A+
2%
Overall NAT. AVG.
7%
Goods & Services NAT. AVG.
15%
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 Town 'n' Country Florida National
Cost of living10298100
Goods & Services9398100
Groceries10099100
Health care9296100
Housing11596100
Transportation10099100
Utilities9997100

An Overview of Cost of Living in Town 'n' Country, FL

Knowing the cost of living in Town 'n' Country 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 Town 'n' Country stands at 102, marking it 2% higher than the national average.

The cost of living in Town 'n' Country closely mirrors the national average in comparison to other cities nationwide. Essential items such as groceries, goods and services, health care and utilities are priced at a level consistent with similar urban areas. This means that residents of Town 'n' Country can anticipate that their daily expenses will remain reasonably in line with those of an average city, contributing to a manageable cost of living.

Is Town 'n' Country Affordable?

Is Town 'n' Country 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 Town 'n' Country is 5.8% higher than the national average, while the average monthly rent prices are 35.5% higher than average. The affordability of any location can also be influenced by median income levels. Town 'n' Country has a median household income of $56,767, which is 2.6% higher than the national average.

What Factors can Influence the Cost of Living in Town 'n' Country?

Healthcare: Healthcare costs and insurance premiums can fluctuate greatly based on the city or state. Access to healthcare facilities, out-of-pocket expenses for doctor\’s visits, dentist costs, medication costs and specialized care costs can all impact the cost of living. In Town 'n' Country, the healthcare costs are 8% lower than the national average.

Utilities: Similar to the prices of any other goods or services, utility expenditures can exhibit substantial variability, influenced by factors such as climate, energy sources accessibility, geographical location and state regulations. Costs related to electricity, water, heating, and waste disposal can fluctuate, whether higher or lower, contingent on the city or state. In Town 'n' Country, the utilities index is 1.1% lower than the national average.

Urbanization: Urban areas with a wealth of amenities and employment opportunities tend to come with a higher price tag for living. Why? Well, more people want to be there, which drives up home prices and rents. On the flip side, less densely populated rural areas or places where there's not as much demand usually mean fewer attractions, things to do and slower job growth. That often results in a lower cost of living.

Where is the Data From?

The Town 'n' Country 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. Published on a quarterly basis, it compiles data from more than 300 independent researchers, encompassing over 60 goods and services. These items have been meticulously selected to represent various consumer expenditure categories, in 6 categories. Weightings assigned to cost differentials draw from government survey data tracking spending patterns among professional and executive households. While the C2ER index excludes data on sales or income tax rates, AreaVibes incorporates tax rates into the overall cost of living score for each region.

New Real Estate Listings in Town 'n' Country Area
Search Homes for Sale in Town 'n' Country, FL

Cost Of Living Quick Facts

  • The cost of living in Town 'n' Country is 4% higher than the Florida average
  • The cost of living in Town 'n' Country is 2% higher than the national average
  • Town 'n' Country housing is 15% 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 Town 'n' Country

See all the best places to live around Town 'n' Country

Compare Town 'n' Country, FL Cost of Living

      vs
      How would you rate the cost of living in Town 'n' Country?
      Write a review to give others more information about this area.
      Is the cost of living increasing or decreasing in Town 'n' Country?
      Write a review to give others more information about this area.
      See all Town 'n' Country 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$66,733$5,561$1,557$2,002
      Renters$49,823$4,152$1,162$1,495
      The affordability of the housing market in Town 'n' Country, 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 Town 'n' Country homeowners, the median income is $66,733. This indicates that a monthly maximum of $1,557 should be spent by homeowners on all housing related costs. Renters have a median income of $49,823. This indicates that renters would have a maximum of $1,162 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 Town 'n' Country National avg. Difference
      Haircut $15.67$24.2635.4%
      Beauty Salon $54.72$45.5620.1%
      Toothpaste $3.67$3.700.8%
      Shampoo $1.48$1.2815.3%
      Movie $8.61$12.1329.1%
      Bowling $19.67$18.009.3%

      Groceries

      Item Town 'n' Country National avg. Difference
      Ground Beef $6.06$5.843.8%
      Fried Chicken $1.48$1.575.7%
      Milk $4.56$4.672.3%
      Potatoes $5.34$4.938.1%
      Pizza $8.38$12.0930.6%
      Beer $10.69$10.412.6%

      Health Care

      Item Town 'n' Country National avg. Difference
      Optometrist $146.67$125.6816.7%
      Doctor $122.32$135.789.9%
      Dentist $103.33$113.298.8%
      Ibuprofen $10.74$10.650.8%
      Lipitor $523.90$468.6011.8%

      Housing

      Item Town 'n' Country National avg. Difference
      Home Price $195,400.00$184,700.005.8%
      Avg. Mortgage Payment $1,846.50$2,346.6921.3%
      Apartment Rent $1,286.00$949.0035.5%

      Transportation

      Item Town 'n' Country National avg. Difference
      Gasoline $3.42$3.461.0%
      Tire Balancing $57.28$59.924.4%

      Utilities

      Item Town 'n' Country National avg. Difference
      All Electricity $219.66$193.9913.2%
      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.
      Holiday, FL21,0068713.2%
      Beacon Square, FL7,0318712.7%
      South Highpoint, FL5,8448812.5%
      Elfers, FL12,9158811.7%
      Lealman, FL21,621909.6%
      Town 'n' Country, FL89,7911021.7%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Fall River, MA89,61811313.1%
      Indio, CA89,99612323.3%
      Germantown, MD89,52913130.8%
      Toms River, NJ90,08112322.5%
      Peterborough, ON89,500n/a 
      Town 'n' Country, FL89,7911021.7%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.