Cost of living in Sebastian 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 Sebastian 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 Sebastian is 97, with 100 being the average.
The cost of living index in Sebastian is 1.0x lower than the national average.
Sebastian ranks as the #203 cheapest in Florida out of 459.
Sebastian ranks as the #2,747 cheapest out of 6,412 in the US.
The median home value in Sebastian is $218,900.
The median income in Sebastian is $60,966.
According to the most recent data on the cost of living, Sebastian has an overall cost of living index of 97, which is 1.0x lower than the national index of 100.
Compared to Florida, Sebastian has a cost of living index that's 1.0x lower than Florida's index of 101.
The standard of living in Sebastian ranks as #203 most affordable out of the 459 places we measured in Florida. By definition, that implies Sebastian ranks as the #256 most expensive place in the Sunshine State.
For more reading on life in Sebastian, check out:
Six factors go into calculating the cost of living index in Sebastian. Here is how it fairs on each of the criteria:
The Services index in Sebastian is 101.
The Groceries index in Sebastian is 100.
The Health index in Sebastian is 111.
The Housing index in Sebastian is 85.
The Transportation index in Sebastian is 102.
The Utilities index in Sebastian is 116.
|Living Expense||Sebastian||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 Sebastian is $218,900.
The Median Rent in Sebastian is $1,209.
The Median Income in Sebastian is $60,966.
The Home Value To Income in Sebastian is 3.6x.
The Rent To Monthly Income in Sebastian is 0.24x.
|Median Home Value||$218,900||$248,700||$244,900|
|Home Value To Income||3.6x||4.0x||3.5x|
|Rent To Monthly Income||0.24x||0.25x||0.2x|
The cost of living varies in the cities and towns around Sebastian. Here's a quick look at the cost of living in the most populous nearby places:
Palm Bay, FL has a cost of living index of 95, 1.0x Sebastian.
Vero Beach South, FL has a cost of living index of 95, 1.0x Sebastian.
Florida Ridge, FL has a cost of living index of 93, 1.0x Sebastian.