Conway, FL

Above Avg · 111

Florida · Population 13,346 · Updated March 2026

$1,502
Median Rent / Month
$96,250
Median Income
$366,800
Median Home Value
$1,572
Owner Costs / Month

Affordability

How far your income goes in Conway

18.7%
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

$18,024
Annual Rent
$0
State Income Tax
$3,154
Property Tax (est.)

Cost of Living Overview

Conway is more expensive than the national average. Higher housing costs are typically the primary driver. With a cost index of 111 (where 100 equals the national median), Conway residents can expect to pay median rent of $1,502/month while earning a median household income of $96,250/year.

The median home value in Conway, FL is $366,800, with typical monthly owner costs around $1,572 including mortgage, insurance, and taxes. The median rent-to-income ratio of 18.7% 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 Conway.

Frequently Asked Questions

Common questions about living costs in Conway

What is the cost of living in Conway, FL?
The cost of living index in Conway, FL is 111 (US average = 100). Median monthly rent is $1,502, median household income is $96,250/year, and the median home value is $366,800.
Is Conway, FL affordable?
No, Conway is more expensive than the national average with a cost index of 111. The rent-to-income ratio is 18.7%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Conway, FL?
The median gross rent in Conway, FL is $1,502 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $18,024.
What is the median household income in Conway?
The median household income in Conway, FL is $96,250 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.