The Crossings, Florida Cost Of Living

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F

Overall 15%

Goods & Services 1%

Housing 43%

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	The Crossings	Florida	National
Cost of living	115	99	100
Goods & Services	99	99	100
Groceries	111	105	100
Health care	107	100	100
Housing	143	96	100
Transportation	112	98	100
Utilities	98	102	100

Key findings

The cost of living in The Crossings is 16% higher than the Florida average
The cost of living in The Crossings is 15% higher than the national average
The Crossings housing is 43% 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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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	$67,245	$5,604	$1,569	$2,018
Renters	$51,066	$4,256	$1,191	$1,532

The affordability of the housing market in The Crossings, FL as well as the overall cost of living can be predicted by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among The Crossings homeowners, the median income is $67,245. This indicates that a monthly maximum of $1,569 should be spent by homeowners on all housing related costs. Renters have a median income of $51,066. This indicates that renters would have a maximum of $1,191 for their rent related monthly costs.

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	The Crossings	National avg.	Difference
Haircut	$13.88	$17.49	20.6%
Beauty Salon	$58.60	$38.17	53.5%
Toothpaste	$2.12	$2.32	8.7%
Shampoo	$1.25	$1.01	23.5%
Movie	$13.77	$10.72	28.4%
Bowling	$22.83	$13.86	64.7%

Groceries

Item	The Crossings	National avg.	Difference
Ground Beef	$4.83	$3.90	23.8%
Fried Chicken	$1.61	$1.40	15.4%
Milk	$2.75	$1.96	40.1%
Potatoes	$3.87	$3.18	21.6%
Pizza	$8.99	$10.39	13.5%
Beer	$10.23	$9.23	10.8%

Health Care

Item	The Crossings	National avg.	Difference
Optometrist	$115.80	$106.34	8.9%
Doctor	$106.25	$115.25	7.8%
Dentist	$116.20	$98.38	18.1%
Ibuprofen	$11.42	$9.26	23.3%
Lipitor	$456.77	$466.47	2.1%

Housing

Item	The Crossings	National avg.	Difference
Home Price	$248,200.00	$184,700.00	34.4%
Avg. Mortgage Payment	$1,633.75	$1,273.32	28.3%
Apartment Rent	$1,555.00	$949.00	63.9%

Transportation

Item	The Crossings	National avg.	Difference
Gasoline	$2.57	$2.59	0.9%
Tire Balancing	$67.20	$48.90	37.4%

Utilities

Item	The Crossings	National avg.	Difference
All Electricity	$158.03	$167.60	5.7%
Phone	$185.34	$163.42	13.4%

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.
Homestead Base, FL	1,256	103	3%
Medley, FL	898	83	-17%
Brownsville, FL	15,860	91	-9%
Gladeview, FL	12,899	92	-8%
West Little River, FL	31,296	93	-7%
The Crossings, FL	23,681	115	15%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Palm City, FL	23,668	119	19%
Mequon, WI	23,663	120	20%
Marshall, TX	23,651	83	-17%
Kernersville, NC	23,736	96	-4%
Greenbelt, MD	23,623	116	16%
The Crossings, FL	23,681	115	15%

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

The Crossings, FL Cost of Living