Myrtle Grove, FL Cost Of Living

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

Cost Of Living In Myrtle Grove, FL Summary

Cost of living in Myrtle Grove 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 Myrtle Grove 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 Myrtle Grove is 87, with 100 being the average.

  • The cost of living index in Myrtle Grove is 0.9x lower than the national average.

  • Myrtle Grove ranks as the #44 cheapest in Florida out of 459.

  • Myrtle Grove ranks as the #1,101 cheapest out of 6,412 in the US.

  • The median home value in Myrtle Grove is $127,800.

  • The median income in Myrtle Grove is $54,585.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
87
Myrtle Grove's Overall Cost Of Living
0.9x
Lower Than The National Average

What is the cost of living in Myrtle Grove, FL?

According to the most recent data on the cost of living, Myrtle Grove has an overall cost of living index of 87, which is 0.9x lower than the national index of 100.

Compared to Florida, Myrtle Grove has a cost of living index that's 0.9x lower than Florida's index of 101.

The standard of living in Myrtle Grove ranks as #44 most affordable out of the 459 places we measured in Florida. By definition, that implies Myrtle Grove ranks as the #415 most expensive place in the Sunshine State.

For more reading on life in Myrtle Grove, check out:

44 out of 459
In Florida
1,101 out of 6,412
In America

Myrtle Grove Cost Of Living Vs. Florida

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

  • The Services index in Myrtle Grove is 96.

  • The Groceries index in Myrtle Grove is 97.

  • The Health index in Myrtle Grove is 92.

  • The Housing index in Myrtle Grove is 65.

  • The Transportation index in Myrtle Grove is 95.

  • The Utilities index in Myrtle Grove is 119.

Living Expense Myrtle Grove Florida National Average
Overall 87 101 100
Services 96 98 100
Groceries 97 101 100
Health 92 96 100
Housing 65 108 100
Transportation 95 98 100
Utilities 119 100 100
For more reading on cost of living around Florida, check out:
Myrtle Grove Cost of Living Vs. FL

Myrtle Grove, 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 Myrtle Grove is $127,800.

  • The Median Rent in Myrtle Grove is $1,083.

  • The Median Income in Myrtle Grove is $54,585.

  • The Home Value To Income in Myrtle Grove is 2.3x.

  • The Rent To Monthly Income in Myrtle Grove is 0.24x.

Statistic Myrtle Grove Florida United States
Median Home Value $127,800 $248,700 $244,900
Median Rent $1,083 $1,301 $1,163
Median Income $54,585 $61,777 $69,021
Home Value To Income 2.3x 4.0x 3.5x
Rent To Monthly Income 0.24x 0.25x 0.2x
Search Homes For Sale In Myrtle Grove, FL
$127,800
Median Home Value
$1,083
Median Rent
$54,585
Median Income

Myrtle Grove, FL Costs By Category

Detailed Myrtle Grove Services Costs Vs. Florida

Item Myrtle Grove Florida
Shampoo $0.91 $1.06
Movie $10.11 $10.68
Bowling $13.56 $14.67
Haircut $20.99 $18.62
Beauty Salon $40.18 $39.05

Detailed Myrtle Grove Groceries Costs Vs. Florida

Item Myrtle Grove Florida
Ground Beef $4.78 $4.22
Fried Chicken $1.12 $1.39
Milk $2.74 $2.05
Potatoes $4.2 $3.29
Pizza $10.82 $10.62
Beer $10.29 $9.38
Toothpaste $2.54 $2.34

Detailed Myrtle Grove Health Costs Vs. Florida

Item Myrtle Grove Florida
Optometrist $67.63 $108.57
Doctor $93.0 $116.17
Dentist $100.33 $99.13

Detailed Myrtle Grove Transportation Costs Vs. Florida

Item Myrtle Grove Florida
Gasoline $2.29 $2.22
Tire Balancing $40.98 $50.07

Detailed Myrtle Grove Utilities Costs Vs. Florida

Item Myrtle Grove Florida
All Electricity $223.75 $167.67
Phone $188.77 $175.64

Myrtle Grove SnackAbility

6
/10
Overall SnackAbility
Jobs
5/10
Housing
7
Affordability
7
Diversity
9
Safety
N/A
Amenities
8.5
Education
5
Commute
8

Cost Of Living In Cities Around Myrtle Grove

The cost of living varies in the cities and towns around Myrtle Grove. 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, 1.1x Myrtle Grove.

  • Ferry Pass, FL has a cost of living index of 95, 1.1x Myrtle Grove.

  • Pace, FL has a cost of living index of 98, 1.1x Myrtle Grove.

City Population Cost Of Living Vs. Myrtle Grove
Pensacola, FL 53,845 94 1.1x
Ferry Pass, FL 30,526 95 1.1x
Pace, FL 23,527 98 1.1x
Bellview, FL 22,613 92 1.1x
Ensley, FL 22,015 91 1.0x
West Pensacola, FL 21,960 82 0.9x
Brent, FL 21,717 87 1.0x
Warrington, FL 16,140 84 1.0x
Gonzalez, FL 14,324 95 1.1x
Gulf Breeze, FL 6,249 125 1.4x

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