Tice 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.
IndexTiceFloridaNational
Cost of living index8499100
IndexTiceFloridaNational
Goods & Services index10299100
Groceries index104102100
Health care index9497100
Housing index4595100
Transportation index110100100
Utilities index90103100
A general summary of the cost of living index in Tice, FL is shown above. Compared to the state average of Florida the cost of living index in Tice, FL is 84, which is 14% lower than the average in Florida and compared to the national average it is 16% lower 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 Tice, FL goods and services come in at 3% higher than the average in Florida and are 2% higher than compared to the nationwide average.

Did you know?

  • The cost of living in Tice is 14% lower than the Florida average.
  • The cost of living in Tice is 16% lower than the national average.
  • The cost of housing in Tice is 55% 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 Tice, FL Cost of living To Other Cities

Salary Calculator

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Using the salary calculator lets you compare the salary you earn in Tice, FL to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Tice, FL, you have to earn a higher income in order to still have the same standard of living. To operate the Tice, FL salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$32,292$2,691$753$969
Renters$29,901$2,492$698$897
The affordability of the housing market in Tice, 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 Tice, FL homeowners, the median income is $32,292. This indicates that a monthly maximum of $753 should be spent by homeowners on all housing related costs. Renters have a median income of $29,901. This indicates that renters should have a maximum of $698 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%
When you are determining the total cost of living in Tice, FL you will want to make sure you consider both the Florida sales tax and the Florida income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Florida is 6%, with the highest surtax being 7.5%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Florida have a range from 0% to 0%.

Goods & Services

ItemTiceNational avg.Difference
Haircut $13.66$15.5612.2%
Beauty Salon $34.83$36.113.5%
Toothpaste $3.29$2.4733.1%
Shampoo $1.05$0.968.5%
Movie $9.99$10.131.4%
Bowling $7.25$4.7453.1%

Groceries

ItemTiceNational avg.Difference
Ground Beef $4.32$3.988.5%
Fried Chicken $1.34$1.414.8%
Milk $2.60$2.0626.0%
Potatoes $3.59$2.9820.5%
Pizza $8.49$9.4710.4%
Beer $9.03$8.792.6%

Health Care

ItemTiceNational avg.Difference
Optometrist $83.00$101.0417.9%
Doctor $98.59$107.448.2%
Dentist $79.17$90.4212.4%
Ibuprofen $9.60$9.283.5%
Lipitor $452.76$426.506.2%

Housing

ItemTiceNational avg.Difference
Home Price $52,100.00$175,700.0070.3%
Avg. Mortgage Payment $1,029.00$1,133.239.2%
Apartment Rent $744.00$920.0019.1%

Transportation

ItemTiceNational avg.Difference
Gasoline $1.96$1.991.5%
Tire Balancing $61.93$45.7635.3%

Utilities

ItemTiceNational avg.Difference
All Electricity$157.45$163.813.9%
Phone $23.33$28.3917.8%
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.
Charleston Park, FL2741011%
Palmona Park, FL1,26782-18%
Suncoast Estates, FL4,62983-17%
Pine Manor, FL4,36384-16%
North Fort Myers, FL39,14386-14%
Tice, FL4,24584-16%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Temple, GA4,24489-11%
Desert Edge, CA4,24488-12%
Castle Hills, TX4,2471022%
Watertown, MN4,2431000%
Hampstead, NC4,2471055%
Tice, FL4,24584-16%
Source: The Tice, FL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.