A
9%
Overall NAT. AVG.
5%
Goods & Services NAT. AVG.
25%
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 San Carlos Park Florida National
Cost of living10998100
Goods & Services10598100
Groceries9999100
Health care10896100
Housing12596100
Transportation10799100
Utilities9697100

An Overview of Cost of Living in San Carlos Park, FL

Understanding the cost of living in San Carlos Park can help future residents assess whether their current financial situation aligns with the expenses they will encounter. It enables them to plan for potential changes in their budget and lifestyle. The San Carlos Park cost of living index is 109, which is 9% higher than the national average. The cost of living index is calculated by taking into account multiple categories, which encompass both the cost of everyday expenditures and larger expenses as well.

The cost of living in San Carlos Park aligns closely with the national average when compared to other cities across the nation. Everyday essentials such as groceries, goods and services, health care and utility bills are priced at a level consistent with the average in similar urban areas. San Carlos Park residents can anticipate that their daily expenses won't be significantly higher than those in an average city, ensuring that the cost of living remains manageable.

When it comes to the cost of living in San Carlos Park, housing costs are a real heavyweight, often hogging a significant chunk of your earnings. Sadly, in this area, housing expenses for both buying and renting were 24.9% more expensive compared to your average city. That means you'll be shelling out more for homes, rents, mortgage rates and insurance.

Is San Carlos Park Affordable?

Is San Carlos Park 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 San Carlos Park is 19.3% higher than the national average, while the average monthly rent prices are 38% higher than average. The affordability of any location can also be influenced by median income levels. San Carlos Park has a median household income of $67,281, which is 21.6% higher than the national average.

What Factors can Influence the Cost of Living in San Carlos Park?

Groceries: Over the past 2-3 years, grocery expenses have experienced substantial upward trends. In certain markets, food prices have surged by over 20% during this period, while others have witnessed more modest increases. These fluctuations in food costs can wield significant influence over the overall cost of living in a given region. In San Carlos Park, the groceries index is 1.1% lower than the national average.

Healthcare: The costs associated with healthcare and insurance premiums can exhibit notable disparities based on the city or state of residence. Access to healthcare facilities, out-of-pocket expenses for medical appointments, dental care charges, prescription medication costs and specialized medical care expenses all contribute to variations in the cost of living. In San Carlos Park, healthcare costs are 7.5% higher than the national average.

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 San Carlos Park, the transportation index stands at 7.4% higher than the national average.

Where is the Data From?

The San Carlos Park cost of living data displayed above is derived from the C2ER cost of living index to provide a useful and reasonably accurate measure of living cost differences in urban areas. The index takes into account data from 300 independent researches, covering more than 60 goods and services across 6 different categories, to create an overall index for each area, with 100 being the average. The C2ER index does not include sales or income tax rates in their data, however AreaVibes does include both income and sales tax rates in the overall cost of living score for each area.

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Cost Of Living Quick Facts

  • The cost of living in San Carlos Park is 12% higher than the Florida average
  • The cost of living in San Carlos Park is 9% higher than the national average
  • San Carlos Park housing is 25% 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 San Carlos Park

See all the best places to live around San Carlos Park

Compare San Carlos Park, 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$70,401$5,867$1,643$2,112
      Renters$54,858$4,572$1,280$1,646
      The affordability of the housing market in San Carlos Park, 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 San Carlos Park homeowners, the median income is $70,401. This indicates that a monthly maximum of $1,643 should be spent by homeowners on all housing related costs. Renters have a median income of $54,858. This indicates that renters would have a maximum of $1,280 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 San Carlos Park National avg. Difference
      Haircut $28.20$24.2616.2%
      Beauty Salon $54.05$45.5618.6%
      Toothpaste $3.63$3.701.9%
      Shampoo $1.45$1.2813.5%
      Movie $13.05$12.137.6%
      Bowling $21.20$18.0017.8%

      Groceries

      Item San Carlos Park National avg. Difference
      Ground Beef $6.06$5.843.8%
      Fried Chicken $1.40$1.5711.0%
      Milk $4.57$4.672.2%
      Potatoes $5.24$4.936.1%
      Pizza $11.72$12.093.0%
      Beer $11.06$10.416.2%

      Health Care

      Item San Carlos Park National avg. Difference
      Optometrist $101.67$125.6819.1%
      Doctor $153.94$135.7813.4%
      Dentist $122.09$113.297.8%
      Ibuprofen $10.59$10.650.6%
      Lipitor $535.04$468.6014.2%

      Housing

      Item San Carlos Park National avg. Difference
      Home Price $220,400.00$184,700.0019.3%
      Avg. Mortgage Payment $2,422.46$2,346.693.2%
      Apartment Rent $1,310.00$949.0038.0%

      Transportation

      Item San Carlos Park National avg. Difference
      Gasoline $3.47$3.460.2%
      Tire Balancing $74.92$59.9225.0%

      Utilities

      Item San Carlos Park National avg. Difference
      All Electricity $179.36$193.997.5%
      Phone $194.07$192.250.9%
      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.
      North Fort Myers, FL42,315928.1%
      Tice, FL5,379936.7%
      Pine Manor, FL4,582955.1%
      Harlem Heights, FL1,362954.7%
      Palmona Park, FL754982.4%
      San Carlos Park, FL18,2561099.4%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Arcata, CA18,26612828.4%
      Hyattsville, MD18,26713232.2%
      North Massapequa, NY18,23915049.6%
      Bensenville, IL18,2731088.4%
      Schofield Barracks, HI18,27617979.2%
      San Carlos Park, FL18,2561099.4%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.