| Index | Gateway | Florida | National |
| Cost of living | 121 | 102 | 100 |
| Groceries | 105 | 102 | 100 |
| Health care | 105 | 104 | 100 |
| Housing | 161 | 97 | 100 |
| Transportation | 102 | 103 | 100 |
| Utilities | 115 | 110 | 100 |
| Lifestyle & Entertainment | 100 | 104 | 100 |
| Household Items | 104 | 102 | 100 |
| Education & Childcare | 103 | 106 | 100 |
Are you thinking about relocating, but curious about the potential cost of living in Gateway? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Gateway stands at 121, making it 21% higher than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.
If you're in pursuit of an economical living environment, Gateway may not fit the bill, as it ranks among the most expensive places to reside in the United States. Just a minority of regions exhibit a cost of living that is more than 20% higher than the national average, and, unfortunately, Gateway falls within this bracket.
Housing costs are a major factor in the Gateway cost of living index, and they often eat up a big chunk of your take-home pay. Unfortunately, in this area, housing expenses for both homeownership and rentals were 60.8% higher than what's typical in an average city. That includes the prices of homes and rents, as well as mortgage rates and insurance.
Is Gateway an affordable place to live? That's a valid question to ask when you're thinking about moving to a new city. After all, how much it costs to live somewhere can be a huge factor in your decision. Affordability can be broken down into 3 common categories. The cost of living index (we talked about it earlier), housing expenses and income levels all play a big role in figuring out if a place is affordable. For instance, in Gateway, the median home price is 64.2% higher than what most folks pay across the country, and monthly rent prices are 53% higher than the usual rates. Income levels in Gateway come in at $122,405, which is 50.5% higher than the national average.
Healthcare: Healthcare costs and insurance premiums can undergo substantial fluctuations based on the city or state of residence. Elements such as the availability of healthcare facilities, out-of-pocket costs for medical consultations, dental expenses, prescription medication charges and specialized medical care fees all contribute to variations in the cost of living. In Gateway, healthcare costs are 5% higher than the national average.
Taxes: Areas with higher taxes, including sales taxes and income taxes, can contribute to a higher cost of living. Paying more tax for everyday household expenses like clothing and food will result in higher costs, as will paying a higher rate of income tax. The general sales tax rate in Gateway starts at 6% and the income tax rates start at 0%.
Urbanization: Larger, urban hubs brimming with ample amenities and robust employment opportunities often showcase a heightened cost of living. This surge is primarily attributed to the amplified demand for services and increased residential migration, culminating in elevated home prices and elevated rental rates. Conversely, less densely populated rural locales or regions characterized by reduced demand tend to offer a more limited array of amenities and undergo slower job market growth, ultimately yielding a more affordable cost of living.
The Gateway cost of living data displayed above uses a U.S. average baseline of 100 to provide a practical way to compare living expenses across cities. Housing estimates incorporate U.S. Census home price and rental data, while all other values are generated using AI-assisted models based on everyday expense expectations, regional pricing trends, climate, transportation patterns, and local economic conditions. These values are designed for 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 | $151,163 | $12,597 | $3,527 | $4,535 |
| Renters | $96,943 | $8,079 | $2,262 | $2,909 |
| 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. |
| Charleston Park, FL | 158 | 105 | 4.6% |
| Suncoast Estates, FL | 4,876 | 89 | 11.0% |
| North Fort Myers, FL | 43,810 | 92 | 7.5% |
| Tice, FL | 5,590 | 94 | 5.7% |
| Pine Manor, FL | 4,721 | 96 | 4.0% |
| Gateway, FL | 10,802 | 121 | 21.5% |
| City | Population | Cost of Living Index | National Avg. |
| Farmington, MI | 10,802 | 104 | 3.8% |
| Saint-Sauveur, QC | 10,802 | n/a | |
| Vermilion, OH | 10,808 | 90 | 9.6% |
| Saint-Raymond, QC | 10,809 | n/a | |
| Oak Hills, CA | 10,811 | 136 | 36.2% |
| Gateway, FL | 10,802 | 121 | 21.5% |
Here are the best places to live in Florida
Most Dangerous States In The US
See the best places to live in Gateway
Check out the 10 safest cities in Florida