Belleview, Florida Cost Of Living

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B+

Overall 12%

Goods & Services 5%

Housing 43%

Date & Last Updated: This data reflects 2019 and was released from C2ER in January, 2020; this is the most current data available.

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Belleview	Florida	National
Cost of living	88	99	100
Goods & Services	95	99	100
Groceries	104	105	100
Health care	99	100	100
Housing	57	96	100
Transportation	104	98	100
Utilities	119	102	100

Key findings

The cost of living in Belleview is 11% lower than the Florida average
The cost of living in Belleview is 12% lower than the national average
Belleview housing is 43% 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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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$42,421	$3,535	$990	$1,273
Renters	$21,120	$1,760	$493	$634

A good way to judge both the affordability of the housing and the cost of living in Belleview is by simply calculating the maximum that should be spent on housing, otherwise known as the debt-to-income ratio (DTI). The plan is to avoid spending more than 28 percent of the gross income on costs that pertain to housing and no more than 36 percent on all expenses and debts. Belleview has a median income of about $42,421 for people who own homes. Based on that number, a maximum of $990 should be spent on expenses related to housing. Renters have a slightly different median income, which is $21,120. Based on this average, renters should spend no more than $493 on all rental costs if they want to maintain a non-impoverished standard of living.

Florida Sales Tax

State	General Sales Tax	With Max Surtax
Florida	6%	7.5%

Florida Income Tax

State	Income Tax (Low)	Income Tax (High)
Florida	0%	0%

Goods & Services

Item	Belleview	National avg.	Difference
Haircut	$14.98	$17.49	14.3%
Beauty Salon	$38.00	$38.17	0.5%
Toothpaste	$3.55	$2.32	52.9%
Shampoo	$0.99	$1.01	2.5%
Movie	$11.30	$10.72	5.4%
Bowling	$4.85	$13.86	65.0%

Groceries

Item	Belleview	National avg.	Difference
Ground Beef	$4.17	$3.90	6.8%
Fried Chicken	$1.14	$1.40	18.2%
Milk	$2.42	$1.96	23.3%
Potatoes	$3.89	$3.18	22.1%
Pizza	$8.00	$10.39	23.0%
Beer	$8.41	$9.23	8.9%

Health Care

Item	Belleview	National avg.	Difference
Optometrist	$67.62	$106.34	36.4%
Doctor	$110.39	$115.25	4.2%
Dentist	$94.68	$98.38	3.8%
Ibuprofen	$9.19	$9.26	0.8%
Lipitor	$410.13	$466.47	12.1%

Housing

Item	Belleview	National avg.	Difference
Home Price	$89,900.00	$184,700.00	51.3%
Avg. Mortgage Payment	$1,151.91	$1,273.32	9.5%
Apartment Rent	$734.00	$949.00	22.7%

Transportation

Item	Belleview	National avg.	Difference
Gasoline	$2.32	$2.59	10.6%
Tire Balancing	$48.29	$48.90	1.2%

Utilities

Item	Belleview	National avg.	Difference
All Electricity	$170.08	$167.60	1.5%
Phone	$39.80	$163.42	75.6%

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, State	Population	Cost of Living Index	National Avg.
Silver Springs Shores, FL	7,929	88	-12%
Fruitland Park, FL	4,686	86	-14%
Ocala, FL	57,873	92	-8%
Lady Lake, FL	14,501	89	-11%
Wildwood, FL	6,776	97	-3%
Belleview, FL	4,689	88	-12%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Hunters Creek Village, TX	4,688	234	134%
Rio Communities, NM	4,688	92	-8%
West Milton, OH	4,690	89	-11%
Headland, AL	4,691	90	-10%
Mount Repose, OH	4,691	94	-6%
Belleview, FL	4,689	88	-12%

Source: The Belleview, FL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.

Belleview, FL Cost of Living

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