Cheval, Florida Cost Of Living

Buy Rent

F

Overall 12%

Goods & Services 5%

Housing 45%

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	Cheval	Florida	National
Cost of living	112	99	100
Goods & Services	95	99	100
Groceries	104	105	100
Health care	103	100	100
Housing	145	96	100
Transportation	99	98	100
Utilities	90	102	100

Key findings

The cost of living in Cheval is 13% higher than the Florida average
The cost of living in Cheval is 12% higher than the national average
Cheval housing is 45% 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

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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	$97,656	$8,138	$2,278	$2,930
Renters	$42,452	$3,538	$990	$1,274

The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Cheval, FL, as well as what the overall cost of living might be. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payments and not more than 36 percent of income on all expenses and debts. In Cheval, homeowners have a median income of $97,656. Using that number, a maximum of $2,278 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $42,452, which means there is a maximum of $990 to be spent on the costs of renting a home or apartment.

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	Cheval	National avg.	Difference
Haircut	$14.30	$17.49	18.2%
Beauty Salon	$36.87	$38.17	3.4%
Toothpaste	$3.16	$2.32	36.2%
Shampoo	$1.01	$1.01	0.2%
Movie	$12.08	$10.72	12.6%
Bowling	$18.00	$13.86	29.9%

Groceries

Item	Cheval	National avg.	Difference
Ground Beef	$4.93	$3.90	26.4%
Fried Chicken	$1.79	$1.40	28.2%
Milk	$2.63	$1.96	34.0%
Potatoes	$3.79	$3.18	19.1%
Pizza	$9.99	$10.39	3.9%
Beer	$9.39	$9.23	1.7%

Health Care

Item	Cheval	National avg.	Difference
Optometrist	$82.00	$106.34	22.9%
Doctor	$114.00	$115.25	1.1%
Dentist	$113.30	$98.38	15.2%
Ibuprofen	$10.49	$9.26	13.3%
Lipitor	$425.48	$466.47	8.8%

Housing

Item	Cheval	National avg.	Difference
Home Price	$305,900.00	$184,700.00	65.6%
Avg. Mortgage Payment	$897.78	$1,273.32	29.5%
Apartment Rent	$935.00	$949.00	1.5%

Transportation

Item	Cheval	National avg.	Difference
Gasoline	$2.51	$2.59	3.3%
Tire Balancing	$52.46	$48.90	7.3%

Utilities

Item	Cheval	National avg.	Difference
All Electricity	$134.94	$167.60	19.5%
Phone	$186.69	$163.42	14.2%

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, State	Population	Cost of Living Index	National Avg.
Moon Lake, FL	4,708	81	-19%
New Port Richey, FL	15,503	83	-17%
Jasmine Estates, FL	19,744	84	-16%
Holiday, FL	20,451	84	-16%
Beacon Square, FL	6,971	84	-16%
Cheval, FL	10,645	112	12%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Gardnerville Ranchos, NV	10,646	110	10%
Groveland, FL	10,643	93	-7%
Annapolis Neck, MD	10,649	152	52%
Bedford Heights, OH	10,640	89	-11%
Madison Heights, VA	10,637	86	-14%
Cheval, FL	10,645	112	12%

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

Cheval, FL Cost of Living