West Park 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.
IndexWest ParkFloridaNational
Cost of living index9699100
IndexWest ParkFloridaNational
Goods & Services index10299100
Groceries index101102100
Health care index9697100
Housing index8395100
Transportation index107100100
Utilities index99103100
The above illustration supplies generalized information for the West Park, FL cost of living index. Compared to other cities in Florida and cities across the country, the cost of living index in West Park, FL is 96, which is 3% lower than the Florida average and 4% 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 West Park, FL are 3% higher than the average for Florida and 2% higher than the rest of the country.

Did you know?

  • The cost of living in West Park is 3% lower than the Florida average.
  • The cost of living in West Park is 4% lower than the national average.
  • The cost of housing in West Park is 17% 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 West Park, FL Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
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Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator is used in order to provide a comparison of your current salary in West Park, 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 West Park, FL, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the West Park, 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$46,333$3,861$1,081$1,390
Renters$30,087$2,507$702$903
A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in West Park, FL, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. West Park, FL has a median income of about $46,333 for people who own homes. Based on that number, a person should spend a maximum of $1,081 on expenses related to housing. Renters have a slightly different median income, which is $30,087. Based on this average, renters should spend no more than $702 on all of their rental costs if they want to maintain a non-impoverished standard of living.

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 West Park, 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

ItemWest ParkNational avg.Difference
Haircut $16.72$15.567.4%
Beauty Salon $55.45$36.1153.6%
Toothpaste $2.05$2.4717.1%
Shampoo $0.95$0.961.6%
Movie $11.23$10.1310.9%
Bowling $5.69$4.7420.2%

Groceries

ItemWest ParkNational avg.Difference
Ground Beef $4.89$3.9822.8%
Fried Chicken $1.23$1.4112.8%
Milk $2.48$2.0620.2%
Potatoes $3.09$2.983.5%
Pizza $8.99$9.475.1%
Beer $10.16$8.7915.5%

Health Care

ItemWest ParkNational avg.Difference
Optometrist $88.07$101.0412.8%
Doctor $83.34$107.4422.4%
Dentist $94.55$90.424.6%
Ibuprofen $11.13$9.2820.0%
Lipitor $408.84$426.504.1%

Housing

ItemWest ParkNational avg.Difference
Home Price $110,000.00$175,700.0037.4%
Avg. Mortgage Payment $1,629.35$1,133.2343.8%
Apartment Rent $1,207.00$920.0031.2%

Transportation

ItemWest ParkNational avg.Difference
Gasoline $2.04$1.992.4%
Tire Balancing $54.00$45.7618.0%

Utilities

ItemWest ParkNational avg.Difference
All Electricity$152.73$163.816.8%
Phone $30.33$28.396.9%
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.
Fisher Island, FL2401044%
Medley, FL94088-12%
Pembroke Park, FL6,22089-11%
Franklin Park, FL1,00090-10%
Brownsville, FL14,83592-8%
West Park, FL14,60496-4%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Lake Mary, FL14,60511010%
Lebanon, MO14,59583-17%
Addison, TX14,59411616%
Callaway, FL14,61789-11%
Rio Linda, CA14,5811099%
West Park, FL14,60496-4%
Source: The West Park, FL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.