Land O' Lakes, FL Cost Of Living

Land O' Lakes cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
Index	Land O' Lakes	Florida	National
Cost of living index	104	99	100
Index	Land O' Lakes	Florida	National
Goods & Services index	97	99	100
Groceries index	100	105	100
Health care index	98	98	100
Housing index	110	96	100
Transportation index	106	100	100
Utilities index	116	103	100

An overview of the general cost of living index for Land O' Lakes, FL is displayed above for your reference. Residents in Land O' Lakes, FL enjoy a cost of living index of 104. This index is 5% higher than the Florida average, and 4% higher than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Land O' Lakes, FL, the average cost of goods and services is 2% lower than it is in Florida, and it is 3% lower than the national average.

Did you know?

The cost of living in Land O' Lakes is 5% higher than the Florida average.
The cost of living in Land O' Lakes is 4% higher than the national average.
The cost of housing in Land O' Lakes is 10% 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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Compare Land O' Lakes, FL Cost of living To Other Cities

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Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Use the salary calculator to compare your current income in Land O' Lakes, FL to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Land O' Lakes, FL, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Land O' Lakes, FL salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$75,431	$6,286	$1,760	$2,263
Renters	$55,321	$4,610	$1,291	$1,660

How much of your monthly income goes to housing can tell you whether or not you can afford housing in Land O' Lakes, FL, as well as what the average cost of living is. 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 payment and not more than 36 percent of income on all expenses and debts. In Land O' Lakes, FL homeowners have a median income of $75,431. Using that number, you will come up with a maximum of $1,760 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $55,321, which means there is a maximum of $1,291 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%

When assessing the complete cost of living in Land O' Lakes, FL, the Florida income tax and the Florida sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Florida maximum surtax is 7.5%, and the Florida sales tax is 6%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 0% to 0% in Florida.

Goods & Services

Item	Land O' Lakes	National avg.	Difference
Haircut	$13.87	$16.09	13.8%
Beauty Salon	$34.72	$37.33	7.0%
Toothpaste	$2.71	$2.45	10.6%
Shampoo	$1.01	$1.00	0.9%
Movie	$11.59	$10.28	12.7%
Bowling	$6.14	$4.93	24.5%

Groceries

Item	Land O' Lakes	National avg.	Difference
Ground Beef	$4.22	$3.80	11.0%
Fried Chicken	$1.42	$1.40	1.4%
Milk	$2.51	$2.01	25.0%
Potatoes	$3.63	$3.01	20.5%
Pizza	$9.19	$9.89	7.0%
Beer	$9.42	$8.90	5.9%

Health Care

Item	Land O' Lakes	National avg.	Difference
Optometrist	$88.81	$102.16	13.1%
Doctor	$110.98	$108.36	2.4%
Dentist	$92.29	$92.53	0.3%
Ibuprofen	$9.14	$9.28	1.5%
Lipitor	$394.89	$425.82	7.3%

Housing

Item	Land O' Lakes	National avg.	Difference
Home Price	$190,800.00	$184,700.00	3.3%
Avg. Mortgage Payment	$827.55	$1,202.44	31.2%
Apartment Rent	$1,207.00	$949.00	27.2%

Transportation

Item	Land O' Lakes	National avg.	Difference
Gasoline	$2.15	$2.24	4.0%
Tire Balancing	$58.96	$46.29	27.4%

Utilities

Item	Land O' Lakes	National avg.	Difference
All Electricity	$145.49	$165.96	12.3%
Phone	$43.34	$28.68	51.1%

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, State	Population	Cost of Living Index	National Avg.
Moon Lake, FL	4,708	85	-15%
Zephyrhills West, FL	4,856	86	-14%
Jasmine Estates, FL	19,744	87	-13%
Bayonet Point, FL	25,794	88	-12%
University, FL	43,871	88	-12%
Land O' Lakes, FL	35,122	104	4%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Prattville, AL	35,107	93	-7%
Orangevale, CA	35,084	124	24%
Kaneohe, HI	35,065	194	94%
Oregon City, OR	35,057	117	17%
Bettendorf, IA	35,048	102	2%
Land O' Lakes, FL	35,122	104	4%

Source: The Land O' Lakes, FL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.

Land O' Lakes, FL Cost of Living