Largo, FL

Below Avg · 87

Florida · Population 82,506 · Updated March 2026

$1,482
Median Rent / Month
$60,465
Median Income
$208,500
Median Home Value
$1,231
Owner Costs / Month

Affordability

How far your income goes in Largo

29.4%
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

$17,784
Annual Rent
$0
State Income Tax
$1,793
Property Tax (est.)

Cost of Living Overview

Largo offers a below-average cost of living, giving residents more purchasing power compared to many US cities. With a cost index of 87 (where 100 equals the national median), Largo residents can expect to pay median rent of $1,482/month while earning a median household income of $60,465/year.

The median home value in Largo, FL is $208,500, with typical monthly owner costs around $1,231 including mortgage, insurance, and taxes. With a rent-to-income ratio of 29.4%, Largo 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 Largo.

Frequently Asked Questions

Common questions about living costs in Largo

What is the cost of living in Largo, FL?
The cost of living index in Largo, FL is 87 (US average = 100). Median monthly rent is $1,482, median household income is $60,465/year, and the median home value is $208,500.
Is Largo, FL affordable?
Yes, Largo is more affordable than the national average with a cost index of 87. The rent-to-income ratio is 29.4%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Largo, FL?
The median gross rent in Largo, FL is $1,482 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $17,784.
What is the median household income in Largo?
The median household income in Largo, FL is $60,465 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.