| Index | Doctor Phillips | Florida | National |
| Cost of living | 135 | 102 | 100 |
| Groceries | 103 | 102 | 100 |
| Health care | 103 | 104 | 100 |
| Housing | 209 | 97 | 100 |
| Transportation | 104 | 103 | 100 |
| Utilities | 112 | 110 | 100 |
| Lifestyle & Entertainment | 100 | 104 | 100 |
| Household Items | 102 | 102 | 100 |
| Education & Childcare | 103 | 106 | 100 |
Knowing the cost of living in Doctor Phillips 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 Doctor Phillips stands at 135, marking it 35% higher than the national average.
If you value affordability in your search for a new place to live, Doctor Phillips may not be the most suitable option, as it stands out as one of the priciest areas in the entire United States. Only a small fraction of regions have a cost of living that is more than 20% higher than the national average, and regrettably, Doctor Phillips falls into this category, which may not align with your desire for an affordable place to call home.
Housing costs are a very significant part of the Doctor Phillips cost of living index and generally encompass a large percentage of take-home income. Unfortunately, in this area, the housing costs for both homes and rentals were 108.8% more than the average city. This includes things like home and rent prices, mortgage rates and insurance.
Is Doctor Phillips affordable? It's a key consideration when pondering a move, as affordability often shapes your choices. The cost of living index (we discussed it earlier), coupled with housing costs and income levels, serves as the cornerstone for determining a location's affordability. Take Doctor Phillips, for instance, where the median home price falls 109.7% higher than the national average, and monthly rent rates are 106.8% higher than usual. Additionally, median income levels contribute to the equation, with Doctor Phillips flaunting a median household income of $146,317, 79.9% higher than the national norm.
Subsidies: Certain cities or states may implement government subsidies or assistance programs with the goal of alleviating the cost of living pressures on their residents. These programs encompass a broad spectrum of support mechanisms, including Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farming subsidies. Areas offering fewer subsidies may experience a rise in their cost of living.
Taxes: Regions that impose higher taxes, including sales and income taxes, can contribute to an increased cost of living. Higher taxes for everyday necessities such as clothing, utilities and food inevitably leads to higher expenditures. Additionally, a higher income tax rate can also play a role in elevating the overall cost of living. In Doctor Phillips, the prevailing sales tax rate starts at 6%, and income tax rates kick off at 0%.
Utilities: Similar to the prices of any goods or services, utility expenses can fluctuate widely, contingent on variables such as climate, available energy sources, geographical location and state regulations. Costs associated with electricity, water, heating, and waste disposal can differ in magnitude, depending on the specific city or state. In Doctor Phillips, the utilities index registers at 11.8% higher than the national average.
The Doctor Phillips cost of living data above is designed around a U.S. average baseline of 100, allowing for easy comparisons of relative living costs. Housing incorporates U.S. Census home price and rental data, while all other figures are AI-assisted estimates that account for regional price trends, climate, transportation dynamics, and common everyday expenses. These values are best used as directional city-to-city comparisons.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $157,234 | $13,103 | $3,669 | $4,717 |
| Renters | $141,864 | $11,822 | $3,310 | $4,256 |
| State | General Sales Tax | With Max Surtax |
| Florida | 6% | 7.5% |
| State | Income Tax (Low) | Income Tax (High) |
| Florida | 0% | 0% |
| City | Population | Cost of Living Index | National Avg. |
| Tildenville, FL | 44 | 103 | 2.7% |
| Lake Buena Vista, FL | 4 | 104 | 3.6% |
| Lake Butler city, FL | 2,250 | 85 | 14.9% |
| Bay Lake, FL | 45 | 89 | 11.5% |
| Campbell, FL | 2,313 | 89 | 10.6% |
| Doctor Phillips, FL | 11,242 | 135 | 35.2% |
| City | Population | Cost of Living Index | National Avg. |
| Manchester, TN | 11,241 | 92 | 8.4% |
| Campton Hills, IL | 11,243 | 143 | 42.9% |
| Placerville, CA | 11,240 | 134 | 33.6% |
| Castle Pines, CO | 11,238 | 166 | 65.5% |
| Moncton, NB | 11,235 | n/a | |
| Doctor Phillips, FL | 11,242 | 135 | 35.2% |
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