Plantation 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.
IndexPlantationFloridaNational
Cost of living index113100100
IndexPlantationFloridaNational
Goods & Services index99101100
Groceries index102105100
Health care index9997100
Housing index14095100
Transportation index118105100
Utilities index97102100
Here we can see a simple outline of the cost of living in Plantation, FL. As you can see, with the average cost of living in Plantation, FL being 113, that puts it 13% higher than the average of Florida and 13% higher than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Plantation, FL, the price of goods and services are 2% lower than the average of Florida as well as 1% lower than the nation's average.

Did you know?

  • The cost of living in Plantation is 13% higher than the Florida average.
  • The cost of living in Plantation is 13% higher than the national average.
  • The cost of housing in Plantation is 40% 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 Plantation, FL Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current salary in Plantation, 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 Plantation, FL, then you would need to earn more income in order to maintain the same standard of living. To use the Plantation, 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$77,697$6,475$1,813$2,331
Renters$53,819$4,485$1,256$1,615
If you want to find a good determining factor for the cost of living and the general affordability of housing in Plantation, 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 Plantation, FL, the median monthly income is $77,697 for those who own their own homes. Under the standard rule, that income level would allow for $1,813 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $53,819, per the median income in the area. That would allow for renters to spend up to $1,256 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%
When you are determining the total cost of living in Plantation, FL you will want to make sure you consider both the Florida sales tax and the Florida income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Florida is 6%, with the highest surtax being 7.5%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Florida have a range from 0% to 0%.

Goods & Services

ItemPlantationNational 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

ItemPlantationNational 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

ItemPlantationNational 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

ItemPlantationNational avg.Difference
Home Price $236,900.00$175,700.0034.8%
Avg. Mortgage Payment $1,564.37$1,081.0344.7%
Apartment Rent $1,397.00$920.0051.8%

Transportation

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

Utilities

ItemPlantationNational 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%
Plantation, FL88,48611313%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Longmont, CO88,5471099%
Sunrise, FL88,391100-0%
Waukegan, IL88,67199-1%
Germantown, MD88,71712222%
Fall River, MA88,75611919%
Plantation, FL88,48611313%
Source: The Plantation, FL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.