Wahneta, Florida Cost Of Living

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A

Overall 21%

Goods & Services 7%

Housing 55%

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

Key findings

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
Wahneta housing 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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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	$28,022	$2,335	$654	$841
Renters	$31,434	$2,620	$733	$943

To approximate the cost of living and the housing affordability in Wahneta, FL, we can look at the percentage of income that is available to be spent on monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side, a consumer should not spend more than 28% of his or her gross income on housing-related expenses and costs and not more than 36% of income on all expenses and debts. Homeowners in Wahneta 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%

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%

Cities with similar population

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%

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

Wahneta, FL Cost of Living

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