A
1%
Overall NAT. AVG.
1%
Goods & Services NAT. AVG.
9%
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 Cypress Gardens Florida National
Cost of living10198100
Goods & Services10198100
Groceries9899100
Health care9296100
Housing10996100
Transportation9599100
Utilities9097100

An Overview of Cost of Living in Cypress Gardens, FL

Are you thinking about relocating, but curious about the potential cost of living in Cypress Gardens? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Cypress Gardens stands at 101, making it 1% higher than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.

The cost of living in Cypress Gardens aligns closely with the national average when compared to other cities across the nation. Everyday essentials such as groceries, goods and services, health care and utility bills are priced at a level consistent with the average in similar urban areas. Cypress Gardens residents can anticipate that their daily expenses won't be significantly higher than those in an average city, ensuring that the cost of living remains manageable.

Is Cypress Gardens Affordable?

Is Cypress Gardens an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in Cypress Gardens is 1.7% higher than the national average, while the average monthly rent prices are 27.5% higher than average. The affordability of any location can also be influenced by median income levels. Cypress Gardens has a median household income of $67,154, which is 21.4% higher than the national average.

What Factors can Influence the Cost of Living in Cypress Gardens?

Subsidies: Some cities and states may extend government subsidies or aid programs aimed at reducing the cost of living for their residents. These initiatives encompass diverse forms of support, including 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 farm subsidies. Regions with limited subsidy provisions may witness an increase in their overall cost of living.

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: 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 Cypress Gardens, the general sales tax rate starts at 6%, and income tax rates begin at 0%.

Where is the Data From?

The Cypress Gardens cost of living data you see above is sourced from the C2ER cost of living index, providing a practical and accurate means of comparing living expenses in urban areas. Updated quarterly, this index gathers data from over 300 independent researchers, covering more than 60 goods and services, in 6 different categories. These selections are made meticulously to represent a wide range of consumer expenditure categories. The weightings applied to cost differences are based on government survey data that tracks spending patterns among professional and executive households. It's important to note that while the C2ER index excludes data on sales or income tax rates, AreaVibes factors tax rates into the overall cost of living score for each region.

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Cost Of Living Quick Facts

  • The cost of living in Cypress Gardens is 3% higher than the Florida average
  • The cost of living in Cypress Gardens is 1% higher than the national average
  • Cypress Gardens housing is 9% 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 Cypress Gardens

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Compare Cypress Gardens, FL Cost of Living

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      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$69,223$5,769$1,615$2,077
      Renters$57,045$4,754$1,331$1,712
      A good indicator of the general affordability of housing in Cypress Gardens, 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 Cypress Gardens, the median monthly income is $69,223 for those who own their own homes. Under the standard rule, that income level would allow for $1,615 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $57,045, per the median income in the area. That would allow for renters to spend up to $1,331 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 Cypress Gardens 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 Cypress Gardens 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 Cypress Gardens 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 Cypress Gardens National avg. Difference
      Home Price $187,900.00$184,700.001.7%
      Avg. Mortgage Payment $2,463.53$2,346.695.0%
      Apartment Rent $1,210.00$949.0027.5%

      Transportation

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

      Utilities

      Item Cypress Gardens 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.
      Fussels Corner, FL4,7807920.5%
      Wahneta, FL3,9888218.1%
      Inwood, FL7,1968614.4%
      Crooked Lake Park, FL1,5918713.4%
      Homeland, FL2318613.6%
      Cypress Gardens, FL10,0401011.0%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Tipp City, OH10,039972.9%
      Fairmont, MN10,0429010.0%
      Elkhorn, WI10,034955.1%
      The Pinery, CO10,03315555.4%
      Glenwood Springs, CO10,04813131.2%
      Cypress Gardens, FL10,0401011.0%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.