Punta Gorda 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.
IndexPunta GordaFloridaNational
Cost of living index11299100
IndexPunta GordaFloridaNational
Goods & Services index10299100
Groceries index104102100
Health care index9497100
Housing index13895100
Transportation index110100100
Utilities index90103100
Here we can see a simple outline of the cost of living in Punta Gorda, FL. As you can see, with the average cost of living in Punta Gorda, FL being 112, that puts it 14% higher than the average of Florida and 12% 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 Punta Gorda, FL, the price of goods and services are 3% higher than the average of Florida as well as 2% higher than the nation's average.

Did you know?

  • The cost of living in Punta Gorda is 14% higher than the Florida average.
  • The cost of living in Punta Gorda is 12% higher than the national average.
  • The cost of housing in Punta Gorda is 38% 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 Punta Gorda, 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
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator is meant to help you compare your salary in Punta Gorda, FL to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Punta Gorda, FL, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Punta Gorda, FL salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$63,706$5,309$1,486$1,911
Renters$35,515$2,960$829$1,066
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Punta Gorda, FL as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Punta Gorda, FL homeowners, is $63,706. This would allow for a maximum of $1,486 per month to be spent on housing costs. For renters, the median monthly income is $35,515 which would result in a maximum of $829 to be spent on rental costs.

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 Punta Gorda, 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

ItemPunta GordaNational avg.Difference
Haircut $13.66$15.5612.2%
Beauty Salon $34.83$36.113.5%
Toothpaste $3.29$2.4733.1%
Shampoo $1.05$0.968.5%
Movie $9.99$10.131.4%
Bowling $7.25$4.7453.1%

Groceries

ItemPunta GordaNational avg.Difference
Ground Beef $4.32$3.988.5%
Fried Chicken $1.34$1.414.8%
Milk $2.60$2.0626.0%
Potatoes $3.59$2.9820.5%
Pizza $8.49$9.4710.4%
Beer $9.03$8.792.6%

Health Care

ItemPunta GordaNational avg.Difference
Optometrist $83.00$101.0417.9%
Doctor $98.59$107.448.2%
Dentist $79.17$90.4212.4%
Ibuprofen $9.60$9.283.5%
Lipitor $452.76$426.506.2%

Housing

ItemPunta GordaNational avg.Difference
Home Price $276,300.00$175,700.0057.3%
Avg. Mortgage Payment $1,029.00$1,133.239.2%
Apartment Rent $866.00$920.005.9%

Transportation

ItemPunta GordaNational avg.Difference
Gasoline $1.96$1.991.5%
Tire Balancing $61.93$45.7635.3%

Utilities

ItemPunta GordaNational avg.Difference
All Electricity$157.45$163.813.9%
Phone $23.33$28.3917.8%
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.
Cleveland, FL2,93386-14%
Solana, FL43787-13%
Warm Mineral Springs, FL5,45494-6%
Charlotte Harbor, FL3,96992-8%
Port Charlotte, FL55,20693-7%
Punta Gorda, FL16,98411212%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Radford, VA16,99392-8%
Dyersburg, TN16,99883-17%
Maryland City, MD17,00012424%
Culpeper, VA16,9681044%
Safety Harbor, FL17,0171022%
Punta Gorda, FL16,98411212%
Source: The Punta Gorda, FL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.