Cost Of Living in Penney Farms, FL

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A+

5%

Overall NAT. AVG.

5%

Goods & Services NAT. AVG.

28%

Housing NAT. AVG.

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; 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	Penney Farms	Florida	National
Cost of living	105	98	100
Goods & Services	95	98	100
Groceries	99	99	100
Health care	86	96	100
Housing	128	96	100
Transportation	87	99	100
Utilities	101	97	100

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Cost Of Living Quick Facts

The cost of living in Penney Farms is 7% higher than the Florida average
The cost of living in Penney Farms is 5% higher than the national average
Penney Farms housing is 28% higher 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	$52,750	$4,396	$1,231	$1,583
Renters	$57,159	$4,763	$1,334	$1,715

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	Penney Farms	National avg.	Difference
Haircut	$20.91	$24.26	13.8%
Beauty Salon	$70.33	$45.56	54.4%
Toothpaste	$3.69	$3.70	0.3%
Shampoo	$1.43	$1.28	11.7%
Movie	$12.86	$12.13	6.0%
Bowling	$20.93	$18.00	16.3%

Groceries

Item	Penney Farms	National avg.	Difference
Ground Beef	$5.34	$5.84	8.6%
Fried Chicken	$1.47	$1.57	6.3%
Milk	$4.57	$4.67	2.3%
Potatoes	$5.44	$4.93	10.3%
Pizza	$10.39	$12.09	14.0%
Beer	$11.31	$10.41	8.6%

Health Care

Item	Penney Farms	National avg.	Difference
Optometrist	$86.60	$125.68	31.1%
Doctor	$100.93	$135.78	25.7%
Dentist	$102.03	$113.29	9.9%
Ibuprofen	$10.61	$10.65	0.4%
Lipitor	$447.41	$468.60	4.5%

Housing

Item	Penney Farms	National avg.	Difference
Home Price	$207,700.00	$184,700.00	12.5%
Avg. Mortgage Payment	$1,803.79	$2,346.69	23.1%
Apartment Rent	$1,544.00	$949.00	62.7%

Transportation

Item	Penney Farms	National avg.	Difference
Gasoline	$3.44	$3.46	0.5%
Tire Balancing	$34.43	$59.92	42.5%

Utilities

Item	Penney Farms	National avg.	Difference
All Electricity	$193.67	$193.99	0.2%
Phone	$194.82	$192.25	1.3%

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.
Bellair-Meadowbrook Terrace, FL	15,168	93	7.3%
Middleburg, FL	12,544	94	6.4%
Green Cove Springs, FL	8,283	96	4.5%
Keystone Heights, FL	1,488	96	4.4%
Lakeside, FL	31,058	96	3.7%
Penney Farms, FL	655	105	4.5%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Queen Valley, AZ	655	104	4.1%
Crooked Creek, GA	655	96	3.9%
Allendale, IL	655	82	18.2%
Hardin, MO	655	84	15.9%
Mohall, ND	655	89	11.1%
Penney Farms, FL	655	105	4.5%