Lochmoor Waterway Estates, FL Cost Of Living

Livability

Livability score Score breakdown Commute times City comparison Best nearby cities Livability poll Reviews

Cost of living

Cost of living index Cost of living poll Did you know? City comparison Salary calculator State sales tax Cost of living breakdown Best nearby cities

Crime

Reported annual crime Crime poll Crime heat map Did you know? City comparison Daily crime Year over year crime Best nearby cities

Demographics

Demographics profile Did you know? City comparison Race breakdown Languages spoken Age breakdown Marital status

Employment

Employment information Employment poll Am I middle class? Did you know? City comparison Employment status Median earnings Best nearby cities

Real Estate

Homes for sale Market facts Home affordability Affordability calculator Mortgage calculator Demographics Best nearby cities

Rentals Schools Weather

Current weather Weather poll Average temperature Did you know? City comparison Air quality / pollution Heat index Montly precipitation Best nearby cities

Lochmoor Waterway Estates 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	Lochmoor Waterway Estates	Florida	National
Cost of living index	106	99	100
Index	Lochmoor Waterway Estates	Florida	National
Goods & Services index	109	99	100
Groceries index	111	105	100
Health care index	108	100	100
Housing index	103	96	100
Transportation index	108	98	100
Utilities index	97	102	100

A general overview of the cost of living index for Lochmoor Waterway Estates, FL is displayed above. In Lochmoor Waterway Estates, FL, the overall cost of living index is 106, which is 7% higher than the Florida average and 6% higher than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Lochmoor Waterway Estates, FL, the city's goods and services are 10% higher than the Florida average and 9% higher than the U.S. average.

Did you know?

The cost of living in Lochmoor Waterway Estates is 7% higher than the Florida average.
The cost of living in Lochmoor Waterway Estates is 6% higher than the national average.
The cost of housing in Lochmoor Waterway Estates is 3% 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.

The best places in Florida

Here are the best places to live in Florida

10 best cities to buy a new house in Florida

These are the 10 most affordable cities in Florida

Check out the 10 safest cities in Florida

Compare Lochmoor Waterway Estates, FL Cost of living To Other Cities

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

The salary calculator is meant to help you compare your salary in Lochmoor Waterway Estates, FL to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Lochmoor Waterway Estates, FL, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Lochmoor Waterway Estates, FL salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$60,132	$5,011	$1,403	$1,804
Renters	$32,283	$2,690	$753	$969

The affordability of the housing market in Lochmoor Waterway Estates, FL as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Lochmoor Waterway Estates, FL homeowners, the median income is $60,132. This indicates that a monthly maximum of $1,403 should be spent by homeowners on all housing related costs. Renters have a median income of $32,283. This indicates that renters should have a maximum of $753 used for their rent related monthly 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%

When assessing the complete cost of living in Lochmoor Waterway Estates, 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	Lochmoor Waterway Estates	National avg.	Difference
Haircut	$21.33	$17.49	22.0%
Beauty Salon	$23.67	$38.17	38.0%
Toothpaste	$2.05	$2.32	11.7%
Shampoo	$0.90	$1.01	11.1%
Movie	$12.89	$10.72	20.2%
Bowling	$18.67	$13.86	34.7%

Groceries

Item	Lochmoor Waterway Estates	National avg.	Difference
Ground Beef	$4.69	$3.90	20.3%
Fried Chicken	$1.89	$1.40	35.4%
Milk	$2.99	$1.96	52.4%
Potatoes	$3.89	$3.18	22.2%
Pizza	$11.18	$10.39	7.6%
Beer	$9.73	$9.23	5.4%

Health Care

Item	Lochmoor Waterway Estates	National avg.	Difference
Optometrist	$85.74	$106.34	19.4%
Doctor	$123.50	$115.25	7.2%
Dentist	$110.33	$98.38	12.1%
Ibuprofen	$11.34	$9.26	22.4%
Lipitor	$488.67	$466.47	4.8%

Housing

Item	Lochmoor Waterway Estates	National avg.	Difference
Home Price	$192,600.00	$184,700.00	4.3%
Avg. Mortgage Payment	$1,243.50	$1,273.32	2.3%
Apartment Rent	$957.00	$949.00	0.8%

Transportation

Item	Lochmoor Waterway Estates	National avg.	Difference
Gasoline	$2.69	$2.59	3.8%
Tire Balancing	$57.31	$48.90	17.2%

Utilities

Item	Lochmoor Waterway Estates	National avg.	Difference
All Electricity	$155.09	$167.60	7.5%
Phone	$185.04	$163.42	13.2%

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.

City, State	Population	Cost of Living Index	National Avg.
Pine Manor, FL	5,175	86	-14%
Suncoast Estates, FL	4,485	87	-13%
Tice, FL	4,661	88	-12%
North Fort Myers, FL	40,642	90	-10%
Harlem Heights, FL	1,291	92	-8%
Lochmoor Waterway Estates, FL	4,640	106	6%

City, State	Population	Cost of Living Index	National Avg.
Ligonier, IN	4,640	87	-13%
Sayre, OK	4,641	80	-20%
Mount Ephraim, NJ	4,639	104	4%
Smithville, TN	4,643	86	-14%
Nolanville, TX	4,643	88	-12%
Lochmoor Waterway Estates, FL	4,640	106	6%

Lochmoor Waterway Estates, FL Cost of Living