Cost of living in Mims 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 Mims 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 Mims is 85, with 100 being the average.
The cost of living index in Mims is 0.8x lower than the national average.
Mims ranks as the #21 cheapest in Florida out of 459.
Mims ranks as the #777 cheapest out of 6,412 in the US.
The median home value in Mims is $201,700.
The median income in Mims is $51,425.
According to the most recent data on the cost of living, Mims has an overall cost of living index of 85, which is 0.8x lower than the national index of 100.
Compared to Florida, Mims has a cost of living index that's 0.8x lower than Florida's index of 101.
The standard of living in Mims ranks as #21 most affordable out of the 459 places we measured in Florida. By definition, that implies Mims ranks as the #438 most expensive place in the Sunshine State.
For more reading on life in Mims, check out:
Six factors go into calculating the cost of living index in Mims. Here is how it fairs on each of the criteria:
The Services index in Mims is 96.
The Groceries index in Mims is 101.
The Health index in Mims is 94.
The Housing index in Mims is 58.
The Transportation index in Mims is 95.
The Utilities index in Mims is 100.
|Living Expense||Mims||Florida||National Average|
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 Mims is $201,700.
The Median Rent in Mims is $904.
The Median Income in Mims is $51,425.
The Home Value To Income in Mims is 3.9x.
The Rent To Monthly Income in Mims is 0.21x.
|Median Home Value||$201,700||$248,700||$244,900|
|Home Value To Income||3.9x||4.0x||3.5x|
|Rent To Monthly Income||0.21x||0.25x||0.2x|
The cost of living varies in the cities and towns around Mims. Here's a quick look at the cost of living in the most populous nearby places:
Titusville, FL has a cost of living index of 87, 1.0x Mims.
Ocoee, FL has a cost of living index of 101, 1.2x Mims.
Oviedo, FL has a cost of living index of 106, 1.2x Mims.
|City||Population||Cost Of Living||Vs. Mims|
|Winter Springs, FL||38,021||100||1.2x|
|Winter Park, FL||29,672||117||1.4x|
|Port St. John, FL||24,677||87||1.0x|
|Wekiwa Springs, FL||24,049||108||1.3x|