River Park 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.
IndexRiver ParkFloridaNational
Cost of living index8999100
IndexRiver ParkFloridaNational
Goods & Services index9999100
Groceries index103102100
Health care index9997100
Housing index5695100
Transportation index99100100
Utilities index128103100
Displayed above is a general overview of the River Park, FL cost of living index. The overall cost of living index in River Park, FL is 89, which is 10% lower than the Florida average and 11% lower than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in River Park, FL are 1% lower than the Florida average and 1% lower than the national average.

Did you know?

  • The cost of living in River Park is 10% lower than the Florida average.
  • The cost of living in River Park is 11% lower than the national average.
  • The cost of housing in River Park is 44% 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 River Park, FL Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current income in River Park, FL to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of River Park, FL, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the River Park, FL salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$32,028$2,669$747$961
Renters$20,673$1,723$482$620
A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in River Park, FL, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. River Park, FL has a median income of about $32,028 for people who own homes. Based on that number, a person should spend a maximum of $747 on expenses related to housing. Renters have a slightly different median income, which is $20,673. Based on this average, renters should spend no more than $482 on all of their rental costs if they want to maintain a non-impoverished standard of living.

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 River Park, 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

ItemRiver ParkNational avg.Difference
Haircut $14.67$15.565.7%
Beauty Salon $43.89$36.1121.5%
Toothpaste $2.86$2.4715.7%
Shampoo $0.97$0.960.9%
Movie $6.21$10.1338.6%
Bowling $4.42$4.746.7%

Groceries

ItemRiver ParkNational avg.Difference
Ground Beef $3.48$3.9812.6%
Fried Chicken $1.30$1.417.6%
Milk $2.38$2.0615.2%
Potatoes $3.60$2.9820.7%
Pizza $8.99$9.475.1%
Beer $9.49$8.797.9%

Health Care

ItemRiver ParkNational avg.Difference
Optometrist $114.75$101.0413.6%
Doctor $87.53$107.4418.5%
Dentist $94.78$90.424.8%
Ibuprofen $10.69$9.2815.2%
Lipitor $418.04$426.502.0%

Housing

ItemRiver ParkNational avg.Difference
Home Price $66,100.00$175,700.0062.4%
Avg. Mortgage Payment $907.44$1,133.2319.9%
Apartment Rent $897.00$920.002.5%

Transportation

ItemRiver ParkNational avg.Difference
Gasoline $2.00$1.990.5%
Tire Balancing $43.32$45.765.3%

Utilities

ItemRiver ParkNational avg.Difference
All Electricity$208.89$163.8127.5%
Phone $36.82$28.3929.7%
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.
Ocean Breeze Park, FL25882-18%
Fort Pierce North, FL6,90187-13%
Fort Pierce South, FL4,88788-12%
Lakewood Park, FL11,30490-10%
Fort Pierce, FL42,74491-9%
River Park, FL5,35289-11%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Eucalyptus Hills, CA5,35213838%
Orangetree, FL5,35111010%
Fruit Heights, UT5,35311212%
West Bountiful, UT5,3531055%
Kensington, CA5,35119191%
River Park, FL5,35289-11%
Source: The River Park, FL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.