Tavares, Florida Cost Of Living

A+

9%

Overall NAT. AVG.

7%

Goods & Services NAT. AVG.

34%

Housing NAT. AVG.

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2023; 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	Tavares	Florida	National
Cost of living	91	99	100
Goods & Services	107	99	100
Groceries	103	105	100
Health care	92	97	100
Housing	66	96	100
Transportation	101	99	100
Utilities	93	101	100

New Real Estate Listings in Tavares Area

For Sale For Rent

Search

Search Homes for Sale in Tavares, FL

See How Much House You Can Afford. Get Pre-Approved Today

Cost Of Living Quick Facts

The cost of living in Tavares is 8% lower than the Florida average
The cost of living in Tavares is 9% lower than the national average
Tavares housing is 34% 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

Most Affordable Places to Live in and Around Tavares

See all the best places to live around Tavares

Compare Tavares, FL Cost of Living

Write a review to give others more information about this area.

See all Tavares poll results

The best places in Florida

Here are the best places to live in Florida

Top 10 cities in Florida with the best education system

10 best cities to buy a new house in Florida

Check out the 10 safest cities in Florida

Salary Calculator

This is how much you would need to earn in

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	$48,009	$4,001	$1,120	$1,440
Renters	$37,176	$3,098	$867	$1,115

A good way to judge both the affordability of the housing and the cost of living in Tavares 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. Tavares has a median income of about $48,009 for people who own homes. Based on that number, a maximum of $1,120 should be spent on expenses related to housing. Renters have a slightly different median income, which is $37,176. Based on this average, renters should spend no more than $867 on all rental costs if they want to maintain a non-impoverished standard of living.

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	Tavares	National avg.	Difference
Haircut	$28.37	$22.08	28.5%
Beauty Salon	$60.44	$42.88	41.0%
Toothpaste	$2.40	$2.57	6.6%
Shampoo	$1.10	$1.15	4.9%
Movie	$13.29	$11.51	15.5%
Bowling	$19.31	$16.62	16.2%

Groceries

Item	Tavares	National avg.	Difference
Ground Beef	$6.08	$4.98	22.0%
Fried Chicken	$1.37	$1.58	13.7%
Milk	$2.67	$2.42	10.2%
Potatoes	$4.77	$3.54	35.0%
Pizza	$9.60	$11.49	16.4%
Beer	$10.95	$10.04	9.0%

Health Care

Item	Tavares	National avg.	Difference
Optometrist	$79.50	$117.76	32.5%
Doctor	$98.00	$125.34	21.8%
Dentist	$108.72	$107.52	1.1%
Ibuprofen	$10.36	$10.26	1.0%
Lipitor	$459.35	$459.24	0.0%

Housing

Item	Tavares	National avg.	Difference
Home Price	$155,600.00	$184,700.00	15.8%
Avg. Mortgage Payment	$1,806.30	$1,697.41	6.4%
Apartment Rent	$996.00	$949.00	5.0%

Transportation

Item	Tavares	National avg.	Difference
Gasoline	$3.83	$3.85	0.3%
Tire Balancing	$59.15	$57.01	3.8%

Utilities

Item	Tavares	National avg.	Difference
All Electricity	$154.33	$177.27	12.9%
Phone	$192.14	$189.62	1.3%

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.
Ferndale, FL	518	102	2.3%
Okahumpka, FL	143	94	5.9%
Pittman, FL	249	94	5.9%
Altoona, FL	77	94	5.9%
Lake Kathryn, FL	737	78	21.6%
Tavares, FL	17,228	91	8.6%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Flowing Wells, AZ	17,227	87	13.3%
Pampa, TX	17,226	77	22.7%
Anacortes, WA	17,231	125	25.4%
New Castle, IN	17,234	83	16.7%
Perry, GA	17,235	89	10.6%
Tavares, FL	17,228	91	8.6%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2023; this is the most current data available.