Oakland Park 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.
IndexOakland ParkFloridaNational
Cost of living index100100100
IndexOakland ParkFloridaNational
Goods & Services index99101100
Groceries index102105100
Health care index9997100
Housing index9595100
Transportation index118105100
Utilities index97102100
Displayed above is a general overview of the Oakland Park, FL cost of living index. The overall cost of living index in Oakland Park, FL is 100, which is equal to the Florida average and equal to the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Oakland Park, FL are 2% lower than the Florida average and 1% lower than the national average.

Did you know?

  • The cost of living in Oakland Park is equal to the Florida average.
  • The cost of living in Oakland Park is equal to the national average.
  • The cost of housing in Oakland Park is 5% 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 Oakland Park, 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
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Using the salary calculator lets you compare the salary you earn in Oakland Park, 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 Oakland Park, FL, you have to earn a higher income in order to still have the same standard of living. To operate the Oakland Park, 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$54,218$4,518$1,265$1,627
Renters$33,112$2,759$773$993
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Oakland Park, 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 Oakland Park, FL homeowners, is $54,218. This would allow for a maximum of $1,265 per month to be spent on housing costs. For renters, the median monthly income is $33,112 which would result in a maximum of $773 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 Oakland Park, 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

ItemOakland ParkNational avg.Difference
Haircut $12.83$14.5912.1%
Beauty Salon $49.75$34.6843.5%
Toothpaste $2.91$2.4717.7%
Shampoo $1.03$1.020.8%
Movie $12.41$9.8725.8%
Bowling $4.53$4.393.1%

Groceries

ItemOakland ParkNational avg.Difference
Ground Beef $5.12$4.4814.4%
Fried Chicken $1.56$1.466.6%
Milk $2.82$2.3619.7%
Potatoes $3.32$3.068.4%
Pizza $8.99$9.242.7%
Beer $8.02$8.637.1%

Health Care

ItemOakland ParkNational avg.Difference
Optometrist $95.80$99.784.0%
Doctor $87.00$105.0317.2%
Dentist $87.40$88.701.5%
Ibuprofen $11.59$9.4123.1%
Lipitor $332.58$298.5011.4%

Housing

ItemOakland ParkNational avg.Difference
Home Price $150,600.00$175,700.0014.3%
Avg. Mortgage Payment $1,564.37$1,081.0344.7%
Apartment Rent $1,076.00$920.0017.0%

Transportation

ItemOakland ParkNational avg.Difference
Gasoline $2.35$2.0912.6%
Tire Balancing $59.59$45.2931.6%

Utilities

ItemOakland ParkNational avg.Difference
All Electricity$166.37$170.802.6%
Phone $27.52$28.262.6%
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.
Pembroke Park, FL6,22089-11%
Franklin Park, FL1,00090-10%
Lauderdale Lakes, FL33,71091-9%
Lauderhill, FL69,08293-7%
Watergate, FL3,14293-7%
Oakland Park, FL42,795100-0%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Everett, MA42,75813737%
Fort Pierce, FL42,74492-8%
Bell Gardens, CA42,71212121%
Danville, VA42,70490-10%
Danville, CA42,891204104%
Oakland Park, FL42,795100-0%
Source: The Oakland Park, FL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.