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Cost of Living in Oak Ridge, FL

Population 23,364 · Census ACS 2020–2024 5-year estimates

Median rent$1,466
Median home value$280,200
Median household income$54,685

The median rent in Oak Ridge, FL is $1,466/month, 12% lower than the Florida median and 4% higher than the U.S. median. The median home value is $280,200, 16% lower than the national median. Households earn a median of $54,685 a year, 27% lower than the state median.

Affordability

Rent as a share of median income: 32.2%
Income needed for median rent (30% rule): $58,640/yr
Home price-to-income ratio: 5.1×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $1,417/mo

Run your own numbers: mortgage calculator · hourly to salary

Oak Ridge vs. Florida vs. U.S.

Oak RidgeFloridaU.S.
Median rent$1,466$1,669$1,413
Median home value$280,200$359,000$332,700
Median household income$54,685$74,568$80,734
Homeownership rate34.1%67.6%65.2%
Bachelor's degree or higher17.4%34.1%35.7%
Poverty rate25.3%12.6%12.5%
Unemployment rate7.9%4.8%5.2%
Work from home4.7%15.7%15.1%
Median age34.442.638.9

FAQ

What is the average rent in Oak Ridge, FL?

The median gross rent in Oak Ridge, FL is $1,466 per month (ACS 2020–2024 5-year estimate).

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

Using the common 30% rule, renting a median-priced home takes about $58,640 a year in gross income.

Is Oak Ridge, FL expensive to live in?

Rent there is 4% higher than the U.S. median, and the median home costs about 5.1 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

Passaic, NJRent $1,465 · Income $55,371Horn Lake, MSRent $1,435 · Income $53,311Newburgh, NYRent $1,454 · Income $56,960New Haven, CTRent $1,488 · Income $56,851Desert Hot Springs, CARent $1,412 · Income $52,761Sun City, AZRent $1,569 · Income $54,586

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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