Callaway, FL

Below Avg · 83

Florida · Population 13,297 · Updated March 2026

$1,319
Median Rent / Month
$69,388
Median Income
$215,300
Median Home Value
$1,223
Owner Costs / Month

Affordability

How far your income goes in Callaway

22.8%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

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

$15,828
Annual Rent
$0
State Income Tax
$1,852
Property Tax (est.)

Cost of Living Overview

Callaway is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 83 (where 100 equals the national median), Callaway residents can expect to pay median rent of $1,319/month while earning a median household income of $69,388/year.

The median home value in Callaway, FL is $215,300, with typical monthly owner costs around $1,223 including mortgage, insurance, and taxes. The median rent-to-income ratio of 22.8% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

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 Callaway.

Frequently Asked Questions

Common questions about living costs in Callaway

What is the cost of living in Callaway, FL?
The cost of living index in Callaway, FL is 83 (US average = 100). Median monthly rent is $1,319, median household income is $69,388/year, and the median home value is $215,300.
Is Callaway, FL affordable?
Yes, Callaway is more affordable than the national average with a cost index of 83. The rent-to-income ratio is 22.8%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Callaway, FL?
The median gross rent in Callaway, FL is $1,319 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $15,828.
What is the median household income in Callaway?
The median household income in Callaway, FL is $69,388 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.