Bayshore Gardens, FL

Very Low · 73

Florida · Population 18,324 · Updated March 2026

$1,324
Median Rent / Month
$50,896
Median Income
$160,700
Median Home Value
$994
Owner Costs / Month

Affordability

How far your income goes in Bayshore Gardens

31.2%
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

$15,888
Annual Rent
$0
State Income Tax
$1,382
Property Tax (est.)

Cost of Living Overview

Bayshore Gardens is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 73 (where 100 equals the national median), Bayshore Gardens residents can expect to pay median rent of $1,324/month while earning a median household income of $50,896/year.

The median home value in Bayshore Gardens, FL is $160,700, with typical monthly owner costs around $994 including mortgage, insurance, and taxes. At 31.2% rent-to-income ratio, residents of Bayshore Gardens 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 Bayshore Gardens.

Frequently Asked Questions

Common questions about living costs in Bayshore Gardens

What is the cost of living in Bayshore Gardens, FL?
The cost of living index in Bayshore Gardens, FL is 73 (US average = 100). Median monthly rent is $1,324, median household income is $50,896/year, and the median home value is $160,700.
Is Bayshore Gardens, FL affordable?
Yes, Bayshore Gardens is more affordable than the national average with a cost index of 73. The rent-to-income ratio is 31.2%—above the 30%% affordability threshold.
What is the average rent in Bayshore Gardens, FL?
The median gross rent in Bayshore Gardens, FL is $1,324 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $15,888.
What is the median household income in Bayshore Gardens?
The median household income in Bayshore Gardens, FL is $50,896 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.