Longwood, FL

Above Avg · 110

Florida · Population 15,952 · Updated March 2026

$1,661
Median Rent / Month
$77,214
Median Income
$327,400
Median Home Value
$1,494
Owner Costs / Month

Affordability

How far your income goes in Longwood

25.8%
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

$19,932
Annual Rent
$0
State Income Tax
$2,816
Property Tax (est.)

Cost of Living Overview

Longwood 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), Longwood residents can expect to pay median rent of $1,661/month while earning a median household income of $77,214/year.

The median home value in Longwood, FL is $327,400, with typical monthly owner costs around $1,494 including mortgage, insurance, and taxes. With a rent-to-income ratio of 25.8%, Longwood 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 Longwood.

Frequently Asked Questions

Common questions about living costs in Longwood

What is the cost of living in Longwood, FL?
The cost of living index in Longwood, FL is 110 (US average = 100). Median monthly rent is $1,661, median household income is $77,214/year, and the median home value is $327,400.
Is Longwood, FL affordable?
No, Longwood is more expensive than the national average with a cost index of 110. The rent-to-income ratio is 25.8%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Longwood, FL?
The median gross rent in Longwood, FL is $1,661 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $19,932.
What is the median household income in Longwood?
The median household income in Longwood, FL is $77,214 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.