Thonotosassa, Florida Cost Of Living

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B

Overall 10%

Goods & Services 5%

Housing 26%

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	Thonotosassa	Florida	National
Cost of living	90	99	100
Goods & Services	95	99	100
Groceries	104	105	100
Health care	103	100	100
Housing	74	96	100
Transportation	99	98	100
Utilities	90	102	100

Key findings

The cost of living in Thonotosassa is 9% lower than the Florida average
The cost of living in Thonotosassa is 10% lower than the national average
Thonotosassa housing is 26% 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	$51,056	$4,255	$1,191	$1,532
Renters	$27,639	$2,303	$645	$829

The affordability of the housing market in Thonotosassa, 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 Thonotosassa homeowners, the median income is $51,056. This indicates that a monthly maximum of $1,191 should be spent by homeowners on all housing related costs. Renters have a median income of $27,639. This indicates that renters would have a maximum of $645 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	Thonotosassa	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	Thonotosassa	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	Thonotosassa	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	Thonotosassa	National avg.	Difference
Home Price	$129,200.00	$184,700.00	30.0%
Avg. Mortgage Payment	$897.78	$1,273.32	29.5%
Apartment Rent	$789.00	$949.00	16.9%

Transportation

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

Utilities

Item	Thonotosassa	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.
Zephyrhills South, FL	4,894	79	-21%
Zephyrhills North, FL	1,961	82	-18%
Zephyrhills West, FL	4,856	83	-17%
University, FL	43,871	85	-15%
Crystal Springs, FL	982	85	-15%
Thonotosassa, FL	13,227	90	-10%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
East Milton, FL	13,222	90	-10%
Lockhart, TX	13,222	87	-13%
Glenn Dale, MD	13,235	140	40%
Rantoul, IL	13,238	83	-17%
Monticello, MN	13,214	104	4%
Thonotosassa, FL	13,227	90	-10%

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

Thonotosassa, FL Cost of Living

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