Overall 4%
Goods & Services 5%
Housing 1%
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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.
IndexSouth Gate RidgeFloridaNational
Cost of living10499100
Goods & Services10598100
Health care11199100

Key findings

  • The cost of living in South Gate Ridge is 5% higher than the Florida average
  • The cost of living in South Gate Ridge is 4% higher than the national average
  • South Gate Ridge housing is 1% 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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Compare South Gate Ridge, FL Cost of Living

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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 IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      A good way to judge both the affordability of the housing and the cost of living in South Gate Ridge is by simply calculating the maximum that should be spent on housing, otherwise known as the debt-to-income ratio (DTI). The plan is to avoid spending more than 28 percent of the gross income on costs that pertain to housing and no more than 36 percent on all expenses and debts. South Gate Ridge has a median income of about $56,286 for people who own homes. Based on that number, a maximum of $1,313 should be spent on expenses related to housing. Renters have a slightly different median income, which is $37,266. Based on this average, renters should spend no more than $869 on all rental costs if they want to maintain a non-impoverished standard of living.

      Florida Sales Tax

      StateGeneral Sales TaxWith Max Surtax

      Florida Income Tax

      StateIncome Tax (Low)Income Tax (High)

      Goods & Services

      ItemSouth Gate RidgeNational avg.Difference
      Haircut $24.04$20.2718.6%
      Beauty Salon $49.27$40.3922.0%
      Toothpaste $2.79$2.3618.1%
      Shampoo $1.04$1.083.8%
      Movie $11.55$10.995.1%
      Bowling $20.60$15.4933.0%


      ItemSouth Gate RidgeNational avg.Difference
      Ground Beef $4.85$4.3012.8%
      Fried Chicken $1.64$1.4017.0%
      Milk $2.58$2.2017.0%
      Potatoes $4.77$3.2248.0%
      Pizza $13.38$10.7424.5%
      Beer $9.94$9.603.6%

      Health Care

      ItemSouth Gate RidgeNational avg.Difference
      Optometrist $132.49$109.7320.7%
      Doctor $147.56$118.3424.7%
      Dentist $108.39$100.947.4%
      Ibuprofen $9.96$9.930.3%
      Lipitor $481.15$469.532.5%


      ItemSouth Gate RidgeNational avg.Difference
      Home Price $181,300.00$184,700.001.8%
      Avg. Mortgage Payment $1,350.25$1,229.629.8%
      Apartment Rent $1,025.00$949.008.0%


      ItemSouth Gate RidgeNational avg.Difference
      Gasoline $2.61$2.713.8%
      Tire Balancing $57.44$51.8610.8%


      ItemSouth Gate RidgeNational avg.Difference
      All Electricity$168.18$170.841.6%
      Phone $192.01$187.182.6%
      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

      CityPopulationCost of Living IndexNational Avg.
      South Bradenton, FL24,4288812.0%
      West Samoset, FL6,8368911.1%
      Bayshore Gardens, FL19,4099010.3%
      Samoset, FL4,243928.2%
      North Sarasota, FL8,412927.9%
      South Gate Ridge, FL6,2121043.7%

      Cities with similar population

      CityPopulationCost of Living IndexNational Avg.
      Indian River Estates, FL6,212937.4%
      Saranap, CA6,21119392.7%
      Salem, IN6,2148712.9%
      Walpole, MA6,20914241.6%
      East Aurora, NY6,209945.7%
      South Gate Ridge, FL6,2121043.7%
      Source: This data reflects 2021 and was released from C2ER in January, 2022; this is the most current data available.