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Cost of Living in Port Charlotte, FL

Population 66,133 · Census ACS 2020–2024 5-year estimates

Median rent$1,553
Median home value$269,900
Median household income$63,844

The median rent in Port Charlotte, FL is $1,553/month, 7% lower than the Florida median and 10% higher than the U.S. median. The median home value is $269,900, 19% lower than the national median. Households earn a median of $63,844 a year, 14% lower than the state median.

Affordability

Rent as a share of median income: 29.2%
Income needed for median rent (30% rule): $62,120/yr
Home price-to-income ratio: 4.2×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $1,365/mo

Run your own numbers: mortgage calculator · hourly to salary

Port Charlotte vs. Florida vs. U.S.

Port CharlotteFloridaU.S.
Median rent$1,553$1,669$1,413
Median home value$269,900$359,000$332,700
Median household income$63,844$74,568$80,734
Homeownership rate83.2%67.6%65.2%
Bachelor's degree or higher20.8%34.1%35.7%
Poverty rate9.6%12.6%12.5%
Unemployment rate6.8%4.8%5.2%
Work from home13.0%15.7%15.1%
Median age55.442.638.9

FAQ

What is the average rent in Port Charlotte, FL?

The median gross rent in Port Charlotte, FL is $1,553 per month (ACS 2020–2024 5-year estimate).

How much do I need to earn to live in Port Charlotte, FL?

Using the common 30% rule, renting a median-priced home takes about $62,120 a year in gross income.

Is Port Charlotte, FL expensive to live in?

Rent there is 10% higher than the U.S. median, and the median home costs about 4.2 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

Union City, NJRent $1,537 · Income $64,310Redan, GARent $1,566 · Income $65,227Willowbrook, CARent $1,570 · Income $62,582Florence-Graham, CARent $1,521 · Income $65,132Stonecrest, GARent $1,601 · Income $64,591Candler-McAfee, GARent $1,498 · Income $64,699

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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