Westchase 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.
Cost of living index114100100
Goods & Services index96101100
Groceries index99105100
Health care index9197100
Housing index15295100
Transportation index102105100
Utilities index103102100
Here we can see a simple outline of the cost of living in Westchase, FL. As you can see, with the average cost of living in Westchase, FL being 114, that puts it 14% higher than the average of Florida and 14% higher than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Westchase, FL, the price of goods and services are 5% lower than the average of Florida as well as 4% lower than the nation's average.

Did you know?

  • The cost of living in Westchase is 14% higher than the Florida average.
  • The cost of living in Westchase is 14% higher than the national average.
  • The cost of housing in Westchase is 52% higher 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.

Find Real Estate Listings In Westchase


New Real Estate Listings In Westchase

Compare Westchase, FL Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
Price difference in compared to
Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
Use the salary calculator to compare your current income in Westchase, 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 Westchase, FL, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Westchase, 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)
The affordability of the housing market in Westchase, 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 Westchase, FL homeowners, the median income is $117,232. This indicates that a monthly maximum of $2,735 should be spent by homeowners on all housing related costs. Renters have a median income of $61,237. This indicates that renters should have a maximum of $1,429 used for their rent related monthly costs.

Florida Sales Tax

StateGeneral Sales TaxWith Max Surtax

Florida Income Tax

StateIncome Tax (Low)Income Tax (High)
For those who live in Westchase, 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

ItemWestchaseNational 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%


ItemWestchaseNational 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

ItemWestchaseNational 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%


ItemWestchaseNational avg.Difference
Home Price $274,400.00$175,700.0056.2%
Avg. Mortgage Payment $774.61$1,081.0328.3%
Apartment Rent $1,299.00$920.0041.2%


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


ItemWestchaseNational 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.
New Port Richey, FL15,06384-16%
Holiday, FL21,04986-14%
Beacon Square, FL6,64586-14%
University, FL41,73286-14%
Elfers, FL14,30186-14%
Westchase, FL22,89711414%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Wilmington, MA22,90714848%
New Castle, PA22,88374-26%
Avon Lake, OH22,8811088%
Maple Heights, OH22,88090-10%
Bloomingdale, FL22,8791066%
Westchase, FL22,89711414%
Source: The Westchase, FL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.