New Port Richey, FL

Very Low · 69

Florida · Population 17,057 · Updated March 2026

$1,154
Median Rent / Month
$46,160
Median Income
$164,600
Median Home Value
$1,044
Owner Costs / Month

Affordability

How far your income goes in New Port Richey

30.0%
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

$13,848
Annual Rent
$0
State Income Tax
$1,416
Property Tax (est.)

Cost of Living Overview

New Port Richey is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 69 (where 100 equals the national median), New Port Richey residents can expect to pay median rent of $1,154/month while earning a median household income of $46,160/year.

The median home value in New Port Richey, FL is $164,600, with typical monthly owner costs around $1,044 including mortgage, insurance, and taxes. At 30.0% rent-to-income ratio, residents of New Port Richey 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 New Port Richey.

Frequently Asked Questions

Common questions about living costs in New Port Richey

What is the cost of living in New Port Richey, FL?
The cost of living index in New Port Richey, FL is 69 (US average = 100). Median monthly rent is $1,154, median household income is $46,160/year, and the median home value is $164,600.
Is New Port Richey, FL affordable?
Yes, New Port Richey is more affordable than the national average with a cost index of 69. The rent-to-income ratio is 30.0%—above the 30%% affordability threshold.
What is the average rent in New Port Richey, FL?
The median gross rent in New Port Richey, FL is $1,154 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $13,848.
What is the median household income in New Port Richey?
The median household income in New Port Richey, FL is $46,160 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.