Willow Oak 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.
IndexWillow OakFloridaNational
Cost of living index9099100
IndexWillow OakFloridaNational
Goods & Services index9299100
Groceries index98102100
Health care index9697100
Housing index7495100
Transportation index100100100
Utilities index114103100
Here we can see a simple outline of the cost of living in Willow Oak, FL. As you can see, with the average cost of living in Willow Oak, FL being 90, that puts it 8% lower than the average of Florida and 10% lower 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 Willow Oak, FL, the price of goods and services are 7% lower than the average of Florida as well as 8% lower than the nation's average.

Did you know?

  • The cost of living in Willow Oak is 8% lower than the Florida average.
  • The cost of living in Willow Oak is 10% lower than the national average.
  • The cost of housing in Willow Oak is 26% 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 Willow Oak, 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 Willow Oak, 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 Willow Oak, FL, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Willow Oak, 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$58,866$4,906$1,373$1,766
Renters$32,500$2,708$758$975
If you want to find a good determining factor for the cost of living and the general affordability of housing in Willow Oak, FL, all you must look at is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Willow Oak, FL, the median monthly income is $58,866 for those who own their own homes. Under the standard rule, that income level would allow for $1,373 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $32,500, per the median income in the area. That would allow for renters to spend up to $758 on monthly rental expenses.

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 Willow Oak, 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

ItemWillow OakNational avg.Difference
Haircut $13.63$15.5612.4%
Beauty Salon $34.41$36.114.7%
Toothpaste $2.30$2.477.1%
Shampoo $0.89$0.967.8%
Movie $10.04$10.130.9%
Bowling $5.29$4.7411.6%

Groceries

ItemWillow OakNational avg.Difference
Ground Beef $4.13$3.983.6%
Fried Chicken $1.38$1.411.9%
Milk $2.39$2.0616.0%
Potatoes $3.27$2.989.7%
Pizza $8.61$9.479.1%
Beer $9.36$8.796.4%

Health Care

ItemWillow OakNational avg.Difference
Optometrist $99.69$101.041.3%
Doctor $94.39$107.4412.1%
Dentist $87.08$90.423.7%
Ibuprofen $9.49$9.282.2%
Lipitor $425.69$426.500.2%

Housing

ItemWillow OakNational avg.Difference
Home Price $115,300.00$175,700.0034.4%
Avg. Mortgage Payment $759.70$1,133.2333.0%
Apartment Rent $849.00$920.007.7%

Transportation

ItemWillow OakNational avg.Difference
Gasoline $1.96$1.991.4%
Tire Balancing $46.52$45.761.7%

Utilities

ItemWillow OakNational avg.Difference
All Electricity$155.82$163.814.9%
Phone $39.95$28.3940.7%
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.
Bradley Junction, FL49481-19%
Mulberry, FL3,86482-18%
Fussels Corner, FL5,15283-17%
Crystal Lake, FL6,04985-15%
Fort Meade, FL5,74585-15%
Willow Oak, FL5,12790-10%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Lochbuie, CO5,12796-4%
Manchester, IA5,12688-12%
Richland Center, WI5,12890-10%
Niskayuna, NY5,12911212%
Hockinson, WA5,12912727%
Willow Oak, FL5,12790-10%
Source: The Willow Oak, FL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.