Poinciana cost of living index

The above illustration supplies generalized information for the Poinciana, FL cost of living index. Compared to other cities in Florida and cities across the country, the cost of living index in Poinciana, FL is 95, which is 5% lower than the Florida average and 5% lower than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Poinciana, FL are 4% lower than the average for Florida and 5% lower than the rest of the country.

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Salary Calculator

The salary calculator allows you to compare how much your current salary in Poinciana, FL would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Poinciana, FL, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Poinciana, FL salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

How much of your monthly income goes to housing can tell you whether or not you can afford housing in Poinciana, FL, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Poinciana, FL homeowners have a median income of $44,143. Using that number, you will come up with a maximum of $1,030 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $31,643, which means there is a maximum of $738 to be spent on the costs of renting a home or apartment.

Florida Sales Tax

Florida Income Tax

When assessing the complete cost of living in Poinciana, 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 Poinciana, FL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.