Cost of Living in Tavares, FL

Housing

The housing market plays a significant role in determining the cost of living in Tavares, FL.

• Housing Index: 98.0 / 100
• Median Home Price is: $345000
• Average Rent (2 BR Apartment): $1700 per month
• Average Rent (2 BR House): $1744.8 per month

Considering a move to Tavares, FL? With a population of , the community offers a mature demographic, showcased by a median age of . Approximately 43% of residents belong to married families, suggesting a stable social environment. The median income of implies a reasonable standard of living, though with a poverty level around %, you may want to evaluate local economic opportunities. The unemployment rate stands at %, indicating a relatively healthy job market. Overall, Tavares presents opportunities balanced against various socioeconomic factors.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Tavares, FL.

• Electricity Price: 13.89 USD (median by state)
• Natural Gas Price: $26.13 USD per Thousand Cubic Feet (median by state)
• Other Utilities (water, garbage, etc.): $230 per month

Living in Tavares, FL could entail higher utility costs. Electricity costs sit at 13.89, while natural gas is priced at 26.13 per Thousand Cubic Feet—both aligning with state medians. Expect to budget about 230 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 105.5

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $54271

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

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Summary

When considering a move to Tavares, FL, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.