Orlando and Orange County Cost of Living
The cost of living index is based on the composite price of groceries, housing, utilities, transportation, health care, clothing and entertainment.
Cost of living indexes will generally be higher in areas that offer access to beaches, culture, arts and recreation. In addition areas, that offer a wider variety of services such as health and education will run higher due to higher wages, and increased quality of living.
Cost of living indexing explanation
• A figure of 100 points is used as an average both for the USA and Florida. For example:
• Boise Idaho is ranked at a 99
• Boston Mass is rated at 240
• San Francisco at 217
• Orlando Fl is 100.8 and Miami is 115.4
• Statewide, Florida cities come in from a low of 90 and up.
• One way to compare Florida areas to salary requirements
For example-If you were relocating from Portland Oregon (whose rate 1s 120) to Orlando, and you currently make $50,000 per year, the formula is as follows
• Take the destination index, in this case Orlando-99.8 and divide by Portland’s index-120, then multiply by a salary of $50,000. This will give you a figure of $41,583, which would be required to make in Orlando and have the same quality of life. *
Re cost of living--in some areas Real Estate has went up dramatically however costs that factor in such as food, transportation, rents etc have not increased at the same rate-so in some areas, even though housing is expensive, the overall rating may still be low.
• Orange County comes in at a Cost of Living index of 99.08 (2004)
A lower cost of living means you keep more of what you make. That mixed in with a great quality of life makes Orange County very appealing.
There is one thing you need to be aware of and that is the housing market has risen here significantly-so the housing cost will skew the CGI index.. Prices have gone up 30 to 40 percent in just the last year—there is some sign that things are slowing down but in comparison to other parts of the country (see below) and given the lifestyle here, is why the areas real Estate market is hot.
You can still find homes ranging from 200,00-300,000 (condos to single family)
• Information from Accra-Third qtr 2005
• Daytona 101.0
• Ft Lauderdale 117.4
• Jacksonville 92.7
• Miami/Dade 115.4
• Orlando 100.8
• Pensacola 97.1
• Sarasota 107.0
• Tampa 97.2
• Ft Myers 103.0
• Clearwater 94.3
• St Pete 94.3
• Bradenton 95.8
• Gainesville 99.4
• Port Charlotte 95.4
• Fl Keys 112.43
• West Palm Beach 114.1
• Naples 122.9
• (Population Weighted-State Average=100
See national comparisons
Cost of living (100 = nationwide average)
See national comparisons of cost of living:
Cost of living (100 = nationwide average)
• New York, NY 364
• Long Beach, NY 340
• Palo Alto, CA 268
• Menlo Park, CA 265
• Los Altos, CA 261
• Saratoga, CA 261
• Boston, MA 240
• Malibu, CA 233
• San Francisco, CA 217
• Greenwich, CT 215
• Cambridge, MA 211
• Santa Monica, CA 197
• Keystone, CO 194
• San Rafael, CA 192
• Weston, CT 192
• Darien, CT 192
• Wellesley, MA 192
• Fort Lee, NJ 189
• Arlington, VA 184
• Honolulu, HI 184
• Washington, DC 181
• Princeton, NJ 180
• Vail, CO 178
• Chicago, IL 166
• Sunnyvale, CA 164
• San Mateo, CA 163
• Marathon, FL 161
• Ridgewood, NJ 159
• Mystic, CT 159
For a complete list go to http://verticals.yahoo.com/cities/categories/costofliving.html
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