Cost Of Living in Wallace, FL

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C

20%

Overall NAT. AVG.

0%

Groceries NAT. AVG.

61%

Housing NAT. AVG.

Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.

The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index	Wallace	Florida	National
Cost of living	120	102	100
Groceries	100	102	100
Health care	106	104	100
Housing	161	97	100
Transportation	102	103	100
Utilities	107	110	100
Lifestyle & Entertainment	107	104	100
Household Items	100	102	100
Education & Childcare	100	106	100

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Homes For Sale In Wallace, FL

2835 Gemstone Cir

Milton, FL

6377 Ladera Trl

Milton, FL

6517 Buckthorn Cir Lot 3J

Pace, FL

6294 Ladera Trl

Pace, FL

Cost Of Living Quick Facts

The cost of living in Wallace is 18% higher than the Florida average
The cost of living in Wallace is 20% higher than the national average
Wallace housing is 61% higher 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
Groceries index
Health care index
Housing index
Transportation index
Utilities index
Lifestyle index
Household index
Educare index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$122,669	$10,222	$2,862	$3,680
Renters	$0	$0	$0	$0

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%

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Floridatown, FL	324	103	2.7%
Cobbtown, FL	49	103	2.7%
Mulat, FL	116	103	2.7%
Dickerson City, FL	78	103	2.7%
Brent, FL	22,529	91	9.1%
Wallace, FL	2,724	120	20.0%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Centreville, AL	2,724	83	16.9%
Thunderbolt, GA	2,723	109	8.6%
North Middletown, NJ	2,723	120	20.1%
Blasdell, NY	2,723	97	3.3%
Tahoka, TX	2,723	86	14.1%
Wallace, FL	2,724	120	20.0%