New Port Richey, FL Cost Of Living

New Port Richey 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	New Port Richey	Florida	National
Cost of living index	86	99	100
Index	New Port Richey	Florida	National
Goods & Services index	97	99	100
Groceries index	100	105	100
Health care index	98	98	100
Housing index	49	96	100
Transportation index	106	100	100
Utilities index	116	103	100

A general summary of the cost of living index in New Port Richey, FL is shown above. Compared to the state average of Florida the cost of living index in New Port Richey, FL is 86, which is 14% lower than the average in Florida and compared to the national average it is 14% 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 New Port Richey, 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 New Port Richey is 14% lower than the Florida average.
The cost of living in New Port Richey is 14% lower than the national average.
The cost of housing in New Port Richey is 51% 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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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 New Port Richey, 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 New Port Richey, FL, you have to earn a higher income in order to still have the same standard of living. To operate the New Port Richey, 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	$35,821	$2,985	$836	$1,075
Renters	$26,142	$2,179	$610	$784

The percent of monthly income spent on housing can be a good indicator of the affordability of housing in New Port Richey, FL as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for New Port Richey, FL homeowners, is $35,821. This would allow for a maximum of $836 per month to be spent on housing costs. For renters, the median monthly income is $26,142 which would result in a maximum of $610 to be spent on rental 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 you are determining the total cost of living in New Port Richey, FL you will want to make sure you consider both the Florida sales tax and the Florida income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Florida is 6%, with the highest surtax being 7.5%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Florida have a range from 0% to 0%.

Goods & Services

Item	New Port Richey	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	New Port Richey	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	New Port Richey	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	New Port Richey	National avg.	Difference
Home Price	$65,000.00	$184,700.00	64.8%
Avg. Mortgage Payment	$827.55	$1,202.44	31.2%
Apartment Rent	$756.00	$949.00	20.3%

Transportation

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

Utilities

Item	New Port Richey	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.
Moon Lake, FL	4,708	85	-15%
Jasmine Estates, FL	19,744	87	-13%
Holiday, FL	20,451	87	-13%
Beacon Square, FL	6,971	87	-13%
Elfers, FL	13,375	88	-12%
New Port Richey, FL	15,503	86	-14%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Fords, NJ	15,521	122	22%
Pinehurst, NC	15,522	112	12%
Fullerton, PA	15,478	100	0%
Lake Mary, FL	15,478	114	14%
Pacific Grove, CA	15,546	179	79%
New Port Richey, FL	15,503	86	-14%

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

New Port Richey, FL Cost of Living