Lochmoor Waterway Estates, Florida Cost Of Living

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D

Overall 6%

Goods & Services 9%

Housing 3%

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

Key findings

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
Lochmoor Waterway Estates housing 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

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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	$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 predicted 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 be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Lochmoor Waterway Estates 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 would have a maximum of $753 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%

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.

Nearby cities with low cost of living

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%

Cities with similar population

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

Source: The Lochmoor Waterway Estates, FL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.

Lochmoor Waterway Estates, FL Cost of Living

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