Weston 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.
IndexWestonFloridaNational
Cost of living index13899100
IndexWestonFloridaNational
Goods & Services index10399100
Groceries index104105100
Health care index9698100
Housing index21896100
Transportation index113100100
Utilities index98103100
An overview of the general cost of living index for Weston, FL is displayed above for your reference. Residents in Weston, FL enjoy a cost of living index of 138. This index is 39% higher than the Florida average, and 38% higher than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Weston, FL, the average cost of goods and services is 4% higher than it is in Florida, and it is 3% higher than the national average.

Find Real Estate Listings In Weston

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In Weston

How would you rate the cost of living in Weston?View resultsWrite a review to give others more information about this area.
Is the cost of living increasing or decreasing in Weston?View resultsWrite a review to give others more information about this area.

Did you know?

  • The cost of living in Weston is 39% higher than the Florida average.
  • The cost of living in Weston is 38% higher than the national average.
  • The cost of housing in Weston is 118% 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.

Real Estate Listings In Weston

Compare Weston, FL Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
Price difference in compared to
Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
Use the salary calculator to compare your current salary in Weston, FL to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Weston, FL, then you would need to earn more income in order to maintain the same standard of living. To use the Weston, FL salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$105,566$8,797$2,463$3,167
Renters$64,496$5,375$1,505$1,935
The affordability of the housing market in Weston, 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 Weston, FL homeowners, the median income is $105,566. This indicates that a monthly maximum of $2,463 should be spent by homeowners on all housing related costs. Renters have a median income of $64,496. This indicates that renters should have a maximum of $1,505 used for their rent related monthly costs.

Florida Sales Tax

StateGeneral Sales TaxWith Max Surtax
Florida6%7.5%

Florida Income Tax

StateIncome Tax (Low)Income Tax (High)
Florida0%0%
When you are determining the total cost of living in Weston, FL you will want to make sure you consider both the Florida sales tax and the Florida income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Florida is 6%, with the highest surtax being 7.5%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Florida have a range from 0% to 0%.

Goods & Services

ItemWestonNational avg.Difference
Haircut $16.15$16.090.4%
Beauty Salon $61.89$37.3365.8%
Toothpaste $2.40$2.451.8%
Shampoo $1.00$1.000.4%
Movie $11.36$10.2810.5%
Bowling $8.74$4.9377.1%

Groceries

ItemWestonNational avg.Difference
Ground Beef $4.36$3.8014.5%
Fried Chicken $1.30$1.406.7%
Milk $2.49$2.0124.2%
Potatoes $3.44$3.0114.1%
Pizza $8.99$9.899.1%
Beer $9.39$8.905.5%

Health Care

ItemWestonNational avg.Difference
Optometrist $94.17$102.167.8%
Doctor $83.20$108.3623.2%
Dentist $97.89$92.535.8%
Ibuprofen $11.35$9.2822.3%
Lipitor $405.35$425.824.8%

Housing

ItemWestonNational avg.Difference
Home Price $414,100.00$184,700.00124.2%
Avg. Mortgage Payment $1,898.18$1,202.4457.9%
Apartment Rent $1,933.00$949.00103.7%

Transportation

ItemWestonNational avg.Difference
Gasoline $2.36$2.245.0%
Tire Balancing $59.72$46.2929.0%

Utilities

ItemWestonNational avg.Difference
All Electricity$159.36$165.964.0%
Phone $29.11$28.681.5%
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, StatePopulationCost of Living IndexNational Avg.
Franklin Park, FL1,03990-10%
Pembroke Park, FL6,25990-10%
Opa-locka, FL16,24591-9%
Lauderdale Lakes, FL34,32193-7%
Lauderhill, FL70,45294-6%
Weston, FL68,89313838%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Union City, NJ68,96514040%
Bismarck, ND68,9811022%
Glen Burnie, MD69,06011212%
Casas Adobes, AZ68,69599-1%
Palatine, IL69,09811919%
Weston, FL68,89313838%
Source: The Weston, FL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.