Bayonet Point, FL

Very Low · 69

Florida · Population 23,787 · Updated March 2026

$1,231
Median Rent / Month
$42,157
Median Income
$160,000
Median Home Value
$954
Owner Costs / Month

Affordability

How far your income goes in Bayonet Point

35.0%
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

$14,772
Annual Rent
$0
State Income Tax
$1,376
Property Tax (est.)

Cost of Living Overview

Bayonet Point is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 69 (where 100 equals the national median), Bayonet Point residents can expect to pay median rent of $1,231/month while earning a median household income of $42,157/year.

The median home value in Bayonet Point, FL is $160,000, with typical monthly owner costs around $954 including mortgage, insurance, and taxes. The 35.0% rent-to-income ratio indicates significant housing cost burden. Residents spend well over a third of their income on rent alone.

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 Bayonet Point.

Frequently Asked Questions

Common questions about living costs in Bayonet Point

What is the cost of living in Bayonet Point, FL?
The cost of living index in Bayonet Point, FL is 69 (US average = 100). Median monthly rent is $1,231, median household income is $42,157/year, and the median home value is $160,000.
Is Bayonet Point, FL affordable?
Yes, Bayonet Point is more affordable than the national average with a cost index of 69. The rent-to-income ratio is 35.0%—above the 30%% affordability threshold.
What is the average rent in Bayonet Point, FL?
The median gross rent in Bayonet Point, FL is $1,231 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $14,772.
What is the median household income in Bayonet Point?
The median household income in Bayonet Point, FL is $42,157 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.