Ormond-by-the-Sea 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.
IndexOrmond-by-the-SeaFloridaNational
Cost of living index9599100
IndexOrmond-by-the-SeaFloridaNational
Goods & Services index9599100
Groceries index94105100
Health care index94100100
Housing index9496100
Transportation index10098100
Utilities index94102100
An overview of the general cost of living index for Ormond-by-the-Sea, FL is displayed above for your reference. Residents in Ormond-by-the-Sea, FL enjoy a cost of living index of 95. This index is 4% lower than the Florida average, and 5% 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 Ormond-by-the-Sea, 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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Did you know?

  • The cost of living in Ormond-by-the-Sea is 4% lower than the Florida average.
  • The cost of living in Ormond-by-the-Sea is 5% lower than the national average.
  • The cost of housing in Ormond-by-the-Sea is 6% 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.

Compare Ormond-by-the-Sea, FL Cost of living To Other Cities

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Use the salary calculator to compare your current income in Ormond-by-the-Sea, FL to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Ormond-by-the-Sea, FL, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Ormond-by-the-Sea, FL salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$46,051$3,838$1,074$1,382
Renters$35,104$2,925$819$1,053
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Ormond-by-the-Sea, 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 Ormond-by-the-Sea, FL homeowners, is $46,051. This would allow for a maximum of $1,074 per month to be spent on housing costs. For renters, the median monthly income is $35,104 which would result in a maximum of $819 to be spent on rental costs.

Florida Sales Tax

StateGeneral Sales TaxWith Max Surtax
Florida6%7.5%

Florida Income Tax

StateIncome Tax (Low)Income Tax (High)
Florida0%0%
When you are determining the total cost of living in Ormond-by-the-Sea, 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

ItemOrmond-by-the-SeaNational avg.Difference
Haircut $21.25$17.4921.5%
Beauty Salon $32.00$38.1716.2%
Toothpaste $1.96$2.3215.6%
Shampoo $1.09$1.017.7%
Movie $11.93$10.7211.2%
Bowling $14.60$13.865.3%

Groceries

ItemOrmond-by-the-SeaNational avg.Difference
Ground Beef $4.31$3.9010.5%
Fried Chicken $1.39$1.400.4%
Milk $2.29$1.9616.7%
Potatoes $3.26$3.182.4%
Pizza $9.19$10.3911.6%
Beer $10.66$9.2315.5%

Health Care

ItemOrmond-by-the-SeaNational avg.Difference
Optometrist $65.75$106.3438.2%
Doctor $130.00$115.2512.8%
Dentist $75.60$98.3823.2%
Ibuprofen $10.22$9.2610.4%
Lipitor $494.25$466.476.0%

Housing

ItemOrmond-by-the-SeaNational avg.Difference
Home Price $164,200.00$184,700.0011.1%
Avg. Mortgage Payment $895.82$1,273.3229.6%
Apartment Rent $1,001.00$949.005.5%

Transportation

ItemOrmond-by-the-SeaNational avg.Difference
Gasoline $2.67$2.592.9%
Tire Balancing $47.95$48.901.9%

Utilities

ItemOrmond-by-the-SeaNational avg.Difference
All Electricity$147.88$167.6011.8%
Phone $185.04$163.4213.2%
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, StatePopulationCost of Living IndexNational Avg.
Holly Hill, FL11,83983-17%
Bunnell, FL2,79587-13%
South Daytona, FL12,47087-13%
Daytona Beach, FL64,10587-13%
Beverly Beach, FL40790-10%
Ormond-by-the-Sea, FL7,69095-5%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Ancient Oaks, PA7,68911515%
Long Branch, VA7,69214747%
Butner, NC7,69288-12%
Oakdale, LA7,69377-23%
Hubbard, OH7,68685-15%
Ormond-by-the-Sea, FL7,69095-5%
Source: The Ormond-by-the-Sea, FL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.
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