North River Shores, Florida Cost Of Living

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C

Overall 0%

Goods & Services 4%

Housing 2%

Date & Last Updated: This data reflects 2022 and was released from C2ER in January, 2022; 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	North River Shores	Florida	National
Cost of living	100	99	100
Goods & Services	96	98	100
Groceries	105	106	100
Health care	105	99	100
Housing	98	96	100
Transportation	98	99	100
Utilities	114	105	100

Key findings

The cost of living in North River Shores is 1% higher than the Florida average
The cost of living in North River Shores is equal to the national average
North River Shores housing is 2% 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	$58,045	$4,837	$1,354	$1,742
Renters	$25,861	$2,155	$603	$776

To approximate the cost of living and the housing affordability in North River Shores, FL, we can look at the percentage of income that is available to be spent on monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side, a consumer should not spend more than 28% of his or her gross income on housing-related expenses and costs and not more than 36% of income on all expenses and debts. Homeowners in North River Shores have a median income of $58,045. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,354 per month to avoid calamity and poverty. The renters in the city have an income of about $25,861, which would make their monthly maximum allowable rental costs $603.

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	North River Shores	National avg.	Difference
Haircut	$13.00	$20.27	35.9%
Beauty Salon	$50.11	$40.39	24.1%
Toothpaste	$2.35	$2.36	0.3%
Shampoo	$1.06	$1.08	1.5%
Movie	$8.87	$10.99	19.3%
Bowling	$14.28	$15.49	7.8%

Groceries

Item	North River Shores	National avg.	Difference
Ground Beef	$4.57	$4.30	6.3%
Fried Chicken	$1.84	$1.40	31.5%
Milk	$2.64	$2.20	19.7%
Potatoes	$4.00	$3.22	24.1%
Pizza	$9.74	$10.74	9.3%
Beer	$10.15	$9.60	5.7%

Health Care

Item	North River Shores	National avg.	Difference
Optometrist	$133.38	$109.73	21.6%
Doctor	$126.68	$118.34	7.0%
Dentist	$104.11	$100.94	3.1%
Ibuprofen	$10.41	$9.93	4.8%
Lipitor	$457.21	$469.53	2.6%

Housing

Item	North River Shores	National avg.	Difference
Home Price	$184,800.00	$184,700.00	0.1%
Avg. Mortgage Payment	$1,036.94	$1,229.62	15.7%
Apartment Rent	$883.00	$949.00	7.0%

Transportation

Item	North River Shores	National avg.	Difference
Gasoline	$2.66	$2.71	1.8%
Tire Balancing	$50.65	$51.86	2.3%

Utilities

Item	North River Shores	National avg.	Difference
All Electricity	$209.43	$170.84	22.6%
Phone	$191.55	$187.18	2.3%

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	Population	Cost of Living Index	National Avg.
Ocean Breeze Park, FL	214	81	19.3%
Indiantown, FL	5,921	88	12.4%
Fort Pierce South, FL	3,992	88	11.9%
River Park, FL	5,538	88	11.9%
Fort Pierce, FL	43,883	88	11.5%
North River Shores, FL	4,084	100	0.0%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Fleetwood, PA	4,084	96	3.6%
Bunkie, LA	4,083	85	15.0%
Cannon Falls, MN	4,085	99	0.9%
Weston, WV	4,085	80	19.7%
Indian River Shores, FL	4,082	164	63.6%
North River Shores, FL	4,084	100	0.0%

Source: This data reflects 2021 and was released from C2ER in January, 2022; this is the most current data available.