South Highpoint 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 HighpointFloridaNational
Cost of living index8899100
IndexSouth HighpointFloridaNational
Goods & Services index9299100
Groceries index98102100
Health care index9697100
Housing index6595100
Transportation index100100100
Utilities index114103100
The above illustration supplies generalized information for the South Highpoint, FL cost of living index. Compared to other cities in Florida and cities across the country, the cost of living index in South Highpoint, FL is 88, which is 11% lower than the Florida average and 12% lower than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in South Highpoint, FL are 7% lower than the average for Florida and 8% lower than the rest of the country.

Did you know?

  • The cost of living in South Highpoint is 11% lower than the Florida average.
  • The cost of living in South Highpoint is 12% lower than the national average.
  • The cost of housing in South Highpoint is 35% 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 Highpoint, FL Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current salary in South Highpoint, FL to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in South Highpoint, FL, then you would need to earn more income in order to maintain the same standard of living. To use the South Highpoint, FL salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$42,477$3,540$991$1,274
Renters$26,144$2,179$610$784
If you want to find a good determining factor for the cost of living and the general affordability of housing in South Highpoint, FL, all you must look at is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In South Highpoint, FL, the median monthly income is $42,477 for those who own their own homes. Under the standard rule, that income level would allow for $991 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $26,144, per the median income in the area. That would allow for renters to spend up to $610 on monthly rental expenses.

Florida Sales Tax

StateGeneral Sales TaxWith Max Surtax
Florida6%7.5%

Florida Income Tax

StateIncome Tax (Low)Income Tax (High)
Florida0%0%
When considering the overall cost of living expenses in South Highpoint, FL, it's important to take into account the sales tax for Florida, as well as the rate for income tax in Florida. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for Florida is 7.5%, and the sales tax in the state of Florida is 6%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in Florida starts from 0% and goes up to 0%.

Goods & Services

ItemSouth HighpointNational avg.Difference
Haircut $13.63$15.5612.4%
Beauty Salon $34.41$36.114.7%
Toothpaste $2.30$2.477.1%
Shampoo $0.89$0.967.8%
Movie $10.04$10.130.9%
Bowling $5.29$4.7411.6%

Groceries

ItemSouth HighpointNational avg.Difference
Ground Beef $4.13$3.983.6%
Fried Chicken $1.38$1.411.9%
Milk $2.39$2.0616.0%
Potatoes $3.27$2.989.7%
Pizza $8.61$9.479.1%
Beer $9.36$8.796.4%

Health Care

ItemSouth HighpointNational avg.Difference
Optometrist $99.69$101.041.3%
Doctor $94.39$107.4412.1%
Dentist $87.08$90.423.7%
Ibuprofen $9.49$9.282.2%
Lipitor $425.69$426.500.2%

Housing

ItemSouth HighpointNational avg.Difference
Home Price $93,400.00$175,700.0046.8%
Avg. Mortgage Payment $759.70$1,133.2333.0%
Apartment Rent $840.00$920.008.7%

Transportation

ItemSouth HighpointNational avg.Difference
Gasoline $1.96$1.991.4%
Tire Balancing $46.52$45.761.7%

Utilities

ItemSouth HighpointNational avg.Difference
All Electricity$155.82$163.814.9%
Phone $39.95$28.3940.7%
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.
Lealman, FL20,74084-16%
West Lealman, FL15,25786-14%
Largo, FL78,39188-12%
Kenneth City, FL4,98689-11%
Egypt Lake-Leto, FL36,73590-10%
South Highpoint, FL4,94288-12%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Giddings, TX4,94288-12%
South Bay, FL4,94190-10%
Shady Hollow, TX4,94011919%
Eagar, AZ4,93599-1%
Greenacres, CA4,9491099%
South Highpoint, FL4,94288-12%
Source: The South Highpoint, FL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.