Cost of living in Wright 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 Wright 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 Wright is 97, with 100 being the average.
The cost of living index in Wright is 1.0x lower than the national average.
Wright ranks as the #203 cheapest in Florida out of 459.
Wright ranks as the #2,747 cheapest out of 6,412 in the US.
The median home value in Wright is $188,200.
The median income in Wright is $55,055.
According to the most recent data on the cost of living, Wright has an overall cost of living index of 97, which is 1.0x lower than the national index of 100.
Compared to Florida, Wright has a cost of living index that's 1.0x lower than Florida's index of 101.
The standard of living in Wright ranks as #203 most affordable out of the 459 places we measured in Florida. By definition, that implies Wright ranks as the #256 most expensive place in the Sunshine State.
For more reading on life in Wright, check out:
Six factors go into calculating the cost of living index in Wright. Here is how it fairs on each of the criteria:
The Services index in Wright is 96.
The Groceries index in Wright is 96.
The Health index in Wright is 93.
The Housing index in Wright is 89.
The Transportation index in Wright is 96.
The Utilities index in Wright is 121.
Living Expense | Wright | Florida | National Average | |
---|---|---|---|---|
Overall | 97 | 101 | 100 | |
Services | 96 | 98 | 100 | |
Groceries | 96 | 101 | 100 | |
Health | 93 | 96 | 100 | |
Housing | 89 | 108 | 100 | |
Transportation | 96 | 98 | 100 | |
Utilities | 121 | 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 Wright is $188,200.
The Median Rent in Wright is $1,150.
The Median Income in Wright is $55,055.
The Home Value To Income in Wright is 3.4x.
The Rent To Monthly Income in Wright is 0.25x.
Statistic | Wright | Florida | United States |
---|---|---|---|
Median Home Value | $188,200 | $248,700 | $244,900 |
Median Rent | $1,150 | $1,301 | $1,163 |
Median Income | $55,055 | $61,777 | $69,021 |
Home Value To Income | 3.4x | 4.0x | 3.5x |
Rent To Monthly Income | 0.25x | 0.25x | 0.2x |
The cost of living varies in the cities and towns around Wright. Here's a quick look at the cost of living in the most populous nearby places:
Pensacola, FL has a cost of living index of 94, 1.0x Wright.
Navarre, FL has a cost of living index of 104, 1.1x Wright.
Ferry Pass, FL has a cost of living index of 95, 1.0x Wright.
City | Population | Cost Of Living | Vs. Wright |
---|---|---|---|
Pensacola, FL | 53,845 | 94 | 1.0x |
Navarre, FL | 38,994 | 104 | 1.1x |
Ferry Pass, FL | 30,526 | 95 | 1.0x |
Pace, FL | 23,527 | 98 | 1.0x |
Bellview, FL | 22,613 | 92 | 0.9x |
Fort Walton Beach, FL | 20,805 | 96 | 1.0x |
Myrtle Grove, FL | 17,023 | 87 | 0.9x |
Niceville, FL | 15,532 | 103 | 1.1x |
Gonzalez, FL | 14,324 | 95 | 1.0x |
Destin, FL | 13,751 | 113 | 1.2x |