Cost of Living in Kissimmee, FL

An Overview of Cost of Living in Kissimmee, FL

Knowing the cost of living in Kissimmee allows individuals to create a realistic budget. This helps them understand how their income will cover expenses and whether they need to make financial adjustments. The cost of living in any region can fluctuate due to various factors. To assess the cost of living consistently across different areas, a national average of 100 serves as the basis for the cost of living index. The cost of living in Kissimmee stands at 102, marking it 2% higher than the national average.

In Kissimmee, 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 Kissimmee will resemble that of an average city, contributing to a manageable cost of living.

What Do Locals Say About the Cost of Living in Kissimmee?

Nobody knows their city better than the people who actually live there. So, we asked 5 local residents how they would rate the cost of living in Kissimmee and this is how they responded. 0% of people said that the cost of living was affordable, with prices decreasing, while 100% of people said that the cost of living was very expensive and prices continue to rise.

Is Kissimmee Affordable?

Wondering if Kissimmee is affordable? It's a question that often comes up when you're thinking about a new city since affordability can really shape your decisions. The cost of living index (covered earlier), housing expenses and income levels all play a part in the affordability equation. In Kissimmee, for example, the median home price is 9% higher than what folks pay nationally, and monthly rent is 24% higher than the usual rates. Plus, income levels matter too, with Kissimmee boasting a median household income of $41,399, which is 25.2% lower than the national average.

What Factors can Influence the Cost of Living in Kissimmee?

Transportation: In cities with limited or no public transportation, residents may find it necessary to own and maintain vehicles, thereby elevating the cost of living. Monthly expenditures include fuel, insurance, routine maintenance and potential lease or financing commitments. In Kissimmee, the transportation index stands at 4.8% lower than the national average.

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: Locations with elevated tax rates, encompassing both sales and income taxes, can be a factor in driving up the cost of living. When you're paying more in taxes for everyday goods and services, it naturally translates into higher expenses. Similarly, a higher income tax rate can also contribute to an overall higher cost of living. In Kissimmee, the standard sales tax rate starts at 6%, and the income tax rates commence at 0%.

Where is the Data From?

The cost of living in Kissimmee, presented above is derived from the C2ER cost of living index, offering a practical method for assessing living cost disparities in urban areas. Published quarterly, this index compiles data from more than 300 independent researchers, encompassing over 60 goods and services in 6 categories. The weightings assigned to cost variances are informed by government survey data tracking the expenditure patterns of professional and executive households. It should be noted that the C2ER index does not include data on sales or income tax rates, however, AreaVibes incorporates tax rates into the overall cost of living score for each area.