Mulberry, FL Cost Of Living

Mulberry 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	Mulberry	Florida	National
Cost of living index	84	99	100
Index	Mulberry	Florida	National
Goods & Services index	97	99	100
Groceries index	100	105	100
Health care index	98	98	100
Housing index	44	96	100
Transportation index	106	100	100
Utilities index	116	103	100

A general summary of the cost of living index in Mulberry, FL is shown above. Compared to the state average of Florida the cost of living index in Mulberry, FL is 84, which is 15% lower than the average in Florida and compared to the national average it is 16% lower than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Mulberry, FL goods and services come in at 2% lower than the average in Florida and are 3% lower than compared to the nationwide average.

Did you know?

The cost of living in Mulberry is 15% lower than the Florida average.
The cost of living in Mulberry is 16% lower than the national average.
The cost of housing in Mulberry is 56% 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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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

The salary calculator is used in order to provide a comparison of your current salary in Mulberry, FL to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Mulberry, FL, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Mulberry, FL salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$38,977	$3,248	$909	$1,169
Renters	$33,427	$2,786	$780	$1,003

One can approximate the cost of living and the housing affordability in Mulberry, FL by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Mulberry, FL have a median income of $38,977. Therefore, the amount that a consumer should spend on housing costs should be no more than $909 per month to avoid calamity and poverty. The renters in the city have an income of about $33,427, which would make their monthly maximum allowable rental costs $780.

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%

For those who live in Mulberry, FL and want to know what the true cost of living is, they ought to look at both the Florida income tax rate and the Florida sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In Florida, the sales tax is 6%, while the most you'll pay in surtax is 7.5%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in Florida, the income tax rate ranges between 0% to 0%.

Goods & Services

Item	Mulberry	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	Mulberry	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	Mulberry	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	Mulberry	National avg.	Difference
Home Price	$48,500.00	$184,700.00	73.7%
Avg. Mortgage Payment	$827.55	$1,202.44	31.2%
Apartment Rent	$817.00	$949.00	13.9%

Transportation

Item	Mulberry	National avg.	Difference
Gasoline	$2.15	$2.24	4.0%
Tire Balancing	$58.96	$46.29	27.4%

Utilities

Item	Mulberry	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.
Bradley Junction, FL	377	81	-19%
Wahneta, FL	4,700	82	-18%
Combee Settlement, FL	6,462	85	-15%
Fort Meade, FL	5,883	85	-15%
Fussels Corner, FL	4,991	86	-14%
Mulberry, FL	3,925	84	-16%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Vineyards, FL	3,925	134	34%
Ridgway, PA	3,926	84	-16%
North Fort Lewis, WA	3,924	129	29%
West DeLand, FL	3,926	90	-10%
Hazlehurst, MS	3,927	81	-19%
Mulberry, FL	3,925	84	-16%

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

Mulberry, FL Cost of Living