B-
10%
Overall NAT. AVG.
5%
Goods & Services NAT. AVG.
27%
Housing NAT. AVG.
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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 Rotonda Florida National
Cost of living11098100
Goods & Services10598100
Groceries9999100
Health care10896100
Housing12796100
Transportation10799100
Utilities9697100

An Overview of Cost of Living in Rotonda, FL

Getting a feel for the cost of living in Rotonda is essential for anyone planning to relocate, as it empowers them to make informed financial decisions, secure a comfortable lifestyle and maintain financial stability in their new environment. The cost of living in Rotonda is 110, which is 10% higher than the national average. Relocating individuals may need to adjust their savings and investment strategies based on the cost of living in the new location. It influences decisions about retirement planning, investments and financial goals.

Everyday expenditures like food, housing, goods and services, transportation and health care in Rotonda are priced in a manner consistent with other areas. This means that residents of Rotonda can anticipate their daily expenses remaining reasonably similar to those in an average city, thereby supporting a manageable cost of living.

Housing costs make up a big chunk of the cost of living in Rotonda, and they usually eat into a large part of your take-home pay. Unfortunately, in this area, both buying a home and renting one costs 26.8% more than the average city. This includes stuff like home prices, rent, mortgage rates, and insurance.

Is Rotonda Affordable?

Is Rotonda affordable? This is a pivotal question, especially when mulling over a move, as affordability carries substantial weight in your decision-making process. Factors such as the cost of living index (discussed earlier), housing expenses and income levels all contribute to a location's affordability. For instance, in Rotonda, the median home price is 36.8% higher than the national average and monthly rent prices are 3.4% higher than the typical rates. Additionally, the median income levels play a role in affordability, with Rotonda boasting a median household income of $51,762, 6.4% lower than the national average.

What Factors can Influence the Cost of Living in Rotonda?

Groceries: Grocery expenditures have undergone notable escalation over the last 2-3 years. In some markets, the cost of food products has surged by more than 20%, while others have experienced only modest increments. These fluctuations in food costs can have a significant impact on the overall cost of living in any region. In Rotonda, the groceries index registers 1.1% lower than the national average.

Utilities: Like everything else, utilities costs can range significantly depending on factors like climate, energy sources available, location and even state regulations. Things like electricity, water, heating and waste disposal costs can be higher or lower, depending on the city or state. The utilities index in Rotonda comes in at 4.2% lower than the national average.

Transportation: If public transportation is limited or not available, residents may need to own and maintain vehicles, which can add to the cost of living. Gas, insurance, regular maintenance and potentially lease or finance payments will all need to be paid on a monthly basis. In Rotonda, the transportation index is 7.4% higher than the national average.

Where is the Data From?

The cost of living in Rotonda, presented above is derived from the C2ER cost of living index, offering a practical method for assessing living cost disparities in urban areas. Published quarterly, this index compiles data from more than 300 independent researchers, encompassing over 60 goods and services in 6 categories. The weightings assigned to cost variances are informed by government survey data tracking the expenditure patterns of professional and executive households. It should be noted that the C2ER index does not include data on sales or income tax rates, however, AreaVibes incorporates tax rates into the overall cost of living score for each area.

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Cost Of Living Quick Facts

  • The cost of living in Rotonda is 13% higher than the Florida average
  • The cost of living in Rotonda is 10% higher than the national average
  • Rotonda housing is 27% 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

Most Affordable Places to Live in and Around Rotonda

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Compare Rotonda, FL Cost of Living

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      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

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$60,924$5,077$1,421$1,828
      Renters$22,387$1,866$522$672
      To approximate the cost of living and the housing affordability in Rotonda, FL, we can look at the percentage of income that is available to be spent on monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side, a consumer should not spend more than 28% of his or her gross income on housing-related expenses and costs and not more than 36% of income on all expenses and debts. Homeowners in Rotonda have a median income of $60,924. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,421 per month to avoid calamity and poverty. The renters in the city have an income of about $22,387, which would make their monthly maximum allowable rental costs $522.

      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 Rotonda National avg. Difference
      Haircut $28.20$24.2616.2%
      Beauty Salon $54.05$45.5618.6%
      Toothpaste $3.63$3.701.9%
      Shampoo $1.45$1.2813.5%
      Movie $13.05$12.137.6%
      Bowling $21.20$18.0017.8%

      Groceries

      Item Rotonda National avg. Difference
      Ground Beef $6.06$5.843.8%
      Fried Chicken $1.40$1.5711.0%
      Milk $4.57$4.672.2%
      Potatoes $5.24$4.936.1%
      Pizza $11.72$12.093.0%
      Beer $11.06$10.416.2%

      Health Care

      Item Rotonda National avg. Difference
      Optometrist $101.67$125.6819.1%
      Doctor $153.94$135.7813.4%
      Dentist $122.09$113.297.8%
      Ibuprofen $10.59$10.650.6%
      Lipitor $535.04$468.6014.2%

      Housing

      Item Rotonda National avg. Difference
      Home Price $252,700.00$184,700.0036.8%
      Avg. Mortgage Payment $2,422.46$2,346.693.2%
      Apartment Rent $981.00$949.003.4%

      Transportation

      Item Rotonda National avg. Difference
      Gasoline $3.47$3.460.2%
      Tire Balancing $74.92$59.9225.0%

      Utilities

      Item Rotonda National avg. Difference
      All Electricity $179.36$193.997.5%
      Phone $194.07$192.250.9%
      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.
      Charlotte Harbor, FL4,619954.8%
      Warm Mineral Springs, FL5,267973.4%
      Grove City, FL2,009990.9%
      Port Charlotte, FL64,3351022.0%
      Charlotte Park, FL1,8931033.3%
      Rotonda, FL10,11711010.0%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Linthicum, MD10,11612222.4%
      Saint-Hippolyte, QC10,115n/a 
      Orange Cove, CA10,1201066.5%
      Highland, IL10,122909.6%
      Meadowbrook, AL10,11011313.0%
      Rotonda, FL10,11711010.0%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.