Glenvar Heights, Florida Cost Of Living

Buy Rent

F

Overall 21%

Goods & Services 3%

Housing 57%

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	Glenvar Heights	Florida	National
Cost of living	121	99	100
Goods & Services	103	98	100
Groceries	121	106	100
Health care	104	99	100
Housing	157	96	100
Transportation	102	99	100
Utilities	102	105	100

Key findings

The cost of living in Glenvar Heights is 22% higher than the Florida average
The cost of living in Glenvar Heights is 21% higher than the national average
Glenvar Heights housing is 57% higher 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	$86,218	$7,185	$2,012	$2,587
Renters	$47,422	$3,952	$1,106	$1,423

To approximate the cost of living and the housing affordability in Glenvar Heights, 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 Glenvar Heights have a median income of $86,218. Therefore, the amount that a consumer should spend on housing costs should be no more than $2,012 per month to avoid calamity and poverty. The renters in the city have an income of about $47,422, which would make their monthly maximum allowable rental costs $1,106.

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	Glenvar Heights	National avg.	Difference
Haircut	$17.96	$20.27	11.4%
Beauty Salon	$74.42	$40.39	84.2%
Toothpaste	$2.12	$2.36	10.1%
Shampoo	$1.23	$1.08	14.3%
Movie	$14.08	$10.99	28.2%
Bowling	$21.60	$15.49	39.4%

Groceries

Item	Glenvar Heights	National avg.	Difference
Ground Beef	$4.97	$4.30	15.6%
Fried Chicken	$1.79	$1.40	27.7%
Milk	$3.36	$2.20	52.7%
Potatoes	$3.78	$3.22	17.5%
Pizza	$9.87	$10.74	8.1%
Beer	$11.31	$9.60	17.8%

Health Care

Item	Glenvar Heights	National avg.	Difference
Optometrist	$116.43	$109.73	6.1%
Doctor	$116.25	$118.34	1.8%
Dentist	$105.00	$100.94	4.0%
Ibuprofen	$12.16	$9.93	22.4%
Lipitor	$464.54	$469.53	1.1%

Housing

Item	Glenvar Heights	National avg.	Difference
Home Price	$312,000.00	$184,700.00	68.9%
Avg. Mortgage Payment	$1,442.61	$1,229.62	17.3%
Apartment Rent	$1,213.00	$949.00	27.8%

Transportation

Item	Glenvar Heights	National avg.	Difference
Gasoline	$2.72	$2.71	0.3%
Tire Balancing	$54.29	$51.86	4.7%

Utilities

Item	Glenvar Heights	National avg.	Difference
All Electricity	$172.59	$170.84	1.0%
Phone	$191.55	$187.18	2.3%

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.
Fisher Island, FL	235	106	5.9%
Homestead Base, FL	1,256	106	5.9%
Medley, FL	898	85	15.1%
Opa-locka, FL	16,245	93	7.3%
Brownsville, FL	15,860	93	6.7%
Glenvar Heights, FL	17,687	121	21.1%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Scarsdale, NY	17,684	268	168.0%
Wahiawa, HI	17,696	166	65.9%
Tiffin, OH	17,701	85	14.9%
Marion, IL	17,703	86	14.1%
Martha Lake, WA	17,703	141	40.9%
Glenvar Heights, FL	17,687	121	21.1%

Source: This data reflects 2021 and was released from C2ER in January, 2022; this is the most current data available.