Pinellas is a county nestled along the stunning Gulf Coast of Florida. It blends natural beauty and cultural attractions and is home to several pleasant residential communities.
If this county has caught your attention and you are considering moving here, it is crucial to be familiar with the cost of living in Pinellas County. The cost of living index here is a little high, so researching and understanding the Pinellas County cost of living will help you plan your relocation smartly and effectively. It can also give you an idea of how living in the area is and determine how it can impact your lifestyle.
While the cost of living in Pinellas may be high, it is compensated by the multitude of offerings and advantages it offers. The county boasts miles of stunning sandy beaches that attract countless visitors annually. Pinellas is also brimming with numerous schools, hotels, bars, shops, and restaurants.
So locals have convenient access to essential establishments and many entertainment options. The county also offers many outdoor activities from land to sea and diverse neighborhoods.
Looking for ways to navigate the cost of living in Pinellas County? Our blog article has all the insights you need. We will explore key factors influencing the county’s cost of living, including housing, food and grocery prices, transportation expenses, healthcare, and utility bills.
Let’s get started!
Overview of Pinellas County Cost of Living
The overall cost of living in Pinellas County, Florida, is 102.8. It is roughly 3% higher than the national consumer price index of 100 and 1% higher than Florida, which has a 103 living cost index. With this, we can immediately determine that the prices for goods and services in Pinellas are slightly more expensive.
The average cost of living in the county is around $1,643, which is in the top 26% of the most expensive cities in the world. To live comfortably in the area, a median after-tax salary of $3,907 is enough to cover two-month living expenses.
Despite the slightly higher cost of living in Pinellas County, FL, it remains an appealing destination thanks to its relatively low taxes compared to other places in Florida.
Housing Cost in Pinellas County
Housing cost in Pinellas is higher than the national average of 100. It has a cost of living index of 104.5, while only Florida has 101.1.
Homes for sale in Pinellas have a median listing price of $594,653. Meanwhile, renting can be less expensive than owning a home in certain situations, with a median rent of $1,995. For this reason, it is important to carefully consider your financial situation and preferences before deciding whether to rent or buy a home in Pinellas.
Grocery and Food Pricing in Pinellas County
The cost of groceries in Pinellas is currently 3% above the statewide average in Florida and 5% higher than the national average. It has a grocery index cost of 105.8, which is higher than the state average of 102.8 in Florida.
For groceries, a liter of milk costs a dollar, a liter of water costs $1.21, a loaf of bread costs $2.76, and a dozen eggs cost around $2.45. Fruits cost about $1.29 to $5. If you are eating out, you will need around $60 to eat at a restaurant and about $5 to eat at fast food.
Healthcare Cost in Pinellas County
In terms of healthcare costs in Pinellas County, individuals with at least a basic health insurance coverage can expect expenses close to the average prices observed throughout Florida.
Pinellas County’s overall health cost index is only 1% higher than the statewide average, with an index cost 103.7. The average cost in Pinellas County is around $109 for a routine doctor’s visit.
Utility Bills in Pinellas County
The county has a 104.6 index score for utility cost, just 3% higher than Florida. Utility bills, including electricity, heating, and water, will often cost at least $60.9 to $94.1, depending on whether you are single or have a family.
Meanwhile, a monthly internet plan in Pinellas costs $56.4. Overall, the county’s utility cost is slightly higher than the state average but still reasonable.
Transportation Cost in Pinellas County
Transportation in Pinellas is lower than in Florida and even the national average. While Florida has a cost index of 112.6, Pinellas only have a 99.
A single local transport ticket costs $2, while a monthly ticket will cost around $58. A taxi ride costs around $16 on average. If you own a car, gas or petrol in Pinellas is around $0.98 per liter.
The cost of living in Pinellas County, Florida, presents advantages and challenges for its residents.
Despite the cost of living in this county being slightly higher than the national and state averages, it is offset by the many advantages the county can provide its residents. Locals can enjoy an exceptional quality of life with miles of beautiful sandy beaches, a bustling entertainment scene, diverse neighborhoods, and various outdoor activities.
By understanding the realities of the Pinellas County cost of living, residents and potential homeowners can make wise decisions and strive for financial stability while enjoying the many opportunities this flourishing place offers. It is important to carefully plan your budgets, explore cost-saving measures, and seek out available resources to ensure a sustainable and comfortable lifestyle.
Pinellas County has so much to offer, and we’re excited to help you discover everything it has in store! If you are interested in talking with a seasoned realtor in Pinellas County and have a specific question or need assistance buying or selling a residential property, please do not hesitate to contact me anytime.
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Frequently Asked Questions
Living in Pinellas County is relatively expensive compared to other areas in Florida. The cost of living index in Pinellas County is 102.8, which is slightly higher than the national average. It means that the county’s goods and services are more expensive.
Yes! Despite its high cost of living, Pinellas County is still an excellent place to live. The area boasts a beautiful natural environment with welcoming communities in between.
Locals also have various options for recreational activities and entertainment. They also have proximity to amenities and conveniences and foster a strong sense of community with local initiatives and events.
According to legalconsumer.com, Pinellas County has a minimum wage of $11, the state minimum wage.
As of September 30, 2022, the minimum wage in Florida stands at $11 per hour, which is 34% higher than the federal minimum wage of $7.25.