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Cost of Living in Spring Hill, FL

Population 119,983 · Census ACS 2020–2024 5-year estimates

Median rent$1,440
Median home value$288,500
Median household income$68,432

The median rent in Spring Hill, FL is $1,440/month, 14% lower than the Florida median and about the same as the U.S. median. The median home value is $288,500, 13% lower than the national median. Households earn a median of $68,432 a year, 8% lower than the state median.

Affordability

Rent as a share of median income: 25.3%
Income needed for median rent (30% rule): $57,600/yr
Home price-to-income ratio: 4.2×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $1,459/mo

Run your own numbers: mortgage calculator · hourly to salary

Spring Hill vs. Florida vs. U.S.

Spring HillFloridaU.S.
Median rent$1,440$1,669$1,413
Median home value$288,500$359,000$332,700
Median household income$68,432$74,568$80,734
Homeownership rate80.3%67.6%65.2%
Bachelor's degree or higher19.9%34.1%35.7%
Poverty rate11.8%12.6%12.5%
Unemployment rate5.5%4.8%5.2%
Work from home14.2%15.7%15.1%
Median age44.042.638.9

FAQ

What is the average rent in Spring Hill, FL?

The median gross rent in Spring Hill, FL is $1,440 per month (ACS 2020–2024 5-year estimate).

How much do I need to earn to live in Spring Hill, FL?

Using the common 30% rule, renting a median-priced home takes about $57,600 a year in gross income.

Is Spring Hill, FL expensive to live in?

Rent there is about the same as 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

Adelanto, CARent $1,437 · Income $68,685Kingston, NYRent $1,469 · Income $68,186Apple Valley, CARent $1,444 · Income $69,882Hampton, VARent $1,427 · Income $69,621Providence, RIRent $1,408 · Income $68,119Norristown, PARent $1,422 · Income $66,701

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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