Marco Island, FL

Very High · 183

Florida · Population 15,998 · Updated March 2026

$1,955
Median Rent / Month
$104,105
Median Income
$866,200
Median Home Value
$1,800
Owner Costs / Month

Affordability

How far your income goes in Marco Island

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

$23,460
Annual Rent
$0
State Income Tax
$7,449
Property Tax (est.)

Cost of Living Overview

Marco Island has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 183 (where 100 equals the national median), Marco Island residents can expect to pay median rent of $1,955/month while earning a median household income of $104,105/year.

The median home value in Marco Island, FL is $866,200, with typical monthly owner costs around $1,800 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 Marco Island.

Frequently Asked Questions

Common questions about living costs in Marco Island

What is the cost of living in Marco Island, FL?
The cost of living index in Marco Island, FL is 183 (US average = 100). Median monthly rent is $1,955, median household income is $104,105/year, and the median home value is $866,200.
Is Marco Island, FL affordable?
No, Marco Island is more expensive than the national average with a cost index of 183. The rent-to-income ratio is 22.5%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Marco Island, FL?
The median gross rent in Marco Island, FL is $1,955 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $23,460.
What is the median household income in Marco Island?
The median household income in Marco Island, FL is $104,105 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.