Greenacres, FL

Average · 102

Florida · Population 43,871 · Updated March 2026

$1,709
Median Rent / Month
$62,917
Median Income
$244,700
Median Home Value
$1,481
Owner Costs / Month

Affordability

How far your income goes in Greenacres

32.6%
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

$20,508
Annual Rent
$0
State Income Tax
$2,104
Property Tax (est.)

Cost of Living Overview

Greenacres has a cost of living close to the national average, offering a balanced mix of expenses and amenities. With a cost index of 102 (where 100 equals the national median), Greenacres residents can expect to pay median rent of $1,709/month while earning a median household income of $62,917/year.

The median home value in Greenacres, FL is $244,700, with typical monthly owner costs around $1,481 including mortgage, insurance, and taxes. At 32.6% rent-to-income ratio, residents of Greenacres are spending more than the recommended 30% of income on housing, indicating moderate cost burden.

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 Greenacres.

Frequently Asked Questions

Common questions about living costs in Greenacres

What is the cost of living in Greenacres, FL?
The cost of living index in Greenacres, FL is 102 (US average = 100). Median monthly rent is $1,709, median household income is $62,917/year, and the median home value is $244,700.
Is Greenacres, FL affordable?
No, Greenacres is more expensive than the national average with a cost index of 102. The rent-to-income ratio is 32.6%—above the 30%% affordability threshold.
What is the average rent in Greenacres, FL?
The median gross rent in Greenacres, FL is $1,709 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $20,508.
What is the median household income in Greenacres?
The median household income in Greenacres, FL is $62,917 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.