Cost Of Living in River Park, FL

A+

7%

Overall NAT. AVG.

7%

Goods & Services NAT. AVG.

18%

Housing NAT. AVG.

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	River Park	Florida	National
Cost of living	93	98	100
Goods & Services	93	98	100
Groceries	99	99	100
Health care	97	96	100
Housing	82	96	100
Transportation	98	99	100
Utilities	109	97	100

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Cost Of Living Quick Facts

The cost of living in River Park is 5% lower than the Florida average
The cost of living in River Park is 7% lower than the national average
River Park housing is 18% 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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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$48,141	$4,012	$1,123	$1,444
Renters	$27,378	$2,282	$639	$821

A good way to judge both the affordability of the housing and the cost of living in River Park is by simply calculating the maximum that should be spent on housing, otherwise known as the debt-to-income ratio (DTI). The plan is to avoid spending more than 28 percent of the gross income on costs that pertain to housing and no more than 36 percent on all expenses and debts. River Park has a median income of about $48,141 for people who own homes. Based on that number, a maximum of $1,123 should be spent on expenses related to housing. Renters have a slightly different median income, which is $27,378. Based on this average, renters should spend no more than $639 on all rental costs if they want to maintain a non-impoverished standard of living.

Florida Sales Tax

State	General Sales Tax	With Max Surtax
Florida	6%	7.5%

Florida Income Tax

State	Income Tax (Low)	Income Tax (High)
Florida	0%	0%

Goods & Services

Item	River Park	National avg.	Difference
Haircut	$21.00	$24.26	13.4%
Beauty Salon	$56.83	$45.56	24.7%
Toothpaste	$3.68	$3.70	0.6%
Shampoo	$1.32	$1.28	3.1%
Movie	$13.10	$12.13	7.9%
Bowling	$14.75	$18.00	18.1%

Groceries

Item	River Park	National avg.	Difference
Ground Beef	$5.85	$5.84	0.2%
Fried Chicken	$1.45	$1.57	8.0%
Milk	$4.52	$4.67	3.2%
Potatoes	$5.38	$4.93	9.0%
Pizza	$12.62	$12.09	4.4%
Beer	$10.69	$10.41	2.6%

Health Care

Item	River Park	National avg.	Difference
Optometrist	$78.20	$125.68	37.8%
Doctor	$139.80	$135.78	3.0%
Dentist	$132.83	$113.29	17.3%
Ibuprofen	$10.32	$10.65	3.1%
Lipitor	$526.92	$468.60	12.4%

Housing

Item	River Park	National avg.	Difference
Home Price	$116,000.00	$184,700.00	37.2%
Avg. Mortgage Payment	$2,007.04	$2,346.69	14.5%
Apartment Rent	$1,213.00	$949.00	27.8%

Transportation

Item	River Park	National avg.	Difference
Gasoline	$3.45	$3.46	0.5%
Tire Balancing	$54.85	$59.92	8.5%

Utilities

Item	River Park	National avg.	Difference
All Electricity	$144.67	$193.99	25.4%
Phone	$196.14	$192.25	2.0%

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	Population	Cost of Living Index	National Avg.
Rio, FL	705	98	2.4%
Ocean Breeze Park, FL	214	78	21.6%
Fort Pierce North, FL	7,199	87	13.4%
Fort Pierce, FL	45,855	92	8.4%
Lakewood Park, FL	14,227	96	4.3%
River Park, FL	7,139	93	7.0%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Belle Isle, FL	7,139	119	19.2%
Putnam, CT	7,138	107	7.0%
Nappanee, IN	7,138	88	12.3%
Collinsville, OK	7,140	92	7.6%
Belle Plaine, MN	7,137	103	3.0%
River Park, FL	7,139	93	7.0%