Kenneth City, Florida Cost Of Living

Buy Rent

B+

Overall 12%

Goods & Services 6%

Housing 32%

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	Kenneth City	Florida	National
Cost of living	88	99	100
Goods & Services	94	98	100
Groceries	103	106	100
Health care	96	99	100
Housing	68	96	100
Transportation	98	99	100
Utilities	98	105	100

Key findings

The cost of living in Kenneth City is 11% lower than the Florida average
The cost of living in Kenneth City is 12% lower than the national average
Kenneth City housing is 32% 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

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Compare Kenneth City, FL Cost of Living

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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	$46,375	$3,865	$1,082	$1,391
Renters	$32,656	$2,721	$762	$980

The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Kenneth City, FL, as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Kenneth City homeowners, is $46,375. This would allow for a maximum of $1,082 per month to be spent on housing costs. For renters, the median monthly income is $32,656 which would result in a maximum of $762 to be spent on rental costs.

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	Kenneth City	National avg.	Difference
Haircut	$15.77	$20.27	22.2%
Beauty Salon	$35.05	$40.39	13.2%
Toothpaste	$2.97	$2.36	25.7%
Shampoo	$1.06	$1.08	1.5%
Movie	$11.64	$10.99	5.9%
Bowling	$16.33	$15.49	5.4%

Groceries

Item	Kenneth City	National avg.	Difference
Ground Beef	$5.02	$4.30	16.8%
Fried Chicken	$1.67	$1.40	19.3%
Milk	$2.76	$2.20	25.3%
Potatoes	$3.28	$3.22	1.9%
Pizza	$10.16	$10.74	5.4%
Beer	$11.09	$9.60	15.5%

Health Care

Item	Kenneth City	National avg.	Difference
Optometrist	$96.40	$109.73	12.1%
Doctor	$93.96	$118.34	20.6%
Dentist	$105.33	$100.94	4.4%
Ibuprofen	$11.42	$9.93	15.0%
Lipitor	$442.31	$469.53	5.8%

Housing

Item	Kenneth City	National avg.	Difference
Home Price	$104,800.00	$184,700.00	43.3%
Avg. Mortgage Payment	$989.61	$1,229.62	19.5%
Apartment Rent	$901.00	$949.00	5.1%

Transportation

Item	Kenneth City	National avg.	Difference
Gasoline	$2.54	$2.71	6.4%
Tire Balancing	$53.96	$51.86	4.1%

Utilities

Item	Kenneth City	National avg.	Difference
All Electricity	$160.44	$170.84	6.1%
Phone	$192.30	$187.18	2.7%

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.
Lealman, FL	20,704	83	16.7%
West Lealman, FL	16,235	85	15.4%
South Highpoint, FL	5,034	87	12.6%
Largo, FL	80,678	88	12.4%
Ridgecrest, FL	3,120	88	11.6%
Kenneth City, FL	5,048	88	11.7%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Town and Country, WA	5,048	101	1.0%
Gretna, NE	5,047	96	4.1%
Orford, QC	5,049	n/a
Whitestown, IN	5,050	100	0.1%
Allegan, MI	5,051	79	20.9%
Kenneth City, FL	5,048	88	11.7%

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