D-
26%
Overall NAT. AVG.
1%
Goods & Services NAT. AVG.
94%
Housing NAT. AVG.
Search Homes for Sale
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 Horizon West Florida National
Cost of living12698100
Goods & Services10198100
Groceries9899100
Health care9296100
Housing19496100
Transportation9599100
Utilities9097100

An Overview of Cost of Living in Horizon West, FL

Are you thinking about relocating, but curious about the potential cost of living in Horizon West? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Horizon West stands at 126, making it 26% 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.

The cost of living in Horizon West is among the highest in the country, making it a very expensive place to live. Only a small fraction of regions boast a cost of living that is at least 20% higher than the national average, and regrettably, Horizon West falls into this category, which may not be suitable for those seeking an economically favorable living environment.

When it comes to the cost of living in Horizon West, housing costs are a real heavyweight, often hogging a significant chunk of your earnings. Sadly, in this area, housing expenses for both buying and renting were 94.4% more expensive compared to your average city. That means you'll be shelling out more for homes, rents, mortgage rates and insurance.

Is Horizon West Affordable?

Is Horizon West an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in Horizon West is 92% higher than the national average, while the average monthly rent prices are 100.1% higher than average. The affordability of any location can also be influenced by median income levels. Horizon West has a median household income of $105,909, which is 91.4% higher than the national average.

What Factors can Influence the Cost of Living in Horizon West?

Utilities: As with the prices of anything else, utility costs can exhibit significant variations, contingent on factors like climate, energy source availability, geographic location and state regulations. The expenses associated with electricity, water, heating, and waste disposal can fluctuate, either upward or downward, depending on the particular city or state. In Horizon West, the utilities index registers 9.9% lower than the national average.

Subsidies: Some cities and states may extend government subsidies or aid programs aimed at reducing the cost of living for their residents. These initiatives encompass diverse forms of support, including Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farm subsidies. Regions with limited subsidy provisions may witness an increase in their overall cost of living.

Transportation: In cities with limited or no public transportation, residents may find it necessary to own and maintain vehicles, thereby elevating the cost of living. Monthly expenditures include fuel, insurance, routine maintenance and potential lease or financing commitments. In Horizon West, the transportation index stands at 4.8% lower than the national average.

Where is the Data From?

The Horizon West 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. Published on a quarterly basis, it compiles data from more than 300 independent researchers, encompassing over 60 goods and services. These items have been meticulously selected to represent various consumer expenditure categories, in 6 categories. Weightings assigned to cost differentials draw from government survey data tracking spending patterns among professional and executive households. While the C2ER index excludes data on sales or income tax rates, AreaVibes incorporates tax rates into the overall cost of living score for each region.

New Real Estate Listings in Horizon West Area
Search Homes for Sale in Horizon West, FL

Cost Of Living Quick Facts

  • The cost of living in Horizon West is 30% higher than the Florida average
  • The cost of living in Horizon West is 26% higher than the national average
  • Horizon West housing is 94% 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

Most Affordable Places to Live in and Around Horizon West

See all the best places to live around Horizon West

Compare Horizon West, FL Cost of Living

      vs
      How would you rate the cost of living in Horizon West?
      Write a review to give others more information about this area.
      Is the cost of living increasing or decreasing in Horizon West?
      Write a review to give others more information about this area.
      See all Horizon West poll results

      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$113,825$9,485$2,656$3,415
      Renters$75,424$6,285$1,760$2,263
      The affordability of the housing market in Horizon West, FL as well as the overall cost of living can be predicted 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 be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Horizon West homeowners, the median income is $113,825. This indicates that a monthly maximum of $2,656 should be spent by homeowners on all housing related costs. Renters have a median income of $75,424. This indicates that renters would have a maximum of $1,760 for their rent related monthly costs.

      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 Horizon West National avg. Difference
      Haircut $26.53$24.269.4%
      Beauty Salon $55.13$45.5621.0%
      Toothpaste $3.84$3.703.8%
      Shampoo $1.48$1.2815.8%
      Movie $13.54$12.1311.6%
      Bowling $19.87$18.0010.4%

      Groceries

      Item Horizon West National avg. Difference
      Ground Beef $6.26$5.847.1%
      Fried Chicken $1.40$1.5711.0%
      Milk $4.58$4.671.9%
      Potatoes $5.23$4.936.0%
      Pizza $13.13$12.098.6%
      Beer $11.07$10.416.3%

      Health Care

      Item Horizon West National avg. Difference
      Optometrist $118.44$125.685.8%
      Doctor $137.00$135.780.9%
      Dentist $125.36$113.2910.7%
      Ibuprofen $10.89$10.652.2%
      Lipitor $446.86$468.604.6%

      Housing

      Item Horizon West National avg. Difference
      Home Price $354,600.00$184,700.0092.0%
      Avg. Mortgage Payment $2,463.53$2,346.695.0%
      Apartment Rent $1,899.00$949.00100.1%

      Transportation

      Item Horizon West National avg. Difference
      Gasoline $3.39$3.462.1%
      Tire Balancing $57.07$59.924.8%

      Utilities

      Item Horizon West National avg. Difference
      All Electricity $190.71$193.991.7%
      Phone $194.67$192.251.3%
      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.
      Lake Buena Vista, FL4972.6%
      Tildenville, FL43972.6%
      Lake Butler city, FL2,1858118.7%
      Bay Lake, FL438416.3%
      Campbell, FL2,2628515.1%
      Horizon West, FL46,20412626.5%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Littleton, CO46,20813535.3%
      West Vancouver, BC46,220n/a 
      Mission, BC46,224n/a 
      Potomac, MD46,25619796.6%
      Huntington, WV46,1398614.2%
      Horizon West, FL46,20412626.5%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.