Hutchinson Island South, Florida Cost Of Living

Buy Rent

D

Overall 8%

Goods & Services 4%

Housing 24%

Date & Last Updated: This data reflects 2022 and was released from C2ER in January, 2022; 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	Hutchinson Island South	Florida	National
Cost of living	108	99	100
Goods & Services	96	98	100
Groceries	105	106	100
Health care	105	99	100
Housing	124	96	100
Transportation	98	99	100
Utilities	114	105	100

Key findings

The cost of living in Hutchinson Island South is 9% higher than the Florida average
The cost of living in Hutchinson Island South is 8% higher than the national average
Hutchinson Island South housing is 24% 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	$50,888	$4,241	$1,187	$1,527
Renters	$41,136	$3,428	$960	$1,234

The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Hutchinson Island South, FL, as well as what the overall cost of living might be. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payments and not more than 36 percent of income on all expenses and debts. In Hutchinson Island South, homeowners have a median income of $50,888. Using that number, a maximum of $1,187 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $41,136, which means there is a maximum of $960 to be spent on the costs of renting a home or apartment.

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	Hutchinson Island South	National avg.	Difference
Haircut	$13.00	$20.27	35.9%
Beauty Salon	$50.11	$40.39	24.1%
Toothpaste	$2.35	$2.36	0.3%
Shampoo	$1.06	$1.08	1.5%
Movie	$8.87	$10.99	19.3%
Bowling	$14.28	$15.49	7.8%

Groceries

Item	Hutchinson Island South	National avg.	Difference
Ground Beef	$4.57	$4.30	6.3%
Fried Chicken	$1.84	$1.40	31.5%
Milk	$2.64	$2.20	19.7%
Potatoes	$4.00	$3.22	24.1%
Pizza	$9.74	$10.74	9.3%
Beer	$10.15	$9.60	5.7%

Health Care

Item	Hutchinson Island South	National avg.	Difference
Optometrist	$133.38	$109.73	21.6%
Doctor	$126.68	$118.34	7.0%
Dentist	$104.11	$100.94	3.1%
Ibuprofen	$10.41	$9.93	4.8%
Lipitor	$457.21	$469.53	2.6%

Housing

Item	Hutchinson Island South	National avg.	Difference
Home Price	$235,000.00	$184,700.00	27.2%
Avg. Mortgage Payment	$1,036.94	$1,229.62	15.7%
Apartment Rent	$1,106.00	$949.00	16.5%

Transportation

Item	Hutchinson Island South	National avg.	Difference
Gasoline	$2.66	$2.71	1.8%
Tire Balancing	$50.65	$51.86	2.3%

Utilities

Item	Hutchinson Island South	National avg.	Difference
All Electricity	$209.43	$170.84	22.6%
Phone	$191.55	$187.18	2.3%

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.
Ocean Breeze Park, FL	214	81	19.3%
Fort Pierce North, FL	7,365	85	15.0%
Fort Pierce South, FL	3,992	88	11.9%
River Park, FL	5,538	88	11.9%
Fort Pierce, FL	43,883	88	11.5%
Hutchinson Island South, FL	5,209	108	7.8%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Woodstock, VA	5,208	98	2.0%
Folkston, GA	5,210	84	16.0%
Williamson, AZ	5,207	132	31.9%
Montevideo, MN	5,207	92	8.0%
Cumberland, Subd. C, NS	5,206	n/a
Hutchinson Island South, FL	5,209	108	7.8%

Source: This data reflects 2021 and was released from C2ER in January, 2022; this is the most current data available.