Hernando, FL Cost Of Living
Cost Of Living In Hernando, FL Summary
Cost of living in Hernando 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 Hernando 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 Hernando is 90, with 100 being the average.
The cost of living index in Hernando is 0.9x lower than the national average.
Hernando ranks as the #91 cheapest in Florida out of 459.
Hernando ranks as the #1,633 cheapest out of 6,412 in the US.
The median home value in Hernando is $126,500.
The median income in Hernando is $38,109.
Table Of Contents
Hernando's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Hernando, FL?
According to the most recent data on the cost of living, Hernando has an overall cost of living index of 90, which is 0.9x lower than the national index of 100.
Compared to Florida, Hernando has a cost of living index that's 0.9x lower than Florida's index of 101.
The standard of living in Hernando ranks as #91 most affordable out of the 459 places we measured in Florida. By definition, that implies Hernando ranks as the #368 most expensive place in the Sunshine State.
For more reading on life in Hernando, check out:
- Living In Hernando
- Search Homes For Sale In Hernando, FL
In Florida
In America
Hernando Cost Of Living Vs. Florida
Six factors go into calculating the cost of living index in Hernando. Here is how it fairs on each of the criteria:
The Services index in Hernando is 98.
The Groceries index in Hernando is 118.
The Health index in Hernando is 90.
The Housing index in Hernando is 54.
The Transportation index in Hernando is 100.
The Utilities index in Hernando is 159.
| Living Expense | Hernando | Florida | National Average | |
|---|---|---|---|---|
| Overall | 90 | 101 | 100 | |
| Services | 98 | 98 | 100 | |
| Groceries | 118 | 101 | 100 | |
| Health | 90 | 96 | 100 | |
| Housing | 54 | 108 | 100 | |
| Transportation | 100 | 98 | 100 | |
| Utilities | 159 | 100 | 100 | |
Hernando, 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 Hernando is $126,500.
The Median Rent in Hernando is $749.
The Median Income in Hernando is $38,109.
The Home Value To Income in Hernando is 3.3x.
The Rent To Monthly Income in Hernando is 0.24x.
| Statistic | Hernando | Florida | United States |
|---|---|---|---|
| Median Home Value | $126,500 | $248,700 | $244,900 |
| Median Rent | $749 | $1,301 | $1,163 |
| Median Income | $38,109 | $61,777 | $69,021 |
| Home Value To Income | 3.3x | 4.0x | 3.5x |
| Rent To Monthly Income | 0.24x | 0.25x | 0.2x |
Median Home Value
Median Rent
Median Income
Hernando, FL Costs By Category
Detailed Hernando Services Costs Vs. Florida
Detailed Hernando Groceries Costs Vs. Florida
Detailed Hernando Health Costs Vs. Florida
Detailed Hernando Transportation Costs Vs. Florida
Detailed Hernando Utilities Costs Vs. Florida
Hernando SnackAbility
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Cost Of Living In Cities Around Hernando
The cost of living varies in the cities and towns around Hernando. Here's a quick look at the cost of living in the most populous nearby places:
Spring Hill, FL has a cost of living index of 93, 1.0x Hernando.
The Villages, FL has a cost of living index of 108, 1.2x Hernando.
Ocala, FL has a cost of living index of 99, 1.1x Hernando.
| City | Population | Cost Of Living | Vs. Hernando |
|---|---|---|---|
| Spring Hill, FL | 114,706 | 93 | 1.0x |
| The Villages, FL | 76,415 | 108 | 1.2x |
| Ocala, FL | 62,351 | 99 | 1.1x |
| Clermont, FL | 41,562 | 102 | 1.1x |
| Leesburg, FL | 26,242 | 88 | 1.0x |
| Bayonet Point, FL | 25,200 | 86 | 1.0x |
| Jasmine Estates, FL | 23,334 | 85 | 0.9x |
| Eustis, FL | 22,532 | 91 | 1.0x |
| Tavares, FL | 18,290 | 88 | 1.0x |
| Lady Lake, FL | 15,683 | 92 | 1.0x |
