The Hammocks, FL Cost Of Living
Cost Of Living In The Hammocks, FL Summary
Cost of living in The Hammocks 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 The Hammocks 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 The Hammocks is 116, with 100 being the average.
The cost of living index in The Hammocks is 1.2x higher than the national average.
The Hammocks ranks as the #390 cheapest in Florida out of 459.
The Hammocks ranks as the #4,558 cheapest out of 6,412 in the US.
The median home value in The Hammocks is $351,800.
The median income in The Hammocks is $73,597.
Table Of Contents
The Hammocks's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in The Hammocks, FL?
According to the most recent data on the cost of living, The Hammocks has an overall cost of living index of 116, which is 1.2x higher than the national index of 100.
Compared to Florida, The Hammocks has a cost of living index that's 1.1x higher than Florida's index of 101.
The standard of living in The Hammocks ranks as #390 most affordable out of the 459 places we measured in Florida. By definition, that implies The Hammocks ranks as the #69 most expensive place in the Sunshine State.
For more reading on life in The Hammocks, check out:
- Living In The Hammocks
- Search Homes For Sale In The Hammocks, FL
In Florida
In America
The Hammocks Cost Of Living Vs. Florida
Six factors go into calculating the cost of living index in The Hammocks. Here is how it fairs on each of the criteria:
The Services index in The Hammocks is 103.
The Groceries index in The Hammocks is 120.
The Health index in The Hammocks is 106.
The Housing index in The Hammocks is 137.
The Transportation index in The Hammocks is 109.
The Utilities index in The Hammocks is 100.
| Living Expense | The Hammocks | Florida | National Average | |
|---|---|---|---|---|
| Overall | 116 | 101 | 100 | |
| Services | 103 | 98 | 100 | |
| Groceries | 120 | 101 | 100 | |
| Health | 106 | 96 | 100 | |
| Housing | 137 | 108 | 100 | |
| Transportation | 109 | 98 | 100 | |
| Utilities | 100 | 100 | 100 | |
The Hammocks, 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 The Hammocks is $351,800.
The Median Rent in The Hammocks is $1,858.
The Median Income in The Hammocks is $73,597.
The Home Value To Income in The Hammocks is 4.8x.
The Rent To Monthly Income in The Hammocks is 0.3x.
| Statistic | The Hammocks | Florida | United States |
|---|---|---|---|
| Median Home Value | $351,800 | $248,700 | $244,900 |
| Median Rent | $1,858 | $1,301 | $1,163 |
| Median Income | $73,597 | $61,777 | $69,021 |
| Home Value To Income | 4.8x | 4.0x | 3.5x |
| Rent To Monthly Income | 0.3x | 0.25x | 0.2x |
Median Home Value
Median Rent
Median Income
The Hammocks, FL Costs By Category
Detailed The Hammocks Services Costs Vs. Florida
| Item | The Hammocks | Florida |
|---|---|---|
| Shampoo | $1.11 | $1.06 |
| Movie | $13.23 | $10.68 |
| Bowling | $22.13 | $14.67 |
| Haircut | $14.37 | $18.62 |
| Beauty Salon | $70.0 | $39.05 |
Detailed The Hammocks Groceries Costs Vs. Florida
| Item | The Hammocks | Florida |
|---|---|---|
| Ground Beef | $4.27 | $4.22 |
| Fried Chicken | $1.73 | $1.39 |
| Milk | $3.16 | $2.05 |
| Potatoes | $3.86 | $3.29 |
| Pizza | $9.1 | $10.62 |
| Beer | $10.98 | $9.38 |
| Toothpaste | $1.87 | $2.34 |
Detailed The Hammocks Health Costs Vs. Florida
| Item | The Hammocks | Florida |
|---|---|---|
| Optometrist | $105.63 | $108.57 |
| Doctor | $111.06 | $116.17 |
| Dentist | $107.78 | $99.13 |
Detailed The Hammocks Transportation Costs Vs. Florida
| Item | The Hammocks | Florida |
|---|---|---|
| Gasoline | $2.24 | $2.22 |
| Tire Balancing | $60.69 | $50.07 |
Detailed The Hammocks Utilities Costs Vs. Florida
| Item | The Hammocks | Florida |
|---|---|---|
| All Electricity | $162.18 | $167.67 |
| Phone | $188.17 | $175.64 |
The Hammocks SnackAbility
/10
Cost Of Living In Cities Around The Hammocks
The cost of living varies in the cities and towns around The Hammocks. Here's a quick look at the cost of living in the most populous nearby places:
Kendall, FL has a cost of living index of 123, 1.1x The Hammocks.
Tamiami, FL has a cost of living index of 116, 1.0x The Hammocks.
Kendale Lakes, FL has a cost of living index of 108, 0.9x The Hammocks.
| City | Population | Cost Of Living | Vs. The Hammocks |
|---|---|---|---|
| Kendall, FL | 78,007 | 123 | 1.1x |
| Tamiami, FL | 54,525 | 116 | 1.0x |
| Kendale Lakes, FL | 53,392 | 108 | 0.9x |
| Coral Gables, FL | 49,269 | 164 | 1.4x |
| Richmond West, FL | 37,626 | 117 | 1.0x |
| Kendall West, FL | 36,964 | 110 | 0.9x |
| Miami Lakes, FL | 30,582 | 125 | 1.1x |
| Coral Terrace, FL | 25,869 | 117 | 1.0x |
| The Crossings, FL | 22,382 | 116 | 1.0x |
| Country Walk, FL | 18,627 | 122 | 1.1x |
