Sweetwater, FL Cost Of Living

Sweetwater 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.
Index	Sweetwater	Florida	National
Cost of living index	97	99	100
Index	Sweetwater	Florida	National
Goods & Services index	101	99	100
Groceries index	105	105	100
Health care index	97	98	100
Housing index	83	96	100
Transportation index	112	100	100
Utilities index	99	103	100

A general overview of the cost of living index for Sweetwater, FL is displayed above. In Sweetwater, FL, the overall cost of living index is 97, which is 2% lower than the Florida average and 3% lower than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Sweetwater, FL, the city's goods and services are 3% higher than the Florida average and 1% higher than the U.S. average.

Did you know?

The cost of living in Sweetwater is 2% lower than the Florida average.
The cost of living in Sweetwater is 3% lower than the national average.
The cost of housing in Sweetwater is 17% 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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Salary Calculator

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

The salary calculator is used in order to provide a comparison of your current salary in Sweetwater, FL to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Sweetwater, FL, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Sweetwater, FL salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$43,187	$3,599	$1,008	$1,296
Renters	$28,258	$2,355	$659	$848

If you want to find a good determining factor for the cost of living and the general affordability of housing in Sweetwater, 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 Sweetwater, FL, the median monthly income is $43,187 for those who own their own homes. Under the standard rule, that income level would allow for $1,008 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $28,258, per the median income in the area. That would allow for renters to spend up to $659 on monthly rental expenses.

Florida Sales Tax

State	General Sales Tax	With Max Surtax
Florida	6%	7.5%

Florida Income Tax

State	Income Tax (Low)	Income Tax (High)
Florida	0%	0%

The Florida sales tax and Florida income tax rates should definitely be considered when determining the overall cost of living in Sweetwater, 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

Item	Sweetwater	National avg.	Difference
Haircut	$14.23	$16.09	11.5%
Beauty Salon	$72.00	$37.33	92.9%
Toothpaste	$2.23	$2.45	8.7%
Shampoo	$1.00	$1.00	0.3%
Movie	$12.60	$10.28	22.6%
Bowling	$6.09	$4.93	23.5%

Groceries

Item	Sweetwater	National avg.	Difference
Ground Beef	$4.15	$3.80	9.1%
Fried Chicken	$1.52	$1.40	8.6%
Milk	$2.65	$2.01	31.8%
Potatoes	$3.55	$3.01	17.9%
Pizza	$8.99	$9.89	9.1%
Beer	$9.62	$8.90	8.2%

Health Care

Item	Sweetwater	National avg.	Difference
Optometrist	$98.33	$102.16	3.7%
Doctor	$89.33	$108.36	17.6%
Dentist	$95.60	$92.53	3.3%
Ibuprofen	$11.09	$9.28	19.5%
Lipitor	$411.52	$425.82	3.4%

Housing

Item	Sweetwater	National avg.	Difference
Home Price	$118,100.00	$184,700.00	36.1%
Avg. Mortgage Payment	$1,457.49	$1,202.44	21.2%
Apartment Rent	$1,194.00	$949.00	25.8%

Transportation

Item	Sweetwater	National avg.	Difference
Gasoline	$2.47	$2.24	10.1%
Tire Balancing	$54.23	$46.29	17.1%

Utilities

Item	Sweetwater	National avg.	Difference
All Electricity	$159.36	$165.96	4.0%
Phone	$29.39	$28.68	2.5%

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, State	Population	Cost of Living Index	National Avg.
Fisher Island, FL	235	103	3%
Medley, FL	898	83	-17%
Pembroke Park, FL	6,259	90	-10%
Opa-locka, FL	16,245	91	-9%
Brownsville, FL	15,860	91	-9%
Sweetwater, FL	20,718	97	-3%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Lockport, NY	20,722	86	-14%
Hanahan, SC	20,710	105	5%
Liberal, KS	20,709	83	-17%
Lealman, FL	20,704	87	-13%
Piqua, OH	20,743	86	-14%
Sweetwater, FL	20,718	97	-3%

Source: The Sweetwater, FL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.

Sweetwater, FL Cost of Living