D-
28%
Overall NAT. AVG.
5%
Goods & Services NAT. AVG.
85%
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 The Acreage Florida National
Cost of living12898100
Goods & Services10598100
Groceries10499100
Health care9396100
Housing18596100
Transportation10199100
Utilities10397100

An Overview of Cost of Living in The Acreage, FL

Getting a feel for the cost of living in The Acreage is essential for anyone planning to relocate, as it empowers them to make informed financial decisions, secure a comfortable lifestyle and maintain financial stability in their new environment. The cost of living in The Acreage is 128, which is 28% higher than the national average. Relocating individuals may need to adjust their savings and investment strategies based on the cost of living in the new location. It influences decisions about retirement planning, investments and financial goals.

The cost of living in The Acreage 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, The Acreage falls into this category, which may not be suitable for those seeking an economically favorable living environment.

Housing costs make up a big chunk of the cost of living in The Acreage, 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 85.5% more than the average city. This includes stuff like home prices, rent, mortgage rates, and insurance.

Is The Acreage Affordable?

Is The Acreage an affordable place to live? That's a valid question to ask when you're thinking about moving to a new city. After all, how much it costs to live somewhere can be a huge factor in your decision. Affordability can be broken down into 3 common categories. The cost of living index (we talked about it earlier), housing expenses and income levels all play a big role in figuring out if a place is affordable. For instance, in The Acreage, the median home price is 82.9% higher than what most folks pay across the country, and monthly rent prices are 91.5% higher than the usual rates. Income levels in The Acreage come in at $85,678, which is 54.9% higher than the national average.

What Factors can Influence the Cost of Living in The Acreage?

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 The Acreage, the transportation index is 1.1% higher than the national average.

Utilities: Much like any other costs, utility expenses can exhibit considerable variations, influenced by factors such as climate, available energy sources, geographic location and state regulations. The costs associated with electricity, water, heating, and waste disposal can vary significantly depending on the city or state in question. In The Acreage, the utilities index stands at 2.8% higher than the national average.

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 The Acreage, healthcare costs are 6.6% lower than the national average.

Where is the Data From?

The cost of living in The Acreage, 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 The Acreage is 31% higher than the Florida average
  • The cost of living in The Acreage is 28% higher than the national average
  • The Acreage housing is 85% 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 The Acreage

See all the best places to live around The Acreage

Compare The Acreage, 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$86,741$7,228$2,024$2,602
      Renters$72,736$6,061$1,697$2,182
      A good indicator of the general affordability of housing in The Acreage, 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 The Acreage, the median monthly income is $86,741 for those who own their own homes. Under the standard rule, that income level would allow for $2,024 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $72,736, per the median income in the area. That would allow for renters to spend up to $1,697 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 The Acreage National avg. Difference
      Haircut $22.18$24.268.6%
      Beauty Salon $73.78$45.5661.9%
      Toothpaste $3.50$3.705.6%
      Shampoo $1.49$1.2816.0%
      Movie $13.42$12.1310.6%
      Bowling $23.13$18.0028.5%

      Groceries

      Item The Acreage National avg. Difference
      Ground Beef $5.79$5.840.8%
      Fried Chicken $1.40$1.5711.2%
      Milk $4.58$4.672.0%
      Potatoes $5.27$4.936.8%
      Pizza $14.00$12.0915.8%
      Beer $11.23$10.417.9%

      Health Care

      Item The Acreage National avg. Difference
      Optometrist $113.16$125.6810.0%
      Doctor $114.67$135.7815.5%
      Dentist $106.72$113.295.8%
      Ibuprofen $10.94$10.652.7%
      Lipitor $489.98$468.604.6%

      Housing

      Item The Acreage National avg. Difference
      Home Price $337,800.00$184,700.0082.9%
      Avg. Mortgage Payment $3,476.17$2,346.6948.1%
      Apartment Rent $1,817.00$949.0091.5%

      Transportation

      Item The Acreage National avg. Difference
      Gasoline $3.43$3.460.9%
      Tire Balancing $63.46$59.925.9%

      Utilities

      Item The Acreage National avg. Difference
      All Electricity $200.94$193.993.6%
      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.
      Plantation Mobile Home Park, FL1,6538713.1%
      Mangonia Park, FL2,228973.0%
      Lake Worth, FL36,838981.6%
      San Castle, FL4,0611010.5%
      Royal Palm Estates, FL1,6151011.1%
      The Acreage, FL39,86312827.8%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Chelsea, MA39,87814039.5%
      Calexico, CA39,84111413.6%
      Friendswood, TX39,89311716.6%
      Marion, IA39,910964.0%
      Streamwood, IL39,91711212.3%
      The Acreage, FL39,86312827.8%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.