| Index | Goulds | Florida | National |
| Cost of living | 114 | 102 | 100 |
| Groceries | 102 | 102 | 100 |
| Health care | 106 | 104 | 100 |
| Housing | 136 | 97 | 100 |
| Transportation | 106 | 103 | 100 |
| Utilities | 108 | 110 | 100 |
| Lifestyle & Entertainment | 106 | 104 | 100 |
| Household Items | 100 | 102 | 100 |
| Education & Childcare | 109 | 106 | 100 |
Knowing the cost of living in Goulds allows individuals to create a realistic budget. This helps them understand how their income will cover expenses and whether they need to make financial adjustments. The cost of living in any region can fluctuate due to various factors. To assess the cost of living consistently across different areas, a national average of 100 serves as the basis for the cost of living index. The cost of living in Goulds stands at 114, marking it 14% higher than the national average.
Housing costs are a very significant part of the Goulds cost of living index and generally encompass a large percentage of take-home income. Unfortunately, in this area, the housing costs for both homes and rentals were 35.9% more than the average city. This includes things like home and rent prices, mortgage rates and insurance.
Wondering if Goulds is affordable? It's a question that often comes up when you're thinking about a new city since affordability can really shape your decisions. The cost of living index (covered earlier), housing expenses and income levels all play a part in the affordability equation. In Goulds, for example, the median home price is 48.2% higher than what folks pay nationally, and monthly rent is 7.2% higher than the usual rates. Plus, income levels matter too, with Goulds boasting a median household income of $64,605, which is 20.6% lower than the national average.
Utilities: Similar to the prices of any other goods or services, utility expenditures can exhibit substantial variability, influenced by factors such as climate, energy sources accessibility, geographical location and state regulations. Costs related to electricity, water, heating, and waste disposal can fluctuate, whether higher or lower, contingent on the city or state. In Goulds, the utilities index is 7.7% higher than the national average.
Taxes: Regions that impose higher taxes, including sales and income taxes, can contribute to an increased cost of living. Higher taxes for everyday necessities such as clothing, utilities and food inevitably leads to higher expenditures. Additionally, a higher income tax rate can also play a role in elevating the overall cost of living. In Goulds, the prevailing sales tax rate starts at 6%, and income tax rates kick off at 0%.
Transportation: In cities with limited or no public transportation, residents may find it necessary to own and maintain vehicles, thereby elevating the cost of living. Monthly expenditures include fuel, insurance, routine maintenance and potential lease or financing commitments. In Goulds, the transportation index stands at 5.9% higher than the national average.
The Goulds 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 | $88,699 | $7,392 | $2,070 | $2,661 |
| Renters | $42,726 | $3,561 | $997 | $1,282 |
| 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. |
| Homestead Base, FL | 748 | 105 | 4.9% |
| Florida City, FL | 12,235 | 104 | 4.1% |
| Sweetwater, FL | 21,673 | 107 | 6.9% |
| Naranja, FL | 12,720 | 109 | 9.4% |
| West Perrine, FL | 9,976 | 108 | 8.2% |
| Goulds, FL | 11,451 | 114 | 14.2% |
| City | Population | Cost of Living Index | National Avg. |
| Lake Grove, NY | 11,450 | 146 | 46.4% |
| Lower Burrell, PA | 11,450 | 96 | 4.1% |
| Middle Island, NY | 11,454 | 124 | 23.6% |
| Mack, OH | 11,454 | 105 | 5.3% |
| Garden City, SC | 11,443 | 97 | 3.0% |
| Goulds, FL | 11,451 | 114 | 14.2% |
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