Cost Of Living in Micco, 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	Micco	Florida	National
Cost of living	88	98	100
Goods & Services	93	98	100
Groceries	99	99	100
Health care	97	96	100
Housing	67	96	100
Transportation	98	99	100
Utilities	109	97	100

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Cost Of Living Quick Facts

The cost of living in Micco is 10% lower than the Florida average
The cost of living in Micco is 12% lower than the national average
Micco housing is 33% 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	$41,352	$3,446	$965	$1,241
Renters	$18,242	$1,520	$426	$547

The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Micco, FL, as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Micco homeowners, is $41,352. This would allow for a maximum of $965 per month to be spent on housing costs. For renters, the median monthly income is $18,242 which would result in a maximum of $426 to be spent on rental 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	Micco	National avg.	Difference
Haircut	$21.00	$24.26	13.4%
Beauty Salon	$56.83	$45.56	24.7%
Toothpaste	$3.68	$3.70	0.6%
Shampoo	$1.32	$1.28	3.1%
Movie	$13.10	$12.13	7.9%
Bowling	$14.75	$18.00	18.1%

Groceries

Item	Micco	National avg.	Difference
Ground Beef	$5.85	$5.84	0.2%
Fried Chicken	$1.45	$1.57	8.0%
Milk	$4.52	$4.67	3.2%
Potatoes	$5.38	$4.93	9.0%
Pizza	$12.62	$12.09	4.4%
Beer	$10.69	$10.41	2.6%

Health Care

Item	Micco	National avg.	Difference
Optometrist	$78.20	$125.68	37.8%
Doctor	$139.80	$135.78	3.0%
Dentist	$132.83	$113.29	17.3%
Ibuprofen	$10.32	$10.65	3.1%
Lipitor	$526.92	$468.60	12.4%

Housing

Item	Micco	National avg.	Difference
Home Price	$107,400.00	$184,700.00	41.9%
Avg. Mortgage Payment	$2,007.04	$2,346.69	14.5%
Apartment Rent	$821.00	$949.00	13.5%

Transportation

Item	Micco	National avg.	Difference
Gasoline	$3.45	$3.46	0.5%
Tire Balancing	$54.85	$59.92	8.5%

Utilities

Item	Micco	National avg.	Difference
All Electricity	$144.67	$193.99	25.4%
Phone	$196.14	$192.25	2.0%

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.
Windsor, FL	377	98	2.4%
Fellsmere, FL	5,692	88	12.2%
Gifford, FL	4,481	88	12.1%
Palm Bay, FL	113,751	98	1.7%
Roseland, FL	1,554	99	0.9%
Micco, FL	8,990	88	11.7%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Brandywine, MD	8,990	141	41.0%
Fairview, TN	8,989	108	8.1%
Spanish Fort, AL	8,991	104	4.1%
Grants, NM	8,987	87	12.9%
Summit, WA	8,993	129	29.0%
Micco, FL	8,990	88	11.7%

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 Micco, FL