Fort Pierce North cost of living index

A general overview of the cost of living index for Fort Pierce North, FL is displayed above. In Fort Pierce North, FL, the overall cost of living index is 87, which is 12% lower than the Florida average and 13% lower 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 Fort Pierce North, FL, the city's goods and services are 1% higher than the Florida average and equal to the U.S. average.

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Salary Calculator

Use the salary calculator to compare your current salary in Fort Pierce North, 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 Fort Pierce North, FL, then you would need to earn more income in order to maintain the same standard of living. To use the Fort Pierce North, 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

The affordability of the housing market in Fort Pierce North, FL as well as the overall cost of living can be indicated accurately 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 ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Fort Pierce North, FL homeowners, the median income is $34,861. This indicates that a monthly maximum of $813 should be spent by homeowners on all housing related costs. Renters have a median income of $14,967. This indicates that renters should have a maximum of $349 used for their rent related monthly costs.

Florida Sales Tax

Florida Income Tax

One thing to keep in mind when considering the cost of living in Fort Pierce North, FL is the Florida sales tax and Florida income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The Florida sales tax rate is 6% and the maximum surtax that can be charged is 7.5%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The Florida income tax rates range from 0% to 0%.

Goods & Services

Groceries

Health Care

Housing

Transportation

Utilities

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.

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