Gibsonton, FL Cost Of Living
Cost Of Living In Gibsonton, FL Summary
Cost of living in Gibsonton 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 Gibsonton 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 Gibsonton is 95, with 100 being the average.
The cost of living index in Gibsonton is 0.9x lower than the national average.
Gibsonton ranks as the #164 cheapest in Florida out of 459.
Gibsonton ranks as the #2,449 cheapest out of 6,412 in the US.
The median home value in Gibsonton is $217,800.
The median income in Gibsonton is $73,099.
Table Of Contents
Gibsonton's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Gibsonton, FL?
According to the most recent data on the cost of living, Gibsonton has an overall cost of living index of 95, which is 0.9x lower than the national index of 100.
Compared to Florida, Gibsonton has a cost of living index that's 0.9x lower than Florida's index of 101.
The standard of living in Gibsonton ranks as #164 most affordable out of the 459 places we measured in Florida. By definition, that implies Gibsonton ranks as the #295 most expensive place in the Sunshine State.
For more reading on life in Gibsonton, check out:
- Living In Gibsonton
- Search Homes For Sale In Gibsonton, FL
In Florida
In America
Gibsonton Cost Of Living Vs. Florida
Six factors go into calculating the cost of living index in Gibsonton. Here is how it fairs on each of the criteria:
The Services index in Gibsonton is 98.
The Groceries index in Gibsonton is 104.
The Health index in Gibsonton is 96.
The Housing index in Gibsonton is 80.
The Transportation index in Gibsonton is 101.
The Utilities index in Gibsonton is 102.
| Living Expense | Gibsonton | Florida | National Average | |
|---|---|---|---|---|
| Overall | 95 | 101 | 100 | |
| Services | 98 | 98 | 100 | |
| Groceries | 104 | 101 | 100 | |
| Health | 96 | 96 | 100 | |
| Housing | 80 | 108 | 100 | |
| Transportation | 101 | 98 | 100 | |
| Utilities | 102 | 100 | 100 | |
Gibsonton, FL Housing Cost Breakdown
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 Gibsonton is $217,800.
The Median Rent in Gibsonton is $1,101.
The Median Income in Gibsonton is $73,099.
The Home Value To Income in Gibsonton is 3.0x.
The Rent To Monthly Income in Gibsonton is 0.18x.
| Statistic | Gibsonton | Florida | United States |
|---|---|---|---|
| Median Home Value | $217,800 | $248,700 | $244,900 |
| Median Rent | $1,101 | $1,301 | $1,163 |
| Median Income | $73,099 | $61,777 | $69,021 |
| Home Value To Income | 3.0x | 4.0x | 3.5x |
| Rent To Monthly Income | 0.18x | 0.25x | 0.2x |
Median Home Value
Median Rent
Median Income
Gibsonton, FL Costs By Category
Detailed Gibsonton Services Costs Vs. Florida
Detailed Gibsonton Groceries Costs Vs. Florida
Detailed Gibsonton Health Costs Vs. Florida
Detailed Gibsonton Transportation Costs Vs. Florida
Detailed Gibsonton Utilities Costs Vs. Florida
Gibsonton SnackAbility
/10
Cost Of Living In Cities Around Gibsonton
The cost of living varies in the cities and towns around Gibsonton. 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, 1.0x Gibsonton.
Riverview, FL has a cost of living index of 101, 1.1x Gibsonton.
Town 'n' Country, FL has a cost of living index of 94, 1.0x Gibsonton.
| City | Population | Cost Of Living | Vs. Gibsonton |
|---|---|---|---|
| Brandon, FL | 115,330 | 99 | 1.0x |
| Riverview, FL | 98,928 | 101 | 1.1x |
| Town 'n' Country, FL | 89,679 | 94 | 1.0x |
| Valrico, FL | 39,632 | 106 | 1.1x |
| Egypt Lake-Leto, FL | 36,157 | 94 | 1.0x |
| Carrollwood, FL | 35,846 | 100 | 1.1x |
| Lake Magdalene, FL | 31,211 | 101 | 1.1x |
| Temple Terrace, FL | 26,585 | 99 | 1.0x |
| Ruskin, FL | 26,536 | 99 | 1.0x |
| Palm River-Clair Mel, FL | 25,492 | 90 | 0.9x |
