Oak Ridge, FL Cost Of Living
Cost Of Living In Oak Ridge, FL Summary
Cost of living in Oak Ridge 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 Oak Ridge 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 Oak Ridge is 87, with 100 being the average.
The cost of living index in Oak Ridge is 0.9x lower than the national average.
Oak Ridge ranks as the #44 cheapest in Florida out of 459.
Oak Ridge ranks as the #1,101 cheapest out of 6,412 in the US.
The median home value in Oak Ridge is $154,300.
The median income in Oak Ridge is $44,544.
Table Of Contents
Oak Ridge's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Oak Ridge, FL?
According to the most recent data on the cost of living, Oak Ridge has an overall cost of living index of 87, which is 0.9x lower than the national index of 100.
Compared to Florida, Oak Ridge has a cost of living index that's 0.9x lower than Florida's index of 101.
The standard of living in Oak Ridge ranks as #44 most affordable out of the 459 places we measured in Florida. By definition, that implies Oak Ridge ranks as the #415 most expensive place in the Sunshine State.
For more reading on life in Oak Ridge, check out:
- Living In Oak Ridge
- Search Homes For Sale In Oak Ridge, FL
In Florida
In America
Oak Ridge Cost Of Living Vs. Florida
Six factors go into calculating the cost of living index in Oak Ridge. Here is how it fairs on each of the criteria:
The Services index in Oak Ridge is 95.
The Groceries index in Oak Ridge is 101.
The Health index in Oak Ridge is 91.
The Housing index in Oak Ridge is 66.
The Transportation index in Oak Ridge is 98.
The Utilities index in Oak Ridge is 101.
| Living Expense | Oak Ridge | Florida | National Average | |
|---|---|---|---|---|
| Overall | 87 | 101 | 100 | |
| Services | 95 | 98 | 100 | |
| Groceries | 101 | 101 | 100 | |
| Health | 91 | 96 | 100 | |
| Housing | 66 | 108 | 100 | |
| Transportation | 98 | 98 | 100 | |
| Utilities | 101 | 100 | 100 | |
Oak Ridge, 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 Oak Ridge is $154,300.
The Median Rent in Oak Ridge is $1,156.
The Median Income in Oak Ridge is $44,544.
The Home Value To Income in Oak Ridge is 3.5x.
The Rent To Monthly Income in Oak Ridge is 0.31x.
| Statistic | Oak Ridge | Florida | United States |
|---|---|---|---|
| Median Home Value | $154,300 | $248,700 | $244,900 |
| Median Rent | $1,156 | $1,301 | $1,163 |
| Median Income | $44,544 | $61,777 | $69,021 |
| Home Value To Income | 3.5x | 4.0x | 3.5x |
| Rent To Monthly Income | 0.31x | 0.25x | 0.2x |
Median Home Value
Median Rent
Median Income
Oak Ridge, FL Costs By Category
Detailed Oak Ridge Services Costs Vs. Florida
Detailed Oak Ridge Groceries Costs Vs. Florida
Detailed Oak Ridge Health Costs Vs. Florida
Detailed Oak Ridge Transportation Costs Vs. Florida
Detailed Oak Ridge Utilities Costs Vs. Florida
Oak Ridge SnackAbility
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Cost Of Living In Cities Around Oak Ridge
The cost of living varies in the cities and towns around Oak Ridge. Here's a quick look at the cost of living in the most populous nearby places:
Ocoee, FL has a cost of living index of 101, 1.2x Oak Ridge.
Winter Garden, FL has a cost of living index of 103, 1.2x Oak Ridge.
Oviedo, FL has a cost of living index of 106, 1.2x Oak Ridge.
| City | Population | Cost Of Living | Vs. Oak Ridge |
|---|---|---|---|
| Ocoee, FL | 46,562 | 101 | 1.2x |
| Winter Garden, FL | 45,978 | 103 | 1.2x |
| Oviedo, FL | 39,405 | 106 | 1.2x |
| Winter Springs, FL | 38,021 | 100 | 1.1x |
| Winter Park, FL | 29,672 | 117 | 1.3x |
| Wekiwa Springs, FL | 24,049 | 108 | 1.2x |
| Maitland, FL | 19,154 | 115 | 1.3x |
| Lockhart, FL | 14,390 | 90 | 1.0x |
| Conway, FL | 13,630 | 99 | 1.1x |
| Doctor Phillips, FL | 12,368 | 115 | 1.3x |
