Orlovista cost of living index

An overview of the general cost of living index for Orlovista, FL is displayed above for your reference. Residents in Orlovista, FL enjoy a cost of living index of 86. This index is 14% lower than the Florida average, and 14% lower than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Orlovista, FL, the average cost of goods and services is 4% lower than it is in Florida, and it is 5% lower than the national average.

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Salary Calculator

The salary calculator is meant to help you compare your salary in Orlovista, FL to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Orlovista, FL, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Orlovista, FL salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Orlovista, 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 Orlovista, FL homeowners, is $40,117. This would allow for a maximum of $936 per month to be spent on housing costs. For renters, the median monthly income is $26,183 which would result in a maximum of $611 to be spent on rental costs.

Florida Sales Tax

Florida Income Tax

When assessing the complete cost of living in Orlovista, FL, the Florida income tax and the Florida sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Florida maximum surtax is 7.5%, and the Florida sales tax is 6%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 0% to 0% in Florida.

Goods & Services

Groceries

Health Care

Housing

Transportation

Utilities

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.

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