Clearwater, FL

Estimated Annual Costs

Clearwater is more expensive than the national average. Higher housing costs are typically the primary driver. With a cost index of 105 (where 100 equals the national median), Clearwater residents can expect to pay median rent of $1,539/month while earning a median household income of $64,440/year.

The median home value in Clearwater, FL is $326,100, with typical monthly owner costs around $1,411 including mortgage, insurance, and taxes. With a rent-to-income ratio of 28.7%, Clearwater falls within the generally affordable range, though it's approaching the 30% burden threshold.

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 Clearwater.