Tavares, FL Cost Of Living
Cost Of Living In Tavares, FL Summary
Cost of living in Tavares 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 Tavares 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 Tavares is 88, with 100 being the average.
The cost of living index in Tavares is 0.9x lower than the national average.
Tavares ranks as the #57 cheapest in Florida out of 459.
Tavares ranks as the #1,278 cheapest out of 6,412 in the US.
The median home value in Tavares is $172,500.
The median income in Tavares is $49,313.
Table Of Contents
Tavares's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Tavares, FL?
According to the most recent data on the cost of living, Tavares has an overall cost of living index of 88, which is 0.9x lower than the national index of 100.
Compared to Florida, Tavares has a cost of living index that's 0.9x lower than Florida's index of 101.
The standard of living in Tavares ranks as #57 most affordable out of the 459 places we measured in Florida. By definition, that implies Tavares ranks as the #402 most expensive place in the Sunshine State.
For more reading on life in Tavares, check out:
- Living In Tavares
- Tavares Crime Report
- Search Homes For Sale In Tavares, FL
In Florida
In America
Tavares Cost Of Living Vs. Florida
Six factors go into calculating the cost of living index in Tavares. Here is how it fairs on each of the criteria:
The Services index in Tavares is 96.
The Groceries index in Tavares is 105.
The Health index in Tavares is 93.
The Housing index in Tavares is 67.
The Transportation index in Tavares is 97.
The Utilities index in Tavares is 101.
| Living Expense | Tavares | Florida | National Average | |
|---|---|---|---|---|
| Overall | 88 | 101 | 100 | |
| Services | 96 | 98 | 100 | |
| Groceries | 105 | 101 | 100 | |
| Health | 93 | 96 | 100 | |
| Housing | 67 | 108 | 100 | |
| Transportation | 97 | 98 | 100 | |
| Utilities | 101 | 100 | 100 | |
Tavares, 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 Tavares is $172,500.
The Median Rent in Tavares is $1,027.
The Median Income in Tavares is $49,313.
The Home Value To Income in Tavares is 3.5x.
The Rent To Monthly Income in Tavares is 0.25x.
| Statistic | Tavares | Florida | United States |
|---|---|---|---|
| Median Home Value | $172,500 | $248,700 | $244,900 |
| Median Rent | $1,027 | $1,301 | $1,163 |
| Median Income | $49,313 | $61,777 | $69,021 |
| Home Value To Income | 3.5x | 4.0x | 3.5x |
| Rent To Monthly Income | 0.25x | 0.25x | 0.2x |
Median Home Value
Median Rent
Median Income
Tavares, FL Costs By Category
Detailed Tavares Services Costs Vs. Florida
Detailed Tavares Groceries Costs Vs. Florida
Detailed Tavares Health Costs Vs. Florida
Detailed Tavares Transportation Costs Vs. Florida
Detailed Tavares Utilities Costs Vs. Florida
Tavares SnackAbility
/10
Cost Of Living In Cities Around Tavares
The cost of living varies in the cities and towns around Tavares. Here's a quick look at the cost of living in the most populous nearby places:
The Villages, FL has a cost of living index of 108, 1.2x Tavares.
Apopka, FL has a cost of living index of 95, 1.1x Tavares.
Ocoee, FL has a cost of living index of 101, 1.1x Tavares.
| City | Population | Cost Of Living | Vs. Tavares |
|---|---|---|---|
| The Villages, FL | 76,415 | 108 | 1.2x |
| Apopka, FL | 54,110 | 95 | 1.1x |
| Ocoee, FL | 46,562 | 101 | 1.1x |
| Clermont, FL | 41,562 | 102 | 1.2x |
| Leesburg, FL | 26,242 | 88 | 1.0x |
| Wekiwa Springs, FL | 24,049 | 108 | 1.2x |
| Eustis, FL | 22,532 | 91 | 1.0x |
| Mount Dora, FL | 15,830 | 100 | 1.1x |
| Lady Lake, FL | 15,683 | 92 | 1.0x |
