The Hammocks, FL Cost Of Living

Demographics | Cost Of Living
Updated: 2023-11-15

Cost Of Living In The Hammocks, FL Summary

Cost of living in The Hammocks 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 The Hammocks 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 The Hammocks is 116, with 100 being the average.

  • The cost of living index in The Hammocks is 1.2x higher than the national average.

  • The Hammocks ranks as the #390 cheapest in Florida out of 459.

  • The Hammocks ranks as the #4,558 cheapest out of 6,412 in the US.

  • The median home value in The Hammocks is $351,800.

  • The median income in The Hammocks is $73,597.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
116
The Hammocks's Overall Cost Of Living
1.2x
Higher Than The National Average

What is the cost of living in The Hammocks, FL?

According to the most recent data on the cost of living, The Hammocks has an overall cost of living index of 116, which is 1.2x higher than the national index of 100.

Compared to Florida, The Hammocks has a cost of living index that's 1.1x higher than Florida's index of 101.

The standard of living in The Hammocks ranks as #390 most affordable out of the 459 places we measured in Florida. By definition, that implies The Hammocks ranks as the #69 most expensive place in the Sunshine State.

For more reading on life in The Hammocks, check out:

390 out of 459
In Florida
4,558 out of 6,412
In America

The Hammocks Cost Of Living Vs. Florida

Six factors go into calculating the cost of living index in The Hammocks. Here is how it fairs on each of the criteria:

  • The Services index in The Hammocks is 103.

  • The Groceries index in The Hammocks is 120.

  • The Health index in The Hammocks is 106.

  • The Housing index in The Hammocks is 137.

  • The Transportation index in The Hammocks is 109.

  • The Utilities index in The Hammocks is 100.

Living Expense The Hammocks Florida National Average
Overall 116 101 100
Services 103 98 100
Groceries 120 101 100
Health 106 96 100
Housing 137 108 100
Transportation 109 98 100
Utilities 100 100 100
For more reading on cost of living around Florida, check out:
The Hammocks Cost of Living Vs. FL

The Hammocks, 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 The Hammocks is $351,800.

  • The Median Rent in The Hammocks is $1,858.

  • The Median Income in The Hammocks is $73,597.

  • The Home Value To Income in The Hammocks is 4.8x.

  • The Rent To Monthly Income in The Hammocks is 0.3x.

Statistic The Hammocks Florida United States
Median Home Value $351,800 $248,700 $244,900
Median Rent $1,858 $1,301 $1,163
Median Income $73,597 $61,777 $69,021
Home Value To Income 4.8x 4.0x 3.5x
Rent To Monthly Income 0.3x 0.25x 0.2x
Search Homes For Sale In The Hammocks, FL
$351,800
Median Home Value
$1,858
Median Rent
$73,597
Median Income

The Hammocks, FL Costs By Category

Detailed The Hammocks Services Costs Vs. Florida

Item The Hammocks Florida
Shampoo $1.11 $1.06
Movie $13.23 $10.68
Bowling $22.13 $14.67
Haircut $14.37 $18.62
Beauty Salon $70.0 $39.05

Detailed The Hammocks Groceries Costs Vs. Florida

Item The Hammocks Florida
Ground Beef $4.27 $4.22
Fried Chicken $1.73 $1.39
Milk $3.16 $2.05
Potatoes $3.86 $3.29
Pizza $9.1 $10.62
Beer $10.98 $9.38
Toothpaste $1.87 $2.34

Detailed The Hammocks Health Costs Vs. Florida

Item The Hammocks Florida
Optometrist $105.63 $108.57
Doctor $111.06 $116.17
Dentist $107.78 $99.13

Detailed The Hammocks Transportation Costs Vs. Florida

Item The Hammocks Florida
Gasoline $2.24 $2.22
Tire Balancing $60.69 $50.07

Detailed The Hammocks Utilities Costs Vs. Florida

Item The Hammocks Florida
All Electricity $162.18 $167.67
Phone $188.17 $175.64

The Hammocks SnackAbility

6
/10
Overall SnackAbility
Jobs
8.5/10
Housing
9
Affordability
4
Diversity
8
Safety
N/A
Amenities
10
Education
8
Commute
3

Cost Of Living In Cities Around The Hammocks

The cost of living varies in the cities and towns around The Hammocks. Here's a quick look at the cost of living in the most populous nearby places:

  • Kendall, FL has a cost of living index of 123, 1.1x The Hammocks.

  • Tamiami, FL has a cost of living index of 116, 1.0x The Hammocks.

  • Kendale Lakes, FL has a cost of living index of 108, 0.9x The Hammocks.

City Population Cost Of Living Vs. The Hammocks
Kendall, FL 78,007 123 1.1x
Tamiami, FL 54,525 116 1.0x
Kendale Lakes, FL 53,392 108 0.9x
Coral Gables, FL 49,269 164 1.4x
Richmond West, FL 37,626 117 1.0x
Kendall West, FL 36,964 110 0.9x
Miami Lakes, FL 30,582 125 1.1x
Coral Terrace, FL 25,869 117 1.0x
The Crossings, FL 22,382 116 1.0x
Country Walk, FL 18,627 122 1.1x

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