F
38%
Overall NAT. AVG.
1%
Goods & Services NAT. AVG.
133%
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 Celebration Florida National
Cost of living13898100
Goods & Services10198100
Groceries9899100
Health care9296100
Housing23396100
Transportation9599100
Utilities9097100

An Overview of Cost of Living in Celebration, FL

Getting a feel for the cost of living in Celebration 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 Celebration is 138, which is 38% 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.

If affordability is among your top priorities when searching for a new place to live, this area may not be the ideal fit, as the cost of living in Celebration is among the most expensive in the United States. Just a minority of areas exhibit a cost of living at least 20% higher than the national average, and unfortunately, Celebration falls into this category, which may not align with your goal of finding a budget-friendly living environment.

Housing costs significantly influence the Celebration 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 133.4%. This entails elements such as housing and rental prices, mortgage interest rates and insurance costs.

Is Celebration Affordable?

Is Celebration 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 Celebration, for instance, where the median home price falls 157.5% higher than the national average, and monthly rent rates are 77% higher than usual. Additionally, median income levels contribute to the equation, with Celebration flaunting a median household income of $87,323, 57.8% higher than the national norm.

What Factors can Influence the Cost of Living in Celebration?

Taxes: Cities that impose higher taxes, including sales and income taxes, can contribute to an escalated cost of living. The added expense of taxes on everyday goods like clothing and food naturally results in higher overall costs. Similarly, a higher income tax rate can further elevate the cost of living. In Celebration, the general sales tax rate starts at 6%, and income tax rates begin at 0%.

Housing: High demand for housing in desirable locations can drive up property prices and rental rates. This can be a primary contributor to a higher cost of living. While low demand for housing, especially in undesirable locations, can have the reverse effect and drive prices down, resulting in a lower cost of living. The housing index in Celebration, is 133.4% higher than the national average.

Subsidies: Some areas might offer government subsidies or assistance programs that help lower cost of living for residents. These programs can include anything from Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and crop subsidies. Areas that offer less subsidies, could see an increase in their cost of living.

Where is the Data From?

The cost of living data in Celebration displayed above is sourced from the C2ER cost of living index, which serves as a practical tool for comparing living expenses across urban areas. Published on a quarterly basis, this index aggregates data from over 300 independent researchers, encompassing more than 60 goods and services, in 6 different categories. The weightings assigned to cost differences rely on government survey data that tracks the spending habits of professional and executive households. It's worth noting that the C2ER index excludes data on sales or income tax rates, while AreaVibes integrates tax rates into the overall cost of living evaluation for each region.

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Cost Of Living Quick Facts

  • The cost of living in Celebration is 41% higher than the Florida average
  • The cost of living in Celebration is 38% higher than the national average
  • Celebration housing is 133% 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 Celebration

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Compare Celebration, 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$97,721$8,143$2,280$2,932
      Renters$76,000$6,333$1,773$2,280
      The affordability of the housing market in Celebration, FL as well as the overall cost of living can be predicted by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Celebration homeowners, the median income is $97,721. This indicates that a monthly maximum of $2,280 should be spent by homeowners on all housing related costs. Renters have a median income of $76,000. This indicates that renters would have a maximum of $1,773 for their rent related monthly costs.

      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 Celebration National avg. Difference
      Haircut $26.53$24.269.4%
      Beauty Salon $55.13$45.5621.0%
      Toothpaste $3.84$3.703.8%
      Shampoo $1.48$1.2815.8%
      Movie $13.54$12.1311.6%
      Bowling $19.87$18.0010.4%

      Groceries

      Item Celebration National avg. Difference
      Ground Beef $6.26$5.847.1%
      Fried Chicken $1.40$1.5711.0%
      Milk $4.58$4.671.9%
      Potatoes $5.23$4.936.0%
      Pizza $13.13$12.098.6%
      Beer $11.07$10.416.3%

      Health Care

      Item Celebration National avg. Difference
      Optometrist $118.44$125.685.8%
      Doctor $137.00$135.780.9%
      Dentist $125.36$113.2910.7%
      Ibuprofen $10.89$10.652.2%
      Lipitor $446.86$468.604.6%

      Housing

      Item Celebration National avg. Difference
      Home Price $475,600.00$184,700.00157.5%
      Avg. Mortgage Payment $2,463.53$2,346.695.0%
      Apartment Rent $1,680.00$949.0077.0%

      Transportation

      Item Celebration National avg. Difference
      Gasoline $3.39$3.462.1%
      Tire Balancing $57.07$59.924.8%

      Utilities

      Item Celebration National avg. Difference
      All Electricity $190.71$193.991.7%
      Phone $194.67$192.251.3%
      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 Buena Vista, FL4972.6%
      Lake Butler city, FL2,1858118.7%
      Bay Lake, FL438416.3%
      Campbell, FL2,2628515.1%
      Lake Alfred, FL5,993937.3%
      Celebration, FL11,07713838.2%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Forest, VA11,0751055.1%
      Grandview, WA11,075955.3%
      Two Rivers, WI11,0798515.3%
      Kaneohe Station, HI11,07217676.2%
      Lindon, UT11,07213030.3%
      Celebration, FL11,07713838.2%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.