Pinewood 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.
IndexPinewoodFloridaNational
Cost of living index97100100
IndexPinewoodFloridaNational
Goods & Services index106101100
Groceries index107105100
Health care index10497100
Housing index7595100
Transportation index117105100
Utilities index97102100
An overview of the general cost of living index for Pinewood, FL is displayed above for your reference. Residents in Pinewood, FL enjoy a cost of living index of 97. This index is 3% lower than the Florida average, and 3% lower than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Pinewood, FL, the average cost of goods and services is 6% higher than it is in Florida, and it is 6% higher than the national average.

Did you know?

  • The cost of living in Pinewood is 3% lower than the Florida average.
  • The cost of living in Pinewood is 3% lower than the national average.
  • The cost of housing in Pinewood is 25% 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 Pinewood, FL Cost of living To Other Cities

Salary Calculator

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Health care index
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Use the salary calculator to compare your current salary in Pinewood, FL to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Pinewood, FL, then you would need to earn more income in order to maintain the same standard of living. To use the Pinewood, FL salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$40,880$3,407$954$1,227
Renters$22,547$1,879$526$676
The affordability of the housing market in Pinewood, FL as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Pinewood, FL homeowners, the median income is $40,880. This indicates that a monthly maximum of $954 should be spent by homeowners on all housing related costs. Renters have a median income of $22,547. This indicates that renters should have a maximum of $526 used for their rent related monthly costs.

Florida Sales Tax

StateGeneral Sales TaxWith Max Surtax
Florida6%7.5%

Florida Income Tax

StateIncome Tax (Low)Income Tax (High)
Florida0%0%
When assessing the complete cost of living in Pinewood, FL, the Florida income tax and the Florida sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Florida maximum surtax is 7.5%, and the Florida sales tax is 6%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 0% to 0% in Florida.

Goods & Services

ItemPinewoodNational avg.Difference
Haircut $15.60$14.596.9%
Beauty Salon $45.00$34.6829.8%
Toothpaste $2.70$2.479.2%
Shampoo $1.07$1.024.7%
Movie $10.81$9.879.5%
Bowling $8.26$4.3988.1%

Groceries

ItemPinewoodNational avg.Difference
Ground Beef $5.13$4.4814.6%
Fried Chicken $1.57$1.467.2%
Milk $2.71$2.3615.0%
Potatoes $3.39$3.0610.7%
Pizza $8.99$9.242.7%
Beer $8.43$8.632.3%

Health Care

ItemPinewoodNational avg.Difference
Optometrist $80.50$99.7819.3%
Doctor $97.86$105.036.8%
Dentist $97.00$88.709.4%
Ibuprofen $10.49$9.4111.5%
Lipitor $332.58$298.5011.4%

Housing

ItemPinewoodNational avg.Difference
Home Price $114,100.00$175,700.0035.1%
Avg. Mortgage Payment $1,310.50$1,081.0321.2%
Apartment Rent $915.00$920.000.5%

Transportation

ItemPinewoodNational avg.Difference
Gasoline $2.32$2.0911.1%
Tire Balancing $59.59$45.2931.6%

Utilities

ItemPinewoodNational 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.
Fisher Island, FL2401066%
Medley, FL94090-10%
Pembroke Park, FL6,22089-11%
Brownsville, FL14,83593-7%
Opa-locka, FL15,86794-6%
Pinewood, FL16,53197-3%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Phoenixville, PA16,53011616%
Hazel Park, MI16,53282-18%
Susanville, CA16,5371044%
New Milford, NJ16,52414949%
Easton, MD16,54111818%
Pinewood, FL16,53197-3%
Source: The Pinewood, FL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.