Cost of living in Cheval 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 Cheval 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 Cheval is 111, with 100 being the average.
The cost of living index in Cheval is 1.1x higher than the national average.
Cheval ranks as the #359 cheapest in Florida out of 459.
Cheval ranks as the #4,219 cheapest out of 6,412 in the US.
The median home value in Cheval is $373,000.
The median income in Cheval is $74,983.
According to the most recent data on the cost of living, Cheval has an overall cost of living index of 111, which is 1.1x higher than the national index of 100.
Compared to Florida, Cheval has a cost of living index that's 1.1x higher than Florida's index of 101.
The standard of living in Cheval ranks as #359 most affordable out of the 459 places we measured in Florida. By definition, that implies Cheval ranks as the #100 most expensive place in the Sunshine State.
For more reading on life in Cheval, check out:
Six factors go into calculating the cost of living index in Cheval. Here is how it fairs on each of the criteria:
The Services index in Cheval is 99.
The Groceries index in Cheval is 105.
The Health index in Cheval is 98.
The Housing index in Cheval is 147.
The Transportation index in Cheval is 100.
The Utilities index in Cheval is 100.
Living Expense | Cheval | Florida | National Average | |
---|---|---|---|---|
Overall | 111 | 101 | 100 | |
Services | 99 | 98 | 100 | |
Groceries | 105 | 101 | 100 | |
Health | 98 | 96 | 100 | |
Housing | 147 | 108 | 100 | |
Transportation | 100 | 98 | 100 | |
Utilities | 100 | 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 Cheval is $373,000.
The Median Rent in Cheval is $1,179.
The Median Income in Cheval is $74,983.
The Home Value To Income in Cheval is 5.0x.
The Rent To Monthly Income in Cheval is 0.19x.
Statistic | Cheval | Florida | United States |
---|---|---|---|
Median Home Value | $373,000 | $248,700 | $244,900 |
Median Rent | $1,179 | $1,301 | $1,163 |
Median Income | $74,983 | $61,777 | $69,021 |
Home Value To Income | 5.0x | 4.0x | 3.5x |
Rent To Monthly Income | 0.19x | 0.25x | 0.2x |
The cost of living varies in the cities and towns around Cheval. Here's a quick look at the cost of living in the most populous nearby places:
Brandon, FL has a cost of living index of 99, 0.9x Cheval.
Palm Harbor, FL has a cost of living index of 100, 0.9x Cheval.
Carrollwood, FL has a cost of living index of 100, 0.9x Cheval.
City | Population | Cost Of Living | Vs. Cheval |
---|---|---|---|
Brandon, FL | 115,330 | 99 | 0.9x |
Palm Harbor, FL | 60,682 | 100 | 0.9x |
Carrollwood, FL | 35,846 | 100 | 0.9x |
Lake Magdalene, FL | 31,211 | 101 | 0.9x |
Citrus Park, FL | 27,440 | 101 | 0.9x |
Keystone, FL | 25,397 | 125 | 1.1x |
Northdale, FL | 24,924 | 102 | 0.9x |
Westchase, FL | 24,185 | 117 | 1.1x |
Lutz, FL | 23,827 | 104 | 0.9x |
Trinity, FL | 18,191 | 116 | 1.0x |