C+
14%
Overall NAT. AVG.
7%
Goods & Services NAT. AVG.
54%
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 Bloomingdale Florida National
Cost of living11498100
Goods & Services9398100
Groceries10099100
Health care9296100
Housing15496100
Transportation10099100
Utilities9997100

An Overview of Cost of Living in Bloomingdale, FL

Getting a feel for the cost of living in Bloomingdale 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 Bloomingdale is 114, which is 14% 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.

Housing costs significantly influence the Bloomingdale 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 54.3%. This entails elements such as housing and rental prices, mortgage interest rates and insurance costs.

Is Bloomingdale Affordable?

Is Bloomingdale affordable? It's a key consideration when pondering a move, as affordability often shapes your choices. The cost of living index (we discussed it earlier), coupled with housing costs and income levels, serves as the cornerstone for determining a location's affordability. Take Bloomingdale, for instance, where the median home price falls 40.7% higher than the national average, and monthly rent rates are 86.2% higher than usual. Additionally, median income levels contribute to the equation, with Bloomingdale flaunting a median household income of $91,821, 66% higher than the national norm.

What Factors can Influence the Cost of Living in Bloomingdale?

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 Bloomingdale, the transportation index is 0.4% higher than the national average.

Urbanization: Larger, urban hubs brimming with ample amenities and robust employment opportunities often showcase a heightened cost of living. This surge is primarily attributed to the amplified demand for services and increased residential migration, culminating in elevated home prices and elevated rental rates. Conversely, less densely populated rural locales or regions characterized by reduced demand tend to offer a more limited array of amenities and undergo slower job market growth, ultimately yielding a more affordable cost of living.

Taxes: Areas with higher taxes, including sales taxes and income taxes, can contribute to a higher cost of living. Paying more tax for everyday goods and services like clothing and food will result in higher costs, as will paying a higher rate of income tax. The general sales tax rate in Bloomingdale starts at 6% and the income tax rates start at 0%.

Where is the Data From?

The cost of living in Bloomingdale, 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.

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

Cost Of Living Quick Facts

  • The cost of living in Bloomingdale is 16% higher than the Florida average
  • The cost of living in Bloomingdale is 14% higher than the national average
  • Bloomingdale housing is 54% 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 Bloomingdale

See all the best places to live around Bloomingdale

Compare Bloomingdale, FL Cost of Living

      vs
      How would you rate the cost of living in Bloomingdale?
      Write a review to give others more information about this area.
      Is the cost of living increasing or decreasing in Bloomingdale?
      Write a review to give others more information about this area.
      See all Bloomingdale 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$95,671$7,973$2,232$2,870
      Renters$80,257$6,688$1,873$2,408
      A good way to judge both the affordability of the housing and the cost of living in Bloomingdale is by simply calculating the maximum that should be spent on housing, otherwise known as the debt-to-income ratio (DTI). The plan is to avoid spending more than 28 percent of the gross income on costs that pertain to housing and no more than 36 percent on all expenses and debts. Bloomingdale has a median income of about $95,671 for people who own homes. Based on that number, a maximum of $2,232 should be spent on expenses related to housing. Renters have a slightly different median income, which is $80,257. Based on this average, renters should spend no more than $1,873 on all rental costs if they want to maintain a non-impoverished standard of living.

      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 Bloomingdale 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 Bloomingdale 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 Bloomingdale 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 Bloomingdale National avg. Difference
      Home Price $259,800.00$184,700.0040.7%
      Avg. Mortgage Payment $1,846.50$2,346.6921.3%
      Apartment Rent $1,767.00$949.0086.2%

      Transportation

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

      Utilities

      Item Bloomingdale 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%
      Willow Oak, FL7,168927.8%
      University CDP (Orange County), FL34,379927.5%
      Mango, FL11,638936.9%
      Palm River-Clair Mel, FL24,571945.8%
      Bloomingdale, FL25,13211413.6%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Riverside, OH25,1278910.9%
      South Salt Lake, UT25,1251109.6%
      Balch Springs, TX25,123963.7%
      North Tustin, CA25,147203102.6%
      Ridgewood, NJ25,11017978.6%
      Bloomingdale, FL25,13211413.6%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.