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Florida cost of living index
Cost of living indexes will generally be higher in areas that offer access to beaches, culture, arts and recreation. In addition areas, that offer a wider variety of services such as health and education will run higher due to higher wages, and increased quality of living. Cost of living indexing explanation
A figure of 100 points is used as an average both for the USA and Florida. For example:
Boise Idaho is ranked at a 99
Boston Mass is rated at 127.60
San Francisco at 187.23
Statewide, Florida cities come in from a low of 90 and up.
One way to compare Florida areas to salary requirements
For example-If you were relocating from Portland Oregon (whose rate 1s 120) to Melbourne fl, and you currently make $50,000 per year, the formula is as follows
Take the destination index, in this case Melbourne-92.72 and divide by Portland’s index-120, then multiply by a salary of $50,000. This will give you a figure of $38,633.00 which would be required to make in Melbourne to have the same quality of life. See comparable Florida statewide
* Re cost of living--in some areas Real Estate has went up dramatically however costs that factor in such as food, transportation, rents etc have not increased at the same rate-so in some areas, even though housing is expensive, the overall rating may still be low
2007 stats per Sperlings best Places http://www.bestplaces.net/ Bradenton-114
Cape Coral-Ft Myers-108.0
Ft Lauderdale-132.0
Fort Walton-Destin-120
Jacksonville metro-94.0
Key Largo-146.0
Key West-168.0
Miami metro-138.0
Melbourne-92.72
Orlando metro-94.0
Palm Bay-84.56
Palm Coast-Flagler-125.01
Panama City-86.35
Pensacola metro-82.0
Sarasota-108.75
Tampa 94.60
St Pete-Clearwater-91.58
Vero-Beach Indian River-122.87
West Palm Beach metro-112.05
(Population Weighted-State Average=100
See national comparisons
Cost of living (100 = nationwide average) * New York, NY -164.50
* Long Beach, CA -135.71
* Palo Alto, CA -234.42
* Boston, MA -127.60
* Malibu, CA -492.80
* San Francisco, -187.23
* Greenwich, CT 215
* Chicago, IL -126.45
* Dallas Tx -92,94
* Atlanta Ga -112.21
For more information about cost of living go to either Sperlings best Places http://www.bestplaces.net/
or Accra's site at http://www.coli.org/ In conclusion, given Florida’s climate and Job opportunities and the outdoor recreation prospects, Florida can really make sense.
Why not live in a vacation spot?
For specific Florida area cost of living index information, use the area drop down lists to the left.
.©2006. Florida Real Estate Network Inc. All Rights Reserved
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