A+
11%
Overall NAT. AVG.
5%
Goods & Services NAT. AVG.
28%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; 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 East Milton Florida National
Cost of living8998100
Goods & Services10598100
Groceries9599100
Health care9496100
Housing7296100
Transportation8999100
Utilities8397100

An Overview of Cost of Living in East Milton, FL

The cost of living in East Milton affects the quality of life one can afford in this new location. It allows people to assess whether they can maintain their preferred lifestyle, including housing, leisure activities and dining options. Your total monthly expenditures can varry depending on the area, as well as many other factors. The cost of living in East Milton is 89, which is 11% lower than the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.

Is East Milton Affordable?

Wondering if East Milton 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 East Milton, for example, the median home price is 34.9% lower than what folks pay nationally, and monthly rent is 11.9% lower than the usual rates. Plus, income levels matter too, with East Milton boasting a median household income of $53,178, which is 3.9% lower than the national average.

What Factors can Influence the Cost of Living in East Milton?

Housing: When everyone's vying for homes in popular areas, it drives up property prices and rents, making the overall cost of living surge. On the flip side, in less sought-after locales, where housing demand is low, prices tend to dip, resulting in a more economical cost of living. In East Milton, the housing index comes in at 28% lower than the national average.

Taxes: Cities that impose higher taxes, including sales and income taxes, can contribute to an escalated cost of living. The added expense of taxes on everyday goods like clothing and food naturally results in higher overall costs. Similarly, a higher income tax rate can further elevate the cost of living. In East Milton, the general sales tax rate starts at 6%, and income tax rates begin at 0%.

Groceries: The costs associated with groceries have witnessed substantial increases over the past 2-3 years. In select markets, food prices have escalated by more than 20% during this timeframe, whereas others have seen more restrained upticks. The variances in food expenses can exert a considerable influence on the overall cost of living in a given locale. In East Milton, the groceries index is 4.7% lower than the national average.

Where is the Data From?

The cost of living in East Milton, presented above is derived from the C2ER cost of living index, offering a practical method for assessing living cost disparities in urban areas. Published quarterly, this index compiles data from more than 300 independent researchers, encompassing over 60 goods and services in 6 categories. The weightings assigned to cost variances are informed by government survey data tracking the expenditure patterns of professional and executive households. It should be noted that the C2ER index does not include data on sales or income tax rates, however, AreaVibes incorporates tax rates into the overall cost of living score for each area.

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Cost Of Living Quick Facts

  • The cost of living in East Milton is 8% lower than the Florida average
  • The cost of living in East Milton is 11% lower than the national average
  • East Milton housing is 28% 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

Most Affordable Places to Live in and Around East Milton

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Compare East Milton, FL Cost of Living

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      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

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$56,729$4,727$1,324$1,702
      Renters$45,455$3,788$1,061$1,364
      A good way to judge both the affordability of the housing and the cost of living in East Milton is by simply calculating the maximum that should be spent on housing, otherwise known as the debt-to-income ratio (DTI). The plan is to avoid spending more than 28 percent of the gross income on costs that pertain to housing and no more than 36 percent on all expenses and debts. East Milton has a median income of about $56,729 for people who own homes. Based on that number, a maximum of $1,324 should be spent on expenses related to housing. Renters have a slightly different median income, which is $45,455. Based on this average, renters should spend no more than $1,061 on all rental costs if they want to maintain a non-impoverished standard of living.

      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 East Milton National avg. Difference
      Haircut $21.34$24.2612.0%
      Beauty Salon $52.41$45.5615.0%
      Toothpaste $3.71$3.700.3%
      Shampoo $1.17$1.288.4%
      Movie $12.99$12.137.1%
      Bowling $20.00$18.0011.1%

      Groceries

      Item East Milton National avg. Difference
      Ground Beef $6.17$5.845.7%
      Fried Chicken $1.67$1.576.2%
      Milk $4.50$4.673.8%
      Potatoes $5.20$4.935.4%
      Pizza $12.56$12.093.9%
      Beer $10.49$10.410.8%

      Health Care

      Item East Milton National avg. Difference
      Optometrist $107.95$125.6814.1%
      Doctor $106.49$135.7821.6%
      Dentist $113.85$113.290.5%
      Ibuprofen $10.06$10.655.6%
      Lipitor $510.84$468.609.0%

      Housing

      Item East Milton National avg. Difference
      Home Price $120,200.00$184,700.0034.9%
      Avg. Mortgage Payment $1,585.50$2,346.6932.4%
      Apartment Rent $836.00$949.0011.9%

      Transportation

      Item East Milton National avg. Difference
      Gasoline $3.20$3.467.5%
      Tire Balancing $47.55$59.9220.6%

      Utilities

      Item East Milton National avg. Difference
      All Electricity $142.23$193.9926.7%
      Phone $188.01$192.252.2%
      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 Population Cost of Living Index National Avg.
      Mulat, FL112973.0%
      Dickerson City, FL75973.0%
      Floridatown, FL313973.0%
      Goulding, FL3,9068515.2%
      West Pensacola, FL22,4188515.0%
      East Milton, FL14,3888910.5%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Mountain View County, AB14,390n/a 
      Livingston, CA14,39211414.3%
      Robbinsdale, MN14,3931000.3%
      Glasgow, KY14,3948713.2%
      Muscle Shoals, AL14,3798911.4%
      East Milton, FL14,3888910.5%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.