| Index | Ives Estates | Florida | National |
| Cost of living | 109 | 102 | 100 |
| Groceries | 102 | 102 | 100 |
| Health care | 105 | 104 | 100 |
| Housing | 120 | 97 | 100 |
| Transportation | 100 | 103 | 100 |
| Utilities | 109 | 110 | 100 |
| Lifestyle & Entertainment | 103 | 104 | 100 |
| Household Items | 100 | 102 | 100 |
| Education & Childcare | 108 | 106 | 100 |
Knowing the cost of living in Ives Estates allows individuals to create a realistic budget. This helps them understand how their income will cover expenses and whether they need to make financial adjustments. The cost of living in any region can fluctuate due to various factors. To assess the cost of living consistently across different areas, a national average of 100 serves as the basis for the cost of living index. The cost of living in Ives Estates stands at 109, marking it 9% higher than the national average.
The cost of living in Ives Estates closely mirrors the national average in comparison to other cities nationwide. Essential items such as groceries, houshold expenses, health care and utilities are priced at a level consistent with similar urban areas. This means that residents of Ives Estates can anticipate that their daily expenses will remain reasonably in line with those of an average city, contributing to a manageable cost of living.
Housing costs are a major factor in the Ives Estates cost of living index, and they often eat up a big chunk of your take-home pay. Unfortunately, in this area, housing expenses for both homeownership and rentals were 20.3% higher than what's typical in an average city. That includes the prices of homes and rents, as well as mortgage rates and insurance.
Is Ives Estates 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 Ives Estates is 4.7% higher than the national average, while the average monthly rent prices are 56.6% higher than average. The affordability of any location can also be influenced by median income levels. Ives Estates has a median household income of $79,971, which is 1.7% lower than the national average.
Taxes: Regions that impose higher taxes, including sales and income taxes, can contribute to an increased cost of living. Higher taxes for everyday necessities such as clothing, utilities and food inevitably leads to higher expenditures. Additionally, a higher income tax rate can also play a role in elevating the overall cost of living. In Ives Estates, the prevailing sales tax rate starts at 6%, and income tax rates kick off at 0%.
Housing: When there's a high demand for housing in trendy places, it can cause property prices and rental rates to soar, leading to a significantly higher cost of living. Conversely, in less desirable locations, where demand is low, prices tend to decrease, resulting in a more budget-friendly cost of living. In Ives Estates, the housing index is 20.3% higher than the national average.
Groceries: Grocery costs have continued to increase significantly over the last 2-3 years. In some markets the cost of food has gone up by more than 20% in that period. While other markets have managed to see only a moderate uptick. These food costs can have a major impact on the cost of living in any area. In Ives Estates, the groceries index is 1.8% higher than the national average.
The cost of living data for Ives Estates shown above is based on a U.S. average baseline score of 100, making it easier to compare how far your dollar may go from one city to another. Housing uses U.S. Census home price and rental data, while all remaining values are AI-assisted estimates informed by regional pricing, climate, transportation dynamics, and local economic factors. These scores are best used for directional comparisons between cities.
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| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $100,123 | $8,344 | $2,336 | $3,004 |
| Renters | $60,743 | $5,062 | $1,417 | $1,822 |
| 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. |
| Medley, FL | 1,076 | 89 | 10.7% |
| Pembroke Park, FL | 6,970 | 89 | 11.0% |
| Lauderdale Lakes, FL | 37,351 | 98 | 1.6% |
| Franklin Park, FL | 1,602 | 99 | 1.2% |
| Gladeview, FL | 13,938 | 99 | 1.4% |
| Ives Estates, FL | 25,295 | 109 | 8.5% |
| City | Population | Cost of Living Index | National Avg. |
| Prince Edward County, ON | 25,289 | n/a | |
| Rockville Centre, NY | 25,303 | 170 | 69.6% |
| Wright, FL | 25,275 | 106 | 5.5% |
| Avon Lake, OH | 25,262 | 109 | 8.8% |
| Inkster, MI | 25,333 | 82 | 17.5% |
| Ives Estates, FL | 25,295 | 109 | 8.5% |
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