Groveland cost of living index

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 96, which is 4% lower than the average in Florida and compared to the national average it is 4% 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 4% lower than the average in Florida and are 5% lower than compared to the nationwide average.

Find Real Estate Listings In Groveland

New Real Estate Listings In Groveland

Real Estate Listings In Groveland

The best places in Florida

Salary Calculator

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

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

Florida Income Tax

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

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.

Nearby cities with low cost of living

Cities with similar population

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