| Index | Highland City | Florida | National |
| Cost of living | 107 | 102 | 100 |
| Groceries | 104 | 102 | 100 |
| Health care | 107 | 104 | 100 |
| Housing | 107 | 97 | 100 |
| Transportation | 107 | 103 | 100 |
| Utilities | 110 | 110 | 100 |
| Lifestyle & Entertainment | 100 | 104 | 100 |
| Household Items | 104 | 102 | 100 |
| Education & Childcare | 113 | 106 | 100 |
Getting a feel for the cost of living in Highland City is essential for anyone planning to relocate, as it empowers them to make informed financial decisions, secure a comfortable lifestyle and maintain financial stability in their new environment. The cost of living in Highland City is 107, which is 7% higher than the national average. Relocating individuals may need to adjust their savings and investment strategies based on the cost of living in the new location. It influences decisions about retirement planning, investments and financial goals.
In Highland City, daily expenses such as food, housing, lifestyle expenses, transportation and health care are in line with comparable areas and about average when compared to all cities across the nation. This ensures that the cost of living in Highland City will resemble that of an average city, contributing to a manageable cost of living.
Is Highland City an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in Highland City is 1.1% higher than the national average, while the average monthly rent prices are 22.5% higher than average. The affordability of any location can also be influenced by median income levels. Highland City has a median household income of $101,144, which is 24.4% higher than the national average.
Groceries: Grocery prices have seen substantial hikes in the last 2-3 years, with some markets witnessing food cost increases of over 20% during this period. Conversely, certain markets have experienced only moderate upticks. These variations in food expenses can have a substantial impact on the overall cost of living in any locality. In Highland City, the groceries index is 4.2% 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 Highland City starts at 6% and the income tax rates start at 0%.
Housing: Elevated demand for housing within coveted locales has the propensity to escalate both property values and rental rates, thereby serving as a primary catalyst for an augmented cost of living. Conversely, areas witnessing diminished housing demand, particularly within less desirable environs, often experience an inversely proportional effect, leading to price reductions and subsequently contributing to a more modest cost of living. In Highland City, the housing index is 7.5% higher than the national average.
The Highland City cost of living data above is designed around a U.S. average baseline of 100, allowing for easy comparisons of relative living costs. Housing incorporates U.S. Census home price and rental data, while all other figures are AI-assisted estimates that account for regional price trends, climate, transportation dynamics, and common everyday expenses. These values are best used as 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 | $116,999 | $9,750 | $2,730 | $3,510 |
| Renters | $78,635 | $6,553 | $1,835 | $2,359 |
| 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. |
| Fussels Corner, FL | 4,949 | 87 | 13.4% |
| Wahneta, FL | 4,120 | 86 | 14.1% |
| Bradley Junction, FL | 727 | 88 | 12.2% |
| Mulberry, FL | 4,242 | 89 | 10.6% |
| Inwood, FL | 7,469 | 90 | 9.9% |
| Highland City, FL | 11,816 | 107 | 6.7% |
| City | Population | Cost of Living Index | National Avg. |
| Moncks Corner, SC | 11,816 | 102 | 2.0% |
| Cleveland, MS | 11,812 | 89 | 11.0% |
| Magalia, CA | 11,822 | 115 | 15.0% |
| Lovington, NM | 11,822 | 89 | 10.7% |
| Muscoy, CA | 11,809 | 126 | 26.0% |
| Highland City, FL | 11,816 | 107 | 6.7% |
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