Cheval, FL Cost Of Living

Cheval 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.
Index	Cheval	Florida	National
Cost of living index	115	99	100
Index	Cheval	Florida	National
Goods & Services index	97	99	100
Groceries index	100	105	100
Health care index	98	98	100
Housing index	145	96	100
Transportation index	106	100	100
Utilities index	116	103	100

Displayed above is a general overview of the Cheval, FL cost of living index. The overall cost of living index in Cheval, FL is 115, which is 16% higher than the Florida average and 15% higher than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Cheval, FL are 2% lower than the Florida average and 3% lower than the national average.

Did you know?

The cost of living in Cheval is 16% higher than the Florida average.
The cost of living in Cheval is 15% higher than the national average.
The cost of housing in Cheval 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

Use the salary calculator to compare your current income in Cheval, 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 Cheval, FL, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Cheval, 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 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

How much of your monthly income goes to housing can tell you whether or not you can afford housing in Cheval, FL, as well as what the average cost of living is. 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 payment and not more than 36 percent of income on all expenses and debts. In Cheval, FL homeowners have a median income of $97,656. Using that number, you will come up with a maximum of $2,278 per month that can be spent on the cost of housing. 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%

When considering the overall cost of living expenses in Cheval, FL, it's important to take into account the sales tax for Florida, as well as the rate for income tax in Florida. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for Florida is 7.5%, and the sales tax in the state of Florida is 6%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in Florida starts from 0% and goes up to 0%.

Goods & Services

Item	Cheval	National avg.	Difference
Haircut	$13.87	$16.09	13.8%
Beauty Salon	$34.72	$37.33	7.0%
Toothpaste	$2.71	$2.45	10.6%
Shampoo	$1.01	$1.00	0.9%
Movie	$11.59	$10.28	12.7%
Bowling	$6.14	$4.93	24.5%

Groceries

Item	Cheval	National avg.	Difference
Ground Beef	$4.22	$3.80	11.0%
Fried Chicken	$1.42	$1.40	1.4%
Milk	$2.51	$2.01	25.0%
Potatoes	$3.63	$3.01	20.5%
Pizza	$9.19	$9.89	7.0%
Beer	$9.42	$8.90	5.9%

Health Care

Item	Cheval	National avg.	Difference
Optometrist	$88.81	$102.16	13.1%
Doctor	$110.98	$108.36	2.4%
Dentist	$92.29	$92.53	0.3%
Ibuprofen	$9.14	$9.28	1.5%
Lipitor	$394.89	$425.82	7.3%

Housing

Item	Cheval	National avg.	Difference
Home Price	$305,900.00	$184,700.00	65.6%
Avg. Mortgage Payment	$827.55	$1,202.44	31.2%
Apartment Rent	$935.00	$949.00	1.5%

Transportation

Item	Cheval	National avg.	Difference
Gasoline	$2.15	$2.24	4.0%
Tire Balancing	$58.96	$46.29	27.4%

Utilities

Item	Cheval	National avg.	Difference
All Electricity	$145.49	$165.96	12.3%
Phone	$43.34	$28.68	51.1%

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	85	-15%
New Port Richey, FL	15,503	86	-14%
Jasmine Estates, FL	19,744	87	-13%
Holiday, FL	20,451	87	-13%
Beacon Square, FL	6,971	87	-13%
Cheval, FL	10,645	115	15%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Gardnerville Ranchos, NV	10,646	110	10%
Groveland, FL	10,643	96	-4%
Annapolis Neck, MD	10,649	152	52%
Bedford Heights, OH	10,640	92	-8%
Madison Heights, VA	10,637	87	-13%
Cheval, FL	10,645	115	15%

Source: The Cheval, FL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.

Cheval, FL Cost of Living