Cost Of Living in Wallace, 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	Wallace	Florida	National
Cost of living	115	98	100
Goods & Services	105	98	100
Groceries	95	99	100
Health care	94	96	100
Housing	157	96	100
Transportation	89	99	100
Utilities	83	97	100

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Cost Of Living Quick Facts

The cost of living in Wallace is 18% higher than the Florida average
The cost of living in Wallace is 15% higher than the national average
Wallace housing is 57% 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

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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	$81,770	$6,814	$1,908	$2,453
Renters	$0	$0	$0	$0

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	Wallace	National avg.	Difference
Haircut	$21.34	$24.26	12.0%
Beauty Salon	$52.41	$45.56	15.0%
Toothpaste	$3.71	$3.70	0.3%
Shampoo	$1.17	$1.28	8.4%
Movie	$12.99	$12.13	7.1%
Bowling	$20.00	$18.00	11.1%

Groceries

Item	Wallace	National avg.	Difference
Ground Beef	$6.17	$5.84	5.7%
Fried Chicken	$1.67	$1.57	6.2%
Milk	$4.50	$4.67	3.8%
Potatoes	$5.20	$4.93	5.4%
Pizza	$12.56	$12.09	3.9%
Beer	$10.49	$10.41	0.8%

Health Care

Item	Wallace	National avg.	Difference
Optometrist	$107.95	$125.68	14.1%
Doctor	$106.49	$135.78	21.6%
Dentist	$113.85	$113.29	0.5%
Ibuprofen	$10.06	$10.65	5.6%
Lipitor	$510.84	$468.60	9.0%

Housing

Item	Wallace	National avg.	Difference
Home Price	$289,400.00	$184,700.00	56.7%
Avg. Mortgage Payment	$1,585.50	$2,346.69	32.4%
Apartment Rent	$0.00	$949.00	100.0%

Transportation

Item	Wallace	National avg.	Difference
Gasoline	$3.20	$3.46	7.5%
Tire Balancing	$47.55	$59.92	20.6%

Utilities

Item	Wallace	National avg.	Difference
All Electricity	$142.23	$193.99	26.7%
Phone	$188.01	$192.25	2.2%

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.
Dickerson City, FL	75	97	3.0%
Floridatown, FL	313	97	3.0%
Cobbtown, FL	48	97	3.0%
Mulat, FL	112	97	3.0%
Brent, FL	21,816	86	14.4%
Wallace, FL	2,631	115	14.9%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Ridgeway, AK	2,631	126	26.1%
Wareham Center, MA	2,631	128	28.0%
Oronogo, MO	2,631	91	9.3%
McAdoo, PA	2,631	85	15.2%
Mineral Point, WI	2,631	94	6.3%
Wallace, FL	2,631	115	14.9%

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 Wallace, FL