| Index | University Park | Florida | National |
| Cost of living | 114 | 102 | 100 |
| Groceries | 104 | 102 | 100 |
| Health care | 104 | 104 | 100 |
| Housing | 136 | 97 | 100 |
| Transportation | 102 | 103 | 100 |
| Utilities | 108 | 110 | 100 |
| Lifestyle & Entertainment | 107 | 104 | 100 |
| Household Items | 105 | 102 | 100 |
| Education & Childcare | 103 | 106 | 100 |
Understanding the cost of living in University Park can help future residents assess whether their current financial situation aligns with the expenses they will encounter. It enables them to plan for potential changes in their budget and lifestyle. The University Park cost of living index is 114, which is 14% higher than the national average. The cost of living index is calculated by taking into account multiple categories, which encompass both the cost of everyday expenditures and larger expenses as well.
Housing costs are a major factor in the University Park cost of living index, and they often eat up a big chunk of your take-home pay. Unfortunately, in this area, housing expenses for both homeownership and rentals were 35.5% higher than what's typical in an average city. That includes the prices of homes and rents, as well as mortgage rates and insurance.
Wondering if University Park is affordable? It's a question that often comes up when you're thinking about a new city since affordability can really shape your decisions. The cost of living index (covered earlier), housing expenses and income levels all play a part in the affordability equation. In University Park, for example, the median home price is 41.1% higher than what folks pay nationally, and monthly rent is 22.6% higher than the usual rates. Plus, income levels matter too, with University Park boasting a median household income of $61,531, which is 24.3% lower than the national average.
Healthcare: The costs associated with healthcare and insurance premiums can exhibit notable disparities based on the city or state of residence. Access to healthcare facilities, out-of-pocket expenses for medical appointments, dental care charges, prescription medication costs and specialized medical care expenses all contribute to variations in the cost of living. In University Park, healthcare costs are 4.4% higher than the national average.
Housing: A sought-after location with high housing demand often leads to increased property values and rental rates, which can significantly inflate the overall cost of living. Conversely, areas with low housing demand, particularly in less desirable locales, tend to experience the opposite effect, causing prices to drop and contributing to a more affordable cost of living. In University Park, the housing index stands at 35.5% higher than the national average.
Groceries: Over the past 2-3 years, grocery expenses have experienced substantial upward trends. In certain markets, food prices have surged by over 20% during this period, while others have witnessed more modest increases. These fluctuations in food costs can wield significant influence over the overall cost of living in a given region. In University Park, the groceries index is 3.9% higher than the national average.
The University Park cost of living data displayed above uses a U.S. average baseline of 100 to provide a practical way to compare living expenses across cities. Housing estimates incorporate U.S. Census home price and rental data, while all other values are generated using AI-assisted models based on everyday expense expectations, regional pricing trends, climate, transportation patterns, and local economic conditions. These values are designed for directional city-to-city comparisons.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $87,682 | $7,307 | $2,046 | $2,631 |
| Renters | $38,572 | $3,214 | $900 | $1,157 |
| State | General Sales Tax | With Max Surtax |
| Florida | 6% | 7.5% |
| State | Income Tax (Low) | Income Tax (High) |
| Florida | 0% | 0% |
| City | Population | Cost of Living Index | National Avg. |
| Medley, FL | 1,076 | 89 | 10.7% |
| Gladeview, FL | 13,938 | 99 | 1.4% |
| Opa-locka, FL | 16,610 | 101 | 1.2% |
| West Little River, FL | 33,229 | 104 | 3.6% |
| Brownsville, FL | 18,170 | 105 | 4.9% |
| University Park, FL | 27,166 | 114 | 13.8% |
| City | Population | Cost of Living Index | National Avg. |
| Daphne, AL | 27,160 | 104 | 3.6% |
| Sun City Center, FL | 27,177 | 112 | 12.1% |
| Auburn, NY | 27,187 | 96 | 3.8% |
| Ewa Gentry, HI | 27,203 | 172 | 71.7% |
| Troy, OH | 27,108 | 91 | 9.1% |
| University Park, FL | 27,166 | 114 | 13.8% |
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