F
95%
Overall NAT. AVG.
6%
Goods & Services NAT. AVG.
306%
Housing NAT. AVG.
Search Homes for Sale
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 Pinecrest Florida National
Cost of living19598100
Goods & Services10698100
Groceries10499100
Health care9696100
Housing40696100
Transportation10399100
Utilities10397100

An Overview of Cost of Living in Pinecrest, FL

The cost of living in Pinecrest affects the quality of life one can afford in this new location. It allows people to assess whether they can maintain their preferred lifestyle, including housing, leisure activities and dining options. Your total monthly expenditures can varry depending on the area, as well as many other factors. The cost of living in Pinecrest is 195, which is 95% higher than the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.

If affordability is among your top priorities when searching for a new place to live, this area may not be the ideal fit, as the cost of living in Pinecrest is among the most expensive in the United States. Just a minority of areas exhibit a cost of living at least 20% higher than the national average, and unfortunately, Pinecrest falls into this category, which may not align with your goal of finding a budget-friendly living environment.

Housing costs significantly influence the Pinecrest cost of living index, typically accounting for a substantial portion of one's post-tax income. Regrettably, within this particular region, expenses related to both residential ownership and renting exceeded those observed in an average city by 306.3%. This entails elements such as housing and rental prices, mortgage interest rates and insurance costs.

Is Pinecrest Affordable?

Is Pinecrest 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 Pinecrest is 408.2% higher than the national average, while the average monthly rent prices are 68.5% higher than average. The affordability of any location can also be influenced by median income levels. Pinecrest has a median household income of $164,419, which is 197.2% higher than the national average.

What Factors can Influence the Cost of Living in Pinecrest?

Groceries: Grocery prices have seen substantial hikes in the last 2-3 years, with some markets witnessing food cost increases of over 20% during this period. Conversely, certain markets have experienced only moderate upticks. These variations in food expenses can have a substantial impact on the overall cost of living in any locality. In Pinecrest, the groceries index is 4% higher than the national average.

Healthcare: Healthcare expenditures and insurance premium rates can vary significantly, contingent upon the particular city or state. Factors such as the accessibility of healthcare facilities, out-of-pocket expenses for doctor's appointments, dental care charges, prescription medication costs, and expenses related to specialized medical care can all have an impact on the overall cost of living. In Pinecrest, healthcare costs are 4.2% lower than the national average.

Housing: When everyone's vying for homes in popular areas, it drives up property prices and rents, making the overall cost of living surge. On the flip side, in less sought-after locales, where housing demand is low, prices tend to dip, resulting in a more economical cost of living. In Pinecrest, the housing index comes in at 306.3% higher than the national average.

Where is the Data From?

The cost of living data in Pinecrest displayed above is sourced from the C2ER cost of living index, which serves as a practical tool for comparing living expenses across urban areas. Published on a quarterly basis, this index aggregates data from over 300 independent researchers, encompassing more than 60 goods and services, in 6 different categories. The weightings assigned to cost differences rely on government survey data that tracks the spending habits of professional and executive households. It's worth noting that the C2ER index excludes data on sales or income tax rates, while AreaVibes integrates tax rates into the overall cost of living evaluation for each region.

New Real Estate Listings in Pinecrest Area
Search Homes for Sale in Pinecrest, FL

Cost Of Living Quick Facts

  • The cost of living in Pinecrest is 99% higher than the Florida average
  • The cost of living in Pinecrest is 95% higher than the national average
  • Pinecrest housing is 306% 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 Pinecrest

See all the best places to live around Pinecrest

Compare Pinecrest, FL Cost of Living

      vs
      How would you rate the cost of living in Pinecrest?
      Write a review to give others more information about this area.
      Is the cost of living increasing or decreasing in Pinecrest?
      Write a review to give others more information about this area.
      See all Pinecrest poll results

      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$188,731$15,728$4,403$5,662
      Renters$53,750$4,479$1,254$1,613
      The affordability of the housing market in Pinecrest, FL as well as the overall cost of living can be predicted by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Pinecrest homeowners, the median income is $188,731. This indicates that a monthly maximum of $4,403 should be spent by homeowners on all housing related costs. Renters have a median income of $53,750. This indicates that renters would have a maximum of $1,254 for their rent related monthly 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 Pinecrest National avg. Difference
      Haircut $20.53$24.2615.4%
      Beauty Salon $88.07$45.5693.3%
      Toothpaste $3.51$3.705.2%
      Shampoo $1.53$1.2819.7%
      Movie $14.35$12.1318.2%
      Bowling $23.67$18.0031.5%

      Groceries

      Item Pinecrest National avg. Difference
      Ground Beef $6.11$5.844.6%
      Fried Chicken $1.40$1.5711.2%
      Milk $4.60$4.671.5%
      Potatoes $5.24$4.936.2%
      Pizza $14.13$12.0916.9%
      Beer $11.44$10.419.9%

      Health Care

      Item Pinecrest National avg. Difference
      Optometrist $98.49$125.6821.6%
      Doctor $127.08$135.786.4%
      Dentist $107.83$113.294.8%
      Ibuprofen $11.10$10.654.2%
      Lipitor $490.35$468.604.6%

      Housing

      Item Pinecrest National avg. Difference
      Home Price $938,600.00$184,700.00408.2%
      Avg. Mortgage Payment $3,109.00$2,346.6932.5%
      Apartment Rent $1,599.00$949.0068.5%

      Transportation

      Item Pinecrest National avg. Difference
      Gasoline $3.49$3.460.8%
      Tire Balancing $64.09$59.927.0%

      Utilities

      Item Pinecrest National avg. Difference
      All Electricity $200.94$193.993.6%
      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.
      Homestead Base, FL7251044.2%
      Medley, FL1,0538712.6%
      Gladeview, FL13,490981.8%
      West Little River, FL32,2931033.3%
      Brownsville, FL17,4751055.1%
      Pinecrest, FL19,18319594.8%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Carlisle, PA19,1881022.1%
      Broadview Heights, OH19,1951032.5%
      Frankfort, IL19,16612827.6%
      North Liberty, IA19,1591066.2%
      Nanuet, NY19,14814343.0%
      Pinecrest, FL19,18319594.8%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.