Cost Of Living in Goulding, FL

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	Goulding	Florida	National
Cost of living	85	98	100
Goods & Services	105	98	100
Groceries	95	99	100
Health care	94	96	100
Housing	56	96	100
Transportation	89	99	100
Utilities	83	97	100

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Cost Of Living Quick Facts

The cost of living in Goulding is 13% lower than the Florida average
The cost of living in Goulding is 15% lower than the national average
Goulding housing is 44% 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

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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	$26,927	$2,244	$628	$808
Renters	$18,108	$1,509	$422	$543

The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Goulding, FL, as well as what the overall cost of living might be. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payments and not more than 36 percent of income on all expenses and debts. In Goulding, homeowners have a median income of $26,927. Using that number, a maximum of $628 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $18,108, which means there is a maximum of $422 to be spent on the costs of renting a home or apartment.

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	Goulding	National avg.	Difference
Haircut	$21.34	$24.26	12.0%
Beauty Salon	$52.41	$45.56	15.0%
Toothpaste	$3.71	$3.70	0.3%
Shampoo	$1.17	$1.28	8.4%
Movie	$12.99	$12.13	7.1%
Bowling	$20.00	$18.00	11.1%

Groceries

Item	Goulding	National avg.	Difference
Ground Beef	$6.17	$5.84	5.7%
Fried Chicken	$1.67	$1.57	6.2%
Milk	$4.50	$4.67	3.8%
Potatoes	$5.20	$4.93	5.4%
Pizza	$12.56	$12.09	3.9%
Beer	$10.49	$10.41	0.8%

Health Care

Item	Goulding	National avg.	Difference
Optometrist	$107.95	$125.68	14.1%
Doctor	$106.49	$135.78	21.6%
Dentist	$113.85	$113.29	0.5%
Ibuprofen	$10.06	$10.65	5.6%
Lipitor	$510.84	$468.60	9.0%

Housing

Item	Goulding	National avg.	Difference
Home Price	$80,200.00	$184,700.00	56.6%
Avg. Mortgage Payment	$1,585.50	$2,346.69	32.4%
Apartment Rent	$822.00	$949.00	13.4%

Transportation

Item	Goulding	National avg.	Difference
Gasoline	$3.20	$3.46	7.5%
Tire Balancing	$47.55	$59.92	20.6%

Utilities

Item	Goulding	National avg.	Difference
All Electricity	$142.23	$193.99	26.7%
Phone	$188.01	$192.25	2.2%

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.
Dickerson City, FL	75	97	3.0%
Floridatown, FL	313	97	3.0%
Mulat, FL	112	97	3.0%
West Pensacola, FL	22,418	85	15.0%
Brent, FL	21,816	86	14.4%
Goulding, FL	3,906	85	15.2%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Throop, PA	3,906	91	8.5%
Highland Beach, FL	3,907	166	65.7%
Scott City, KS	3,904	92	8.3%
Deephaven, MN	3,904	153	53.4%
Romeo, MI	3,908	101	1.2%
Goulding, FL	3,906	85	15.2%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

Cost of Living in Goulding, FL