Englewood, FL Cost Of Living

Englewood 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	Englewood	Florida	National
Cost of living index	102	99	100
Index	Englewood	Florida	National
Goods & Services index	114	99	100
Groceries index	120	105	100
Health care index	117	98	100
Housing index	81	96	100
Transportation index	92	100	100
Utilities index	106	103	100

A general overview of the cost of living index for Englewood, FL is displayed above. In Englewood, FL, the overall cost of living index is 102, which is 3% higher than the Florida average and 2% higher than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Englewood, FL, the city's goods and services are 15% higher than the Florida average and 14% higher than the U.S. average.

Did you know?

The cost of living in Englewood is 3% higher than the Florida average.
The cost of living in Englewood is 2% higher than the national average.
The cost of housing in Englewood is 19% 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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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 salary in Englewood, FL to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Englewood, FL, then you would need to earn more income in order to maintain the same standard of living. To use the Englewood, FL salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown 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	$47,966	$3,997	$1,119	$1,439
Renters	$31,401	$2,617	$733	$942

The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Englewood, 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 Englewood, FL homeowners, is $47,966. This would allow for a maximum of $1,119 per month to be spent on housing costs. For renters, the median monthly income is $31,401 which would result in a maximum of $733 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%

When considering the overall cost of living expenses in Englewood, 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	Englewood	National avg.	Difference
Haircut	$14.11	$16.09	12.3%
Beauty Salon	$34.84	$37.33	6.7%
Toothpaste	$4.10	$2.45	67.3%
Shampoo	$0.96	$1.00	4.4%
Movie	$8.73	$10.28	15.1%
Bowling	$3.21	$4.93	34.9%

Groceries

Item	Englewood	National avg.	Difference
Ground Beef	$5.07	$3.80	33.4%
Fried Chicken	$1.72	$1.40	22.9%
Milk	$2.93	$2.01	45.7%
Potatoes	$3.80	$3.01	26.2%
Pizza	$8.55	$9.89	13.5%
Beer	$8.91	$8.90	0.2%

Health Care

Item	Englewood	National avg.	Difference
Optometrist	$114.72	$102.16	12.3%
Doctor	$154.87	$108.36	42.9%
Dentist	$94.94	$92.53	2.6%
Ibuprofen	$11.31	$9.28	21.9%
Lipitor	$443.12	$425.82	4.1%

Housing

Item	Englewood	National avg.	Difference
Home Price	$145,200.00	$184,700.00	21.4%
Avg. Mortgage Payment	$1,242.95	$1,202.44	3.4%
Apartment Rent	$835.00	$949.00	12.0%

Transportation

Item	Englewood	National avg.	Difference
Gasoline	$2.29	$2.24	1.8%
Tire Balancing	$32.86	$46.29	29.0%

Utilities

Item	Englewood	National avg.	Difference
All Electricity	$153.91	$165.96	7.3%
Phone	$34.98	$28.68	21.9%

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.
Grove City, FL	1,998	98	-2%
Warm Mineral Springs, FL	5,038	98	-2%
Nokomis, FL	3,431	99	-1%
Port Charlotte, FL	58,001	91	-9%
North Port, FL	60,871	104	4%
Englewood, FL	14,786	102	2%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Gantt, SC	14,788	89	-11%
Greenwood, MS	14,780	80	-20%
Dixon, IL	14,802	83	-17%
Jacksonville, TX	14,803	83	-17%
Ammon, ID	14,767	95	-5%
Englewood, FL	14,786	102	2%

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

Englewood, FL Cost of Living