Ocala, Florida Cost Of Living

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B-

8%

Overall NAT. AVG.

9%

Goods & Services NAT. AVG.

28%

Housing NAT. AVG.

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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	Ocala	Florida	National
Cost of living	92	99	100
Goods & Services	91	98	100
Groceries	97	106	100
Health care	95	99	100
Housing	72	96	100
Transportation	106	99	100
Utilities	135	105	100

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Key findings

The cost of living in Ocala is 7% lower than the Florida average
The cost of living in Ocala is 8% lower than the national average
Ocala housing is 28% 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	$53,723	$4,477	$1,253	$1,612
Renters	$25,244	$2,104	$589	$757

A good way to judge both the affordability of the housing and the cost of living in Ocala is by simply calculating the maximum that should be spent on housing, otherwise known as the debt-to-income ratio (DTI). The plan is to avoid spending more than 28 percent of the gross income on costs that pertain to housing and no more than 36 percent on all expenses and debts. Ocala has a median income of about $53,723 for people who own homes. Based on that number, a maximum of $1,253 should be spent on expenses related to housing. Renters have a slightly different median income, which is $25,244. Based on this average, renters should spend no more than $589 on all rental costs if they want to maintain a non-impoverished standard of living.

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	Ocala	National avg.	Difference
Haircut	$20.75	$20.27	2.3%
Beauty Salon	$41.64	$40.39	3.1%
Toothpaste	$2.30	$2.36	2.7%
Shampoo	$0.98	$1.08	8.9%
Movie	$12.11	$10.99	10.2%
Bowling	$14.13	$15.49	8.8%

Groceries

Item	Ocala	National avg.	Difference
Ground Beef	$3.73	$4.30	13.3%
Fried Chicken	$1.43	$1.40	2.2%
Milk	$2.01	$2.20	8.9%
Potatoes	$3.20	$3.22	0.6%
Pizza	$8.75	$10.74	18.6%
Beer	$12.37	$9.60	28.9%

Health Care

Item	Ocala	National avg.	Difference
Optometrist	$89.27	$109.73	18.6%
Doctor	$106.52	$118.34	10.0%
Dentist	$100.44	$100.94	0.5%
Ibuprofen	$9.37	$9.93	5.6%
Lipitor	$462.29	$469.53	1.5%

Housing

Item	Ocala	National avg.	Difference
Home Price	$120,700.00	$184,700.00	34.7%
Avg. Mortgage Payment	$1,018.08	$1,229.62	17.2%
Apartment Rent	$819.00	$949.00	13.7%

Transportation

Item	Ocala	National avg.	Difference
Gasoline	$2.60	$2.71	4.2%
Tire Balancing	$63.50	$51.86	22.5%

Utilities

Item	Ocala	National avg.	Difference
All Electricity	$273.11	$170.84	59.9%
Phone	$191.68	$187.18	2.4%

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.
Reddick, FL	733	85	15.1%
Silver Springs Shores, FL	7,929	87	12.5%
Belleview, FL	4,689	88	12.4%
Ocala, FL	57,873	92	8.1%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Tonawanda, NY	57,844	88	12.1%
White Plains, NY	57,925	158	58.5%
Tamiami, FL	57,796	114	13.8%
Arcadia, CA	57,755	199	98.8%
Port Charlotte, FL	58,001	97	3.5%
Ocala, FL	57,873	92	8.1%

Date & Last Updated: This data reflects 2022 and was released from C2ER in January, 2022; this is the most current data available.