Cost of Living in Canal Point, FL

A+
9%
Overall NAT. AVG.
7%
Goods & Services NAT. AVG.
24%
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 Canal Point Florida National
Cost of living9198100
Goods & Services9398100
Groceries9999100
Health care9796100
Housing7696100
Transportation9899100
Utilities10997100
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Cost Of Living Quick Facts

  • The cost of living in Canal Point is 7% lower than the Florida average
  • The cost of living in Canal Point is 9% lower than the national average
  • Canal Point housing is 24% 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

Most Affordable Places to Live in and Around Canal Point

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Compare Canal Point, FL Cost of Living

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      Salary Calculator

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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$128,000$10,667$2,986$3,840
      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 Canal Point National avg. Difference
      Haircut $21.00$24.2613.4%
      Beauty Salon $56.83$45.5624.7%
      Toothpaste $3.68$3.700.6%
      Shampoo $1.32$1.283.1%
      Movie $13.10$12.137.9%
      Bowling $14.75$18.0018.1%

      Groceries

      Item Canal Point National avg. Difference
      Ground Beef $5.85$5.840.2%
      Fried Chicken $1.45$1.578.0%
      Milk $4.52$4.673.2%
      Potatoes $5.38$4.939.0%
      Pizza $12.62$12.094.4%
      Beer $10.69$10.412.6%

      Health Care

      Item Canal Point National avg. Difference
      Optometrist $78.20$125.6837.8%
      Doctor $139.80$135.783.0%
      Dentist $132.83$113.2917.3%
      Ibuprofen $10.32$10.653.1%
      Lipitor $526.92$468.6012.4%

      Housing

      Item Canal Point National avg. Difference
      Home Price $154,800.00$184,700.0016.2%
      Avg. Mortgage Payment $2,007.04$2,346.6914.5%
      Apartment Rent $533.00$949.0043.8%

      Transportation

      Item Canal Point National avg. Difference
      Gasoline $3.45$3.460.5%
      Tire Balancing $54.85$59.928.5%

      Utilities

      Item Canal Point National avg. Difference
      All Electricity $144.67$193.9925.4%
      Phone $196.14$192.252.0%
      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, FL601033.1%
      Indiantown, FL7,1258514.8%
      Pahokee, FL6,286918.7%
      Belle Glade, FL19,829918.6%
      South Bay, FL6,665918.5%
      Canal Point, FL473919.0%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Fort Yukon, AK47311616.4%
      Courtland, CA47317877.7%
      Thornton, IA4738416.1%
      Creal Springs, IL4738118.5%
      Karnak, IL4738217.6%
      Canal Point, FL473919.0%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
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