Cost Of Living in South Bay, FL

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	South Bay	Florida	National
Cost of living	91	98	100
Goods & Services	105	98	100
Groceries	104	99	100
Health care	93	96	100
Housing	64	96	100
Transportation	101	99	100
Utilities	103	97	100

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Cost Of Living Quick Facts

The cost of living in South Bay is 6% lower than the Florida average
The cost of living in South Bay is 9% lower than the national average
South Bay housing is 36% 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

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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	$50,368	$4,197	$1,175	$1,511
Renters	$22,294	$1,858	$520	$669

The affordability of the housing market in South Bay, 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 South Bay homeowners, the median income is $50,368. This indicates that a monthly maximum of $1,175 should be spent by homeowners on all housing related costs. Renters have a median income of $22,294. This indicates that renters would have a maximum of $520 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	South Bay	National avg.	Difference
Haircut	$22.18	$24.26	8.6%
Beauty Salon	$73.78	$45.56	61.9%
Toothpaste	$3.50	$3.70	5.6%
Shampoo	$1.49	$1.28	16.0%
Movie	$13.42	$12.13	10.6%
Bowling	$23.13	$18.00	28.5%

Groceries

Item	South Bay	National avg.	Difference
Ground Beef	$5.79	$5.84	0.8%
Fried Chicken	$1.40	$1.57	11.2%
Milk	$4.58	$4.67	2.0%
Potatoes	$5.27	$4.93	6.8%
Pizza	$14.00	$12.09	15.8%
Beer	$11.23	$10.41	7.9%

Health Care

Item	South Bay	National avg.	Difference
Optometrist	$113.16	$125.68	10.0%
Doctor	$114.67	$135.78	15.5%
Dentist	$106.72	$113.29	5.8%
Ibuprofen	$10.94	$10.65	2.7%
Lipitor	$489.98	$468.60	4.6%

Housing

Item	South Bay	National avg.	Difference
Home Price	$92,200.00	$184,700.00	50.1%
Avg. Mortgage Payment	$3,476.17	$2,346.69	48.1%
Apartment Rent	$929.00	$949.00	2.1%

Transportation

Item	South Bay	National avg.	Difference
Gasoline	$3.43	$3.46	0.9%
Tire Balancing	$63.46	$59.92	5.9%

Utilities

Item	South Bay	National avg.	Difference
All Electricity	$200.94	$193.99	3.6%
Phone	$194.37	$192.25	1.1%

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.
Lake Harbor, FL	60	103	3.1%
Harlem, FL	2,705	86	13.5%
Pioneer, FL	377	89	11.0%
Pahokee, FL	6,286	91	8.7%
Belle Glade, FL	19,829	91	8.6%
South Bay, FL	6,665	91	8.5%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Church Hill, TN	6,664	88	12.3%
Sunnyvale, TX	6,664	127	27.3%
Contra Costa Centre, CA	6,667	184	84.1%
Hamilton, AL	6,662	78	22.3%
Medfield, MA	6,668	172	71.9%
South Bay, FL	6,665	91	8.5%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

Cost of Living in South Bay, FL