassau Village-Ratliff, FL homeowners, is $60,042. This would allow for a maximum of $1,401 per month to be spent on housing costs. For renters, the median monthly income is $36,630 which would result in a maximum of $855 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%
One thing to keep in mind when considering the cost of living in Nassau Village-Ratliff, FL is the Florida sales tax and Florida income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The Florida sales tax rate is 6% and the maximum surtax that can be charged is 7.5%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The Florida income tax rates range from 0% to 0%.

Goods & Services

ItemNassau Village-RatliffNational avg.Difference
Haircut $13.80$14.595.4%
Beauty Salon $55.40$34.6859.7%
Toothpaste $2.94$2.4718.9%
Shampoo $0.95$1.027.0%
Movie $10.86$9.8710.1%
Bowling $4.89$4.3911.3%

Groceries

ItemNassau Village-RatliffNational avg.Difference
Ground Beef $4.60$4.482.8%
Fried Chicken $1.58$1.467.9%
Milk $2.66$2.3612.9%
Potatoes $3.99$3.0630.3%
Pizza $8.49$9.248.1%
Beer $8.81$8.632.1%

Health Care

ItemNassau Village-RatliffNational avg.Difference
Optometrist $80.80$99.7819.0%
Doctor $73.00$105.0330.5%
Dentist $88.60$88.700.1%
Ibuprofen $9.15$9.412.8%
Lipitor $289.99$298.502.9%

Housing

ItemNassau Village-RatliffNational avg.Difference
Home Price $105,200.00$175,700.0040.1%
Avg. Mortgage Payment $878.25$1,081.0318.8%
Apartment Rent $1,053.00$920.0014.5%

Transportation

ItemNassau Village-RatliffNational avg.Difference
Gasoline $2.13$2.091.6%
Tire Balancing $50.33$45.2911.1%

Utilities

ItemNassau Village-RatliffNational avg.Difference
All Electricity$169.75$170.800.6%
Phone $32.76$28.2615.9%
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.
Baldwin, FL1,82290-10%
Hilliard, FL3,11294-6%
Callahan, FL1,18796-4%
Jacksonville, FL837,53398-2%
Yulee, FL11,6091011%
Nassau Village-Ratliff, FL5,50695-5%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Holdrege, NE5,50685-15%
Rockdale, TX5,50679-21%
Belvedere, SC5,50484-16%
Hamlin, NY5,50897-3%
Old Bethpage, NY5,50115151%
Nassau Village-Ratliff, FL5,50695-5%
Source: The Nassau Village-Ratliff, FL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.