University 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.
IndexUniversityFloridaNational
Cost of living index86100100
IndexUniversityFloridaNational
Goods & Services index96101100
Groceries index99105100
Health care index9197100
Housing index5795100
Transportation index102105100
Utilities index103102100
The above illustration supplies generalized information for the University, FL cost of living index. Compared to other cities in Florida and cities across the country, the cost of living index in University, FL is 86, which is 14% lower than the Florida average and 14% lower than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in University, FL are 5% lower than the average for Florida and 4% lower than the rest of the country.

Did you know?

  • The cost of living in University is 14% lower than the Florida average.
  • The cost of living in University is 14% lower than the national average.
  • The cost of housing in University is 43% 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 University, 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 income in University, FL to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of University, FL, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the University, FL salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$44,383$3,699$1,036$1,332
Renters$20,808$1,734$485$624
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in University, FL as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for University, FL homeowners, is $44,383. This would allow for a maximum of $1,036 per month to be spent on housing costs. For renters, the median monthly income is $20,808 which would result in a maximum of $485 to be spent on rental costs.

Florida Sales Tax

StateGeneral Sales TaxWith Max Surtax
Florida6%7.5%

Florida Income Tax

StateIncome Tax (Low)Income Tax (High)
Florida0%0%
One thing to keep in mind when considering the cost of living in University, FL is the Florida sales tax and Florida income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The Florida sales tax rate is 6% and the maximum surtax that can be charged is 7.5%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The Florida income tax rates range from 0% to 0%.

Goods & Services

ItemUniversityNational avg.Difference
Haircut $14.10$14.593.4%
Beauty Salon $32.10$34.687.4%
Toothpaste $2.28$2.477.8%
Shampoo $1.00$1.022.2%
Movie $9.61$9.872.6%
Bowling $5.22$4.3918.9%

Groceries

ItemUniversityNational avg.Difference
Ground Beef $4.61$4.483.0%
Fried Chicken $1.51$1.463.1%
Milk $2.70$2.3614.6%
Potatoes $3.47$3.0613.3%
Pizza $8.49$9.248.1%
Beer $8.67$8.630.4%

Health Care

ItemUniversityNational avg.Difference
Optometrist $91.30$99.788.5%
Doctor $85.80$105.0318.3%
Dentist $75.44$88.7015.0%
Ibuprofen $9.44$9.410.3%
Lipitor $324.53$298.508.7%

Housing

ItemUniversityNational avg.Difference
Home Price $82,500.00$175,700.0053.0%
Avg. Mortgage Payment $774.61$1,081.0328.3%
Apartment Rent $751.00$920.0018.4%

Transportation

ItemUniversityNational avg.Difference
Gasoline $2.08$2.090.3%
Tire Balancing $48.65$45.297.4%

Utilities

ItemUniversityNational avg.Difference
All Electricity$160.88$170.805.8%
Phone $32.47$28.2614.9%
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.
Zephyrhills South, FL6,05981-19%
Zephyrhills West, FL5,37883-17%
East Lake-Orient Park, FL23,99588-12%
Mango, FL12,06289-11%
Dover, FL4,28489-11%
University, FL41,73286-14%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Urbana, IL41,76094-6%
South Valley, NM41,76090-10%
Hicksville, NY41,78414949%
Buffalo Grove, IL41,61312222%
Altamonte Springs, FL41,88995-5%
University, FL41,73286-14%
Source: The University, FL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.