Iona, FL

Above Avg · 110

Florida · Population 14,290 · Updated March 2026

$1,908
Median Rent / Month
$66,143
Median Income
$295,700
Median Home Value
$1,329
Owner Costs / Month

Affordability

How far your income goes in Iona

34.6%
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

$22,896
Annual Rent
$0
State Income Tax
$2,543
Property Tax (est.)

Cost of Living Overview

Iona is more expensive than the national average. Higher housing costs are typically the primary driver. With a cost index of 110 (where 100 equals the national median), Iona residents can expect to pay median rent of $1,908/month while earning a median household income of $66,143/year.

The median home value in Iona, FL is $295,700, with typical monthly owner costs around $1,329 including mortgage, insurance, and taxes. At 34.6% rent-to-income ratio, residents of Iona 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 Iona.

Frequently Asked Questions

Common questions about living costs in Iona

What is the cost of living in Iona, FL?
The cost of living index in Iona, FL is 110 (US average = 100). Median monthly rent is $1,908, median household income is $66,143/year, and the median home value is $295,700.
Is Iona, FL affordable?
No, Iona is more expensive than the national average with a cost index of 110. The rent-to-income ratio is 34.6%—above the 30%% affordability threshold.
What is the average rent in Iona, FL?
The median gross rent in Iona, FL is $1,908 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $22,896.
What is the median household income in Iona?
The median household income in Iona, FL is $66,143 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.