Sunset 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.
IndexSunsetFloridaNational
Cost of living index120100100
IndexSunsetFloridaNational
Goods & Services index106101100
Groceries index107105100
Health care index10497100
Housing index15195100
Transportation index117105100
Utilities index97102100
A general summary of the cost of living index in Sunset, FL is shown above. Compared to the state average of Florida the cost of living index in Sunset, FL is 120, which is 20% higher than the average in Florida and compared to the national average it is 20% 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 Sunset, FL goods and services come in at 6% higher than the average in Florida and are 6% higher than compared to the nationwide average.

Did you know?

  • The cost of living in Sunset is 20% higher than the Florida average.
  • The cost of living in Sunset is 20% higher than the national average.
  • The cost of housing in Sunset is 51% 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 Sunset, FL Cost of living To Other Cities

Salary Calculator

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Health care index
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Use the salary calculator to compare your current salary in Sunset, 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 Sunset, FL, then you would need to earn more income in order to maintain the same standard of living. To use the Sunset, 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$84,808$7,067$1,979$2,544
Renters$31,171$2,598$727$935
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Sunset, FL, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Sunset, FL homeowners have a median income of $84,808. Using that number, you will come up with a maximum of $1,979 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $31,171, which means there is a maximum of $727 to be spent on the costs of renting a home or apartment.

Florida Sales Tax

StateGeneral Sales TaxWith Max Surtax
Florida6%7.5%

Florida Income Tax

StateIncome Tax (Low)Income Tax (High)
Florida0%0%
When assessing the complete cost of living in Sunset, FL, the Florida income tax and the Florida sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Florida maximum surtax is 7.5%, and the Florida sales tax is 6%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 0% to 0% in Florida.

Goods & Services

ItemSunsetNational avg.Difference
Haircut $15.60$14.596.9%
Beauty Salon $45.00$34.6829.8%
Toothpaste $2.70$2.479.2%
Shampoo $1.07$1.024.7%
Movie $10.81$9.879.5%
Bowling $8.26$4.3988.1%

Groceries

ItemSunsetNational avg.Difference
Ground Beef $5.13$4.4814.6%
Fried Chicken $1.57$1.467.2%
Milk $2.71$2.3615.0%
Potatoes $3.39$3.0610.7%
Pizza $8.99$9.242.7%
Beer $8.43$8.632.3%

Health Care

ItemSunsetNational avg.Difference
Optometrist $80.50$99.7819.3%
Doctor $97.86$105.036.8%
Dentist $97.00$88.709.4%
Ibuprofen $10.49$9.4111.5%
Lipitor $332.58$298.5011.4%

Housing

ItemSunsetNational avg.Difference
Home Price $280,700.00$175,700.0059.8%
Avg. Mortgage Payment $1,310.50$1,081.0321.2%
Apartment Rent $1,200.00$920.0030.4%

Transportation

ItemSunsetNational avg.Difference
Gasoline $2.32$2.0911.1%
Tire Balancing $59.59$45.2931.6%

Utilities

ItemSunsetNational avg.Difference
All Electricity$166.37$170.802.6%
Phone $27.52$28.262.6%
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.
Fisher Island, FL2401066%
Homestead Base, FL1,07080-20%
Medley, FL94090-10%
Brownsville, FL14,83593-7%
Opa-locka, FL15,86794-6%
Sunset, FL17,09712020%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Nipomo, CA17,11513131%
Cherry Hill, VA17,07911717%
Seabrook, MD17,11511515%
La Vista, NE17,12592-8%
Woodmere, NY17,06718484%
Sunset, FL17,09712020%
Source: The Sunset, FL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.