Cocoa, FL

Below Avg · 76

Florida · Population 19,330 · Updated March 2026

$1,180
Median Rent / Month
$56,553
Median Income
$215,700
Median Home Value
$1,060
Owner Costs / Month

Affordability

How far your income goes in Cocoa

25.0%
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

$14,160
Annual Rent
$0
State Income Tax
$1,855
Property Tax (est.)

Cost of Living Overview

Cocoa is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 76 (where 100 equals the national median), Cocoa residents can expect to pay median rent of $1,180/month while earning a median household income of $56,553/year.

The median home value in Cocoa, FL is $215,700, with typical monthly owner costs around $1,060 including mortgage, insurance, and taxes. With a rent-to-income ratio of 25.0%, Cocoa 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 Cocoa.

Frequently Asked Questions

Common questions about living costs in Cocoa

What is the cost of living in Cocoa, FL?
The cost of living index in Cocoa, FL is 76 (US average = 100). Median monthly rent is $1,180, median household income is $56,553/year, and the median home value is $215,700.
Is Cocoa, FL affordable?
Yes, Cocoa is more affordable than the national average with a cost index of 76. The rent-to-income ratio is 25.0%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Cocoa, FL?
The median gross rent in Cocoa, FL is $1,180 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $14,160.
What is the median household income in Cocoa?
The median household income in Cocoa, FL is $56,553 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.