Palm Harbor 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.
IndexPalm HarborFloridaNational
Cost of living index99100100
IndexPalm HarborFloridaNational
Goods & Services index96101100
Groceries index99105100
Health care index9197100
Housing index10195100
Transportation index102105100
Utilities index103102100
A general summary of the cost of living index in Palm Harbor, FL is shown above. Compared to the state average of Florida the cost of living index in Palm Harbor, FL is 99, which is 1% lower than the average in Florida and compared to the national average it is 1% 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 Palm Harbor, FL goods and services come in at 5% lower than the average in Florida and are 4% lower than compared to the nationwide average.

Did you know?

  • The cost of living in Palm Harbor is 1% lower than the Florida average.
  • The cost of living in Palm Harbor is 1% lower than the national average.
  • The cost of housing in Palm Harbor is 1% 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 Palm Harbor, FL Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
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Cost of living index
Goods & Services index
Groceries index
Health care index
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Utilities index
The salary calculator is used in order to provide a comparison of your current salary in Palm Harbor, 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 Palm Harbor, FL, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Palm Harbor, 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$59,842$4,987$1,396$1,795
Renters$36,395$3,033$849$1,092
One can approximate the cost of living and the housing affordability in Palm Harbor, 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 Palm Harbor, FL have a median income of $59,842. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,396 per month to avoid calamity and poverty. The renters in the city have an income of about $36,395, which would make their monthly maximum allowable rental costs $849.

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 Palm Harbor, 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

ItemPalm HarborNational avg.Difference
Haircut $14.10$14.593.4%
Beauty Salon $32.10$34.687.4%
Toothpaste $2.28$2.477.8%
Shampoo $1.00$1.022.2%
Movie $9.61$9.872.6%
Bowling $5.22$4.3918.9%

Groceries

ItemPalm HarborNational avg.Difference
Ground Beef $4.61$4.483.0%
Fried Chicken $1.51$1.463.1%
Milk $2.70$2.3614.6%
Potatoes $3.47$3.0613.3%
Pizza $8.49$9.248.1%
Beer $8.67$8.630.4%

Health Care

ItemPalm HarborNational avg.Difference
Optometrist $91.30$99.788.5%
Doctor $85.80$105.0318.3%
Dentist $75.44$88.7015.0%
Ibuprofen $9.44$9.410.3%
Lipitor $324.53$298.508.7%

Housing

ItemPalm HarborNational avg.Difference
Home Price $165,800.00$175,700.005.6%
Avg. Mortgage Payment $774.61$1,081.0328.3%
Apartment Rent $1,077.00$920.0017.1%

Transportation

ItemPalm HarborNational avg.Difference
Gasoline $2.08$2.090.3%
Tire Balancing $48.65$45.297.4%

Utilities

ItemPalm HarborNational avg.Difference
All Electricity$160.88$170.805.8%
Phone $32.47$28.2614.9%
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.
Moon Lake, FL4,80282-18%
New Port Richey, FL15,06384-16%
Jasmine Estates, FL18,47085-15%
Holiday, FL21,04986-14%
Beacon Square, FL6,64586-14%
Palm Harbor, FL59,00799-1%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Rocklin, CA59,00213232%
Brookline, MA59,01619090%
Great Falls, MT59,01794-6%
Wellington, FL59,02212020%
Broomfield, CO59,02711616%
Palm Harbor, FL59,00799-1%
Source: The Palm Harbor, FL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.