Clearwater, Florida Cost Of Living

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C+

4%

Overall NAT. AVG.

6%

Goods & Services NAT. AVG.

7%

Housing NAT. AVG.

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Date & Last Updated: This data reflects 2022 and was released from C2ER in January, 2022; 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	Clearwater	Florida	National
Cost of living	96	99	100
Goods & Services	94	98	100
Groceries	103	106	100
Health care	96	99	100
Housing	93	96	100
Transportation	98	99	100
Utilities	98	105	100

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Key findings

The cost of living in Clearwater is 4% lower than the Florida average
The cost of living in Clearwater is 4% lower than the national average
Clearwater housing is 7% 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	$58,473	$4,873	$1,364	$1,754
Renters	$32,078	$2,673	$748	$962

The affordability of the housing market in Clearwater, FL as well as the overall cost of living can be predicted 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 be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Clearwater homeowners, the median income is $58,473. This indicates that a monthly maximum of $1,364 should be spent by homeowners on all housing related costs. Renters have a median income of $32,078. This indicates that renters would have a maximum of $748 for their rent related monthly costs.

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	Clearwater	National avg.	Difference
Haircut	$15.77	$20.27	22.2%
Beauty Salon	$35.05	$40.39	13.2%
Toothpaste	$2.97	$2.36	25.7%
Shampoo	$1.06	$1.08	1.5%
Movie	$11.64	$10.99	5.9%
Bowling	$16.33	$15.49	5.4%

Groceries

Item	Clearwater	National avg.	Difference
Ground Beef	$5.02	$4.30	16.8%
Fried Chicken	$1.67	$1.40	19.3%
Milk	$2.76	$2.20	25.3%
Potatoes	$3.28	$3.22	1.9%
Pizza	$10.16	$10.74	5.4%
Beer	$11.09	$9.60	15.5%

Health Care

Item	Clearwater	National avg.	Difference
Optometrist	$96.40	$109.73	12.1%
Doctor	$93.96	$118.34	20.6%
Dentist	$105.33	$100.94	4.4%
Ibuprofen	$11.42	$9.93	15.0%
Lipitor	$442.31	$469.53	5.8%

Housing

Item	Clearwater	National avg.	Difference
Home Price	$163,500.00	$184,700.00	11.5%
Avg. Mortgage Payment	$989.61	$1,229.62	19.5%
Apartment Rent	$970.00	$949.00	2.2%

Transportation

Item	Clearwater	National avg.	Difference
Gasoline	$2.54	$2.71	6.4%
Tire Balancing	$53.96	$51.86	4.1%

Utilities

Item	Clearwater	National avg.	Difference
All Electricity	$160.44	$170.84	6.1%
Phone	$192.30	$187.18	2.7%

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	Population	Cost of Living Index	National Avg.
Lealman, FL	20,704	83	16.7%
West Lealman, FL	16,235	85	15.4%
South Highpoint, FL	5,034	87	12.6%
Largo, FL	80,678	88	12.4%
Kenneth City, FL	5,048	88	11.7%
Clearwater, FL	111,747	96	4.4%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Westminster, CO	111,770	107	7.4%
Elgin, IL	111,919	104	4.1%
Thunder Bay, ON	111,499	n/a
Carlsbad, CA	112,008	175	74.6%
Rochester, MN	111,396	94	6.5%
Clearwater, FL	111,747	96	4.4%

Date & Last Updated: This data reflects 2022 and was released from C2ER in January, 2022; this is the most current data available.