A+
3%
Overall NAT. AVG.
7%
Goods & Services NAT. AVG.
19%
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 Progress Village Florida National
Cost of living10398100
Goods & Services9398100
Groceries10099100
Health care9296100
Housing11996100
Transportation10099100
Utilities9997100

An Overview of Cost of Living in Progress Village, FL

Are you thinking about relocating, but curious about the potential cost of living in Progress Village? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Progress Village stands at 103, making it 3% 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.

In Progress Village, daily expenses such as food, housing, goods and services, transportation and health care are in line with comparable areas and about average when compared to all cities across the nation. This ensures that the cost of living in Progress Village will resemble that of an average city, contributing to a manageable cost of living.

Is Progress Village Affordable?

Is Progress Village 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 Progress Village is 3.5% higher than the national average, while the average monthly rent prices are 56.3% higher than average. The affordability of any location can also be influenced by median income levels. Progress Village has a median household income of $63,832, which is 15.4% higher than the national average.

What Factors can Influence the Cost of Living in Progress Village?

Taxes: Regions that impose higher taxes, including sales and income taxes, can contribute to an increased cost of living. Higher taxes for everyday necessities such as clothing, utilities and food inevitably leads to higher expenditures. Additionally, a higher income tax rate can also play a role in elevating the overall cost of living. In Progress Village, the prevailing sales tax rate starts at 6%, and income tax rates kick off at 0%.

Transportation: In situations where public transportation is limited or nonexistent, local residents may be required to own and maintain their own vehicles, contributing to an elevated cost of living. Monthly expenditures may encompass fuel costs, insurance premiums, routine vehicle upkeep and possibly lease or financing payments. In Progress Village, the transportation index is 0.4% higher than the national average.

Housing: When there's a high demand for housing in trendy places, it can cause property prices and rental rates to soar, leading to a significantly higher cost of living. Conversely, in less desirable locations, where demand is low, prices tend to decrease, resulting in a more budget-friendly cost of living. In Progress Village, the housing index is 19.3% higher than the national average.

Where is the Data From?

The Progress Village 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.

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Cost Of Living Quick Facts

  • The cost of living in Progress Village is 6% higher than the Florida average
  • The cost of living in Progress Village is 3% higher than the national average
  • Progress Village housing is 19% 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 Progress Village

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Compare Progress Village, 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$76,322$6,360$1,781$2,290
      Renters$35,149$2,929$820$1,055
      A good indicator of the general affordability of housing in Progress Village, FL, is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Progress Village, the median monthly income is $76,322 for those who own their own homes. Under the standard rule, that income level would allow for $1,781 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $35,149, per the median income in the area. That would allow for renters to spend up to $820 on monthly rental expenses.

      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 Progress Village National avg. Difference
      Haircut $15.67$24.2635.4%
      Beauty Salon $54.72$45.5620.1%
      Toothpaste $3.67$3.700.8%
      Shampoo $1.48$1.2815.3%
      Movie $8.61$12.1329.1%
      Bowling $19.67$18.009.3%

      Groceries

      Item Progress Village National avg. Difference
      Ground Beef $6.06$5.843.8%
      Fried Chicken $1.48$1.575.7%
      Milk $4.56$4.672.3%
      Potatoes $5.34$4.938.1%
      Pizza $8.38$12.0930.6%
      Beer $10.69$10.412.6%

      Health Care

      Item Progress Village National avg. Difference
      Optometrist $146.67$125.6816.7%
      Doctor $122.32$135.789.9%
      Dentist $103.33$113.298.8%
      Ibuprofen $10.74$10.650.8%
      Lipitor $523.90$468.6011.8%

      Housing

      Item Progress Village National avg. Difference
      Home Price $191,100.00$184,700.003.5%
      Avg. Mortgage Payment $1,846.50$2,346.6921.3%
      Apartment Rent $1,483.00$949.0056.3%

      Transportation

      Item Progress Village National avg. Difference
      Gasoline $3.42$3.461.0%
      Tire Balancing $57.28$59.924.4%

      Utilities

      Item Progress Village National avg. Difference
      All Electricity $219.66$193.9913.2%
      Phone $194.37$192.251.1%
      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.
      Dover, FL3,0989010.4%
      University CDP (Orange County), FL34,379927.5%
      Mango, FL11,638936.9%
      Palm River-Clair Mel, FL24,571945.8%
      East Lake-Orient Park, FL29,750945.5%
      Progress Village, FL10,3731033.1%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Gloucester Point, VA10,3731076.7%
      Miami Shores, FL10,37214848.2%
      Rideau Lakes, ON10,371n/a 
      Richmond Heights, OH10,376919.3%
      Columbia, PA10,369954.7%
      Progress Village, FL10,3731033.1%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.