South Patrick Shores 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 Patrick ShoresFloridaNational
Cost of living index11199100
IndexSouth Patrick ShoresFloridaNational
Goods & Services index9999100
Groceries index103102100
Health care index9997100
Housing index12895100
Transportation index99100100
Utilities index128103100
Displayed above is a general overview of the South Patrick Shores, FL cost of living index. The overall cost of living index in South Patrick Shores, FL is 111, which is 12% higher than the Florida average and 11% higher 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 South Patrick Shores, FL are 1% lower than the Florida average and 1% lower than the national average.

Did you know?

  • The cost of living in South Patrick Shores is 12% higher than the Florida average.
  • The cost of living in South Patrick Shores is 11% higher than the national average.
  • The cost of housing in South Patrick Shores is 28% 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.

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Compare South Patrick Shores, FL Cost of living To Other Cities

Salary Calculator

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The salary calculator allows you to compare how much your current salary in South Patrick Shores, 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 Patrick Shores, FL, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The South Patrick Shores, 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$73,077$6,090$1,705$2,193
Renters$45,307$3,776$1,057$1,359
If you want to find a good determining factor for the cost of living and the general affordability of housing in South Patrick Shores, 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 Patrick Shores, FL, the median monthly income is $73,077 for those who own their own homes. Under the standard rule, that income level would allow for $1,705 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $45,307, per the median income in the area. That would allow for renters to spend up to $1,057 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%
The Florida sales tax and Florida income tax rates should definitely be considered when determining the overall cost of living in South Patrick Shores, FL. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The Florida sales tax is 6% and the maximum surtax is 7.5%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The Florida income tax rates range from 0% to 0%.

Goods & Services

ItemSouth Patrick ShoresNational avg.Difference
Haircut $14.67$15.565.7%
Beauty Salon $43.89$36.1121.5%
Toothpaste $2.86$2.4715.7%
Shampoo $0.97$0.960.9%
Movie $6.21$10.1338.6%
Bowling $4.42$4.746.7%

Groceries

ItemSouth Patrick ShoresNational avg.Difference
Ground Beef $3.48$3.9812.6%
Fried Chicken $1.30$1.417.6%
Milk $2.38$2.0615.2%
Potatoes $3.60$2.9820.7%
Pizza $8.99$9.475.1%
Beer $9.49$8.797.9%

Health Care

ItemSouth Patrick ShoresNational avg.Difference
Optometrist $114.75$101.0413.6%
Doctor $87.53$107.4418.5%
Dentist $94.78$90.424.8%
Ibuprofen $10.69$9.2815.2%
Lipitor $418.04$426.502.0%

Housing

ItemSouth Patrick ShoresNational avg.Difference
Home Price $216,100.00$175,700.0023.0%
Avg. Mortgage Payment $907.44$1,133.2319.9%
Apartment Rent $1,291.00$920.0040.3%

Transportation

ItemSouth Patrick ShoresNational avg.Difference
Gasoline $2.00$1.990.5%
Tire Balancing $43.32$45.765.3%

Utilities

ItemSouth Patrick ShoresNational avg.Difference
All Electricity$208.89$163.8127.5%
Phone $36.82$28.3929.7%
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.
Cocoa West, FL4,80283-17%
Cocoa, FL17,26185-15%
Palm Bay, FL104,34294-6%
Melbourne, FL77,21694-6%
June Park, FL4,05996-4%
South Patrick Shores, FL6,17311111%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Burton, SC6,17395-5%
Binghamton University, NY6,17299-1%
Selma, NC6,17290-10%
Walker, LA6,17695-5%
Estherville, IA6,17786-14%
South Patrick Shores, FL6,17311111%
Source: The South Patrick Shores, FL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.