Cost of Living in Apollo Beach, FL

An Overview of Cost of Living in Apollo Beach, FL

Are you thinking about relocating, but curious about the potential cost of living in Apollo Beach? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Apollo Beach stands at 115, making it 15% higher than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.

Housing costs make up a big chunk of the cost of living in Apollo Beach, and they usually eat into a large part of your take-home pay. Unfortunately, in this area, both buying a home and renting one costs 59.7% more than the average city. This includes stuff like home prices, rent, mortgage rates, and insurance.

Is Apollo Beach Affordable?

Wondering if Apollo Beach is affordable? It's a question that often comes up when you're thinking about a new city since affordability can really shape your decisions. The cost of living index (covered earlier), housing expenses and income levels all play a part in the affordability equation. In Apollo Beach, for example, the median home price is 57.8% higher than what folks pay nationally, and monthly rent is 64.3% higher than the usual rates. Plus, income levels matter too, with Apollo Beach boasting a median household income of $95,980, which is 73.5% higher than the national average.

What Factors can Influence the Cost of Living in Apollo Beach?

Healthcare: The costs associated with healthcare and insurance premiums can exhibit notable disparities based on the city or state of residence. Access to healthcare facilities, out-of-pocket expenses for medical appointments, dental care charges, prescription medication costs and specialized medical care expenses all contribute to variations in the cost of living. In Apollo Beach, healthcare costs are 8% lower than the national average.

Groceries: Grocery costs have continued to increase significantly over the last 2-3 years. In some markets the cost of food has gone up by more than 20% in that period. While other markets have managed to see only a moderate uptick. These food costs can have a major impact on the cost of living in any area. In Apollo Beach, the groceries index is 0.5% lower than the national average.

Housing: High demand for housing in desirable locations can drive up property prices and rental rates. This can be a primary contributor to a higher cost of living. While low demand for housing, especially in undesirable locations, can have the reverse effect and drive prices down, resulting in a lower cost of living. The housing index in Apollo Beach, is 59.7% higher than the national average.

Where is the Data From?

The Apollo Beach cost of living data displayed above is derived from the C2ER cost of living index to provide a useful and reasonably accurate measure of living cost differences in urban areas. The index takes into account data from 300 independent researches, covering more than 60 goods and services across 6 different categories, to create an overall index for each area, with 100 being the average. The C2ER index does not include sales or income tax rates in their data, however AreaVibes does include both income and sales tax rates in the overall cost of living score for each area.