Doctor Phillips, FL

Very High · 158

Florida · Population 12,458 · Updated March 2026

$2,358
Median Rent / Month
$101,540
Median Income
$484,000
Median Home Value
$2,110
Owner Costs / Month

Affordability

How far your income goes in Doctor Phillips

27.9%
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

$28,296
Annual Rent
$0
State Income Tax
$4,162
Property Tax (est.)

Cost of Living Overview

Doctor Phillips has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 158 (where 100 equals the national median), Doctor Phillips residents can expect to pay median rent of $2,358/month while earning a median household income of $101,540/year.

The median home value in Doctor Phillips, FL is $484,000, with typical monthly owner costs around $2,110 including mortgage, insurance, and taxes. With a rent-to-income ratio of 27.9%, Doctor Phillips 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 Doctor Phillips.

Frequently Asked Questions

Common questions about living costs in Doctor Phillips

What is the cost of living in Doctor Phillips, FL?
The cost of living index in Doctor Phillips, FL is 158 (US average = 100). Median monthly rent is $2,358, median household income is $101,540/year, and the median home value is $484,000.
Is Doctor Phillips, FL affordable?
No, Doctor Phillips is more expensive than the national average with a cost index of 158. The rent-to-income ratio is 27.9%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Doctor Phillips, FL?
The median gross rent in Doctor Phillips, FL is $2,358 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $28,296.
What is the median household income in Doctor Phillips?
The median household income in Doctor Phillips, FL is $101,540 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.