Wahneta, FL Cost Of Living

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Wahneta 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	Wahneta	Florida	National
Cost of living index	79	99	100
Index	Wahneta	Florida	National
Goods & Services index	93	99	100
Groceries index	97	105	100
Health care index	89	100	100
Housing index	45	96	100
Transportation index	91	98	100
Utilities index	98	102	100

A general overview of the cost of living index for Wahneta, FL is displayed above. In Wahneta, FL, the overall cost of living index is 79, which is 20% lower than the Florida average and 21% lower than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Wahneta, FL, the city's goods and services are 5% lower than the Florida average and 7% lower than the U.S. average.

Did you know?

The cost of living in Wahneta is 20% lower than the Florida average.
The cost of living in Wahneta is 21% lower than the national average.
The cost of housing in Wahneta is 55% 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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Salary Calculator

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

The salary calculator is meant to help you compare your salary in Wahneta, FL to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Wahneta, FL, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Wahneta, FL salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$28,022	$2,335	$654	$841
Renters	$31,434	$2,620	$733	$943

One can approximate the cost of living and the housing affordability in Wahneta, FL by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Wahneta, FL have a median income of $28,022. Therefore, the amount that a consumer should spend on housing costs should be no more than $654 per month to avoid calamity and poverty. The renters in the city have an income of about $31,434, which would make their monthly maximum allowable rental costs $733.

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 Wahneta, 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	Wahneta	National avg.	Difference
Haircut	$20.20	$17.49	15.5%
Beauty Salon	$44.00	$38.17	15.3%
Toothpaste	$1.62	$2.32	30.2%
Shampoo	$0.84	$1.01	17.0%
Movie	$11.39	$10.72	6.2%
Bowling	$14.14	$13.86	2.0%

Groceries

Item	Wahneta	National avg.	Difference
Ground Beef	$4.73	$3.90	21.3%
Fried Chicken	$1.28	$1.40	8.3%
Milk	$2.04	$1.96	4.0%
Potatoes	$3.15	$3.18	1.0%
Pizza	$9.99	$10.39	3.9%
Beer	$9.99	$9.23	8.2%

Health Care

Item	Wahneta	National avg.	Difference
Optometrist	$86.33	$106.34	18.8%
Doctor	$76.20	$115.25	33.9%
Dentist	$97.50	$98.38	0.9%
Ibuprofen	$9.09	$9.26	1.8%
Lipitor	$474.20	$466.47	1.7%

Housing

Item	Wahneta	National avg.	Difference
Home Price	$53,100.00	$184,700.00	71.3%
Avg. Mortgage Payment	$985.05	$1,273.32	22.6%
Apartment Rent	$772.00	$949.00	18.7%

Transportation

Item	Wahneta	National avg.	Difference
Gasoline	$2.46	$2.59	5.0%
Tire Balancing	$42.50	$48.90	13.1%

Utilities

Item	Wahneta	National avg.	Difference
All Electricity	$161.23	$167.60	3.8%
Phone	$183.84	$163.42	12.5%

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.
Mulberry, FL	3,925	81	-19%
Combee Settlement, FL	6,462	82	-18%
Fort Meade, FL	5,883	82	-18%
Frostproof, FL	3,100	80	-20%
Fussels Corner, FL	4,991	83	-17%
Wahneta, FL	4,700	79	-21%

City, State	Population	Cost of Living Index	National Avg.
Bloomfield, WI	4,700	96	-4%
Franklin Center, NJ	4,701	144	44%
Goodland, KS	4,702	82	-18%
Kittery, ME	4,704	120	20%
Forked River, NJ	4,696	118	18%
Wahneta, FL	4,700	79	-21%

Wahneta, FL Cost of Living