Cypress Gardens, FL

Average · 97

Florida · Population 10,013 · Updated March 2026

$1,540
Median Rent / Month
$85,997
Median Income
$270,600
Median Home Value
$1,317
Owner Costs / Month

Affordability

How far your income goes in Cypress Gardens

21.5%
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

$18,480
Annual Rent
$0
State Income Tax
$2,327
Property Tax (est.)

Cost of Living Overview

Cypress Gardens has a cost of living close to the national average, offering a balanced mix of expenses and amenities. With a cost index of 97 (where 100 equals the national median), Cypress Gardens residents can expect to pay median rent of $1,540/month while earning a median household income of $85,997/year.

The median home value in Cypress Gardens, FL is $270,600, with typical monthly owner costs around $1,317 including mortgage, insurance, and taxes. The median rent-to-income ratio of 21.5% 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 Cypress Gardens.

Frequently Asked Questions

Common questions about living costs in Cypress Gardens

What is the cost of living in Cypress Gardens, FL?
The cost of living index in Cypress Gardens, FL is 97 (US average = 100). Median monthly rent is $1,540, median household income is $85,997/year, and the median home value is $270,600.
Is Cypress Gardens, FL affordable?
Yes, Cypress Gardens is more affordable than the national average with a cost index of 97. The rent-to-income ratio is 21.5%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Cypress Gardens, FL?
The median gross rent in Cypress Gardens, FL is $1,540 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $18,480.
What is the median household income in Cypress Gardens?
The median household income in Cypress Gardens, FL is $85,997 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.