New Port Richey, Florida Cost Of Living

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Overall 17%

Goods & Services 5%

Housing 51%

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	New Port Richey	Florida	National
Cost of living	83	99	100
Goods & Services	95	99	100
Groceries	104	105	100
Health care	103	100	100
Housing	49	96	100
Transportation	99	98	100
Utilities	90	102	100

Key findings

The cost of living in New Port Richey is 17% lower than the Florida average
The cost of living in New Port Richey is 17% lower than the national average
New Port Richey housing 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

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 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%

Goods & Services

Item	New Port Richey	National avg.	Difference
Haircut	$14.30	$17.49	18.2%
Beauty Salon	$36.87	$38.17	3.4%
Toothpaste	$3.16	$2.32	36.2%
Shampoo	$1.01	$1.01	0.2%
Movie	$12.08	$10.72	12.6%
Bowling	$18.00	$13.86	29.9%

Groceries

Item	New Port Richey	National avg.	Difference
Ground Beef	$4.93	$3.90	26.4%
Fried Chicken	$1.79	$1.40	28.2%
Milk	$2.63	$1.96	34.0%
Potatoes	$3.79	$3.18	19.1%
Pizza	$9.99	$10.39	3.9%
Beer	$9.39	$9.23	1.7%

Health Care

Item	New Port Richey	National avg.	Difference
Optometrist	$82.00	$106.34	22.9%
Doctor	$114.00	$115.25	1.1%
Dentist	$113.30	$98.38	15.2%
Ibuprofen	$10.49	$9.26	13.3%
Lipitor	$425.48	$466.47	8.8%

Housing

Item	New Port Richey	National avg.	Difference
Home Price	$65,000.00	$184,700.00	64.8%
Avg. Mortgage Payment	$897.78	$1,273.32	29.5%
Apartment Rent	$756.00	$949.00	20.3%

Transportation

Item	New Port Richey	National avg.	Difference
Gasoline	$2.51	$2.59	3.3%
Tire Balancing	$52.46	$48.90	7.3%

Utilities

Item	New Port Richey	National avg.	Difference
All Electricity	$134.94	$167.60	19.5%
Phone	$186.69	$163.42	14.2%

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.
Moon Lake, FL	4,708	81	-19%
Jasmine Estates, FL	19,744	84	-16%
Holiday, FL	20,451	84	-16%
Beacon Square, FL	6,971	84	-16%
Elfers, FL	13,375	84	-16%
New Port Richey, FL	15,503	83	-17%

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%
Lake Mary, FL	15,478	111	11%
Fullerton, PA	15,478	100	0%
Pacific Grove, CA	15,546	184	84%
New Port Richey, FL	15,503	83	-17%

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

New Port Richey, FL Cost of Living

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