| Index | St. Petersburg | Florida | National |
| Cost of living | 113 | 102 | 100 |
| Groceries | 105 | 102 | 100 |
| Health care | 108 | 104 | 100 |
| Housing | 124 | 97 | 100 |
| Transportation | 107 | 103 | 100 |
| Utilities | 114 | 110 | 100 |
| Lifestyle & Entertainment | 110 | 104 | 100 |
| Household Items | 106 | 102 | 100 |
| Education & Childcare | 111 | 106 | 100 |
The cost of living in St. Petersburg affects the quality of life one can afford in this new location. It allows people to assess whether they can maintain their preferred lifestyle, including housing, leisure activities and dining options. Your total monthly expenditures can varry depending on the area, as well as many other factors. The cost of living in St. Petersburg is 113, which is 13% higher than the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.
Housing costs are a very significant part of the St. Petersburg 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 23.7% more than the average city. This includes things like home and rent prices, mortgage rates and insurance.
When it comes to knowing a city, its residents are the experts. We conducted a survey with 24 locals to understand their opinions on the cost of living in St. Petersburg. The results indicated that 46% found it reasonably priced with decreasing prices of goods and services, while 54% viewed it as quite expensive, with increasing prices.
Is St. Petersburg affordable? This is a pivotal question, especially when mulling over a move, as affordability carries substantial weight in your decision-making process. Factors such as the cost of living index (discussed earlier), housing expenses and income levels all contribute to a location's affordability. For instance, in St. Petersburg, the median home price is 24.7% higher than the national average and monthly rent prices are 21.3% higher than the typical rates. Additionally, the median income levels play a role in affordability, with St. Petersburg boasting a median household income of $91,618, 12.6% higher than the national average.
Housing: A sought-after location with high housing demand often leads to increased property values and rental rates, which can significantly inflate the overall cost of living. Conversely, areas with low housing demand, particularly in less desirable locales, tend to experience the opposite effect, causing prices to drop and contributing to a more affordable cost of living. In St. Petersburg, the housing index stands at 23.7% higher than the national average.
Subsidies: Certain regions may provide government subsidies or assistance initiatives designed to alleviate the cost of living burden on their residents. These programs encompass a wide range of support mechanisms, such as 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 farming subsidies. Areas with fewer subsidy offerings might experience an elevation in their cost of living.
Healthcare: Healthcare expenditures and insurance premium rates can vary significantly, contingent upon the particular city or state. Factors such as the accessibility of healthcare facilities, out-of-pocket expenses for doctor's appointments, dental care charges, prescription medication costs, and expenses related to specialized medical care can all have an impact on the overall cost of living. In St. Petersburg, healthcare costs are 7.9% higher than the national average.
The St. Petersburg 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 | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $113,654 | $9,471 | $2,652 | $3,410 |
| Renters | $65,577 | $5,465 | $1,530 | $1,968 |
| 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. |
| South Highpoint, FL | 6,065 | 94 | 6.3% |
| Lealman, FL | 22,381 | 97 | 2.7% |
| West Lealman, FL | 14,846 | 97 | 2.6% |
| Largo, FL | 87,579 | 99 | 0.9% |
| Memphis, FL | 10,949 | 102 | 1.6% |
| St. Petersburg, FL | 271,787 | 113 | 12.7% |
| City | Population | Cost of Living Index | National Avg. |
| Fort Wayne, IN | 274,188 | 90 | 10.5% |
| Chula Vista, CA | 274,613 | 159 | 59.2% |
| Laredo, TX | 268,554 | 93 | 7.1% |
| Jersey City, NJ | 268,546 | 145 | 45.0% |
| Chandler, AZ | 266,863 | 125 | 24.9% |
| St. Petersburg, FL | 271,787 | 113 | 12.7% |
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