North River Shores 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.
IndexNorth River ShoresFloridaNational
Cost of living index10799100
IndexNorth River ShoresFloridaNational
Goods & Services index9999100
Groceries index103102100
Health care index9997100
Housing index11495100
Transportation index99100100
Utilities index128103100
A general summary of the cost of living index in North River Shores, FL is shown above. Compared to the state average of Florida the cost of living index in North River Shores, FL is 107, which is 8% higher than the average in Florida and compared to the national average it is 7% higher 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 North River Shores, FL goods and services come in at 1% lower than the average in Florida and are 1% lower than compared to the nationwide average.

Did you know?

  • The cost of living in North River Shores is 8% higher than the Florida average.
  • The cost of living in North River Shores is 7% higher than the national average.
  • The cost of housing in North River Shores is 14% 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.

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Compare North River Shores, FL Cost of living To Other Cities

Salary Calculator

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The salary calculator is used in order to provide a comparison of your current salary in North River Shores, 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 North River Shores, FL, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the North River Shores, 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$57,793$4,816$1,348$1,734
Renters$24,274$2,023$566$728
One can approximate the cost of living and the housing affordability in North River Shores, FL by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in North River Shores, FL have a median income of $57,793. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,348 per month to avoid calamity and poverty. The renters in the city have an income of about $24,274, which would make their monthly maximum allowable rental costs $566.

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 North River Shores, 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

ItemNorth River ShoresNational avg.Difference
Haircut $14.67$15.565.7%
Beauty Salon $43.89$36.1121.5%
Toothpaste $2.86$2.4715.7%
Shampoo $0.97$0.960.9%
Movie $6.21$10.1338.6%
Bowling $4.42$4.746.7%

Groceries

ItemNorth River ShoresNational avg.Difference
Ground Beef $3.48$3.9812.6%
Fried Chicken $1.30$1.417.6%
Milk $2.38$2.0615.2%
Potatoes $3.60$2.9820.7%
Pizza $8.99$9.475.1%
Beer $9.49$8.797.9%

Health Care

ItemNorth River ShoresNational avg.Difference
Optometrist $114.75$101.0413.6%
Doctor $87.53$107.4418.5%
Dentist $94.78$90.424.8%
Ibuprofen $10.69$9.2815.2%
Lipitor $418.04$426.502.0%

Housing

ItemNorth River ShoresNational avg.Difference
Home Price $214,600.00$175,700.0022.1%
Avg. Mortgage Payment $907.44$1,133.2319.9%
Apartment Rent $870.00$920.005.4%

Transportation

ItemNorth River ShoresNational avg.Difference
Gasoline $2.00$1.990.5%
Tire Balancing $43.32$45.765.3%

Utilities

ItemNorth River ShoresNational avg.Difference
All Electricity$208.89$163.8127.5%
Phone $36.82$28.3929.7%
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.
Ocean Breeze Park, FL25882-18%
Fort Pierce South, FL4,88788-12%
River Park, FL5,35289-11%
Fort Pierce, FL42,74491-9%
Indiantown, FL5,98191-9%
North River Shores, FL3,8241077%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Melody Hill, IN3,82496-4%
West End-Cobb Town, AL3,82178-22%
Shrewsbury, PA3,8271000%
Bagdad, FL3,82789-11%
Hardwick, GA3,82879-21%
North River Shores, FL3,8241077%
Source: The North River Shores, FL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.