A+
1%
Overall NAT. AVG.
7%
Goods & Services NAT. AVG.
5%
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 Egypt Lake-Leto Florida National
Cost of living9998100
Goods & Services9398100
Groceries10099100
Health care9296100
Housing10596100
Transportation10099100
Utilities9997100

An Overview of Cost of Living in Egypt Lake-Leto, FL

Getting a feel for the cost of living in Egypt Lake-Leto 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 Egypt Lake-Leto is 99, which is 1% lower 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.

In Egypt Lake-Leto, daily expenses such as food, housing, goods and services, transportation and health care are in line with comparable areas and about average when compared to all cities across the nation. This ensures that the cost of living in Egypt Lake-Leto will resemble that of an average city, contributing to a manageable cost of living.

Is Egypt Lake-Leto Affordable?

Is Egypt Lake-Leto an affordable place to live? That's a valid question to ask when you're thinking about moving to a new city. After all, how much it costs to live somewhere can be a huge factor in your decision. Affordability can be broken down into 3 common categories. The cost of living index (we talked about it earlier), housing expenses and income levels all play a big role in figuring out if a place is affordable. For instance, in Egypt Lake-Leto, the median home price is 1.1% higher than what most folks pay across the country, and monthly rent prices are 12.9% higher than the usual rates. Income levels in Egypt Lake-Leto come in at $46,693, which is 15.6% lower than the national average.

What Factors can Influence the Cost of Living in Egypt Lake-Leto?

Transportation: If public transportation is limited or not available, residents may need to own and maintain vehicles, which can add to the cost of living. Gas, insurance, regular maintenance and potentially lease or finance payments will all need to be paid on a monthly basis. In Egypt Lake-Leto, the transportation index is 0.4% higher than the national average.

Urbanization: Urban areas with a wealth of amenities and employment opportunities tend to come with a higher price tag for living. Why? Well, more people want to be there, which drives up home prices and rents. On the flip side, less densely populated rural areas or places where there's not as much demand usually mean fewer attractions, things to do and slower job growth. That often results in a lower cost of living.

Subsidies: Certain regions may provide government subsidies or assistance initiatives designed to alleviate the cost of living burden on their residents. These programs encompass a wide range of support mechanisms, such as 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 farming subsidies. Areas with fewer subsidy offerings might experience an elevation in their cost of living.

Where is the Data From?

The Egypt Lake-Leto 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 Egypt Lake-Leto is 1% higher than the Florida average
  • The cost of living in Egypt Lake-Leto is 1% lower than the national average
  • Egypt Lake-Leto housing is 5% 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 Egypt Lake-Leto

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Compare Egypt Lake-Leto, 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$53,554$4,463$1,250$1,607
      Renters$41,643$3,470$972$1,249
      A good indicator of the general affordability of housing in Egypt Lake-Leto, 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 Egypt Lake-Leto, the median monthly income is $53,554 for those who own their own homes. Under the standard rule, that income level would allow for $1,250 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $41,643, per the median income in the area. That would allow for renters to spend up to $972 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 Egypt Lake-Leto 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 Egypt Lake-Leto 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 Egypt Lake-Leto 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 Egypt Lake-Leto National avg. Difference
      Home Price $186,700.00$184,700.001.1%
      Avg. Mortgage Payment $1,846.50$2,346.6921.3%
      Apartment Rent $1,071.00$949.0012.9%

      Transportation

      Item Egypt Lake-Leto National avg. Difference
      Gasoline $3.42$3.461.0%
      Tire Balancing $57.28$59.924.4%

      Utilities

      Item Egypt Lake-Leto 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.
      Holiday, FL21,0068713.2%
      Beacon Square, FL7,0318712.7%
      South Highpoint, FL5,8448812.5%
      Elfers, FL12,9158811.7%
      Lealman, FL21,621909.6%
      Egypt Lake-Leto, FL37,775991.3%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Clinton, MD37,76512828.4%
      Atlantic City, NJ37,793981.5%
      Hanover Park, IL37,8111098.7%
      Rosenberg, TX37,8161000.4%
      Fort Lee, NJ37,84314140.8%
      Egypt Lake-Leto, FL37,775991.3%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.