C+
12%
Overall NAT. AVG.
0%
Goods & Services NAT. AVG.
41%
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 Bee Ridge Florida National
Cost of living11298100
Goods & Services10098100
Groceries10199100
Health care10396100
Housing14196100
Transportation9799100
Utilities10097100

An Overview of Cost of Living in Bee Ridge, FL

The cost of living in Bee Ridge affects the quality of life one can afford in this new location. It allows people to assess whether they can maintain their preferred lifestyle, including housing, leisure activities and dining options. Your total monthly expenditures can varry depending on the area, as well as many other factors. The cost of living in Bee Ridge is 112, which is 12% higher than the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.

Housing costs significantly influence the Bee Ridge cost of living index, typically accounting for a substantial portion of one's post-tax income. Regrettably, within this particular region, expenses related to both residential ownership and renting exceeded those observed in an average city by 41.4%. This entails elements such as housing and rental prices, mortgage interest rates and insurance costs.

Is Bee Ridge Affordable?

Is Bee Ridge affordable? This is a pivotal question, especially when mulling over a move, as affordability carries substantial weight in your decision-making process. Factors such as the cost of living index (discussed earlier), housing expenses and income levels all contribute to a location's affordability. For instance, in Bee Ridge, the median home price is 35.3% higher than the national average and monthly rent prices are 55.6% higher than the typical rates. Additionally, the median income levels play a role in affordability, with Bee Ridge boasting a median household income of $66,815, 20.8% higher than the national average.

What Factors can Influence the Cost of Living in Bee Ridge?

Transportation: When public transportation options are limited or non-existent, residents frequently resort to vehicle ownership, which can significantly contribute to the overall cost of living. Monthly financial obligations encompass fuel, insurance, regular maintenance and potentially lease or financing expenses. In Bee Ridge, the transportation index is 2.9% lower than the national average.

Healthcare: Healthcare costs and insurance premiums can fluctuate greatly based on the city or state. Access to healthcare facilities, out-of-pocket expenses for doctor\’s visits, dentist costs, medication costs and specialized care costs can all impact the cost of living. In Bee Ridge, the healthcare costs are 2.6% higher than the national average.

Groceries: Grocery prices have seen substantial hikes in the last 2-3 years, with some markets witnessing food cost increases of over 20% during this period. Conversely, certain markets have experienced only moderate upticks. These variations in food expenses can have a substantial impact on the overall cost of living in any locality. In Bee Ridge, the groceries index is 1.3% higher than the national average.

Where is the Data From?

The Bee Ridge 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. The index takes into account data from 300 independent researches, covering more than 60 goods and services across 6 different categories, to create an overall index for each area, with 100 being the average. The C2ER index does not include sales or income tax rates in their data, however AreaVibes does include both income and sales tax rates in the overall cost of living score for each area.

New Real Estate Listings in Bee Ridge Area
Search Homes for Sale in Bee Ridge, FL

Cost Of Living Quick Facts

  • The cost of living in Bee Ridge is 15% higher than the Florida average
  • The cost of living in Bee Ridge is 12% higher than the national average
  • Bee Ridge housing is 41% 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 Bee Ridge

See all the best places to live around Bee Ridge

Compare Bee Ridge, FL Cost of Living

      vs
      How would you rate the cost of living in Bee Ridge?
      Write a review to give others more information about this area.
      Is the cost of living increasing or decreasing in Bee Ridge?
      Write a review to give others more information about this area.
      See all Bee Ridge 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$67,067$5,589$1,565$2,012
      Renters$64,635$5,386$1,508$1,939
      A good indicator of the general affordability of housing in Bee Ridge, 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 Bee Ridge, the median monthly income is $67,067 for those who own their own homes. Under the standard rule, that income level would allow for $1,565 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $64,635, per the median income in the area. That would allow for renters to spend up to $1,508 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 Bee Ridge National avg. Difference
      Haircut $26.28$24.268.3%
      Beauty Salon $41.57$45.568.8%
      Toothpaste $3.67$3.701.0%
      Shampoo $1.36$1.286.5%
      Movie $13.08$12.137.8%
      Bowling $16.72$18.007.1%

      Groceries

      Item Bee Ridge National avg. Difference
      Ground Beef $5.02$5.8414.0%
      Fried Chicken $1.48$1.576.0%
      Milk $4.54$4.672.8%
      Potatoes $5.47$4.9310.9%
      Pizza $10.96$12.099.3%
      Beer $10.58$10.411.6%

      Health Care

      Item Bee Ridge National avg. Difference
      Optometrist $104.04$125.6817.2%
      Doctor $122.85$135.789.5%
      Dentist $112.75$113.290.5%
      Ibuprofen $10.35$10.652.9%
      Lipitor $447.95$468.604.4%

      Housing

      Item Bee Ridge National avg. Difference
      Home Price $249,900.00$184,700.0035.3%
      Avg. Mortgage Payment $1,781.84$2,346.6924.1%
      Apartment Rent $1,477.00$949.0055.6%

      Transportation

      Item Bee Ridge National avg. Difference
      Gasoline $3.56$3.462.8%
      Tire Balancing $63.29$59.925.6%

      Utilities

      Item Bee Ridge National avg. Difference
      All Electricity $149.04$193.9923.2%
      Phone $193.01$192.250.4%
      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.
      South Bradenton, FL24,8859010.4%
      Whitfield CDP (Santa Rosa County), FL2039010.2%
      Bayshore Gardens, FL20,380937.4%
      West Samoset, FL7,191946.4%
      Samoset, FL4,701945.7%
      Bee Ridge, FL10,28311212.5%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Gig Harbor, WA10,28015252.3%
      Jefferson, LA10,286972.7%
      Pella, IA10,279972.9%
      Reading, OH10,287946.3%
      Troy, IL10,278963.9%
      Bee Ridge, FL10,28311212.5%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.