South Gate Ridge, FL Cost Of Living
Cost Of Living In South Gate Ridge, FL Summary
Cost of living in South Gate Ridge 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 South Gate Ridge 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 South Gate Ridge is 112, with 100 being the average.
The cost of living index in South Gate Ridge is 1.1x higher than the national average.
South Gate Ridge ranks as the #300 cheapest in Florida out of 459.
South Gate Ridge ranks as the #3,863 cheapest out of 6,489 in the US.
The median home value in South Gate Ridge is $428,579.
The median income in South Gate Ridge is $76,307.
Table Of Contents
South Gate Ridge's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in South Gate Ridge, FL?
According to the most recent data on the cost of living, South Gate Ridge has an overall cost of living index of 112, which is 1.1x higher than the national index of 100.
Compared to Florida, South Gate Ridge has a cost of living index that's 1.2x higher than Florida's index of 97.
The standard of living in South Gate Ridge ranks as #300 most affordable out of the 459 places we measured in Florida. By definition, that implies South Gate Ridge ranks as the #159 most expensive place in the Sunshine State.
For more reading on life in South Gate Ridge, check out:
In Florida
In America
South Gate Ridge Cost Of Living Vs. Florida
Six factors go into calculating the cost of living index in South Gate Ridge. Here is how it fairs on each of the criteria:
The Services index in South Gate Ridge is 99.
The Groceries index in South Gate Ridge is 102.
The Health index in South Gate Ridge is 103.
The Housing index in South Gate Ridge is 139.
The Transportation index in South Gate Ridge is 97.
The Utilities index in South Gate Ridge is 98.
| Living Expense | South Gate Ridge | Florida | National Average | |
|---|---|---|---|---|
| Overall | 112 | 97 | 100 | |
| Services | 99 | 96 | 100 | |
| Groceries | 102 | 99 | 100 | |
| Health | 103 | 98 | 100 | |
| Housing | 139 | 96 | 100 | |
| Transportation | 97 | 97 | 100 | |
| Utilities | 98 | 95 | 100 | |
South Gate Ridge, 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 2019-2023. The key points are:
The Median Home Value in South Gate Ridge is $428,579.
The Median Rent in South Gate Ridge is $1,581.
The Median Income in South Gate Ridge is $76,307.
The Home Value To Income in South Gate Ridge is 5.6x.
The Rent To Monthly Income in South Gate Ridge is 0.25x.
| Statistic | South Gate Ridge | Florida | United States |
|---|---|---|---|
| Median Home Value | $428,579 | $377,066 | $303,400 |
| Median Rent | $1,581 | $1,564 | $1,348 |
| Median Income | $76,307 | $71,711 | $78,538 |
| Home Value To Income | 5.6x | 5.3x | 3.9x |
| Rent To Monthly Income | 0.25x | 0.26x | 0.21x |
Median Home Value
Median Rent
Median Income
South Gate Ridge, FL Costs By Category
Detailed South Gate Ridge Services Costs Vs. Florida
| Item | South Gate Ridge | Florida |
|---|---|---|
| Shampoo | $1.36 | $1.28 |
| Movie | $13.08 | $12.13 |
| Bowling | $16.72 | $18 |
| Haircut | $26.28 | $24.26 |
| Beauty Salon | $41.57 | $45.56 |
Detailed South Gate Ridge Groceries Costs Vs. Florida
| Item | South Gate Ridge | Florida |
|---|---|---|
| Ground Beef | $5.02 | $5.84 |
| Fried Chicken | $1.48 | $1.57 |
| Milk | $4.54 | $4.67 |
| Potatoes | $5.47 | $4.93 |
| Pizza | $10.96 | $12.09 |
| Beer | $10.58 | $10.41 |
| Toothpaste | $3.67 | $3.7 |
Detailed South Gate Ridge Health Costs Vs. Florida
| Item | South Gate Ridge | Florida |
|---|---|---|
| Optometrist | $104.04 | $125.68 |
| Doctor | $122.85 | $135.78 |
| Dentist | $112.75 | $113.29 |
Detailed South Gate Ridge Transportation Costs Vs. Florida
| Item | South Gate Ridge | Florida |
|---|---|---|
| Gasoline | $3.56 | $3.46 |
| Tire Balancing | $63.29 | $59.92 |
Detailed South Gate Ridge Utilities Costs Vs. Florida
| Item | South Gate Ridge | Florida |
|---|---|---|
| All Electricity | $149.04 | $193.99 |
| Phone | $193.01 | $192.25 |
South Gate Ridge SnackAbility
/10
Cost Of Living In Cities Around South Gate Ridge
The cost of living varies in the cities and towns around South Gate Ridge. Here's a quick look at the cost of living in the most populous nearby places:
Bradenton, FL has a cost of living index of 104, 0.9x South Gate Ridge.
Sarasota, FL has a cost of living index of 115, 1.0x South Gate Ridge.
Venice, FL has a cost of living index of 114, 1.0x South Gate Ridge.
| City | Population | Cost Of Living | Vs. South Gate Ridge |
|---|---|---|---|
| Bradenton, FL | 56,289 | 104 | 0.9x |
| Sarasota, FL | 56,218 | 115 | 1.0x |
| Venice, FL | 26,467 | 114 | 1.0x |
| South Bradenton, FL | 25,585 | 88 | 0.8x |
| Bayshore Gardens, FL | 18,324 | 93 | 0.8x |
| South Venice, FL | 17,399 | 107 | 1.0x |
| Fruitville, FL | 15,828 | 118 | 1.1x |
| Sarasota Springs, FL | 12,669 | 110 | 1.0x |
| Bee Ridge, FL | 9,921 | 110 | 1.0x |
| Southgate, FL | 6,054 | 116 | 1.0x |
