Pelican Bay 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.
IndexPelican BayFloridaNational
Cost of living index181100100
IndexPelican BayFloridaNational
Goods & Services index104101100
Groceries index103105100
Health care index10897100
Housing index36295100
Transportation index103105100
Utilities index103102100
Displayed above is a general overview of the Pelican Bay, FL cost of living index. The overall cost of living index in Pelican Bay, FL is 181, which is 81% higher than the Florida average and 81% higher than 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 Pelican Bay, FL are 4% higher than the Florida average and 4% higher than the national average.

Did you know?

  • The cost of living in Pelican Bay is 81% higher than the Florida average.
  • The cost of living in Pelican Bay is 81% higher than the national average.
  • The cost of housing in Pelican Bay is 262% 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 Pelican Bay, FL Cost of living To Other Cities

Salary Calculator

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Using the salary calculator lets you compare the salary you earn in Pelican Bay, 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 Pelican Bay, FL, you have to earn a higher income in order to still have the same standard of living. To operate the Pelican Bay, 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$104,014$8,668$2,427$3,121
Renters$104,063$8,672$2,428$3,122
One can approximate the cost of living and the housing affordability in Pelican Bay, 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 Pelican Bay, FL have a median income of $104,014. Therefore, the amount that a consumer should spend on housing costs should be no more than $2,427 per month to avoid calamity and poverty. The renters in the city have an income of about $104,063, which would make their monthly maximum allowable rental costs $2,428.

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 Pelican Bay, 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

ItemPelican BayNational avg.Difference
Haircut $14.00$14.594.1%
Beauty Salon $38.25$34.6810.3%
Toothpaste $2.94$2.4718.9%
Shampoo $1.11$1.028.6%
Movie $9.54$9.873.3%
Bowling $4.50$4.392.5%

Groceries

ItemPelican BayNational avg.Difference
Ground Beef $4.89$4.489.2%
Fried Chicken $1.63$1.4611.3%
Milk $2.73$2.3615.8%
Potatoes $3.18$3.063.9%
Pizza $8.37$9.249.4%
Beer $9.75$8.6312.9%

Health Care

ItemPelican BayNational avg.Difference
Optometrist $119.33$99.7819.6%
Doctor $137.25$105.0330.7%
Dentist $79.20$88.7010.7%
Ibuprofen $10.09$9.417.2%
Lipitor $328.16$298.509.9%

Housing

ItemPelican BayNational avg.Difference
Home Price $743,800.00$175,700.00323.3%
Avg. Mortgage Payment $1,157.56$1,081.037.1%
Apartment Rent $2,001.00$920.00117.5%

Transportation

ItemPelican BayNational avg.Difference
Gasoline $2.19$2.094.6%
Tire Balancing $44.50$45.291.7%

Utilities

ItemPelican BayNational avg.Difference
All Electricity$158.97$170.806.9%
Phone $32.85$28.2616.3%
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.
Naples Manor, FL6,09693-7%
Golden Gate, FL28,91797-3%
Lely, FL3,48111313%
Bonita Springs, FL46,38411111%
Orangetree, FL5,35111010%
Pelican Bay, FL5,42618181%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Brewton, AL5,42686-14%
Lehighton, PA5,42799-1%
Woodside, CA5,427217117%
St. Clair, MI5,42890-10%
Pawcatuck, CT5,42812424%
Pelican Bay, FL5,42618181%
Source: The Pelican Bay, FL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.