Cost of Living in Canal Point, FL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
146.4
100 = national avg
+46.4 vs national average
Living Wage (1 Adult)
$64,430
per year
Living Wage (Family of 4)
$152,289
per year
Cost Index by Category
Housing149.2
Food131.7
Transportation163.4
Healthcare125.4
Utilities128.9
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,901
per month
2 Bedroom
$2,254
per month
The overall cost of living index in Canal Point is 146.4, which is 46.4% above the national average. Housing costs are above the national average at an index of 149.2. A single adult needs to earn approximately $64,430 per year to cover basic expenses.