A+
13%
Overall NAT. AVG.
7%
Goods & Services NAT. AVG.
35%
Housing NAT. AVG.
Search Homes for Sale
Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; 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 Holiday Florida National
Cost of living8798100
Goods & Services9398100
Groceries10099100
Health care9296100
Housing6596100
Transportation10099100
Utilities9997100

An Overview of Cost of Living in Holiday, FL

Getting a feel for the cost of living in Holiday 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 Holiday is 87, which is 13% lower 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.

Is Holiday Affordable?

Is Holiday affordable? This is a pivotal question, especially when mulling over a move, as affordability carries substantial weight in your decision-making process. Factors such as the cost of living index (discussed earlier), housing expenses and income levels all contribute to a location's affordability. For instance, in Holiday, the median home price is 54.6% lower than the national average and monthly rent prices are 10.6% higher than the typical rates. Additionally, the median income levels play a role in affordability, with Holiday boasting a median household income of $37,256, 32.7% lower than the national average.

What Factors can Influence the Cost of Living in Holiday?

Healthcare: Healthcare expenditures and insurance premium rates can vary significantly, contingent upon the particular city or state. Factors such as the accessibility of healthcare facilities, out-of-pocket expenses for doctor's appointments, dental care charges, prescription medication costs, and expenses related to specialized medical care can all have an impact on the overall cost of living. In Holiday, healthcare costs are 8% lower than the national average.

Urbanization: Urban areas with a wealth of amenities and employment opportunities tend to come with a higher price tag for living. Why? Well, more people want to be there, which drives up home prices and rents. On the flip side, less densely populated rural areas or places where there's not as much demand usually mean fewer attractions, things to do and slower job growth. That often results in a lower cost of living.

Subsidies: Certain regions may provide government subsidies or assistance initiatives designed to alleviate the cost of living burden on their residents. These programs encompass a wide range of support mechanisms, such as Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farming subsidies. Areas with fewer subsidy offerings might experience an elevation in their cost of living.

Where is the Data From?

The Holiday cost of living data displayed above is derived from the C2ER cost of living index to provide a useful and reasonably accurate measure of living cost differences in urban areas. Published on a quarterly basis, it compiles data from more than 300 independent researchers, encompassing over 60 goods and services. These items have been meticulously selected to represent various consumer expenditure categories, in 6 categories. Weightings assigned to cost differentials draw from government survey data tracking spending patterns among professional and executive households. While the C2ER index excludes data on sales or income tax rates, AreaVibes incorporates tax rates into the overall cost of living score for each region.

New Real Estate Listings in Holiday Area
Search Homes for Sale in Holiday, FL

Cost Of Living Quick Facts

  • The cost of living in Holiday is 11% lower than the Florida average
  • The cost of living in Holiday is 13% lower than the national average
  • Holiday housing is 35% 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

Most Affordable Places to Live in and Around Holiday

See all the best places to live around Holiday

Compare Holiday, FL Cost of Living

      vs
      How would you rate the cost of living in Holiday?
      Write a review to give others more information about this area.
      Is the cost of living increasing or decreasing in Holiday?
      Write a review to give others more information about this area.
      See all Holiday poll results

      Salary Calculator

      This is how much you would need to earn in
      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$38,364$3,197$895$1,151
      Renters$36,058$3,005$841$1,082
      To approximate the cost of living and the housing affordability in Holiday, 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 Holiday have a median income of $38,364. Therefore, the amount that a consumer should spend on housing costs should be no more than $895 per month to avoid calamity and poverty. The renters in the city have an income of about $36,058, which would make their monthly maximum allowable rental costs $841.

      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 Holiday National avg. Difference
      Haircut $15.67$24.2635.4%
      Beauty Salon $54.72$45.5620.1%
      Toothpaste $3.67$3.700.8%
      Shampoo $1.48$1.2815.3%
      Movie $8.61$12.1329.1%
      Bowling $19.67$18.009.3%

      Groceries

      Item Holiday National avg. Difference
      Ground Beef $6.06$5.843.8%
      Fried Chicken $1.48$1.575.7%
      Milk $4.56$4.672.3%
      Potatoes $5.34$4.938.1%
      Pizza $8.38$12.0930.6%
      Beer $10.69$10.412.6%

      Health Care

      Item Holiday National avg. Difference
      Optometrist $146.67$125.6816.7%
      Doctor $122.32$135.789.9%
      Dentist $103.33$113.298.8%
      Ibuprofen $10.74$10.650.8%
      Lipitor $523.90$468.6011.8%

      Housing

      Item Holiday National avg. Difference
      Home Price $83,900.00$184,700.0054.6%
      Avg. Mortgage Payment $1,846.50$2,346.6921.3%
      Apartment Rent $1,050.00$949.0010.6%

      Transportation

      Item Holiday National avg. Difference
      Gasoline $3.42$3.461.0%
      Tire Balancing $57.28$59.924.4%

      Utilities

      Item Holiday National avg. Difference
      All Electricity $219.66$193.9913.2%
      Phone $194.37$192.251.1%
      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.
      Moon Lake, FL4,2348317.1%
      New Port Richey, FL16,5428713.0%
      Beacon Square, FL7,0318712.7%
      Bayonet Point, FL26,7048812.2%
      Elfers, FL12,9158811.7%
      Holiday, FL21,0068713.2%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Eustis, FL21,010955.1%
      Chambersburg, PA21,017991.4%
      Harvey, LA20,992955.3%
      Kuna, ID20,98511110.6%
      Lakeside, CA21,03214444.0%
      Holiday, FL21,0068713.2%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.