Forest City, FL

Above Avg · 116

Florida · Population 14,871 · Updated March 2026

$1,706
Median Rent / Month
$84,337
Median Income
$364,900
Median Home Value
$1,559
Owner Costs / Month

Affordability

How far your income goes in Forest City

24.3%
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

$20,472
Annual Rent
$0
State Income Tax
$3,138
Property Tax (est.)

Cost of Living Overview

Forest City is more expensive than the national average. Higher housing costs are typically the primary driver. With a cost index of 116 (where 100 equals the national median), Forest City residents can expect to pay median rent of $1,706/month while earning a median household income of $84,337/year.

The median home value in Forest City, FL is $364,900, with typical monthly owner costs around $1,559 including mortgage, insurance, and taxes. The median rent-to-income ratio of 24.3% 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 Forest City.

Frequently Asked Questions

Common questions about living costs in Forest City

What is the cost of living in Forest City, FL?
The cost of living index in Forest City, FL is 116 (US average = 100). Median monthly rent is $1,706, median household income is $84,337/year, and the median home value is $364,900.
Is Forest City, FL affordable?
No, Forest City is more expensive than the national average with a cost index of 116. The rent-to-income ratio is 24.3%—below the 30% threshold considered affordable by HUD.
What is the average rent in Forest City, FL?
The median gross rent in Forest City, FL is $1,706 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $20,472.
What is the median household income in Forest City?
The median household income in Forest City, FL is $84,337 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.