Fruit Cove, FL

Very High · 147

Florida · Population 35,609 · Updated March 2026

$2,261
Median Rent / Month
$137,906
Median Income
$451,600
Median Home Value
$1,879
Owner Costs / Month

Affordability

How far your income goes in Fruit Cove

19.7%
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

$27,132
Annual Rent
$0
State Income Tax
$3,884
Property Tax (est.)

Cost of Living Overview

Fruit Cove has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 147 (where 100 equals the national median), Fruit Cove residents can expect to pay median rent of $2,261/month while earning a median household income of $137,906/year.

The median home value in Fruit Cove, FL is $451,600, with typical monthly owner costs around $1,879 including mortgage, insurance, and taxes. The median rent-to-income ratio of 19.7% 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 Fruit Cove.

Frequently Asked Questions

Common questions about living costs in Fruit Cove

What is the cost of living in Fruit Cove, FL?
The cost of living index in Fruit Cove, FL is 147 (US average = 100). Median monthly rent is $2,261, median household income is $137,906/year, and the median home value is $451,600.
Is Fruit Cove, FL affordable?
No, Fruit Cove is more expensive than the national average with a cost index of 147. The rent-to-income ratio is 19.7%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Fruit Cove, FL?
The median gross rent in Fruit Cove, FL is $2,261 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $27,132.
What is the median household income in Fruit Cove?
The median household income in Fruit Cove, FL is $137,906 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.