| Index | Progress Village | Florida | National |
| Cost of living | 109 | 102 | 100 |
| Groceries | 100 | 102 | 100 |
| Health care | 107 | 104 | 100 |
| Housing | 122 | 97 | 100 |
| Transportation | 101 | 103 | 100 |
| Utilities | 110 | 110 | 100 |
| Lifestyle & Entertainment | 108 | 104 | 100 |
| Household Items | 100 | 102 | 100 |
| Education & Childcare | 101 | 106 | 100 |
Getting a feel for the cost of living in Progress Village is essential for anyone planning to relocate, as it empowers them to make informed financial decisions, secure a comfortable lifestyle and maintain financial stability in their new environment. The cost of living in Progress Village is 109, which is 9% higher than the national average. Relocating individuals may need to adjust their savings and investment strategies based on the cost of living in the new location. It influences decisions about retirement planning, investments and financial goals.
The cost of living in Progress Village closely mirrors the national average in comparison to other cities nationwide. Essential items such as groceries, houshold expenses, health care and utilities are priced at a level consistent with similar urban areas. This means that residents of Progress Village can anticipate that their daily expenses will remain reasonably in line with those of an average city, contributing to a manageable cost of living.
Housing costs are a very significant part of the Progress Village cost of living index and generally encompass a large percentage of take-home income. Unfortunately, in this area, the housing costs for both homes and rentals were 22.1% more than the average city. This includes things like home and rent prices, mortgage rates and insurance.
Is Progress Village affordable? It's a key consideration when pondering a move, as affordability often shapes your choices. The cost of living index (we discussed it earlier), coupled with housing costs and income levels, serves as the cornerstone for determining a location's affordability. Take Progress Village, for instance, where the median home price falls 7.2% higher than the national average, and monthly rent rates are 57.1% higher than usual. Additionally, median income levels contribute to the equation, with Progress Village flaunting a median household income of $94,960, 16.8% higher than the national norm.
Transportation: In situations where public transportation is limited or nonexistent, local residents may be required to own and maintain their own vehicles, contributing to an elevated cost of living. Monthly expenditures may encompass fuel costs, insurance premiums, routine vehicle upkeep and possibly lease or financing payments. In Progress Village, the transportation index is 1.1% higher than the national average.
Subsidies: Some cities and states may extend government subsidies or aid programs aimed at reducing the cost of living for their residents. These initiatives encompass diverse forms of support, including Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farm subsidies. Regions with limited subsidy provisions may witness an increase in their overall cost of living.
Taxes: Cities that enforce higher taxes, covering both sales taxes and income taxes, can be a factor contributing to a higher cost of living. Paying more in taxes for everyday essentials like clothing and food inevitably leads to higher expenses. A higher income tax rate can further contribute to an overall elevated cost of living. In Progress Village, the baseline sales tax rate begins at 6%, and income tax rates start at 0%.
The Progress Village cost of living estimates above use a normalized U.S. average of 100 as the baseline for comparison. Housing values incorporate local home price and rental information from the U.S. Census, while all other estimates are AI-assisted and modeled using expected everyday expenses, local market trends, climate, and transportation-related cost pressures. The results are intended for practical city-to-city comparisons.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
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| Utilities index | |
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| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $113,237 | $9,436 | $2,642 | $3,397 |
| Renters | $51,911 | $4,326 | $1,211 | $1,557 |
| State | General Sales Tax | With Max Surtax |
| Florida | 6% | 7.5% |
| State | Income Tax (Low) | Income Tax (High) |
| Florida | 0% | 0% |
| City | Population | Cost of Living Index | National Avg. |
| Dover, FL | 3,204 | 96 | 4.3% |
| University CDP (Orange County), FL | 35,654 | 98 | 2.0% |
| Mango, FL | 12,034 | 99 | 1.5% |
| Palm River-Clair Mel, FL | 25,085 | 100 | 0.0% |
| East Lake-Orient Park, FL | 30,859 | 100 | 0.2% |
| Progress Village, FL | 10,684 | 109 | 9.0% |
| City | Population | Cost of Living Index | National Avg. |
| Melvindale, MI | 10,685 | 86 | 14.1% |
| Newcastle, OK | 10,682 | 100 | 0.1% |
| Jefferson, LA | 10,681 | 98 | 2.3% |
| Vidalia, GA | 10,687 | 89 | 10.8% |
| Granbury, TX | 10,690 | 105 | 4.6% |
| Progress Village, FL | 10,684 | 109 | 9.0% |
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