The Crossings 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.
IndexThe CrossingsFloridaNational
Cost of living index115100100
IndexThe CrossingsFloridaNational
Goods & Services index106101100
Groceries index107105100
Health care index10497100
Housing index13495100
Transportation index117105100
Utilities index97102100
An overview of the general cost of living index for The Crossings, FL is displayed above for your reference. Residents in The Crossings, FL enjoy a cost of living index of 115. This index is 15% higher than the Florida average, and 15% higher than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in The Crossings, FL, the average cost of goods and services is 6% higher than it is in Florida, and it is 6% higher than the national average.

Did you know?

  • The cost of living in The Crossings is 15% higher than the Florida average.
  • The cost of living in The Crossings is 15% higher than the national average.
  • The cost of housing in The Crossings is 34% 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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Salary Calculator

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Cost of living index
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Groceries index
Health care index
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The salary calculator is used in order to provide a comparison of your current salary in The Crossings, 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 The Crossings, FL, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the The Crossings, 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 IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$67,786$5,649$1,582$2,034
Renters$52,076$4,340$1,215$1,562
The affordability of the housing market in The Crossings, FL as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among The Crossings, FL homeowners, the median income is $67,786. This indicates that a monthly maximum of $1,582 should be spent by homeowners on all housing related costs. Renters have a median income of $52,076. This indicates that renters should have a maximum of $1,215 used for their rent related monthly costs.

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 The Crossings, 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

ItemThe CrossingsNational 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

ItemThe CrossingsNational 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

ItemThe CrossingsNational 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

ItemThe CrossingsNational avg.Difference
Home Price $220,600.00$175,700.0025.6%
Avg. Mortgage Payment $1,310.50$1,081.0321.2%
Apartment Rent $1,402.00$920.0052.4%

Transportation

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

Utilities

ItemThe CrossingsNational 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.
Homestead Base, FL1,07080-20%
Medley, FL94090-10%
Brownsville, FL14,83593-7%
West Little River, FL31,22695-5%
Leisure City, FL24,12596-4%
The Crossings, FL24,31311515%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
South Salt Lake, UT24,31597-3%
Trotwood, OH24,32288-12%
Homer Glen, IL24,32212424%
Graham, WA24,33011616%
Coronado, CA24,333217117%
The Crossings, FL24,31311515%
Source: The The Crossings, FL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.