Samoset 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.
IndexSamosetFloridaNational
Cost of living index91100100
IndexSamosetFloridaNational
Goods & Services index104101100
Groceries index103105100
Health care index10897100
Housing index6195100
Transportation index103105100
Utilities index103102100
Displayed above is a general overview of the Samoset, FL cost of living index. The overall cost of living index in Samoset, FL is 91, which is 9% lower than the Florida average and 9% 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 Samoset, FL are 4% higher than the Florida average and 4% higher than the national average.

Did you know?

  • The cost of living in Samoset is 9% lower than the Florida average.
  • The cost of living in Samoset is 9% lower than the national average.
  • The cost of housing in Samoset is 39% 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 Samoset, FL Cost of living To Other Cities

Salary Calculator

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Groceries index
Health care index
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Using the salary calculator lets you compare the salary you earn in Samoset, FL to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Samoset, FL, you have to earn a higher income in order to still have the same standard of living. To operate the Samoset, FL salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$43,603$3,634$1,017$1,308
Renters$22,438$1,870$524$673
One can approximate the cost of living and the housing affordability in Samoset, FL by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Samoset, FL have a median income of $43,603. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,017 per month to avoid calamity and poverty. The renters in the city have an income of about $22,438, which would make their monthly maximum allowable rental costs $524.

Florida Sales Tax

StateGeneral Sales TaxWith Max Surtax
Florida6%7.5%

Florida Income Tax

StateIncome Tax (Low)Income Tax (High)
Florida0%0%
When you are determining the total cost of living in Samoset, FL you will want to make sure you consider both the Florida sales tax and the Florida income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Florida is 6%, with the highest surtax being 7.5%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Florida have a range from 0% to 0%.

Goods & Services

ItemSamosetNational avg.Difference
Haircut $14.00$14.594.1%
Beauty Salon $38.25$34.6810.3%
Toothpaste $2.94$2.4718.9%
Shampoo $1.11$1.028.6%
Movie $9.54$9.873.3%
Bowling $4.50$4.392.5%

Groceries

ItemSamosetNational avg.Difference
Ground Beef $4.89$4.489.2%
Fried Chicken $1.63$1.4611.3%
Milk $2.73$2.3615.8%
Potatoes $3.18$3.063.9%
Pizza $8.37$9.249.4%
Beer $9.75$8.6312.9%

Health Care

ItemSamosetNational avg.Difference
Optometrist $119.33$99.7819.6%
Doctor $137.25$105.0330.7%
Dentist $79.20$88.7010.7%
Ibuprofen $10.09$9.417.2%
Lipitor $328.16$298.509.9%

Housing

ItemSamosetNational avg.Difference
Home Price $84,800.00$175,700.0051.7%
Avg. Mortgage Payment $1,157.56$1,081.037.1%
Apartment Rent $828.00$920.0010.0%

Transportation

ItemSamosetNational avg.Difference
Gasoline $2.19$2.094.6%
Tire Balancing $44.50$45.291.7%

Utilities

ItemSamosetNational avg.Difference
All Electricity$158.97$170.806.9%
Phone $32.85$28.2616.3%
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.
South Bradenton, FL22,81488-12%
West Samoset, FL6,59789-11%
Bayshore Gardens, FL17,89990-10%
North Sarasota, FL7,54891-9%
Palmetto, FL12,85693-7%
Samoset, FL3,59091-9%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Saluda, SC3,59080-20%
Silver Summit, UT3,59116666%
Brooktrails, CA3,58912424%
Sagamore, MA3,58913939%
Black River Falls, WI3,59186-14%
Samoset, FL3,59091-9%
Source: The Samoset, FL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.