Cost Of Living in Holmes Beach, FL

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F

49%

Overall NAT. AVG.

0%

Goods & Services NAT. AVG.

165%

Housing NAT. AVG.

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	Holmes Beach	Florida	National
Cost of living	149	98	100
Goods & Services	100	98	100
Groceries	101	99	100
Health care	103	96	100
Housing	265	96	100
Transportation	97	99	100
Utilities	100	97	100

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Cost Of Living Quick Facts

The cost of living in Holmes Beach is 53% higher than the Florida average
The cost of living in Holmes Beach is 49% higher than the national average
Holmes Beach housing is 165% higher 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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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	$74,185	$6,182	$1,731	$2,226
Renters	$49,468	$4,122	$1,154	$1,484

A good indicator of the general affordability of housing in Holmes Beach, FL, is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Holmes Beach, the median monthly income is $74,185 for those who own their own homes. Under the standard rule, that income level would allow for $1,731 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $49,468, per the median income in the area. That would allow for renters to spend up to $1,154 on monthly rental expenses.

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	Holmes Beach	National avg.	Difference
Haircut	$26.28	$24.26	8.3%
Beauty Salon	$41.57	$45.56	8.8%
Toothpaste	$3.67	$3.70	1.0%
Shampoo	$1.36	$1.28	6.5%
Movie	$13.08	$12.13	7.8%
Bowling	$16.72	$18.00	7.1%

Groceries

Item	Holmes Beach	National avg.	Difference
Ground Beef	$5.02	$5.84	14.0%
Fried Chicken	$1.48	$1.57	6.0%
Milk	$4.54	$4.67	2.8%
Potatoes	$5.47	$4.93	10.9%
Pizza	$10.96	$12.09	9.3%
Beer	$10.58	$10.41	1.6%

Health Care

Item	Holmes Beach	National avg.	Difference
Optometrist	$104.04	$125.68	17.2%
Doctor	$122.85	$135.78	9.5%
Dentist	$112.75	$113.29	0.5%
Ibuprofen	$10.35	$10.65	2.9%
Lipitor	$447.95	$468.60	4.4%

Housing

Item	Holmes Beach	National avg.	Difference
Home Price	$597,000.00	$184,700.00	223.2%
Avg. Mortgage Payment	$1,781.84	$2,346.69	24.1%
Apartment Rent	$1,216.00	$949.00	28.1%

Transportation

Item	Holmes Beach	National avg.	Difference
Gasoline	$3.56	$3.46	2.8%
Tire Balancing	$63.29	$59.92	5.6%

Utilities

Item	Holmes Beach	National avg.	Difference
All Electricity	$149.04	$193.99	23.2%
Phone	$193.01	$192.25	0.4%

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.
South Bradenton, FL	24,885	90	10.4%
Whitfield CDP (Santa Rosa County), FL	203	90	10.2%
Bayshore Gardens, FL	20,380	93	7.4%
West Samoset, FL	7,191	94	6.4%
Samoset, FL	4,701	94	5.7%
Holmes Beach, FL	4,276	149	49.5%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Mullins, SC	4,276	83	16.6%
Hugoton, KS	4,274	83	17.1%
Argyle, TX	4,278	161	61.2%
Prescott, WI	4,278	99	0.9%
North Okanagan F, BC	4,273	n/a
Holmes Beach, FL	4,276	149	49.5%