Spring Hill, Florida Cost Of Living

Buy Rent

B

Overall 10%

Goods & Services 5%

Housing 27%

Date & Last Updated: This data reflects 2019 and was released from C2ER in January, 2020; 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	Spring Hill	Florida	National
Cost of living	90	99	100
Goods & Services	95	99	100
Groceries	104	105	100
Health care	103	100	100
Housing	73	96	100
Transportation	99	98	100
Utilities	90	102	100

Key findings

The cost of living in Spring Hill is 9% lower than the Florida average
The cost of living in Spring Hill is 10% lower than the national average
Spring Hill housing is 27% 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

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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	$47,053	$3,921	$1,098	$1,412
Renters	$32,314	$2,693	$754	$970

The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Spring Hill, FL, as well as what the overall cost of living might be. 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 payments and not more than 36 percent of income on all expenses and debts. In Spring Hill, homeowners have a median income of $47,053. Using that number, a maximum of $1,098 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $32,314, which means there is a maximum of $754 to be spent on the costs of renting a home or apartment.

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	Spring Hill	National avg.	Difference
Haircut	$14.30	$17.49	18.2%
Beauty Salon	$36.87	$38.17	3.4%
Toothpaste	$3.16	$2.32	36.2%
Shampoo	$1.01	$1.01	0.2%
Movie	$12.08	$10.72	12.6%
Bowling	$18.00	$13.86	29.9%

Groceries

Item	Spring Hill	National avg.	Difference
Ground Beef	$4.93	$3.90	26.4%
Fried Chicken	$1.79	$1.40	28.2%
Milk	$2.63	$1.96	34.0%
Potatoes	$3.79	$3.18	19.1%
Pizza	$9.99	$10.39	3.9%
Beer	$9.39	$9.23	1.7%

Health Care

Item	Spring Hill	National avg.	Difference
Optometrist	$82.00	$106.34	22.9%
Doctor	$114.00	$115.25	1.1%
Dentist	$113.30	$98.38	15.2%
Ibuprofen	$10.49	$9.26	13.3%
Lipitor	$425.48	$466.47	8.8%

Housing

Item	Spring Hill	National avg.	Difference
Home Price	$114,400.00	$184,700.00	38.1%
Avg. Mortgage Payment	$897.78	$1,273.32	29.5%
Apartment Rent	$940.00	$949.00	0.9%

Transportation

Item	Spring Hill	National avg.	Difference
Gasoline	$2.51	$2.59	3.3%
Tire Balancing	$52.46	$48.90	7.3%

Utilities

Item	Spring Hill	National avg.	Difference
All Electricity	$134.94	$167.60	19.5%
Phone	$186.69	$163.42	14.2%

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, State	Population	Cost of Living Index	National Avg.
Pine Island, FL	10	97	-3%
Bayport, FL	61	97	-3%
Weeki Wachee, FL	1	97	-3%
Lake Lindsey, FL	41	97	-3%
Wiscon, FL	559	77	-23%
Spring Hill, FL	102,929	90	-10%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
El Cajon, CA	102,894	133	33%
Lakeland, FL	102,714	89	-11%
Columbia, MD	103,439	130	30%
Rialto, CA	102,418	115	15%
Lewisville, TX	102,327	101	1%
Spring Hill, FL	102,929	90	-10%

Source: The Spring Hill, FL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.

Spring Hill, FL Cost of Living

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