A+
3%
Overall NAT. AVG.
5%
Goods & Services NAT. AVG.
2%
Housing NAT. AVG.
Search Homes for Sale
Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; 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 Crestview Florida National
Cost of living9798100
Goods & Services10598100
Groceries9599100
Health care9496100
Housing9896100
Transportation8999100
Utilities8397100

An Overview of Cost of Living in Crestview, FL

Knowing the cost of living in Crestview allows individuals to create a realistic budget. This helps them understand how their income will cover expenses and whether they need to make financial adjustments. The cost of living in any region can fluctuate due to various factors. To assess the cost of living consistently across different areas, a national average of 100 serves as the basis for the cost of living index. The cost of living in Crestview stands at 97, marking it 3% lower than the national average.

The cost of living in Crestview is about average when compared to all other cities across the nation. You can expect that everyday items like food, goods and services and utility bills will be no more expensive than any other average city. Residents can anticipate living expenses that remain in line with the national average, ensuring a manageable financial burden, making it an attractive choice for those seeking affordability without the constraints of higher everyday expenditures.

Is Crestview Affordable?

Is Crestview affordable? This is a pivotal question, especially when mulling over a move, as affordability carries substantial weight in your decision-making process. Factors such as the cost of living index (discussed earlier), housing expenses and income levels all contribute to a location's affordability. For instance, in Crestview, the median home price is 7.3% lower than the national average and monthly rent prices are 9.2% higher than the typical rates. Additionally, the median income levels play a role in affordability, with Crestview boasting a median household income of $50,188, 9.3% lower than the national average.

What Factors can Influence the Cost of Living in Crestview?

Healthcare: Healthcare costs and insurance premiums can fluctuate greatly based on the city or state. Access to healthcare facilities, out-of-pocket expenses for doctor\’s visits, dentist costs, medication costs and specialized care costs can all impact the cost of living. In Crestview, the healthcare costs are 6.4% lower than the national average.

Urbanization: Larger, urban centers, known for their wealth of amenities and strong employment prospects, often exhibit an elevated cost of living, primarily attributable to the heightened demand for services and residential relocation. Consequently, this scenario leads to elevated home prices and higher rental rates. In contrast, sparsely populated rural areas or regions characterized by diminished demand typically provide a more limited array of amenities and experience slower job market growth, resulting in a more affordable cost of living.

Taxes: Locations with elevated tax rates, encompassing both sales and income taxes, can be a factor in driving up the cost of living. When you're paying more in taxes for everyday goods and services, it naturally translates into higher expenses. Similarly, a higher income tax rate can also contribute to an overall higher cost of living. In Crestview, the standard sales tax rate starts at 6%, and the income tax rates commence at 0%.

Where is the Data From?

The Crestview cost of living data displayed above is derived from the C2ER cost of living index to provide a useful and reasonably accurate measure of living cost differences in urban areas. The index takes into account data from 300 independent researches, covering more than 60 goods and services across 6 different categories, to create an overall index for each area, with 100 being the average. The C2ER index does not include sales or income tax rates in their data, however AreaVibes does include both income and sales tax rates in the overall cost of living score for each area.

New Real Estate Listings in Crestview Area
Search Homes for Sale in Crestview, FL

Cost Of Living Quick Facts

  • The cost of living in Crestview is 1% lower than the Florida average
  • The cost of living in Crestview is 3% lower than the national average
  • Crestview housing is 2% 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

Most Affordable Places to Live in and Around Crestview

See all the best places to live around Crestview

Compare Crestview, FL Cost of Living

      vs
      How would you rate the cost of living in Crestview?
      Write a review to give others more information about this area.
      Is the cost of living increasing or decreasing in Crestview?
      Write a review to give others more information about this area.
      See all Crestview poll results

      Salary Calculator

      This is how much you would need to earn in
      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$75,500$6,292$1,762$2,265
      Renters$36,684$3,057$856$1,101
      The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Crestview, FL, as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Crestview homeowners, is $75,500. This would allow for a maximum of $1,762 per month to be spent on housing costs. For renters, the median monthly income is $36,684 which would result in a maximum of $856 to be spent on rental 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 Crestview National avg. Difference
      Haircut $21.34$24.2612.0%
      Beauty Salon $52.41$45.5615.0%
      Toothpaste $3.71$3.700.3%
      Shampoo $1.17$1.288.4%
      Movie $12.99$12.137.1%
      Bowling $20.00$18.0011.1%

      Groceries

      Item Crestview National avg. Difference
      Ground Beef $6.17$5.845.7%
      Fried Chicken $1.67$1.576.2%
      Milk $4.50$4.673.8%
      Potatoes $5.20$4.935.4%
      Pizza $12.56$12.093.9%
      Beer $10.49$10.410.8%

      Health Care

      Item Crestview National avg. Difference
      Optometrist $107.95$125.6814.1%
      Doctor $106.49$135.7821.6%
      Dentist $113.85$113.290.5%
      Ibuprofen $10.06$10.655.6%
      Lipitor $510.84$468.609.0%

      Housing

      Item Crestview National avg. Difference
      Home Price $171,200.00$184,700.007.3%
      Avg. Mortgage Payment $1,585.50$2,346.6932.4%
      Apartment Rent $1,036.00$949.009.2%

      Transportation

      Item Crestview National avg. Difference
      Gasoline $3.20$3.467.5%
      Tire Balancing $47.55$59.9220.6%

      Utilities

      Item Crestview National avg. Difference
      All Electricity $142.23$193.9926.7%
      Phone $188.01$192.252.2%
      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 Population Cost of Living Index National Avg.
      Laurel Hill, FL5828514.5%
      Crestview, FL24,687972.8%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Westmont, IL24,67712019.6%
      Newport, RI24,69714544.9%
      Wright, FL24,6711000.2%
      Northdale, FL24,66011111.0%
      Staunton, VA24,660981.7%
      Crestview, FL24,687972.8%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.