South Gate Ridge 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.
IndexSouth Gate RidgeFloridaNational
Cost of living index101100100
IndexSouth Gate RidgeFloridaNational
Goods & Services index104101100
Groceries index103105100
Health care index10897100
Housing index9395100
Transportation index103105100
Utilities index103102100
A general summary of the cost of living index in South Gate Ridge, FL is shown above. Compared to the state average of Florida the cost of living index in South Gate Ridge, FL is 101, which is 1% higher than the average in Florida and compared to the national average it is 1% higher than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In South Gate Ridge, FL goods and services come in at 4% higher than the average in Florida and are 4% higher than compared to the nationwide average.

Did you know?

  • The cost of living in South Gate Ridge is 1% higher than the Florida average.
  • The cost of living in South Gate Ridge is 1% higher than the national average.
  • The cost of housing in South Gate Ridge is 7% 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 South Gate Ridge, FL Cost of living To Other Cities

Salary Calculator

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Groceries index
Health care index
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Transportation index
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The salary calculator allows you to compare how much your current salary in South Gate Ridge, FL would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than South Gate Ridge, FL, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The South Gate Ridge, FL salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$59,093$4,924$1,379$1,773
Renters$47,391$3,949$1,106$1,422
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 South Gate Ridge, 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. South Gate Ridge, FL has a median income of about $59,093 for people who own homes. Based on that number, a person should spend a maximum of $1,379 on expenses related to housing. Renters have a slightly different median income, which is $47,391. Based on this average, renters should spend no more than $1,106 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%
When you are determining the total cost of living in South Gate Ridge, 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

ItemSouth Gate RidgeNational 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

ItemSouth Gate RidgeNational 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

ItemSouth Gate RidgeNational 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

ItemSouth Gate RidgeNational avg.Difference
Home Price $152,000.00$175,700.0013.5%
Avg. Mortgage Payment $1,157.56$1,081.037.1%
Apartment Rent $997.00$920.008.4%

Transportation

ItemSouth Gate RidgeNational avg.Difference
Gasoline $2.19$2.094.6%
Tire Balancing $44.50$45.291.7%

Utilities

ItemSouth Gate RidgeNational 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%
Samoset, FL3,59091-9%
North Sarasota, FL7,54891-9%
South Gate Ridge, FL5,9061011%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Yaphank, NY5,90613737%
Plymouth, PA5,90588-12%
Charleston, MO5,90584-16%
Fowler, CA5,9081099%
Bliss Corner, MA5,90812222%
South Gate Ridge, FL5,9061011%
Source: The South Gate Ridge, FL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.