Homosassa Springs, FL

Very Low · 57

Florida · Population 15,465 · Updated March 2026

$1,014
Median Rent / Month
$48,489
Median Income
$146,600
Median Home Value
$655
Owner Costs / Month

Affordability

How far your income goes in Homosassa Springs

25.1%
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

$12,168
Annual Rent
$0
State Income Tax
$1,261
Property Tax (est.)

Cost of Living Overview

Homosassa Springs is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 57 (where 100 equals the national median), Homosassa Springs residents can expect to pay median rent of $1,014/month while earning a median household income of $48,489/year.

The median home value in Homosassa Springs, FL is $146,600, with typical monthly owner costs around $655 including mortgage, insurance, and taxes. With a rent-to-income ratio of 25.1%, Homosassa Springs 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 Homosassa Springs.

Frequently Asked Questions

Common questions about living costs in Homosassa Springs

What is the cost of living in Homosassa Springs, FL?
The cost of living index in Homosassa Springs, FL is 57 (US average = 100). Median monthly rent is $1,014, median household income is $48,489/year, and the median home value is $146,600.
Is Homosassa Springs, FL affordable?
Yes, Homosassa Springs is more affordable than the national average with a cost index of 57. The rent-to-income ratio is 25.1%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Homosassa Springs, FL?
The median gross rent in Homosassa Springs, FL is $1,014 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $12,168.
What is the median household income in Homosassa Springs?
The median household income in Homosassa Springs, FL is $48,489 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.