Thonotosassa, FL Cost Of Living

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Thonotosassa cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
Index	Thonotosassa	Florida	National
Cost of living index	90	99	100
Index	Thonotosassa	Florida	National
Goods & Services index	95	99	100
Groceries index	104	105	100
Health care index	103	100	100
Housing index	74	96	100
Transportation index	99	98	100
Utilities index	90	102	100

Here we can see a simple outline of the cost of living in Thonotosassa, FL. As you can see, with the average cost of living in Thonotosassa, FL being 90, that puts it 9% lower than the average of Florida and 10% lower than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Thonotosassa, FL, the price of goods and services are 3% lower than the average of Florida as well as 5% lower than the nation's average.

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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.
The cost of housing in Thonotosassa 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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Compare Thonotosassa, FL Cost of living To Other Cities

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Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Using the salary calculator lets you compare the salary you earn in Thonotosassa, FL to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Thonotosassa, FL, you have to earn a higher income in order to still have the same standard of living. To operate the Thonotosassa, FL salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

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 indicated accurately 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 ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Thonotosassa, FL 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 should have a maximum of $645 used 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%

When assessing the complete cost of living in Thonotosassa, FL, the Florida income tax and the Florida sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Florida maximum surtax is 7.5%, and the Florida sales tax is 6%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 0% to 0% in Florida.

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