Cost of living in Beverly Hills research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Beverly Hills is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Florida, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Beverly Hills is 94, with 100 being the average.
The cost of living index in Beverly Hills is 0.9x lower than the national average.
Beverly Hills ranks as the #142 cheapest in Florida out of 459.
Beverly Hills ranks as the #2,290 cheapest out of 6,412 in the US.
The median home value in Beverly Hills is $107,800.
The median income in Beverly Hills is $37,728.
According to the most recent data on the cost of living, Beverly Hills has an overall cost of living index of 94, which is 0.9x lower than the national index of 100.
Compared to Florida, Beverly Hills has a cost of living index that's 0.9x lower than Florida's index of 101.
The standard of living in Beverly Hills ranks as #142 most affordable out of the 459 places we measured in Florida. By definition, that implies Beverly Hills ranks as the #317 most expensive place in the Sunshine State.
For more reading on life in Beverly Hills, check out:
Six factors go into calculating the cost of living index in Beverly Hills. Here is how it fairs on each of the criteria:
The Services index in Beverly Hills is 97.
The Groceries index in Beverly Hills is 120.
The Health index in Beverly Hills is 90.
The Housing index in Beverly Hills is 51.
The Transportation index in Beverly Hills is 96.
The Utilities index in Beverly Hills is 156.
Living Expense | Beverly Hills | Florida | National Average | |
---|---|---|---|---|
Overall | 94 | 101 | 100 | |
Services | 97 | 98 | 100 | |
Groceries | 120 | 101 | 100 | |
Health | 90 | 96 | 100 | |
Housing | 51 | 108 | 100 | |
Transportation | 96 | 98 | 100 | |
Utilities | 156 | 100 | 100 |
Housing swings affordability the most between places in Florida, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Beverly Hills is $107,800.
The Median Rent in Beverly Hills is $1,003.
The Median Income in Beverly Hills is $37,728.
The Home Value To Income in Beverly Hills is 2.9x.
The Rent To Monthly Income in Beverly Hills is 0.32x.
Statistic | Beverly Hills | Florida | United States |
---|---|---|---|
Median Home Value | $107,800 | $248,700 | $244,900 |
Median Rent | $1,003 | $1,301 | $1,163 |
Median Income | $37,728 | $61,777 | $69,021 |
Home Value To Income | 2.9x | 4.0x | 3.5x |
Rent To Monthly Income | 0.32x | 0.25x | 0.2x |
Item | Beverly Hills | Florida |
---|---|---|
Shampoo | $1.01 | $1.06 |
Movie | $11.49 | $10.68 |
Bowling | $17.39 | $14.67 |
Haircut | $21.73 | $18.62 |
Beauty Salon | $40.25 | $39.05 |
Item | Beverly Hills | Florida |
---|---|---|
Ground Beef | $5.46 | $4.22 |
Fried Chicken | $1.89 | $1.39 |
Milk | $2.92 | $2.05 |
Potatoes | $4.23 | $3.29 |
Pizza | $9.13 | $10.62 |
Beer | $9.29 | $9.38 |
Toothpaste | $2.16 | $2.34 |
Item | Beverly Hills | Florida |
---|---|---|
Optometrist | $89.98 | $108.57 |
Doctor | $91.27 | $116.17 |
Dentist | $95.59 | $99.13 |
Item | Beverly Hills | Florida |
---|---|---|
Gasoline | $2.1 | $2.22 |
Tire Balancing | $52.85 | $50.07 |
Item | Beverly Hills | Florida |
---|---|---|
All Electricity | $329.6 | $167.67 |
Phone | $189.31 | $175.64 |
The cost of living varies in the cities and towns around Beverly Hills. Here's a quick look at the cost of living in the most populous nearby places:
Spring Hill, FL has a cost of living index of 93, 1.0x Beverly Hills.
The Villages, FL has a cost of living index of 108, 1.1x Beverly Hills.
Wesley Chapel, FL has a cost of living index of 103, 1.1x Beverly Hills.
City | Population | Cost Of Living | Vs. Beverly Hills |
---|---|---|---|
Spring Hill, FL | 114,706 | 93 | 1.0x |
The Villages, FL | 76,415 | 108 | 1.1x |
Wesley Chapel, FL | 65,134 | 103 | 1.1x |
Clermont, FL | 41,562 | 102 | 1.1x |
Land O' Lakes, FL | 38,674 | 104 | 1.1x |
Bayonet Point, FL | 25,200 | 86 | 0.9x |
Jasmine Estates, FL | 23,334 | 85 | 0.9x |
Eustis, FL | 22,532 | 91 | 1.0x |
Tavares, FL | 18,290 | 88 | 0.9x |
Lady Lake, FL | 15,683 | 92 | 1.0x |