Altamonte Springs, FL

Average · 102

Florida · Population 45,657 · Updated March 2026

$1,624
Median Rent / Month
$64,106
Median Income
$263,600
Median Home Value
$1,518
Owner Costs / Month

Affordability

How far your income goes in Altamonte Springs

30.4%
Rent-to-Income Ratio
Moderate
Rent takes 25-35% of median income — moderate affordability.

Tax Burden in Florida

State-level tax rates that affect your costs

0%
Income Tax (Top Rate)
6.0%
Sales Tax
0.86%
Property Tax Rate

Estimated Annual Costs

$19,488
Annual Rent
$0
State Income Tax
$2,267
Property Tax (est.)

Cost of Living Overview

Altamonte Springs has a cost of living close to the national average, offering a balanced mix of expenses and amenities. With a cost index of 102 (where 100 equals the national median), Altamonte Springs residents can expect to pay median rent of $1,624/month while earning a median household income of $64,106/year.

The median home value in Altamonte Springs, FL is $263,600, with typical monthly owner costs around $1,518 including mortgage, insurance, and taxes. At 30.4% rent-to-income ratio, residents of Altamonte Springs are spending more than the recommended 30% of income on housing, indicating moderate cost burden.

Florida has no state income tax, which can represent significant savings compared to high-tax states. Combined with a 6.0% sales tax rate and 0.86% effective property tax rate, the overall tax environment helps keep costs manageable in Altamonte Springs.

Frequently Asked Questions

Common questions about living costs in Altamonte Springs

What is the cost of living in Altamonte Springs, FL?
The cost of living index in Altamonte Springs, FL is 102 (US average = 100). Median monthly rent is $1,624, median household income is $64,106/year, and the median home value is $263,600.
Is Altamonte Springs, FL affordable?
No, Altamonte Springs is more expensive than the national average with a cost index of 102. The rent-to-income ratio is 30.4%—above the 30%% affordability threshold.
What is the average rent in Altamonte Springs, FL?
The median gross rent in Altamonte Springs, FL is $1,624 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $19,488.
What is the median household income in Altamonte Springs?
The median household income in Altamonte Springs, FL is $64,106 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Florida?
Florida has a top income tax rate of 0%, a sales tax of 6.0%, and an effective property tax rate of 0.86%. Notably, there is no state income tax.