Cost of living in Arcadia 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 Arcadia 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 Arcadia is 91, with 100 being the average.
The cost of living index in Arcadia is 0.9x lower than the national average.
Arcadia ranks as the #50 cheapest in Florida out of 459.
Arcadia ranks as the #1,347 cheapest out of 6,489 in the US.
The median home value in Arcadia is $241,585.
The median income in Arcadia is $38,388.
According to the most recent data on the cost of living, Arcadia has an overall cost of living index of 91, which is 0.9x lower than the national index of 100.
Compared to Florida, Arcadia has a cost of living index that's 0.9x lower than Florida's index of 97.
The standard of living in Arcadia ranks as #50 most affordable out of the 459 places we measured in Florida. By definition, that implies Arcadia ranks as the #409 most expensive place in the Sunshine State.
For more reading on life in Arcadia, check out:
Six factors go into calculating the cost of living index in Arcadia. Here is how it fairs on each of the criteria:
The Services index in Arcadia is 98.
The Groceries index in Arcadia is 100.
The Health index in Arcadia is 102.
The Housing index in Arcadia is 65.
The Transportation index in Arcadia is 99.
The Utilities index in Arcadia is 101.
| Living Expense | Arcadia | Florida | National Average | |
|---|---|---|---|---|
| Overall | 91 | 97 | 100 | |
| Services | 98 | 96 | 100 | |
| Groceries | 100 | 99 | 100 | |
| Health | 102 | 98 | 100 | |
| Housing | 65 | 96 | 100 | |
| Transportation | 99 | 97 | 100 | |
| Utilities | 101 | 95 | 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 2019-2023. The key points are:
The Median Home Value in Arcadia is $241,585.
The Median Rent in Arcadia is $886.
The Median Income in Arcadia is $38,388.
The Home Value To Income in Arcadia is 6.3x.
The Rent To Monthly Income in Arcadia is 0.28x.
The cost of living varies in the cities and towns around Arcadia. Here's a quick look at the cost of living in the most populous nearby places:
Port Charlotte, FL has a cost of living index of 103, 1.1x Arcadia.
Sarasota, FL has a cost of living index of 115, 1.3x Arcadia.
Punta Gorda, FL has a cost of living index of 120, 1.3x Arcadia.
| City | Population | Cost Of Living | Vs. Arcadia |
|---|---|---|---|
| Port Charlotte, FL | 64,971 | 103 | 1.1x |
| Sarasota, FL | 56,218 | 115 | 1.3x |
| Punta Gorda, FL | 19,886 | 120 | 1.3x |
| Bayshore Gardens, FL | 18,324 | 93 | 1.0x |
| South Venice, FL | 17,399 | 107 | 1.2x |
| Fruitville, FL | 15,828 | 118 | 1.3x |
| Iona, FL | 14,290 | 111 | 1.2x |
| Sarasota Springs, FL | 12,669 | 110 | 1.2x |
| Southeast Arcadia, FL | 7,247 | 89 | 1.0x |
| Whitfield, PA | 5,346 | 110 | 1.2x |