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.
IndexLochmoor Waterway EstatesFloridaNational
Cost of living index9999100
IndexLochmoor Waterway EstatesFloridaNational
Goods & Services index9499100
Groceries index108105100
Health care index10498100
Housing index10396100
Transportation index107100100
Utilities index84103100
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 99, which is equal to the Florida average and 1% lower 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 5% lower than the Florida average and 6% lower than the U.S. average.

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Did you know?

  • The cost of living in Lochmoor Waterway Estates is equal to the Florida average.
  • The cost of living in Lochmoor Waterway Estates is 1% lower 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.

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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 IncomePer YearPer MonthMax 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

StateGeneral Sales TaxWith Max Surtax
Florida6%7.5%

Florida Income Tax

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

ItemLochmoor Waterway EstatesNational avg.Difference
Haircut $18.00$16.0911.9%
Beauty Salon $22.67$37.3339.3%
Toothpaste $3.74$2.4552.7%
Shampoo $0.98$1.001.7%
Movie $7.26$10.2829.4%
Bowling $4.79$4.932.8%

Groceries

ItemLochmoor Waterway EstatesNational avg.Difference
Ground Beef $4.61$3.8021.2%
Fried Chicken $1.65$1.4018.4%
Milk $2.52$2.0125.5%
Potatoes $3.30$3.019.6%
Pizza $10.01$9.891.3%
Beer $9.25$8.904.0%

Health Care

ItemLochmoor Waterway EstatesNational avg.Difference
Optometrist $70.67$102.1630.8%
Doctor $113.75$108.365.0%
Dentist $98.87$92.536.9%
Ibuprofen $10.97$9.2818.2%
Lipitor $432.83$425.821.6%

Housing

ItemLochmoor Waterway EstatesNational avg.Difference
Home Price $192,600.00$184,700.004.3%
Avg. Mortgage Payment $1,056.44$1,202.4412.1%
Apartment Rent $957.00$949.000.8%

Transportation

ItemLochmoor Waterway EstatesNational avg.Difference
Gasoline $2.22$2.240.9%
Tire Balancing $56.97$46.2923.1%

Utilities

ItemLochmoor Waterway EstatesNational avg.Difference
All Electricity$158.92$165.964.2%
Phone $20.01$28.6830.2%
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, StatePopulationCost of Living IndexNational Avg.
Pine Manor, FL5,17579-21%
Suncoast Estates, FL4,48580-20%
Tice, FL4,66181-19%
North Fort Myers, FL40,64284-16%
Harlem Heights, FL1,29185-15%
Lochmoor Waterway Estates, FL4,64099-1%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Ligonier, IN4,64087-13%
Mount Ephraim, NJ4,6391066%
Sayre, OK4,64180-20%
Smithville, TN4,64386-14%
Nolanville, TX4,64388-12%
Lochmoor Waterway Estates, FL4,64099-1%
Source: The Lochmoor Waterway Estates, FL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.