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Cost of Living in Florida Ridge, FL

Population 20,889 · Census ACS 2020–2024 5-year estimates

Median rent$1,342
Median home value$287,900
Median household income$66,625

The median rent in Florida Ridge, FL is $1,342/month, 20% lower than the Florida median and 5% lower than the U.S. median. The median home value is $287,900, 13% lower than the national median. Households earn a median of $66,625 a year, 11% lower than the state median.

Affordability

Rent as a share of median income: 24.2%
Income needed for median rent (30% rule): $53,680/yr
Home price-to-income ratio: 4.3×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $1,456/mo

Run your own numbers: mortgage calculator · hourly to salary

Florida Ridge vs. Florida vs. U.S.

Florida RidgeFloridaU.S.
Median rent$1,342$1,669$1,413
Median home value$287,900$359,000$332,700
Median household income$66,625$74,568$80,734
Homeownership rate79.3%67.6%65.2%
Bachelor's degree or higher28.5%34.1%35.7%
Poverty rate11.3%12.6%12.5%
Unemployment rate3.5%4.8%5.2%
Work from home13.7%15.7%15.1%
Median age44.842.638.9

FAQ

What is the average rent in Florida Ridge, FL?

The median gross rent in Florida Ridge, FL is $1,342 per month (ACS 2020–2024 5-year estimate).

How much do I need to earn to live in Florida Ridge, FL?

Using the common 30% rule, renting a median-priced home takes about $53,680 a year in gross income.

Is Florida Ridge, FL expensive to live in?

Rent there is 5% lower than the U.S. median, and the median home costs about 4.3 times the median household income.

Other cities in Florida

Jacksonville, FLRent $1,465 · Income $69,872Miami, FLRent $1,758 · Income $62,462Tampa, FLRent $1,701 · Income $75,475Orlando, FLRent $1,747 · Income $72,336St. Petersburg, FLRent $1,663 · Income $75,192Port St. Lucie, FLRent $1,937 · Income $80,648

Cities with a similar cost of living

Ridgeland, MSRent $1,336 · Income $66,038Walla Walla, WARent $1,323 · Income $66,748Norfolk, VARent $1,321 · Income $66,109Southfield, MIRent $1,340 · Income $68,166Essex, MDRent $1,319 · Income $67,168Dearborn, MIRent $1,327 · Income $65,324

Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

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