Lauderhill, FL Cost Of Living

Lauderhill 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	Lauderhill	Florida	National
Cost of living index	94	99	100
Index	Lauderhill	Florida	National
Goods & Services index	103	99	100
Groceries index	104	105	100
Health care index	96	98	100
Housing index	73	96	100
Transportation index	113	100	100
Utilities index	98	103	100

Here we can see a simple outline of the cost of living in Lauderhill, FL. As you can see, with the average cost of living in Lauderhill, FL being 94, that puts it 5% lower than the average of Florida and 6% lower than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Lauderhill, FL, the price of goods and services are 4% higher than the average of Florida as well as 3% higher than the nation's average.

Did you know?

The cost of living in Lauderhill is 5% lower than the Florida average.
The cost of living in Lauderhill is 6% lower than the national average.
The cost of housing in Lauderhill is 27% 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 Lauderhill, FL Cost of living To Other Cities

Salary Calculator

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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

Using the salary calculator lets you compare the salary you earn in Lauderhill, FL to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Lauderhill, FL, you have to earn a higher income in order to still have the same standard of living. To operate the Lauderhill, FL salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$48,295	$4,025	$1,127	$1,449
Renters	$30,059	$2,505	$701	$902

How much of your monthly income goes to housing can tell you whether or not you can afford housing in Lauderhill, 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 Lauderhill, FL homeowners have a median income of $48,295. Using that number, you will come up with a maximum of $1,127 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $30,059, which means there is a maximum of $701 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 Lauderhill, 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	Lauderhill	National avg.	Difference
Haircut	$16.15	$16.09	0.4%
Beauty Salon	$61.89	$37.33	65.8%
Toothpaste	$2.40	$2.45	1.8%
Shampoo	$1.00	$1.00	0.4%
Movie	$11.36	$10.28	10.5%
Bowling	$8.74	$4.93	77.1%

Groceries

Item	Lauderhill	National avg.	Difference
Ground Beef	$4.36	$3.80	14.5%
Fried Chicken	$1.30	$1.40	6.7%
Milk	$2.49	$2.01	24.2%
Potatoes	$3.44	$3.01	14.1%
Pizza	$8.99	$9.89	9.1%
Beer	$9.39	$8.90	5.5%

Health Care

Item	Lauderhill	National avg.	Difference
Optometrist	$94.17	$102.16	7.8%
Doctor	$83.20	$108.36	23.2%
Dentist	$97.89	$92.53	5.8%
Ibuprofen	$11.35	$9.28	22.3%
Lipitor	$405.35	$425.82	4.8%

Housing

Item	Lauderhill	National avg.	Difference
Home Price	$103,700.00	$184,700.00	43.9%
Avg. Mortgage Payment	$1,898.18	$1,202.44	57.9%
Apartment Rent	$1,051.00	$949.00	10.7%

Transportation

Item	Lauderhill	National avg.	Difference
Gasoline	$2.36	$2.24	5.0%
Tire Balancing	$59.72	$46.29	29.0%

Utilities

Item	Lauderhill	National avg.	Difference
All Electricity	$159.36	$165.96	4.0%
Phone	$29.11	$28.68	1.5%

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.
Franklin Park, FL	1,039	90	-10%
Pembroke Park, FL	6,259	90	-10%
Lauderdale Lakes, FL	34,321	93	-7%
Watergate, FL	3,527	94	-6%
Washington Park, FL	1,479	94	-6%
Lauderhill, FL	70,452	94	-6%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Redlands, CA	70,442	127	27%
Passaic, NJ	70,536	123	23%
Franklin, TN	70,625	120	20%
Rock Hill, SC	70,251	93	-7%
Framingham, MA	70,743	138	38%
Lauderhill, FL	70,452	94	-6%

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

Lauderhill, FL Cost of Living