Southgate, FL Cost Of Living
Cost Of Living In Southgate, FL Summary
Cost of living in Southgate 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 Southgate 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 Southgate is 116, with 100 being the average.
The cost of living index in Southgate is 1.2x higher than the national average.
Southgate ranks as the #333 cheapest in Florida out of 459.
Southgate ranks as the #4,151 cheapest out of 6,489 in the US.
The median home value in Southgate is $434,844.
The median income in Southgate is $77,616.
Table Of Contents
Southgate's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Southgate, FL?
According to the most recent data on the cost of living, Southgate has an overall cost of living index of 116, which is 1.2x higher than the national index of 100.
Compared to Florida, Southgate has a cost of living index that's 1.2x higher than Florida's index of 97.
The standard of living in Southgate ranks as #333 most affordable out of the 459 places we measured in Florida. By definition, that implies Southgate ranks as the #126 most expensive place in the Sunshine State.
For more reading on life in Southgate, check out:
In Florida
In America
Southgate Cost Of Living Vs. Florida
Six factors go into calculating the cost of living index in Southgate. Here is how it fairs on each of the criteria:
The Services index in Southgate is 101.
The Groceries index in Southgate is 99.
The Health index in Southgate is 104.
The Housing index in Southgate is 149.
The Transportation index in Southgate is 96.
The Utilities index in Southgate is 101.
| Living Expense | Southgate | Florida | National Average | |
|---|---|---|---|---|
| Overall | 116 | 97 | 100 | |
| Services | 101 | 96 | 100 | |
| Groceries | 99 | 99 | 100 | |
| Health | 104 | 98 | 100 | |
| Housing | 149 | 96 | 100 | |
| Transportation | 96 | 97 | 100 | |
| Utilities | 101 | 95 | 100 | |
Southgate, 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 Southgate is $434,844.
The Median Rent in Southgate is $1,586.
The Median Income in Southgate is $77,616.
The Home Value To Income in Southgate is 5.6x.
The Rent To Monthly Income in Southgate is 0.25x.
Median Home Value
Median Rent
Median Income
Southgate, FL Costs By Category
Detailed Southgate Services Costs Vs. Florida
Detailed Southgate Groceries Costs Vs. Florida
Detailed Southgate Health Costs Vs. Florida
Detailed Southgate Transportation Costs Vs. Florida
Detailed Southgate Utilities Costs Vs. Florida
Southgate SnackAbility
/10
Cost Of Living In Cities Around Southgate
The cost of living varies in the cities and towns around Southgate. 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 Southgate.
Sarasota, FL has a cost of living index of 115, 1.0x Southgate.
Venice, FL has a cost of living index of 114, 1.0x Southgate.
| City | Population | Cost Of Living | Vs. Southgate |
|---|---|---|---|
| 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 | 0.9x |
| Fruitville, FL | 15,828 | 118 | 1.0x |
| Sarasota Springs, FL | 12,669 | 110 | 0.9x |
| Bee Ridge, FL | 9,921 | 110 | 0.9x |
| Siesta Key, FL | 5,690 | 172 | 1.5x |
