Floral City, Florida Cost Of Living

A+

12%

Overall NAT. AVG.

9%

Goods & Services NAT. AVG.

43%

Housing NAT. AVG.

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	Floral City	Florida	National
Cost of living	88	99	100
Goods & Services	91	98	100
Groceries	97	106	100
Health care	95	99	100
Housing	57	96	100
Transportation	106	99	100
Utilities	135	105	100

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Cost Of Living Quick Facts

The cost of living in Floral City is 12% lower than the Florida average
The cost of living in Floral City is 12% lower than the national average
Floral City housing is 43% 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	$34,340	$2,862	$801	$1,030
Renters	$24,656	$2,055	$575	$740

To approximate the cost of living and the housing affordability in Floral City, FL, we can look at the percentage of income that is available to be spent on monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side, a consumer should not spend more than 28% of his or her gross income on housing-related expenses and costs and not more than 36% of income on all expenses and debts. Homeowners in Floral City have a median income of $34,340. Therefore, the amount that a consumer should spend on housing costs should be no more than $801 per month to avoid calamity and poverty. The renters in the city have an income of about $24,656, which would make their monthly maximum allowable rental costs $575.

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	Floral City	National avg.	Difference
Haircut	$20.75	$20.27	2.3%
Beauty Salon	$41.64	$40.39	3.1%
Toothpaste	$2.30	$2.36	2.7%
Shampoo	$0.98	$1.08	8.9%
Movie	$12.11	$10.99	10.2%
Bowling	$14.13	$15.49	8.8%

Groceries

Item	Floral City	National avg.	Difference
Ground Beef	$3.73	$4.30	13.3%
Fried Chicken	$1.43	$1.40	2.2%
Milk	$2.01	$2.20	8.9%
Potatoes	$3.20	$3.22	0.6%
Pizza	$8.75	$10.74	18.6%
Beer	$12.37	$9.60	28.9%

Health Care

Item	Floral City	National avg.	Difference
Optometrist	$89.27	$109.73	18.6%
Doctor	$106.52	$118.34	10.0%
Dentist	$100.44	$100.94	0.5%
Ibuprofen	$9.37	$9.93	5.6%
Lipitor	$462.29	$469.53	1.5%

Housing

Item	Floral City	National avg.	Difference
Home Price	$96,900.00	$184,700.00	47.5%
Avg. Mortgage Payment	$1,018.08	$1,229.62	17.2%
Apartment Rent	$657.00	$949.00	30.8%

Transportation

Item	Floral City	National avg.	Difference
Gasoline	$2.60	$2.71	4.2%
Tire Balancing	$63.50	$51.86	22.5%

Utilities

Item	Floral City	National avg.	Difference
All Electricity	$273.11	$170.84	59.9%
Phone	$191.68	$187.18	2.4%

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.
Istachatta, FL	245	101	0.7%
Lake Lindsey, FL	41	101	0.7%
Nobleton, FL	173	101	0.7%
Wiscon, FL	559	76	23.7%
Brooksville, FL	7,814	80	20.0%
Floral City, FL	5,152	88	12.3%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Bear Valley Springs, CA	5,152	117	17.1%
Oak Grove, TN	5,152	90	10.1%
Fruitland, MD	5,151	107	6.5%
Creswell, OR	5,154	109	8.5%
Bolivar, TN	5,154	78	21.9%
Floral City, FL	5,152	88	12.3%

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