Groveland, FL Cost Of Living

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Groveland cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
Index	Groveland	Florida	National
Cost of living index	93	99	100
Index	Groveland	Florida	National
Goods & Services index	93	99	100
Groceries index	97	105	100
Health care index	89	100	100
Housing index	90	96	100
Transportation index	91	98	100
Utilities index	98	102	100

A general summary of the cost of living index in Groveland, FL is shown above. Compared to the state average of Florida the cost of living index in Groveland, FL is 93, which is 6% lower than the average in Florida and compared to the national average it is 7% lower than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Groveland, FL goods and services come in at 5% lower than the average in Florida and are 7% lower than compared to the nationwide average.

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Did you know?

The cost of living in Groveland is 6% lower than the Florida average.
The cost of living in Groveland is 7% lower than the national average.
The cost of housing in Groveland is 10% 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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Salary Calculator

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Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

The salary calculator allows you to compare how much your current salary in Groveland, FL would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Groveland, FL, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Groveland, FL salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$58,153	$4,846	$1,357	$1,745
Renters	$41,815	$3,485	$976	$1,255

The affordability of the housing market in Groveland, 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 Groveland, FL homeowners, the median income is $58,153. This indicates that a monthly maximum of $1,357 should be spent by homeowners on all housing related costs. Renters have a median income of $41,815. This indicates that renters should have a maximum of $976 used for their rent related monthly costs.

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%

When assessing the complete cost of living in Groveland, FL, the Florida income tax and the Florida sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Florida maximum surtax is 7.5%, and the Florida sales tax is 6%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 0% to 0% in Florida.

Goods & Services

Item	Groveland	National avg.	Difference
Haircut	$20.20	$17.49	15.5%
Beauty Salon	$44.00	$38.17	15.3%
Toothpaste	$1.62	$2.32	30.2%
Shampoo	$0.84	$1.01	17.0%
Movie	$11.39	$10.72	6.2%
Bowling	$14.14	$13.86	2.0%

Groceries

Item	Groveland	National avg.	Difference
Ground Beef	$4.73	$3.90	21.3%
Fried Chicken	$1.28	$1.40	8.3%
Milk	$2.04	$1.96	4.0%
Potatoes	$3.15	$3.18	1.0%
Pizza	$9.99	$10.39	3.9%
Beer	$9.99	$9.23	8.2%

Health Care

Item	Groveland	National avg.	Difference
Optometrist	$86.33	$106.34	18.8%
Doctor	$76.20	$115.25	33.9%
Dentist	$97.50	$98.38	0.9%
Ibuprofen	$9.09	$9.26	1.8%
Lipitor	$474.20	$466.47	1.7%

Housing

Item	Groveland	National avg.	Difference
Home Price	$144,400.00	$184,700.00	21.8%
Avg. Mortgage Payment	$985.05	$1,273.32	22.6%
Apartment Rent	$1,131.00	$949.00	19.2%

Transportation

Item	Groveland	National avg.	Difference
Gasoline	$2.46	$2.59	5.0%
Tire Balancing	$42.50	$48.90	13.1%

Utilities

Item	Groveland	National avg.	Difference
All Electricity	$161.23	$167.60	3.8%
Phone	$183.84	$163.42	12.5%

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, State	Population	Cost of Living Index	National Avg.
Okahumpka, FL	50	94	-6%
Ferndale, FL	510	94	-6%
Webster, FL	862	79	-21%
Center Hill, FL	1,051	84	-16%
Astatula, FL	1,629	84	-16%
Groveland, FL	10,643	93	-7%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Cheval, FL	10,645	112	12%
Bedford Heights, OH	10,640	89	-11%
Gardnerville Ranchos, NV	10,646	110	10%
Annapolis Neck, MD	10,649	152	52%
Madison Heights, VA	10,637	86	-14%
Groveland, FL	10,643	93	-7%

Source: The Groveland, FL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.

Groveland, FL Cost of Living