C-
Overall 2%
Goods & Services 14%
Housing 18%
Date & Last Updated: This data reflects 2019 and was released from C2ER in January, 2020; 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.
IndexKensington ParkFloridaNational
Cost of living10299100
Goods & Services11499100
Groceries120105100
Health care117100100
Housing8296100
Transportation9298100
Utilities106102100

Key findings

  • The cost of living in Kensington Park is 3% higher than the Florida average
  • The cost of living in Kensington Park is 2% higher than the national average
  • Kensington Park housing is 18% 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 Kensington Park

See all the best places to live around Kensington Park

Compare Kensington Park, FL Cost of Living

      vs
      How would you rate the cost of living in Kensington Park?
      Write a review to give others more information about this area.
      Is the cost of living increasing or decreasing in Kensington Park?
      Write a review to give others more information about this area.
      See all Kensington Park 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 IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      Owners$48,850$4,071$1,140$1,466
      Renters$34,891$2,908$814$1,047
      The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Kensington Park, 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 Kensington Park homeowners, is $48,850. This would allow for a maximum of $1,140 per month to be spent on housing costs. For renters, the median monthly income is $34,891 which would result in a maximum of $814 to be spent on rental costs.

      Florida Sales Tax

      StateGeneral Sales TaxWith Max Surtax
      Florida6%7.5%

      Florida Income Tax

      StateIncome Tax (Low)Income Tax (High)
      Florida0%0%

      Goods & Services

      ItemKensington ParkNational avg.Difference
      Haircut $14.11$17.4919.3%
      Beauty Salon $34.84$38.178.7%
      Toothpaste $4.10$2.3276.4%
      Shampoo $0.96$1.015.5%
      Movie $8.73$10.7218.6%
      Bowling $3.21$13.8676.8%

      Groceries

      ItemKensington ParkNational avg.Difference
      Ground Beef $5.07$3.9030.1%
      Fried Chicken $1.72$1.4023.0%
      Milk $2.93$1.9649.1%
      Potatoes $3.80$3.1819.4%
      Pizza $8.55$10.3917.7%
      Beer $8.91$9.233.4%

      Health Care

      ItemKensington ParkNational avg.Difference
      Optometrist $114.72$106.347.9%
      Doctor $154.87$115.2534.4%
      Dentist $94.94$98.383.5%
      Ibuprofen $11.31$9.2622.1%
      Lipitor $443.12$466.475.0%

      Housing

      ItemKensington ParkNational avg.Difference
      Home Price $121,600.00$184,700.0034.2%
      Avg. Mortgage Payment $1,242.95$1,273.322.4%
      Apartment Rent $1,148.00$949.0021.0%

      Transportation

      ItemKensington ParkNational avg.Difference
      Gasoline $2.29$2.5911.8%
      Tire Balancing $32.86$48.9032.8%

      Utilities

      ItemKensington ParkNational avg.Difference
      All Electricity$153.91$167.608.2%
      Phone $34.98$163.4278.6%
      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, StatePopulationCost of Living IndexNational Avg.
      South Bradenton, FL24,42892-8%
      West Samoset, FL6,83693-7%
      Bayshore Gardens, FL19,40994-6%
      Samoset, FL4,24396-4%
      North Sarasota, FL8,41296-4%
      Kensington Park, FL4,3201022%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      Isle of Palms, SC4,32017575%
      Magnolia, NJ4,3211033%
      Dexter, MI4,31911010%
      Amite City, LA4,32185-15%
      Black Diamond, WA4,32113737%
      Kensington Park, FL4,3201022%
      Source: The Kensington Park, FL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.