Plant City 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.
IndexPlant CityFloridaNational
Cost of living index9299100
IndexPlant CityFloridaNational
Goods & Services index9299100
Groceries index98102100
Health care index9697100
Housing index7995100
Transportation index100100100
Utilities index114103100
An overview of the general cost of living index for Plant City, FL is displayed above for your reference. Residents in Plant City, FL enjoy a cost of living index of 92. This index is 7% lower than the Florida average, and 8% 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 Plant City, FL, the average cost of goods and services is 7% lower than it is in Florida, and it is 8% lower than the national average.

Did you know?

  • The cost of living in Plant City is 7% lower than the Florida average.
  • The cost of living in Plant City is 8% lower than the national average.
  • The cost of housing in Plant City is 21% 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 Plant City, 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
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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 Plant City, 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 Plant City, FL, you have to earn a higher income in order to still have the same standard of living. To operate the Plant City, 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$60,489$5,041$1,411$1,815
Renters$32,420$2,702$756$973
If you want to find a good determining factor for the cost of living and the general affordability of housing in Plant City, FL, all you must look at is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Plant City, FL, the median monthly income is $60,489 for those who own their own homes. Under the standard rule, that income level would allow for $1,411 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $32,420, per the median income in the area. That would allow for renters to spend up to $756 on monthly rental expenses.

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 Plant City, 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

ItemPlant CityNational avg.Difference
Haircut $13.63$15.5612.4%
Beauty Salon $34.41$36.114.7%
Toothpaste $2.30$2.477.1%
Shampoo $0.89$0.967.8%
Movie $10.04$10.130.9%
Bowling $5.29$4.7411.6%

Groceries

ItemPlant CityNational avg.Difference
Ground Beef $4.13$3.983.6%
Fried Chicken $1.38$1.411.9%
Milk $2.39$2.0616.0%
Potatoes $3.27$2.989.7%
Pizza $8.61$9.479.1%
Beer $9.36$8.796.4%

Health Care

ItemPlant CityNational avg.Difference
Optometrist $99.69$101.041.3%
Doctor $94.39$107.4412.1%
Dentist $87.08$90.423.7%
Ibuprofen $9.49$9.282.2%
Lipitor $425.69$426.500.2%

Housing

ItemPlant CityNational avg.Difference
Home Price $127,700.00$175,700.0027.3%
Avg. Mortgage Payment $759.70$1,133.2333.0%
Apartment Rent $864.00$920.006.1%

Transportation

ItemPlant CityNational avg.Difference
Gasoline $1.96$1.991.4%
Tire Balancing $46.52$45.761.7%

Utilities

ItemPlant CityNational avg.Difference
All Electricity$155.82$163.814.9%
Phone $39.95$28.3940.7%
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.
Zephyrhills South, FL6,05981-19%
Mulberry, FL3,86482-18%
Zephyrhills West, FL5,37883-17%
Crystal Lake, FL6,04985-15%
Combee Settlement, FL5,89985-15%
Plant City, FL35,86692-8%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Richfield, MN35,8771044%
Bell, CA35,89612222%
Lake Worth, FL35,90396-4%
Menomonee Falls, WI35,8281066%
Goldsboro, NC35,90893-7%
Plant City, FL35,86692-8%
Source: The Plant City, FL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.