Hobe Sound, FL

Below Avg · 89

Florida · Population 14,313 · Updated March 2026

$1,184
Median Rent / Month
$63,233
Median Income
$323,700
Median Home Value
$1,133
Owner Costs / Month

Affordability

How far your income goes in Hobe Sound

22.5%
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

$14,208
Annual Rent
$0
State Income Tax
$2,784
Property Tax (est.)

Cost of Living Overview

Hobe Sound offers a below-average cost of living, giving residents more purchasing power compared to many US cities. With a cost index of 89 (where 100 equals the national median), Hobe Sound residents can expect to pay median rent of $1,184/month while earning a median household income of $63,233/year.

The median home value in Hobe Sound, FL is $323,700, with typical monthly owner costs around $1,133 including mortgage, insurance, and taxes. The median rent-to-income ratio of 22.5% 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 Hobe Sound.

Frequently Asked Questions

Common questions about living costs in Hobe Sound

What is the cost of living in Hobe Sound, FL?
The cost of living index in Hobe Sound, FL is 89 (US average = 100). Median monthly rent is $1,184, median household income is $63,233/year, and the median home value is $323,700.
Is Hobe Sound, FL affordable?
Yes, Hobe Sound is more affordable than the national average with a cost index of 89. The rent-to-income ratio is 22.5%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Hobe Sound, FL?
The median gross rent in Hobe Sound, FL is $1,184 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $14,208.
What is the median household income in Hobe Sound?
The median household income in Hobe Sound, FL is $63,233 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.