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 102, with 100 being the average.
The cost of living index in Southgate is 1.0x higher than the national average.
Southgate ranks as the #283 cheapest in Florida out of 459.
Southgate ranks as the #3,380 cheapest out of 6,412 in the US.
The median home value in Southgate is $296,500.
The median income in Southgate is $62,129.
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 102, which is 1.0x higher than the national index of 100.
Compared to Florida, Southgate has a cost of living index that's 1.0x higher than Florida's index of 101.
The standard of living in Southgate ranks as #283 most affordable out of the 459 places we measured in Florida. By definition, that implies Southgate ranks as the #176 most expensive place in the Sunshine State.
For more reading on life in Southgate, check out:
- Living In Southgate
- Search Homes For Sale In Southgate, FL
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 111.
The Health index in Southgate is 100.
The Housing index in Southgate is 108.
The Transportation index in Southgate is 105.
The Utilities index in Southgate is 89.
| Living Expense | Southgate | Florida | National Average | |
|---|---|---|---|---|
| Overall | 102 | 101 | 100 | |
| Services | 101 | 98 | 100 | |
| Groceries | 111 | 101 | 100 | |
| Health | 100 | 96 | 100 | |
| Housing | 108 | 108 | 100 | |
| Transportation | 105 | 98 | 100 | |
| Utilities | 89 | 100 | 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 2017-2021. The key points are:
The Median Home Value in Southgate is $296,500.
The Median Rent in Southgate is $1,486.
The Median Income in Southgate is $62,129.
The Home Value To Income in Southgate is 4.8x.
The Rent To Monthly Income in Southgate is 0.29x.
| Statistic | Southgate | Florida | United States |
|---|---|---|---|
| Median Home Value | $296,500 | $248,700 | $244,900 |
| Median Rent | $1,486 | $1,301 | $1,163 |
| Median Income | $62,129 | $61,777 | $69,021 |
| Home Value To Income | 4.8x | 4.0x | 3.5x |
| Rent To Monthly Income | 0.29x | 0.25x | 0.2x |
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
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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 95, 0.9x Southgate.
Sarasota, FL has a cost of living index of 103, 1.0x Southgate.
South Bradenton, FL has a cost of living index of 84, 0.8x Southgate.
| City | Population | Cost Of Living | Vs. Southgate |
|---|---|---|---|
| Bradenton, FL | 54,918 | 95 | 0.9x |
| Sarasota, FL | 53,786 | 103 | 1.0x |
| South Bradenton, FL | 24,972 | 84 | 0.8x |
| Venice, FL | 24,876 | 107 | 1.0x |
| Bayshore Gardens, FL | 19,720 | 87 | 0.9x |
| South Venice, FL | 16,426 | 101 | 1.0x |
| Fruitville, FL | 14,673 | 105 | 1.0x |
| Sarasota Springs, FL | 12,366 | 101 | 1.0x |
| Bee Ridge, FL | 9,921 | 110 | 1.1x |
| South Gate Ridge, FL | 6,125 | 100 | 1.0x |
