St. Petersburg, Florida Cost Of Living

A+

6%

Overall NAT. AVG.

6%

Goods & Services NAT. AVG.

11%

Housing NAT. AVG.

Date & Last Updated: This data reflects 2022 and was released from C2ER in January, 2022; 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	St. Petersburg	Florida	National
Cost of living	94	99	100
Goods & Services	94	98	100
Groceries	103	106	100
Health care	96	99	100
Housing	89	96	100
Transportation	98	99	100
Utilities	98	105	100

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Cost Of Living Quick Facts

The cost of living in St. Petersburg is 5% lower than the Florida average
The cost of living in St. Petersburg is 6% lower than the national average
St. Petersburg housing is 11% 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	$60,877	$5,073	$1,420	$1,826
Renters	$35,334	$2,945	$824	$1,060

The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in St. Petersburg, 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 St. Petersburg, homeowners have a median income of $60,877. Using that number, a maximum of $1,420 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $35,334, which means there is a maximum of $824 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	St. Petersburg	National avg.	Difference
Haircut	$15.77	$20.27	22.2%
Beauty Salon	$35.05	$40.39	13.2%
Toothpaste	$2.97	$2.36	25.7%
Shampoo	$1.06	$1.08	1.5%
Movie	$11.64	$10.99	5.9%
Bowling	$16.33	$15.49	5.4%

Groceries

Item	St. Petersburg	National avg.	Difference
Ground Beef	$5.02	$4.30	16.8%
Fried Chicken	$1.67	$1.40	19.3%
Milk	$2.76	$2.20	25.3%
Potatoes	$3.28	$3.22	1.9%
Pizza	$10.16	$10.74	5.4%
Beer	$11.09	$9.60	15.5%

Health Care

Item	St. Petersburg	National avg.	Difference
Optometrist	$96.40	$109.73	12.1%
Doctor	$93.96	$118.34	20.6%
Dentist	$105.33	$100.94	4.4%
Ibuprofen	$11.42	$9.93	15.0%
Lipitor	$442.31	$469.53	5.8%

Housing

Item	St. Petersburg	National avg.	Difference
Home Price	$154,800.00	$184,700.00	16.2%
Avg. Mortgage Payment	$989.61	$1,229.62	19.5%
Apartment Rent	$959.00	$949.00	1.1%

Transportation

Item	St. Petersburg	National avg.	Difference
Gasoline	$2.54	$2.71	6.4%
Tire Balancing	$53.96	$51.86	4.1%

Utilities

Item	St. Petersburg	National avg.	Difference
All Electricity	$160.44	$170.84	6.1%
Phone	$192.30	$187.18	2.7%

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	Population	Cost of Living Index	National Avg.
Lealman, FL	20,704	83	16.7%
West Lealman, FL	16,235	85	15.4%
South Highpoint, FL	5,034	87	12.6%
Largo, FL	80,678	88	12.4%
Kenneth City, FL	5,048	88	11.7%
St. Petersburg, FL	253,585	94	5.5%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Durham, NC	251,761	100	0.4%
Laredo, TX	251,671	80	20.3%
Longueuil, QC	249,920	n/a
Burnaby, BC	258,827	n/a
Buffalo, NY	258,989	82	18.4%
St. Petersburg, FL	253,585	94	5.5%

Date & Last Updated: This data reflects 2022 and was released from C2ER in January, 2022; this is the most current data available.