Progress Village 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.
IndexProgress VillageFloridaNational
Cost of living index9399100
IndexProgress VillageFloridaNational
Goods & Services index9299100
Groceries index98102100
Health care index9697100
Housing index8195100
Transportation index100100100
Utilities index114103100
The above illustration supplies generalized information for the Progress Village, FL cost of living index. Compared to other cities in Florida and cities across the country, the cost of living index in Progress Village, FL is 93, which is 6% lower than the Florida average and 7% lower than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Progress Village, FL are 7% lower than the average for Florida and 8% lower than the rest of the country.

Did you know?

  • The cost of living in Progress Village is 6% lower than the Florida average.
  • The cost of living in Progress Village is 7% lower than the national average.
  • The cost of housing in Progress Village is 19% 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 Progress Village, 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 Progress Village, 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 Progress Village, FL, then you would need to earn more income in order to maintain the same standard of living. To use the Progress Village, 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$60,556$5,046$1,413$1,817
Renters$46,125$3,844$1,076$1,384
If you want to find a good determining factor for the cost of living and the general affordability of housing in Progress Village, 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 Progress Village, FL, the median monthly income is $60,556 for those who own their own homes. Under the standard rule, that income level would allow for $1,413 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $46,125, per the median income in the area. That would allow for renters to spend up to $1,076 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%
One thing to keep in mind when considering the cost of living in Progress Village, 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

ItemProgress VillageNational 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

ItemProgress VillageNational 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

ItemProgress VillageNational 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

ItemProgress VillageNational avg.Difference
Home Price $113,900.00$175,700.0035.2%
Avg. Mortgage Payment $759.70$1,133.2333.0%
Apartment Rent $1,097.00$920.0019.2%

Transportation

ItemProgress VillageNational avg.Difference
Gasoline $1.96$1.991.4%
Tire Balancing $46.52$45.761.7%

Utilities

ItemProgress VillageNational 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.
University, FL41,73286-14%
East Lake-Orient Park, FL23,99588-12%
Mango, FL12,06289-11%
Dover, FL4,28489-11%
Palm River-Clair Mel, FL22,66790-10%
Progress Village, FL6,96093-7%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Blackwell, OK6,95779-21%
Acton, CA6,95614848%
Lihue, HI6,95516767%
Interlaken, CA6,95414444%
Homeacre-Lyndora, PA6,96689-11%
Progress Village, FL6,96093-7%
Source: The Progress Village, FL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.