Venice Gardens 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.
IndexVenice GardensFloridaNational
Cost of living index10199100
IndexVenice GardensFloridaNational
Goods & Services index10699100
Groceries index117102100
Health care index11697100
Housing index8995100
Transportation index88100100
Utilities index103103100
A general summary of the cost of living index in Venice Gardens, FL is shown above. Compared to the state average of Florida the cost of living index in Venice Gardens, FL is 101, which is 2% higher than the average in Florida and compared to the national average it is 1% 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 Venice Gardens, FL goods and services come in at 7% higher than the average in Florida and are 6% higher than compared to the nationwide average.

Did you know?

  • The cost of living in Venice Gardens is 2% higher than the Florida average.
  • The cost of living in Venice Gardens is 1% higher than the national average.
  • The cost of housing in Venice Gardens is 11% 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 Venice Gardens, FL Cost of living To Other Cities

Salary Calculator

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The salary calculator allows you to compare how much your current salary in Venice Gardens, FL would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Venice Gardens, FL, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Venice Gardens, FL salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$52,776$4,398$1,231$1,583
Renters$37,145$3,095$867$1,114
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Venice Gardens, 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 Venice Gardens, FL homeowners, is $52,776. This would allow for a maximum of $1,231 per month to be spent on housing costs. For renters, the median monthly income is $37,145 which would result in a maximum of $867 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%
When assessing the complete cost of living in Venice Gardens, FL, the Florida income tax and the Florida sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Florida maximum surtax is 7.5%, and the Florida sales tax is 6%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 0% to 0% in Florida.

Goods & Services

ItemVenice GardensNational avg.Difference
Haircut $15.26$15.562.0%
Beauty Salon $37.17$36.113.0%
Toothpaste $3.93$2.4758.9%
Shampoo $1.01$0.964.3%
Movie $9.98$10.131.5%
Bowling $4.09$4.7413.6%

Groceries

ItemVenice GardensNational avg.Difference
Ground Beef $5.00$3.9825.5%
Fried Chicken $1.58$1.4112.0%
Milk $2.76$2.0633.9%
Potatoes $4.83$2.9861.9%
Pizza $8.46$9.4710.7%
Beer $9.22$8.794.9%

Health Care

ItemVenice GardensNational avg.Difference
Optometrist $118.07$101.0416.8%
Doctor $152.81$107.4442.2%
Dentist $92.34$90.422.1%
Ibuprofen $11.12$9.2819.8%
Lipitor $442.67$426.503.8%

Housing

ItemVenice GardensNational avg.Difference
Home Price $144,200.00$175,700.0017.9%
Avg. Mortgage Payment $1,137.02$1,133.230.3%
Apartment Rent $981.00$920.006.6%

Transportation

ItemVenice GardensNational avg.Difference
Gasoline $2.01$1.990.7%
Tire Balancing $26.67$45.7641.7%

Utilities

ItemVenice GardensNational avg.Difference
All Electricity$145.57$163.8111.1%
Phone $34.98$28.3923.2%
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.
Warm Mineral Springs, FL5,45494-6%
Grove City, FL1,97594-6%
Nokomis, FL3,21896-4%
Englewood, FL14,36697-3%
North Port, FL58,58498-2%
Venice Gardens, FL7,3811011%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Fairview, GA7,38183-17%
Forest City, NC7,38786-14%
Auburn, GA7,38893-7%
Page, AZ7,37492-8%
Long Branch, VA7,38814545%
Venice Gardens, FL7,3811011%
Source: The Venice Gardens, FL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.