Vamo 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.
IndexVamoFloridaNational
Cost of living index102100100
IndexVamoFloridaNational
Goods & Services index104101100
Groceries index103105100
Health care index10897100
Housing index9895100
Transportation index103105100
Utilities index103102100
A general summary of the cost of living index in Vamo, FL is shown above. Compared to the state average of Florida the cost of living index in Vamo, FL is 102, which is 2% higher than the average in Florida and compared to the national average it is 2% 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 Vamo, FL goods and services come in at 4% higher than the average in Florida and are 4% higher than compared to the nationwide average.

Did you know?

  • The cost of living in Vamo is 2% higher than the Florida average.
  • The cost of living in Vamo is 2% higher than the national average.
  • The cost of housing in Vamo is 2% 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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Use the salary calculator to compare your current income in Vamo, 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 Vamo, FL, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Vamo, 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$51,274$4,273$1,196$1,538
Renters$44,259$3,688$1,033$1,328
One can approximate the cost of living and the housing affordability in Vamo, FL by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Vamo, FL have a median income of $51,274. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,196 per month to avoid calamity and poverty. The renters in the city have an income of about $44,259, which would make their monthly maximum allowable rental costs $1,033.

Florida Sales Tax

StateGeneral Sales TaxWith Max Surtax
Florida6%7.5%

Florida Income Tax

StateIncome Tax (Low)Income Tax (High)
Florida0%0%
For those who live in Vamo, FL and want to know what the true cost of living is, they ought to look at both the Florida income tax rate and the Florida sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In Florida, the sales tax is 6%, while the most you'll pay in surtax is 7.5%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in Florida, the income tax rate ranges between 0% to 0%.

Goods & Services

ItemVamoNational avg.Difference
Haircut $14.00$14.594.1%
Beauty Salon $38.25$34.6810.3%
Toothpaste $2.94$2.4718.9%
Shampoo $1.11$1.028.6%
Movie $9.54$9.873.3%
Bowling $4.50$4.392.5%

Groceries

ItemVamoNational avg.Difference
Ground Beef $4.89$4.489.2%
Fried Chicken $1.63$1.4611.3%
Milk $2.73$2.3615.8%
Potatoes $3.18$3.063.9%
Pizza $8.37$9.249.4%
Beer $9.75$8.6312.9%

Health Care

ItemVamoNational avg.Difference
Optometrist $119.33$99.7819.6%
Doctor $137.25$105.0330.7%
Dentist $79.20$88.7010.7%
Ibuprofen $10.09$9.417.2%
Lipitor $328.16$298.509.9%

Housing

ItemVamoNational avg.Difference
Home Price $163,100.00$175,700.007.2%
Avg. Mortgage Payment $1,157.56$1,081.037.1%
Apartment Rent $1,017.00$920.0010.5%

Transportation

ItemVamoNational avg.Difference
Gasoline $2.19$2.094.6%
Tire Balancing $44.50$45.291.7%

Utilities

ItemVamoNational avg.Difference
All Electricity$158.97$170.806.9%
Phone $32.85$28.2616.3%
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.
Bayshore Gardens, FL17,89990-10%
North Sarasota, FL7,54891-9%
Warm Mineral Springs, FL5,45493-7%
Nokomis, FL3,21894-6%
Kensington Park, FL4,22895-5%
Vamo, FL4,7521022%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Brookridge, FL4,75086-14%
Fox River Grove, IL4,74911414%
East Harwich, MA4,74914747%
Sheridan, AR4,74992-8%
Shaw Heights, CO4,7491022%
Vamo, FL4,7521022%
Source: The Vamo, FL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.